Paysafe (NYSE:PSFE) Cut to “Hold” at Wall Street Zen

Wall Street Zen lowered shares of Paysafe (NYSE:PSFE) from a buy rating to a hold rating in a report issued on Monday.

A number of other equities research analysts have also recently weighed in on PSFE. Royal Bank Of Canada restated a “sector perform” rating and issued a $11.00 price objective (up from $9.00) on shares of Paysafe in a report on Thursday, May 14th. Zacks Research lowered shares of Paysafe from a “hold” rating to a “strong sell” rating in a report on Wednesday, July 15th. Weiss Ratings cut Paysafe from a “sell (d)” rating to a “sell (d-)” rating in a research report on Thursday, May 14th. BTIG Research cut their price target on Paysafe from $12.00 to $11.00 and set a “buy” rating on the stock in a research note on Wednesday, July 29th. Finally, UBS Group reaffirmed a “sell” rating and set a $7.50 price objective (up from $6.75) on shares of Paysafe in a research report on Thursday, May 14th. One equities research analyst has rated the stock with a Buy rating, two have given a Hold rating and three have given a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Reduce” and a consensus target price of $9.88.

Paysafe Price Performance

PSFE opened at $8.03 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 company has a market cap of $414.99 million, a price-to-earnings ratio of -2.27 and a beta of 1.74. The stock has a fifty day simple moving average of $7.66 and a two-hundred day simple moving average of $7.50. Paysafe has a 12-month low of $5.95 and a 12-month high of $15.02.

Paysafe (NYSE:PSFE) last announced 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. The firm had revenue of $442.72 million for the quarter, compared to analysts’ expectations of $424.41 million. Paysafe had a negative net margin of 11.44% and a positive return on equity of 11.32%.

Insiders Place Their Bets

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

Institutional Investors Weigh In On Paysafe

A number of institutional investors have recently made changes to their positions in PSFE. Tower Research Capital LLC TRC increased its position in shares of Paysafe by 143.1% during the second quarter. Tower Research Capital LLC TRC now owns 5,548 shares of the company’s stock valued at $70,000 after acquiring an additional 3,266 shares in the last quarter. Quantbot Technologies LP bought a new position in Paysafe in the 2nd quarter valued at approximately $106,000. State of Alaska Department of Revenue purchased a new stake in Paysafe during the 4th quarter valued at $83,000. Engineers Gate Manager LP purchased a new stake in Paysafe during the 2nd quarter valued at $143,000. Finally, Mercer Global Advisors Inc. ADV bought a new stake in shares of Paysafe in the 4th quarter worth $93,000. 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.