Zacks Research Upgrades Paysafe (NYSE:PSFE) to Hold

Paysafe (NYSE:PSFE) was upgraded by investment analysts at Zacks Research from a “strong sell” rating to a “hold” rating in a research note issued to investors on Monday,Zacks.com reports.

A number of other research analysts have also weighed in on the company. Wall Street Zen raised Paysafe from a “hold” rating to a “buy” rating in a report on Saturday. Susquehanna restated a “neutral” rating and set a $10.00 target price (up from $9.00) on shares of Paysafe in a research report on Thursday, May 14th. BTIG Research upped their price target on shares of Paysafe from $10.00 to $12.00 and gave the stock a “buy” rating in a research note on Wednesday, May 13th. Royal Bank Of Canada reiterated a “sector perform” rating and issued a $11.00 price target (up from $9.00) on shares of Paysafe in a report on Thursday, May 14th. Finally, UBS Group reiterated a “sell” rating and issued a $7.50 price objective (up from $6.75) on shares of Paysafe in a research note on Thursday, May 14th. One research analyst has rated the stock with a Buy rating, three have given a Hold rating and two have given a Sell rating to the stock. According to MarketBeat, Paysafe has a consensus rating of “Reduce” and an average target price of $10.13.

Paysafe Price Performance

Shares of PSFE opened at $7.19 on Monday. The company has a current ratio of 1.16, a quick ratio of 1.16 and a debt-to-equity ratio of 4.03. The stock’s 50 day moving average is $7.96 and its two-hundred day moving average is $7.56. Paysafe has a twelve month low of $5.95 and a twelve month high of $15.02. The firm has a market capitalization of $371.32 million, a PE ratio of -2.04, a P/E/G ratio of 0.23 and a beta of 1.76.

Paysafe (NYSE:PSFE) last issued its earnings results on Thursday, May 14th. The company reported $0.41 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.40 by $0.01. The business had revenue of $442.72 million during the quarter, compared to the consensus estimate of $424.41 million. Paysafe had a positive return on equity of 11.32% and a negative net margin of 11.44%. Research analysts anticipate that Paysafe will post 1.6 earnings per share for the current year.

Insider Transactions at Paysafe

In related news, insider Richard Swales sold 18,849 shares of Paysafe stock in a transaction on Thursday, March 19th. The stock was sold at an average price of $6.87, for a total transaction of $129,492.63. Following the completion of the transaction, the insider directly owned 24,291 shares of the company’s stock, valued at approximately $166,879.17. The trade was a 43.69% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this link.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in PSFE. Bank of America Corp DE raised its stake in shares of Paysafe by 74.3% during the 1st quarter. Bank of America Corp DE now owns 65,947 shares of the company’s stock worth $449,000 after buying an additional 28,117 shares during the last quarter. Empowered Funds LLC grew its stake in Paysafe by 9.7% in the 1st quarter. Empowered Funds LLC now owns 212,954 shares of the company’s stock valued at $1,450,000 after acquiring an additional 18,863 shares during the last quarter. Quantinno Capital Management LP increased its holdings in Paysafe by 108.4% during the 1st quarter. Quantinno Capital Management LP now owns 241,617 shares of the company’s stock valued at $1,645,000 after acquiring an additional 125,652 shares in the last quarter. Whitebox Advisors LLC purchased a new position in Paysafe during the 1st quarter valued at about $819,000. Finally, Sei Investments Co. acquired a new position in Paysafe during the first quarter worth about $127,000. Hedge funds and other institutional investors own 54.39% of the company’s stock.

Paysafe Company Profile

Paysafe is a global payments provider that delivers a comprehensive suite of online and offline payment solutions. The company operates a diverse portfolio of products, including digital wallets under the Skrill and Neteller brands, prepaid voucher services through paysafecard, and integrated payment processing solutions for merchants. Paysafe’s platform is designed to serve a wide range of industries, from e-commerce and digital goods to gaming, financial services, and regulated verticals, offering tailored risk and compliance management alongside its core transaction capabilities.

Founded through a series of mergers and strategic acquisitions, Paysafe traces its origins to the launch of paysafecard in 2000 and the establishment of Optimal Payments in 1996.