Optimize Financial Inc Invests $258,000 in Paysafe Limited (NYSE:PSFE)

Optimize Financial Inc bought a new stake in shares of Paysafe Limited (NYSE:PSFE) during the 4th quarter, HoldingsChannel reports. The institutional investor bought 15,068 shares of the company’s stock, valued at approximately $258,000.

Several other large investors have also added to or reduced their stakes in PSFE. Raymond James Financial Inc. acquired a new position in Paysafe in the fourth quarter valued at approximately $1,944,000. Renaissance Technologies LLC increased its stake in shares of Paysafe by 10.4% in the 4th quarter. Renaissance Technologies LLC now owns 280,889 shares of the company’s stock valued at $4,803,000 after acquiring an additional 26,400 shares in the last quarter. Invesco Ltd. lifted its position in shares of Paysafe by 2.2% during the 4th quarter. Invesco Ltd. now owns 95,381 shares of the company’s stock valued at $1,631,000 after acquiring an additional 2,050 shares during the period. Polymer Capital Management US LLC bought a new position in Paysafe during the fourth quarter worth $381,000. Finally, Dynamic Technology Lab Private Ltd acquired a new stake in Paysafe in the fourth quarter worth $240,000. Institutional investors and hedge funds own 54.39% of the company’s stock.

Analysts Set New Price Targets

Several brokerages have recently weighed in on PSFE. UBS Group upped their price objective on shares of Paysafe from $17.00 to $17.50 and gave the company a “sell” rating in a report on Wednesday, February 12th. Bank of America dropped their price target on Paysafe from $18.00 to $16.00 and set an “underperform” rating on the stock in a research note on Monday, March 10th. Finally, Susquehanna reduced their price objective on Paysafe from $21.00 to $17.00 and set a “neutral” rating for the company in a research note on Wednesday, March 5th.

Paysafe Stock Up 3.6 %

Shares of NYSE PSFE opened at $14.69 on Friday. The company has a debt-to-equity ratio of 2.76, a current ratio of 1.14 and a quick ratio of 1.14. The company has a 50-day moving average price of $17.40 and a 200-day moving average price of $18.91. The stock has a market capitalization of $893.00 million, a P/E ratio of -38.67, a P/E/G ratio of 0.48 and a beta of 1.91. Paysafe Limited has a 1 year low of $13.01 and a 1 year high of $26.25.

Paysafe (NYSE:PSFE) last released its quarterly earnings results on Thursday, March 6th. The company reported $0.43 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates 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 negative net margin of 1.38% and a positive return on equity of 12.92%. On average, equities research analysts forecast that Paysafe Limited will post 1.87 EPS for the current fiscal year.

Paysafe Company Profile

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.