Paysafe (NYSE:PSFE) Stock Rating Lowered by Wall Street Zen

Paysafe (NYSE:PSFE) was downgraded by Wall Street Zen from a “buy” rating to a “hold” rating in a report issued on Saturday.

A number of other research analysts have also recently commented on the company. Susquehanna reaffirmed a “neutral” rating and set a $10.00 price target (up from $9.00) on shares of Paysafe in a research report on Thursday, May 14th. Royal Bank Of Canada reissued a “sector perform” rating and issued a $11.00 price objective (up from $9.00) on shares of Paysafe in a report on Thursday, May 14th. BTIG Research boosted their price objective on Paysafe from $10.00 to $12.00 and gave the company a “buy” rating in a research note on Wednesday, May 13th. Zacks Research downgraded shares of Paysafe from a “hold” rating to a “strong sell” rating in a report on Wednesday, July 15th. Finally, Weiss Ratings lowered shares of Paysafe from a “sell (d)” rating to a “sell (d-)” rating in a research report on Thursday, May 14th. One research analyst has rated the stock with a Buy rating, two have issued a Hold rating and three have issued a Sell rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Reduce” and an average target price of $10.12.

Paysafe Price Performance

Paysafe stock opened at $8.16 on Friday. Paysafe has a 12 month low of $5.95 and a 12 month high of $15.02. The company has a current ratio of 1.16, a quick ratio of 1.16 and a debt-to-equity ratio of 4.03. The business’s 50 day simple moving average is $7.57 and its 200 day simple moving average is $7.49. The company has a market cap of $421.76 million, a price-to-earnings ratio of -2.31, a PEG ratio of 0.50 and a beta of 1.74.

Paysafe (NYSE:PSFE) last announced its quarterly earnings data on Thursday, May 14th. The company reported $0.41 earnings per share for the quarter, beating the consensus estimate of $0.40 by $0.01. Paysafe had a positive return on equity of 11.32% and a negative net margin of 11.44%.The business had revenue of $442.72 million during the quarter, compared to analyst estimates of $424.41 million. Sell-side analysts forecast that Paysafe will post 1.1 EPS for the current year.

Insider Activity

In other Paysafe news, insider Richard Swales sold 10,000 shares of the stock in a transaction on Friday, May 15th. The stock was sold at an average price of $7.69, for a total transaction of $76,900.00. Following the sale, the insider owned 44,456 shares in the company, valued at $341,866.64. This represents a 18.36% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link.

Hedge Funds Weigh In On Paysafe

Several hedge funds have recently made changes to their positions in PSFE. Bank of America Corp DE raised its stake in shares of Paysafe by 74.3% during the 1st quarter. Bank of America Corp DE now owns 65,947 shares of the company’s stock valued at $449,000 after purchasing an additional 28,117 shares during the period. Empowered Funds LLC lifted its holdings in Paysafe by 9.7% during the 1st quarter. Empowered Funds LLC now owns 212,954 shares of the company’s stock worth $1,450,000 after purchasing an additional 18,863 shares in the last quarter. Quantinno Capital Management LP boosted its stake in Paysafe by 108.4% in the 1st quarter. Quantinno Capital Management LP now owns 241,617 shares of the company’s stock worth $1,645,000 after purchasing an additional 125,652 shares during the period. Whitebox Advisors LLC bought a new position in Paysafe in the 1st quarter worth about $819,000. Finally, Sei Investments Co. purchased a new position in Paysafe during the 1st quarter valued at about $127,000. 54.39% of the stock is currently owned by hedge funds and other institutional investors.

Paysafe Company Profile

Paysafe is a global payments provider that delivers a comprehensive suite of online and offline payment solutions. The company operates a diverse portfolio of products, including digital wallets under the Skrill and Neteller brands, prepaid voucher services through paysafecard, and integrated payment processing solutions for merchants. Paysafe’s platform is designed to serve a wide range of industries, from e-commerce and digital goods to gaming, financial services, and regulated verticals, offering tailored risk and compliance management alongside its core transaction capabilities.

Founded through a series of mergers and strategic acquisitions, Paysafe traces its origins to the launch of paysafecard in 2000 and the establishment of Optimal Payments in 1996.