Susquehanna Lowers Paysafe (NYSE:PSFE) Price Target to $17.00

Paysafe (NYSE:PSFE) had its price objective reduced by stock analysts at Susquehanna from $21.00 to $17.00 in a research note issued to investors on Wednesday,Benzinga reports. The firm presently has a “neutral” rating on the stock. Susquehanna’s price objective indicates a potential upside of 8.41% from the stock’s current price.

A number of other research firms have also recently weighed in on PSFE. Royal Bank of Canada decreased their price objective on shares of Paysafe from $25.00 to $21.00 and set a “sector perform” rating for the company in a research report on Thursday, November 14th. UBS Group increased their price target on Paysafe from $17.00 to $17.50 and gave the company a “sell” rating in a report on Wednesday, February 12th.

Paysafe Stock Up 0.2 %

Shares of PSFE traded up $0.03 during midday trading on Wednesday, reaching $15.68. 100,952 shares of the company were exchanged, compared to its average volume of 352,137. Paysafe has a 1-year low of $11.94 and a 1-year high of $26.25. The stock has a 50-day moving average price of $18.76 and a 200-day moving average price of $20.18. The company has a current ratio of 1.14, a quick ratio of 1.14 and a debt-to-equity ratio of 2.76. The company has a market cap of $952.98 million, a price-to-earnings ratio of -41.27, a P/E/G ratio of 0.48 and a beta of 1.89.

Paysafe (NYSE:PSFE) last released its quarterly earnings results on Tuesday, March 4th. The company reported $0.43 EPS for the quarter, missing the consensus estimate of $0.60 by ($0.17). The company had revenue of $420.07 million for the quarter, compared to analyst estimates of $437.40 million. Paysafe had a positive return on equity of 12.92% and a negative net margin of 1.38%. Research analysts expect that Paysafe will post 1.87 earnings per share for the current year.

Institutional Investors Weigh In On Paysafe

Several hedge funds and other institutional investors have recently modified their holdings of PSFE. Spire Wealth Management bought a new position in Paysafe during the 4th quarter worth approximately $26,000. Bfsg LLC bought a new position in Paysafe during the fourth quarter worth $78,000. State of Wyoming boosted its holdings in Paysafe by 38.2% in the fourth quarter. State of Wyoming now owns 7,162 shares of the company’s stock worth $122,000 after purchasing an additional 1,980 shares during the period. Harvest Fund Management Co. Ltd bought a new stake in Paysafe during the third quarter valued at $176,000. Finally, Quantbot Technologies LP acquired a new stake in shares of Paysafe during the fourth quarter worth $169,000. Institutional investors own 54.39% of the company’s stock.

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.