Paysafe Limited (NYSE:PSFE) Receives Average Rating of “Reduce” from Analysts

Paysafe Limited (NYSE:PSFE) has been assigned an average recommendation of “Reduce” from the six ratings firms that are currently covering the firm, Marketbeat Ratings reports. Three investment analysts have rated the stock with a sell rating, two have given a hold rating and one has assigned a buy rating to the company. The average 12 month price objective among analysts that have covered the stock in the last year is $9.8750.

A number of research analysts have weighed in on the stock. Royal Bank Of Canada reissued a “sector perform” rating and issued a $11.00 target price (up from $9.00) on shares of Paysafe in a research note on Thursday, May 14th. Weiss Ratings cut Paysafe from a “sell (d)” rating to a “sell (d-)” rating in a report on Thursday, May 14th. Zacks Research downgraded Paysafe from a “hold” rating to a “strong sell” rating in a research report on Wednesday, July 15th. Wall Street Zen raised Paysafe from a “hold” rating to a “buy” rating in a research note on Sunday. Finally, BTIG Research dropped their target price on Paysafe from $12.00 to $11.00 and set a “buy” rating for the company in a report on Wednesday.

Paysafe Price Performance

Shares of NYSE PSFE opened at $8.60 on Thursday. The firm has a 50-day simple moving average of $7.61 and a 200-day simple moving average of $7.50. The company has a quick ratio of 1.16, a current ratio of 1.16 and a debt-to-equity ratio of 4.03. The stock has a market capitalization of $444.45 million, a price-to-earnings ratio of -2.44 and a beta of 1.74. Paysafe has a 52 week low of $5.95 and a 52 week high of $15.02.

Paysafe (NYSE:PSFE) last posted its quarterly earnings results on Thursday, May 14th. The company reported $0.41 earnings per share for the quarter, topping analysts’ consensus estimates of $0.40 by $0.01. Paysafe had a negative net margin of 11.44% and a positive return on equity of 11.32%. The firm had revenue of $442.72 million for the quarter, compared to analyst estimates of $424.41 million.

Insider Buying and Selling at Paysafe

In other news, insider Richard Swales sold 10,000 shares of the business’s stock in a transaction dated Friday, May 15th. The shares were sold at an average price of $7.69, for a total transaction of $76,900.00. Following the transaction, the insider owned 44,456 shares of the company’s stock, valued at approximately $341,866.64. The trade was a 18.36% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link.

Hedge Funds Weigh In On Paysafe

A number of institutional investors have recently bought and sold shares of PSFE. Tower Research Capital LLC TRC boosted its holdings in Paysafe by 143.1% in the 2nd quarter. Tower Research Capital LLC TRC now owns 5,548 shares of the company’s stock valued at $70,000 after purchasing an additional 3,266 shares during the last quarter. State of Alaska Department of Revenue acquired a new stake in shares of Paysafe during the 4th quarter worth approximately $83,000. Directional Asset Management acquired a new stake in shares of Paysafe during the 4th quarter worth approximately $93,000. Mercer Global Advisors Inc. ADV purchased a new stake in shares of Paysafe during the 4th quarter valued at approximately $93,000. Finally, Quantbot Technologies LP purchased a new stake in shares of Paysafe during the 2nd quarter valued at approximately $106,000. 54.39% of the stock is 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.