Paysafe (NYSE:PSFE) Trading Up 3.7% – Should You Buy?

Paysafe Limited (NYSE:PSFE) shares were up 3.7% during mid-day trading on Thursday . The company traded as high as $15.60 and last traded at $15.78. Approximately 14,651 shares changed hands during mid-day trading, a decline of 96% from the average daily volume of 371,513 shares. The stock had previously closed at $15.21.

Analyst Upgrades and Downgrades

PSFE has been the topic of a number of research analyst reports. Bank of America decreased their price target on Paysafe from $18.00 to $16.00 and set an “underperform” rating on the stock in a research report on Monday, March 10th. Susquehanna decreased their price objective on Paysafe from $21.00 to $17.00 and set a “neutral” rating on the stock in a research report on Wednesday, March 5th. Finally, UBS Group increased their price objective on Paysafe from $17.00 to $17.50 and gave the company a “sell” rating in a research report on Wednesday, February 12th.

Paysafe Price Performance

The company has a debt-to-equity ratio of 2.76, a quick ratio of 1.14 and a current ratio of 1.14. The firm has a market capitalization of $959.79 million, a P/E ratio of -41.56, a price-to-earnings-growth ratio of 0.48 and a beta of 1.87. The company has a 50-day moving average price of $18.45 and a 200-day moving average price of $19.87.

Paysafe (NYSE:PSFE) last posted 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 during the quarter, compared to the consensus estimate of $437.40 million. Paysafe had a positive return on equity of 12.92% and a negative net margin of 1.38%. On average, sell-side analysts predict that Paysafe Limited will post 1.87 earnings per share for the current year.

Institutional Trading of Paysafe

Hedge funds have recently added to or reduced their stakes in the business. Private Management Group Inc. acquired a new stake in Paysafe during the 4th quarter worth $8,489,000. Principal Financial Group Inc. acquired a new stake in shares of Paysafe in the 3rd quarter valued at about $764,000. Foundry Partners LLC acquired a new stake in shares of Paysafe in the 3rd quarter valued at about $5,450,000. Barclays PLC raised its stake in shares of Paysafe by 273.6% in the 3rd quarter. Barclays PLC now owns 42,167 shares of the company’s stock valued at $946,000 after purchasing an additional 30,881 shares during the period. Finally, SG Americas Securities LLC raised its stake in shares of Paysafe by 5.7% in the 4th quarter. SG Americas Securities LLC now owns 13,903 shares of the company’s stock valued at $238,000 after purchasing an additional 754 shares during the period. Institutional investors and hedge funds own 54.39% of the company’s stock.

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.