Paysafe (NYSE:PSFE) Given New $16.00 Price Target at Bank of America

Paysafe (NYSE:PSFE) had its target price cut by Bank of America from $18.00 to $16.00 in a research note issued to investors on Monday,Benzinga reports. The brokerage currently has an “underperform” rating on the stock. Bank of America‘s price objective would indicate a potential upside of 0.17% from the stock’s previous close.

Several other equities analysts also recently issued reports on PSFE. Royal Bank of Canada decreased their price objective on shares of Paysafe from $25.00 to $21.00 and set a “sector perform” rating on the stock in a report on Thursday, November 14th. Susquehanna lowered their price objective on Paysafe from $21.00 to $17.00 and set a “neutral” rating on the stock in a report on Wednesday, March 5th. Finally, UBS Group boosted their price objective on Paysafe from $17.00 to $17.50 and gave the stock a “sell” rating in a research note on Wednesday, February 12th.

Paysafe Price Performance

NYSE:PSFE opened at $15.97 on Monday. The stock has a market capitalization of $970.73 million, a PE ratio of -42.03, a price-to-earnings-growth ratio of 0.48 and a beta of 1.87. Paysafe has a 52 week low of $12.02 and a 52 week high of $26.25. The company has a quick ratio of 1.14, a current ratio of 1.14 and a debt-to-equity ratio of 2.76. The stock’s 50-day moving average price is $18.67 and its 200-day moving average price is $20.08.

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

Institutional Trading of Paysafe

Several large investors have recently bought and sold shares of the business. Topline Capital Management LLC acquired a new position in shares of Paysafe during the 4th quarter worth approximately $34,481,000. Dimensional Fund Advisors LP lifted its position in Paysafe by 4.3% during the fourth quarter. Dimensional Fund Advisors LP now owns 1,851,402 shares of the company’s stock worth $31,659,000 after buying an additional 75,677 shares in the last quarter. State Street Corp boosted its stake in Paysafe by 1.5% during the third quarter. State Street Corp now owns 1,427,043 shares of the company’s stock worth $32,009,000 after buying an additional 20,418 shares during the last quarter. Arrowstreet Capital Limited Partnership grew its holdings in Paysafe by 15.2% in the 4th quarter. Arrowstreet Capital Limited Partnership now owns 694,079 shares of the company’s stock valued at $11,869,000 after buying an additional 91,592 shares in the last quarter. Finally, Private Management Group Inc. acquired a new stake in shares of Paysafe in the 4th quarter worth $8,489,000. Hedge funds and other 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.