Paysafe (NYSE:PSFE) Stock Rating Lowered by Zacks Research

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

PSFE has been the subject of several other reports. BTIG Research lifted their price target on Paysafe from $10.00 to $12.00 and gave the company a “buy” rating in a report on Wednesday, May 13th. Susquehanna reaffirmed a “neutral” rating and set a $10.00 price objective (up from $9.00) on shares of Paysafe in a research report on Thursday, May 14th. Royal Bank Of Canada reaffirmed a “sector perform” rating and set a $11.00 price objective (up from $9.00) on shares of Paysafe in a research report on Thursday, May 14th. UBS Group reiterated a “sell” rating and issued a $7.50 target price (up from $6.75) on shares of Paysafe in a research note on Thursday, May 14th. Finally, Wall Street Zen raised shares of Paysafe from a “hold” rating to a “buy” rating in a research report on Saturday, June 13th. One equities research analyst has rated the stock with a Buy rating, two have issued a Hold rating and three have issued a Sell rating to the stock. Based on data from MarketBeat, Paysafe has an average rating of “Reduce” and a consensus price target of $10.12.

Paysafe Price Performance

Shares of NYSE:PSFE opened at $8.44 on Wednesday. The firm has a market cap of $436.39 million, a price-to-earnings ratio of -2.39, a P/E/G ratio of 0.52 and a beta of 1.74. Paysafe has a 1 year low of $5.95 and a 1 year high of $15.02. 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 business has a fifty day simple moving average of $7.59 and a 200 day simple moving average of $7.49.

Paysafe (NYSE:PSFE) last issued its earnings results on Thursday, May 14th. The company reported $0.41 EPS for the quarter, beating analysts’ consensus estimates of $0.40 by $0.01. Paysafe had a positive return on equity of 11.32% and a negative net margin of 11.44%.The firm had revenue of $442.72 million for the quarter, compared to the consensus estimate of $424.41 million. As a group, sell-side analysts predict that Paysafe will post 1.1 earnings per share for the current fiscal year.

Insider Activity

In other news, insider Richard Swales sold 10,000 shares of the company’s stock in a transaction dated Friday, May 15th. The stock was sold at an average price of $7.69, for a total transaction of $76,900.00. Following the completion of the sale, the insider owned 44,456 shares in the company, valued at approximately $341,866.64. This represents a 18.36% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the stock. Geode Capital Management LLC lifted its holdings in Paysafe by 1.8% in the 2nd quarter. Geode Capital Management LLC now owns 399,449 shares of the company’s stock worth $5,041,000 after purchasing an additional 7,155 shares during the last quarter. Quantbot Technologies LP acquired a new position in Paysafe during the second quarter valued at approximately $106,000. Arrowstreet Capital Limited Partnership grew its holdings in Paysafe by 10.4% during the second quarter. Arrowstreet Capital Limited Partnership now owns 393,291 shares of the company’s stock valued at $4,963,000 after purchasing an additional 36,994 shares during the last quarter. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main raised its position in shares of Paysafe by 24.2% in the second quarter. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main now owns 44,872 shares of the company’s stock valued at $566,000 after purchasing an additional 8,729 shares during the period. Finally, Ameriprise Financial Inc. raised its position in shares of Paysafe by 18.8% in the second quarter. Ameriprise Financial Inc. now owns 182,237 shares of the company’s stock valued at $2,300,000 after purchasing an additional 28,812 shares during the period. 54.39% of the stock is owned by institutional investors.

About Paysafe

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.