Paysafe (NYSE:PSFE) Lowered to “Strong Sell” Rating by Zacks Research

Zacks Research lowered shares of Paysafe (NYSE:PSFE) from a hold rating to a strong sell rating in a research report released on Wednesday,Zacks.com reports.

Several other brokerages have also commented on PSFE. BTIG Research lifted their price objective on Paysafe from $10.00 to $12.00 and gave the stock a “buy” rating in a report on Wednesday, May 13th. Wall Street Zen raised Paysafe from a “hold” rating to a “buy” rating in a report on Saturday, June 13th. UBS Group reissued a “sell” rating and issued a $7.50 target price (up from $6.75) on shares of Paysafe in a research report on Thursday, May 14th. Susquehanna restated a “neutral” rating and set a $10.00 price target (up from $9.00) on shares of Paysafe in a research note on Thursday, May 14th. Finally, Royal Bank Of Canada reiterated a “sector perform” rating and issued a $11.00 price objective (up from $9.00) on shares of Paysafe in a research note on Thursday, May 14th. One research analyst has rated the stock with a Buy rating, two have given a Hold rating and three have given a Sell rating to the company. According to MarketBeat.com, the company has a consensus rating of “Reduce” and an average price target of $10.12.

Paysafe Trading Down 0.3%

Shares of PSFE stock opened at $8.44 on Wednesday. The company has a current ratio of 1.16, a quick ratio of 1.16 and a debt-to-equity ratio of 4.03. Paysafe has a 12-month low of $5.95 and a 12-month high of $15.02. The stock has a market capitalization of $436.39 million, a P/E ratio of -2.39, a P/E/G ratio of 0.52 and a beta of 1.74. The firm’s 50 day moving average is $7.59 and its 200 day moving average is $7.49.

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

Insider Activity at Paysafe

In related news, insider Richard Swales sold 10,000 shares of the firm’s stock in a transaction on Friday, May 15th. The stock was sold at an average price of $7.69, for a total value of $76,900.00. Following the transaction, the insider directly owned 44,456 shares of the company’s stock, valued at approximately $341,866.64. This trade represents a 18.36% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link.

Institutional Trading of Paysafe

Several hedge funds have recently bought and sold shares of PSFE. Greenwich Wealth Management LLC increased its position in Paysafe by 6.9% in the fourth quarter. Greenwich Wealth Management LLC now owns 30,473 shares of the company’s stock worth $247,000 after buying an additional 1,960 shares in the last quarter. Two Sigma Investments LP lifted its position in shares of Paysafe by 4.7% during the 3rd quarter. Two Sigma Investments LP now owns 69,940 shares of the company’s stock valued at $904,000 after buying an additional 3,135 shares in the last quarter. Tower Research Capital LLC TRC lifted its position in shares of Paysafe by 143.1% during the 2nd quarter. Tower Research Capital LLC TRC now owns 5,548 shares of the company’s stock valued at $70,000 after buying an additional 3,266 shares in the last quarter. Campbell & CO Investment Adviser LLC grew its stake in shares of Paysafe by 23.2% during the 4th quarter. Campbell & CO Investment Adviser LLC now owns 24,440 shares of the company’s stock valued at $198,000 after acquiring an additional 4,606 shares during the period. Finally, Bfsg LLC grew its stake in shares of Paysafe by 46.0% during the 4th quarter. Bfsg LLC now owns 16,148 shares of the company’s stock valued at $131,000 after acquiring an additional 5,088 shares during the period. Institutional investors own 54.39% of the company’s stock.

About Paysafe

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.