Paysafe (NYSE:PSFE) Price Target Lowered to $21.00 at Susquehanna

Paysafe (NYSE:PSFE) had its price objective cut by research analysts at Susquehanna from $23.00 to $21.00 in a report issued on Thursday,Benzinga reports. The firm currently has a “neutral” rating on the stock. Susquehanna’s price objective suggests a potential upside of 18.85% from the company’s previous close.

Other research analysts have also recently issued research reports about the stock. Royal Bank of Canada lifted their price target on shares of Paysafe from $20.00 to $25.00 and gave the stock a “sector perform” rating in a research note on Wednesday, August 14th. UBS Group lifted their target price on Paysafe from $16.50 to $17.00 and gave the company a “sell” rating in a research report on Wednesday, August 14th. Finally, Bank of America upped their price target on Paysafe from $16.20 to $19.00 and gave the stock an “underperform” rating in a research report on Tuesday, August 27th. Two investment analysts have rated the stock with a sell rating, three have assigned a hold rating and one has assigned a buy rating to the company’s stock. According to MarketBeat.com, Paysafe has an average rating of “Hold” and a consensus target price of $18.00.

Paysafe Trading Down 2.3 %

Paysafe stock opened at $17.67 on Thursday. Paysafe has a 52-week low of $10.05 and a 52-week high of $26.25. The company has a market cap of $1.07 billion, a P/E ratio of -46.50, a P/E/G ratio of 0.48 and a beta of 1.91. The company has a quick ratio of 1.15, a current ratio of 1.15 and a debt-to-equity ratio of 2.83. The business has a 50-day simple moving average of $22.03 and a two-hundred day simple moving average of $19.99.

Paysafe (NYSE:PSFE) last posted its quarterly earnings data on Tuesday, August 13th. The company reported $0.43 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.50 by ($0.07). Paysafe had a positive return on equity of 12.94% and a negative net margin of 1.38%. The business had revenue of $439.92 million during the quarter, compared to analysts’ expectations of $428.40 million. Analysts predict that Paysafe will post 1.92 EPS for the current year.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in PSFE. Gabelli Funds LLC grew its position in shares of Paysafe by 32.6% during the first quarter. Gabelli Funds LLC now owns 152,500 shares of the company’s stock valued at $2,408,000 after purchasing an additional 37,500 shares in the last quarter. Dimensional Fund Advisors LP grew its holdings in Paysafe by 24.8% during the 2nd quarter. Dimensional Fund Advisors LP now owns 1,633,280 shares of the company’s stock valued at $28,876,000 after buying an additional 324,207 shares in the last quarter. Renaissance Technologies LLC increased its stake in Paysafe by 31.8% in the 2nd quarter. Renaissance Technologies LLC now owns 204,287 shares of the company’s stock worth $3,612,000 after acquiring an additional 49,300 shares during the last quarter. Jacobs Levy Equity Management Inc. raised its holdings in shares of Paysafe by 39.1% during the 1st quarter. Jacobs Levy Equity Management Inc. now owns 302,765 shares of the company’s stock worth $4,781,000 after acquiring an additional 85,170 shares in the last quarter. Finally, AQR Capital Management LLC boosted its position in shares of Paysafe by 42.1% during the 2nd quarter. AQR Capital Management LLC now owns 87,605 shares of the company’s stock valued at $1,524,000 after acquiring an additional 25,953 shares during the last quarter. 54.39% of the stock is owned by hedge funds and other institutional investors.

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.