Paysafe (NYSE:PSFE) Shares Up 0.3% – Here’s What Happened

Paysafe Limited (NYSE:PSFE)’s share price rose 0.3% during mid-day trading on Friday. The company traded as high as $5.80 and last traded at $5.7550. Approximately 244,572 shares changed hands during mid-day trading, a decline of 28% from the average session volume of 338,901 shares. The stock had previously closed at $5.74.

Wall Street Analyst Weigh In

A number of analysts have recently weighed in on the stock. UBS Group set a $7.00 price target on shares of Paysafe and gave the stock a “sell” rating in a research note on Friday, August 14th. Weiss Ratings reiterated a “sell (d-)” rating on shares of Paysafe in a report on Tuesday, August 11th. Royal Bank Of Canada set a $9.00 price target on Paysafe and gave the company a “sector perform” rating in a report on Friday, August 14th. Zacks Research downgraded Paysafe from a “hold” rating to a “strong sell” rating in a report on Wednesday, July 15th. Finally, Susquehanna set a $7.00 price objective on Paysafe and gave the stock a “neutral” rating in a research report on Wednesday, August 12th. One analyst has rated the stock with a Buy rating, two have assigned a Hold rating and three have given a Sell rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Reduce” and an average target price of $8.50.

Paysafe Stock Up 0.3%

The stock has a market capitalization of $297.42 million, a P/E ratio of -1.51 and a beta of 1.78. The firm’s fifty day moving average is $6.53 and its 200-day moving average is $7.35. The company has a current ratio of 1.17, a quick ratio of 1.17 and a debt-to-equity ratio of 4.38.

Paysafe (NYSE:PSFE) last released its quarterly earnings results on Thursday, August 13th. The company reported $0.43 EPS for the quarter, topping analysts’ consensus estimates of $0.39 by $0.04. Paysafe had a positive return on equity of 10.31% and a negative net margin of 11.82%. The business had revenue of $447.44 million for the quarter, compared to analyst estimates of $446.85 million. Paysafe has set its FY 2026 guidance at 1.900-2.030 EPS.

Insider Activity at Paysafe

In related news, insider Richard Swales sold 10,000 shares of the firm’s stock in a transaction that occurred on Friday, August 14th. The shares were sold at an average price of $6.58, for a total value of $65,800.00. Following the completion of the sale, the insider owned 34,456 shares of the company’s stock, valued at $226,720.48. This trade represents a 22.49% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website.

Hedge Funds Weigh In On Paysafe

Hedge funds and other institutional investors have recently bought and sold shares of the business. Palogic Value Management L.P. bought a new position in shares of Paysafe during the second quarter worth $374,000. Engineers Gate Manager LP acquired a new stake in shares of Paysafe in the second quarter valued at approximately $98,000. Public Employees Retirement System of Ohio acquired a new position in shares of Paysafe during the 2nd quarter worth about $350,000. Bank of America Corp DE boosted its position in Paysafe by 74.3% during the first quarter. Bank of America Corp DE now owns 65,947 shares of the company’s stock valued at $449,000 after purchasing an additional 28,117 shares during the last quarter. Finally, Empowered Funds LLC grew its stake in shares of Paysafe by 9.7% in the first quarter. Empowered Funds LLC now owns 212,954 shares of the company’s stock valued at $1,450,000 after buying an additional 18,863 shares in the last quarter. 54.39% of the stock is owned by institutional investors.

About Paysafe

Paysafe Limited is a specialized payments platform that provides digital commerce and payment solutions for businesses and consumers. Its services include payment processing, online cash solutions, digital wallets, and related technologies that enable customers to pay, receive funds, and manage transactions across online and physical channels.

The company’s consumer-facing brands include Skrill, a digital wallet and money-transfer service; Neteller, a digital payments platform; and paysafecard, a prepaid cash-based payment method.