Paysafe (NYSE:PSFE) Shares Gap Down to $1.37

Paysafe Limited (NYSE:PSFEGet Rating)’s share price gapped down prior to trading on Tuesday . The stock had previously closed at $1.37, but opened at $1.33. Paysafe shares last traded at $1.31, with a volume of 11,027 shares changing hands.

Analyst Upgrades and Downgrades

A number of research firms have issued reports on PSFE. Susquehanna Bancshares downgraded Paysafe to a “neutral” rating and lowered their price target for the company from $5.00 to $2.00 in a research report on Wednesday, August 31st. Credit Suisse Group downgraded Paysafe from a “neutral” rating to an “underperform” rating and lowered their price target for the company from $2.25 to $2.00 in a research report on Thursday, August 11th. Royal Bank of Canada downgraded Paysafe from an “outperform” rating to a “sector perform” rating and lowered their price target for the company from $4.00 to $3.00 in a research report on Thursday, August 11th. Finally, Susquehanna downgraded Paysafe from a “positive” rating to a “neutral” rating and lowered their price target for the company from $5.00 to $2.00 in a research report on Wednesday, August 31st. Two investment analysts have rated the stock with a sell rating, three have assigned a hold rating and two have issued a buy rating to the stock. According to MarketBeat, Paysafe presently has a consensus rating of “Hold” and a consensus price target of $3.57.

Paysafe Stock Up 0.7 %

The company has a 50-day moving average price of $1.45 and a two-hundred day moving average price of $1.91. The company has a quick ratio of 1.06, a current ratio of 1.06 and a debt-to-equity ratio of 2.92.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the business. BlackRock Inc. raised its stake in Paysafe by 6.7% during the 3rd quarter. BlackRock Inc. now owns 19,512,764 shares of the company’s stock valued at $26,929,000 after acquiring an additional 1,233,225 shares in the last quarter. State Street Corp raised its stake in Paysafe by 4.4% during the 3rd quarter. State Street Corp now owns 8,178,811 shares of the company’s stock valued at $11,287,000 after acquiring an additional 345,681 shares in the last quarter. Renaissance Technologies LLC raised its stake in Paysafe by 20.7% during the 3rd quarter. Renaissance Technologies LLC now owns 4,022,400 shares of the company’s stock valued at $5,551,000 after acquiring an additional 688,700 shares in the last quarter. Northern Trust Corp raised its stake in Paysafe by 282.4% during the 2nd quarter. Northern Trust Corp now owns 2,293,173 shares of the company’s stock valued at $4,471,000 after acquiring an additional 1,693,426 shares in the last quarter. Finally, Goldman Sachs Group Inc. raised its stake in Paysafe by 59.3% during the 1st quarter. Goldman Sachs Group Inc. now owns 1,973,500 shares of the company’s stock valued at $6,690,000 after acquiring an additional 734,708 shares in the last quarter. Hedge funds and other institutional investors own 48.51% of the company’s stock.

About Paysafe

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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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