Paysafe Limited (NYSE:PSFE) Receives $20.83 Consensus Target Price from Brokerages

Paysafe Limited (NYSE:PSFE) has been given a consensus recommendation of “Reduce” by the eight brokerages that are presently covering the stock, Marketbeat Ratings reports. Three research analysts have rated the stock with a sell rating, three have issued a hold rating and two have assigned a buy rating to the company. The average 12-month price target among brokerages that have covered the stock in the last year is $20.83.

PSFE has been the subject of several recent research reports. Bank of America upped their price target on Paysafe from $13.40 to $14.60 and gave the stock an “underperform” rating in a report on Monday, April 15th. BTIG Research started coverage on shares of Paysafe in a report on Wednesday, January 17th. They set a “buy” rating and a $19.00 price target on the stock.

Institutional Trading of Paysafe

Several hedge funds have recently made changes to their positions in the company. SG Americas Securities LLC purchased a new stake in Paysafe in the 3rd quarter worth about $119,000. Corton Capital Inc. lifted its stake in shares of Paysafe by 27.7% during the 3rd quarter. Corton Capital Inc. now owns 17,043 shares of the company’s stock valued at $204,000 after buying an additional 3,692 shares in the last quarter. New York State Common Retirement Fund boosted its holdings in Paysafe by 21.4% in the 4th quarter. New York State Common Retirement Fund now owns 17,106 shares of the company’s stock worth $219,000 after buying an additional 3,016 shares during the period. Dark Forest Capital Management LP bought a new stake in Paysafe during the 3rd quarter valued at $311,000. Finally, Jump Financial LLC purchased a new stake in shares of Paysafe during the third quarter worth $361,000. 54.39% of the stock is currently owned by institutional investors.

Paysafe Price Performance

Shares of NYSE:PSFE opened at $14.46 on Monday. The stock’s 50 day moving average is $14.55 and its 200-day moving average is $13.00. Paysafe has a twelve month low of $9.25 and a twelve month high of $17.18. 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 firm has a market capitalization of $879.02 million, a price-to-earnings ratio of -43.82, a PEG ratio of 0.36 and a beta of 1.86.

Paysafe (NYSE:PSFE) last issued its quarterly earnings data 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. Paysafe had a negative net margin of 1.26% and a positive return on equity of 15.85%. The firm had revenue of $414.50 million during the quarter, compared to analysts’ expectations of $414.52 million. During the same period last year, the company earned $0.54 earnings per share. The business’s revenue was up 8.1% on a year-over-year basis. Sell-side analysts forecast that Paysafe will post 2.05 EPS for the current fiscal year.

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.