Dynamic Technology Lab Private Ltd Acquires New Position in Paysafe Limited (NYSE:PSFE)

Dynamic Technology Lab Private Ltd acquired a new stake in shares of Paysafe Limited (NYSE:PSFE) in the fourth quarter, HoldingsChannel.com reports. The firm acquired 14,054 shares of the company’s stock, valued at approximately $240,000.

Other large investors have also bought and sold shares of the company. Spire Wealth Management purchased a new stake in shares of Paysafe during the fourth quarter valued at approximately $26,000. Bfsg LLC bought a new position in Paysafe in the 4th quarter valued at approximately $78,000. Quantbot Technologies LP purchased a new stake in Paysafe during the 4th quarter valued at $169,000. Mitsubishi UFJ Asset Management Co. Ltd. increased its holdings in shares of Paysafe by 25.0% in the 4th quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 11,078 shares of the company’s stock worth $194,000 after purchasing an additional 2,215 shares in the last quarter. Finally, SG Americas Securities LLC raised its stake in shares of Paysafe by 5.7% in the fourth quarter. SG Americas Securities LLC now owns 13,903 shares of the company’s stock worth $238,000 after purchasing an additional 754 shares during the last quarter. 54.39% of the stock is owned by hedge funds and other institutional investors.

Paysafe Stock Performance

PSFE stock opened at $14.20 on Friday. The company has a debt-to-equity ratio of 2.76, a current ratio of 1.14 and a quick ratio of 1.14. Paysafe Limited has a 1 year low of $13.01 and a 1 year high of $26.25. The company has a market cap of $862.67 million, a P/E ratio of -37.36, a price-to-earnings-growth ratio of 0.48 and a beta of 1.91. The stock’s fifty day moving average price is $17.50 and its 200-day moving average price is $18.96.

Paysafe (NYSE:PSFE) last announced its earnings results on Thursday, March 6th. The company reported $0.43 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.60 by ($0.17). The firm had revenue of $420.07 million during the quarter, compared to analysts’ expectations of $437.40 million. Paysafe had a positive return on equity of 12.92% and a negative net margin of 1.38%. On average, equities analysts forecast that Paysafe Limited will post 1.87 earnings per share for the current year.

Analyst Ratings Changes

Several equities research analysts recently commented on the company. Susquehanna dropped their price objective on Paysafe from $21.00 to $17.00 and set a “neutral” rating on the stock in a research report on Wednesday, March 5th. UBS Group upped their target price on shares of Paysafe from $17.00 to $17.50 and gave the company a “sell” rating in a research note on Wednesday, February 12th. Finally, Bank of America reduced their price target on shares of Paysafe from $18.00 to $16.00 and set an “underperform” rating for the company in a research note on Monday, March 10th.

About Paysafe

Paysafe Limited provides end-to-end payment solutions in the United States, Germany, the United Kingdom, and internationally. Its payments platform offers a range of payment solutions comprising credit and debit card processing, digital wallet, eCash, and real-time banking solutions for entertainment verticals, such as iGaming, including online betting related to sports, e-sports, fantasy sports, poker, and other casino games, as well as travel, streaming/video gaming, retail/hospitality, and digital assets.