Paysafe (NYSE:PSFE) Reaches New 12-Month Low – Here’s What Happened

Paysafe Limited (NYSE:PSFE)’s stock price hit a new 52-week low on Wednesday . The stock traded as low as $12.34 and last traded at $12.40, with a volume of 457726 shares traded. The stock had previously closed at $12.70.

Analysts Set New Price Targets

Several brokerages recently commented on PSFE. Bank of America raised Paysafe from an “underperform” rating to a “neutral” rating and set a $14.30 price target on the stock in a research note on Friday, May 16th. Susquehanna dropped their target price on Paysafe from $17.00 to $15.00 and set a “neutral” rating for the company in a research report on Tuesday, April 22nd. Finally, UBS Group raised their price objective 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.

Paysafe Trading Up 2.0%

The company has a current ratio of 1.14, a quick ratio of 1.14 and a debt-to-equity ratio of 2.76. The company has a market capitalization of $718.06 million, a price-to-earnings ratio of -31.55, a P/E/G ratio of 0.48 and a beta of 1.90. The business’s 50 day moving average price is $14.98 and its two-hundred day moving average price is $17.42.

Paysafe (NYSE:PSFE) last posted its quarterly earnings data on Thursday, March 6th. The company reported $0.43 EPS for the quarter, missing analysts’ consensus estimates of $0.60 by ($0.17). The company had revenue of $420.07 million during the quarter, compared to analyst estimates 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 predict that Paysafe Limited will post 1.87 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Paysafe

A number of hedge funds have recently made changes to their positions in PSFE. Spire Wealth Management purchased a new stake in shares of Paysafe during the 4th quarter valued at approximately $26,000. GAMMA Investing LLC grew its position in shares of Paysafe by 10,940.7% during the 1st quarter. GAMMA Investing LLC now owns 2,981 shares of the company’s stock valued at $47,000 after purchasing an additional 2,954 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. increased its holdings in shares of Paysafe by 1,385.5% in the first quarter. Mirae Asset Global Investments Co. Ltd. now owns 3,075 shares of the company’s stock worth $48,000 after purchasing an additional 2,868 shares during the period. Bfsg LLC bought a new position in shares of Paysafe in the fourth quarter worth $78,000. Finally, State of Wyoming raised its position in shares of Paysafe by 38.2% in the fourth quarter. State of Wyoming now owns 7,162 shares of the company’s stock worth $122,000 after buying an additional 1,980 shares in the last quarter. 54.39% of the stock is currently owned by institutional investors.

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.