Paysafe (NYSE:PSFE) Given New $17.00 Price Target at Susquehanna

Paysafe (NYSE:PSFE) had its target price trimmed by Susquehanna from $21.00 to $17.00 in a research report sent to investors on Wednesday morning,Benzinga reports. The firm currently has a neutral rating on the stock.

A number of other research firms also recently weighed in on PSFE. Royal Bank of Canada decreased their price objective on Paysafe from $25.00 to $21.00 and set a “sector perform” rating for the company in a report on Thursday, November 14th. UBS Group increased their price objective on Paysafe from $17.00 to $17.50 and gave the company a “sell” rating in a report on Wednesday, February 12th.

Paysafe Stock Up 3.7 %

Shares of NYSE:PSFE opened at $16.23 on Wednesday. The company has a fifty day moving average of $18.74 and a 200-day moving average of $20.16. The company has a market capitalization of $986.22 million, a PE ratio of -42.71, a price-to-earnings-growth ratio of 0.48 and a beta of 1.89. The company has a debt-to-equity ratio of 2.76, a quick ratio of 1.14 and a current ratio of 1.14. Paysafe has a 52-week low of $11.94 and a 52-week high of $26.25.

Paysafe (NYSE:PSFE) last announced its quarterly earnings results on Thursday, March 6th. The company reported $0.43 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.60 by ($0.17). The company had revenue of $420.07 million for 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 will post 1.87 EPS for the current fiscal year.

Institutional Trading of Paysafe

A number of institutional investors have recently bought and sold shares of PSFE. Spire Wealth Management bought a new stake in Paysafe during the fourth quarter valued at $26,000. Bfsg LLC bought a new stake in Paysafe during the fourth quarter valued at $78,000. State of Wyoming boosted its position in Paysafe by 38.2% during the fourth quarter. State of Wyoming now owns 7,162 shares of the company’s stock valued at $122,000 after acquiring an additional 1,980 shares during the last quarter. Quantbot Technologies LP bought a new stake in Paysafe during the fourth quarter valued at $169,000. Finally, Harvest Fund Management Co. Ltd bought a new stake in Paysafe during the third quarter valued at $176,000. Institutional investors own 54.39% of the company’s stock.

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.