Paysafe Limited (NYSE:PSFE) Given Consensus Rating of “Hold” by Analysts

Paysafe Limited (NYSE:PSFEGet Rating) has received a consensus recommendation of “Hold” from the eight ratings firms that are currently covering the firm, MarketBeat.com reports. Two analysts have rated the stock with a sell recommendation, four have issued a hold recommendation and two have assigned a buy recommendation to the company. The average 12-month target price among brokers that have updated their coverage on the stock in the last year is $3.69.

PSFE has been the topic of a number of recent analyst reports. Susquehanna Bancshares lowered shares of Paysafe to a “neutral” rating and dropped their price target for the stock from $5.00 to $2.00 in a research note on Wednesday, August 31st. Susquehanna lowered shares of Paysafe from a “positive” rating to a “neutral” rating and dropped their price target for the stock from $5.00 to $2.00 in a research note on Wednesday, August 31st. Credit Suisse Group lowered shares of Paysafe from a “neutral” rating to an “underperform” rating and dropped their price target for the stock from $2.25 to $2.00 in a research note on Thursday, August 11th. Finally, Royal Bank of Canada lowered shares of Paysafe from an “outperform” rating to a “sector perform” rating and dropped their price target for the stock from $4.00 to $3.00 in a research note on Thursday, August 11th.

Paysafe Stock Down 4.6 %

Shares of Paysafe stock opened at $1.66 on Monday. Paysafe has a 52-week low of $1.52 and a 52-week high of $8.46. The company has a current ratio of 1.10, a quick ratio of 1.10 and a debt-to-equity ratio of 2.93. The company’s 50-day simple moving average is $1.92 and its 200-day simple moving average is $2.49.

Hedge Funds Weigh In On Paysafe

Institutional investors and hedge funds have recently modified their holdings of the company. Ieq Capital LLC purchased a new position in Paysafe during the second quarter worth approximately $28,000. Point72 Hong Kong Ltd purchased a new position in Paysafe during the second quarter worth approximately $29,000. Verition Fund Management LLC purchased a new position in Paysafe during the second quarter worth approximately $31,000. SOL Capital Management CO purchased a new position in Paysafe during the first quarter worth approximately $34,000. Finally, First Citizens Bank & Trust Co. purchased a new position in Paysafe during the first quarter worth approximately $34,000. Hedge funds and other institutional investors own 48.51% of the company’s stock.

Paysafe Company Profile

(Get Rating)

Paysafe Limited provides digital commerce solutions to online businesses, small and medium-sized business merchants, and consumers through its Paysafe Network worldwide. The company operates in two segments, US Acquiring and Digital Commerce. It provides PCI-compliant payment acceptance and transaction processing solutions for merchants and integrated service providers, including merchant acquiring, transaction processing, online solutions, fraud and risk management tools, data and analytics, and point of sale systems and merchant financing solutions under the Paysafe and Petroleum Card Services brands.

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Analyst Recommendations for Paysafe (NYSE:PSFE)

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