Counterpoint Mutual Funds LLC Has $403,000 Holdings in Paysafe Limited (NYSE:PSFE)

Counterpoint Mutual Funds LLC increased its holdings in Paysafe Limited (NYSE:PSFE) by 83.2% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 23,587 shares of the company’s stock after acquiring an additional 10,710 shares during the period. Counterpoint Mutual Funds LLC’s holdings in Paysafe were worth $403,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently made changes to their positions in PSFE. Principal Financial Group Inc. acquired a new stake in shares of Paysafe in the 3rd quarter worth about $764,000. Oppenheimer Asset Management Inc. bought a new stake in Paysafe in the 3rd quarter worth about $225,000. Empowered Funds LLC grew its position in Paysafe by 5.3% in the 3rd quarter. Empowered Funds LLC now owns 238,448 shares of the company’s stock worth $5,348,000 after purchasing an additional 12,060 shares in the last quarter. Foundry Partners LLC bought a new stake in Paysafe in the 3rd quarter worth about $5,450,000. Finally, Harvest Fund Management Co. Ltd bought a new stake in Paysafe in the 3rd quarter worth about $176,000. Institutional investors and hedge funds own 54.39% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts have issued reports on PSFE shares. UBS Group upped their price objective on shares of Paysafe from $17.00 to $17.50 and gave the stock a “sell” rating in a research report on Wednesday, February 12th. Susquehanna reduced their price objective on shares of Paysafe from $21.00 to $17.00 and set a “neutral” rating for the company in a research report on Wednesday, March 5th. Finally, Bank of America reduced their price objective on shares of Paysafe from $18.00 to $16.00 and set an “underperform” rating for the company in a research report on Monday, March 10th.

Paysafe Stock Up 3.9 %

Paysafe stock opened at $16.42 on Tuesday. Paysafe Limited has a twelve month low of $13.11 and a twelve month high of $26.25. The firm has a 50 day moving average price of $18.43 and a 200-day moving average price of $19.80. The company has a market capitalization of $997.95 million, a P/E ratio of -43.21, a P/E/G ratio of 0.48 and a beta of 1.87. The company has a quick ratio of 1.14, a current ratio of 1.14 and a debt-to-equity ratio of 2.76.

Paysafe (NYSE:PSFE) last released its earnings results on Thursday, March 6th. The company reported $0.43 earnings per share for the quarter, missing analysts’ consensus estimates of $0.60 by ($0.17). Paysafe had a negative net margin of 1.38% and a positive return on equity of 12.92%. The company had revenue of $420.07 million for the quarter, compared to the consensus estimate of $437.40 million. As a group, equities analysts predict that Paysafe Limited will post 1.87 EPS for the current year.

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.