SteelPeak Wealth LLC Invests $560,000 in Paysafe Limited (NYSE:PSFE)

SteelPeak Wealth LLC acquired a new position in Paysafe Limited (NYSE:PSFE) in the third quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor acquired 24,952 shares of the company’s stock, valued at approximately $560,000.

Other hedge funds and other institutional investors also recently modified their holdings of the company. CWM LLC lifted its stake in shares of Paysafe by 596.7% in the 2nd quarter. CWM LLC now owns 1,470 shares of the company’s stock valued at $26,000 after acquiring an additional 1,259 shares during the last quarter. Nisa Investment Advisors LLC raised its position in Paysafe by 2,613.0% during the 2nd quarter. Nisa Investment Advisors LLC now owns 2,089 shares of the company’s stock valued at $37,000 after purchasing an additional 2,012 shares during the last quarter. State of New Jersey Common Pension Fund D bought a new position in Paysafe during the 2nd quarter valued at approximately $222,000. SG Americas Securities LLC raised its position in Paysafe by 107.7% during the 3rd quarter. SG Americas Securities LLC now owns 13,149 shares of the company’s stock valued at $295,000 after purchasing an additional 6,817 shares during the last quarter. Finally, Sei Investments Co. bought a new position in Paysafe during the 2nd quarter valued at approximately $325,000. Institutional investors own 54.39% of the company’s stock.

Paysafe Stock Down 3.1 %

Shares of NYSE:PSFE opened at $21.24 on Friday. The company has a debt-to-equity ratio of 2.83, a quick ratio of 1.15 and a current ratio of 1.15. The firm has a market capitalization of $1.29 billion, a P/E ratio of -101.14, a P/E/G ratio of 0.55 and a beta of 1.92. The stock has a 50 day moving average price of $22.02 and a 200-day moving average price of $19.43. Paysafe Limited has a 52-week low of $9.26 and a 52-week high of $23.50.

Paysafe (NYSE:PSFE) last posted its quarterly earnings results on Tuesday, August 13th. The company reported $0.43 earnings per share for the quarter, missing the consensus estimate of $0.50 by ($0.07). The company had revenue of $439.92 million during the quarter, compared to analysts’ expectations of $428.40 million. Paysafe had a positive return on equity of 14.42% and a negative net margin of 0.78%. As a group, equities research analysts anticipate that Paysafe Limited will post 1.92 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of research firms have commented on PSFE. Bank of America upped their price target on Paysafe from $16.20 to $19.00 and gave the company an “underperform” rating in a research report on Tuesday, August 27th. Royal Bank of Canada upped their price target on Paysafe from $20.00 to $25.00 and gave the company a “sector perform” rating in a research report on Wednesday, August 14th. UBS Group upped their price target on Paysafe from $16.50 to $17.00 and gave the company a “sell” rating in a research report on Wednesday, August 14th. Finally, Susquehanna reissued a “neutral” rating and issued a $23.00 target price on shares of Paysafe in a research report on Tuesday, October 15th. Two equities research analysts have rated the stock with a sell rating, three have assigned a hold rating and one has issued a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average price target of $19.00.

Paysafe 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.