Paysafe (NYSE:PSFE) Price Target Cut to $15.00 by Analysts at Susquehanna

Paysafe (NYSE:PSFE) had its target price lowered by Susquehanna from $17.00 to $15.00 in a research note published on Tuesday morning,Benzinga reports. The firm currently has a neutral rating on the stock.

Other equities research analysts have also issued research reports about the company. Bank of America cut their price target on Paysafe from $18.00 to $16.00 and set an “underperform” rating for the company in a research note on Monday, March 10th. UBS Group boosted their price target on Paysafe from $17.00 to $17.50 and gave the stock a “sell” rating in a report on Wednesday, February 12th.

Paysafe Stock Up 3.2 %

Shares of PSFE stock opened at $14.24 on Tuesday. The company has a 50 day simple moving average of $16.48 and a two-hundred day simple moving average of $18.55. The stock has a market cap of $865.59 million, a P/E ratio of -37.48, a P/E/G ratio of 0.48 and a beta of 1.91. Paysafe has a 12 month low of $13.01 and a 12 month high of $26.25. The company has a current ratio of 1.14, a quick ratio of 1.14 and a debt-to-equity ratio of 2.76.

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

Institutional Investors Weigh In On Paysafe

A number of hedge funds have recently bought and sold shares of the business. Spire Wealth Management purchased a new stake in shares of Paysafe during the 4th quarter valued at about $26,000. GAMMA Investing LLC boosted its holdings in shares of Paysafe by 10,940.7% in the 1st quarter. GAMMA Investing LLC now owns 2,981 shares of the company’s stock worth $47,000 after purchasing an additional 2,954 shares during the period. Bfsg LLC bought a new position in shares of Paysafe during the 4th quarter valued at approximately $78,000. State of Wyoming raised its holdings in Paysafe by 38.2% during the 4th quarter. State of Wyoming now owns 7,162 shares of the company’s stock valued at $122,000 after buying an additional 1,980 shares during the period. Finally, Quantbot Technologies LP purchased a new position in Paysafe during the fourth quarter worth $169,000. Hedge funds and other institutional investors own 54.39% of the company’s stock.

Paysafe Company Profile

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.