Paysafe (NYSE:PSFE) PT Raised to $14.60

Paysafe (NYSE:PSFE) had its target price upped by Bank of America from $13.40 to $14.60 in a research note issued to investors on Monday morning, Benzinga reports. They currently have an underperform rating on the stock.

Separately, BTIG Research started coverage on shares of Paysafe in a research note on Wednesday, January 17th. They issued a buy rating and a $19.00 price objective for the company. Three research analysts have rated the stock with a sell rating, three have given a hold rating and two have given a buy rating to the company’s stock. According to MarketBeat, Paysafe presently has a consensus rating of Hold and an average price target of $20.83.

Paysafe Price Performance

NYSE PSFE opened at $14.33 on Monday. The company has a quick ratio of 1.11, a current ratio of 1.11 and a debt-to-equity ratio of 2.82. The stock has a market capitalization of $871.12 million, a PE ratio of -43.42, a price-to-earnings-growth ratio of 0.37 and a beta of 1.86. The company has a 50 day moving average price of $14.46 and a two-hundred day moving average price of $12.83. Paysafe has a 12-month low of $9.25 and a 12-month high of $17.18.

Paysafe (NYSE:PSFE) last posted its earnings results on Thursday, March 7th. The company reported $0.66 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.63 by $0.03. The firm had revenue of $414.50 million during the quarter, compared to analysts’ expectations of $414.52 million. Paysafe had a negative net margin of 1.26% and a positive return on equity of 15.85%. The company’s revenue was up 8.1% compared to the same quarter last year. During the same period in the previous year, the company earned $0.54 earnings per share. As a group, equities analysts predict that Paysafe will post 2.05 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Paysafe

Institutional investors and hedge funds have recently bought and sold shares of the stock. Meeder Asset Management Inc. increased its position in Paysafe by 2,225.2% during the fourth quarter. Meeder Asset Management Inc. now owns 2,581 shares of the company’s stock worth $36,000 after acquiring an additional 2,470 shares during the period. Tower Research Capital LLC TRC increased its position in Paysafe by 42.6% during the third quarter. Tower Research Capital LLC TRC now owns 3,180 shares of the company’s stock worth $38,000 after acquiring an additional 950 shares during the period. Royal Bank of Canada increased its position in Paysafe by 16.0% during the second quarter. Royal Bank of Canada now owns 8,739 shares of the company’s stock worth $88,000 after acquiring an additional 1,207 shares during the period. SG Americas Securities LLC bought a new position in Paysafe during the third quarter worth $119,000. Finally, Engineers Gate Manager LP bought a new position in Paysafe during the fourth quarter worth $146,000. Institutional investors 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.