Paysafe (NYSE:PSFE) PT Lowered to $13.70

Paysafe (NYSE:PSFE – Get Rating) had its target price lowered by Bank of America from $17.00 to $13.70 in a research note published on Tuesday morning, The Fly reports.

A number of other equities research analysts have also recently commented on the company. Susquehanna restated a neutral rating and set a $24.00 target price on shares of Paysafe in a research report on Friday, March 10th. BMO Capital Markets reduced their price target on shares of Paysafe from $84.00 to $80.00 and set an outperform rating on the stock in a research report on Friday, March 10th. Royal Bank of Canada reduced their price target on shares of Paysafe from $36.00 to $17.00 in a research report on Wednesday, May 17th. Finally, Credit Suisse Group lifted their target price on shares of Paysafe from $18.60 to $19.00 and gave the company an underperform rating in a report on Friday, March 10th. One research analyst has rated the stock with a sell rating, three have given a hold rating and one has issued a buy rating to the company. According to data from MarketBeat, the company has a consensus rating of Hold and a consensus target price of $29.62.

Paysafe Stock Performance

Shares of PSFE stock opened at $11.05 on Tuesday. The firm has a market capitalization of $671.73 million, a price-to-earnings ratio of -1.00, a price-to-earnings-growth ratio of 1.40 and a beta of 1.84. The company has a debt-to-equity ratio of 2.99, a current ratio of 1.10 and a quick ratio of 1.10. The business has a fifty day moving average of $15.01 and a 200 day moving average of $16.96. Paysafe has a 1 year low of $10.91 and a 1 year high of $34.50.

Paysafe (NYSE:PSFE – Get Rating) last announced its quarterly earnings results on Tuesday, May 16th. The company reported $0.54 earnings per share for the quarter, topping the consensus estimate of $0.08 by $0.46. The company had revenue of $387.80 million for the quarter, compared to the consensus estimate of $377.60 million. Paysafe had a positive return on equity of 15.32% and a negative net margin of 44.06%. The firm’s revenue for the quarter was up 5.5% compared to the same quarter last year. During the same period last year, the firm earned $0.60 EPS. As a group, research analysts expect that Paysafe will post 0.65 earnings per share for the current year.

Hedge Funds Weigh In On Paysafe

Institutional investors and hedge funds have recently modified their holdings of the company. Cubist Systematic Strategies LLC raised its holdings in shares of Paysafe by 2.6% in the first quarter. Cubist Systematic Strategies LLC now owns 56,167 shares of the company’s stock valued at $970,000 after buying an additional 1,448 shares during the last quarter. CWM LLC grew its position in Paysafe by 528.8% during the fourth quarter. CWM LLC now owns 1,767 shares of the company’s stock worth $25,000 after buying an additional 1,486 shares during the period. Rhumbline Advisers grew its position in shares of Paysafe by 4.7% in the first quarter. Rhumbline Advisers now owns 44,819 shares of the company’s stock valued at $774,000 after purchasing an additional 1,995 shares during the last quarter. Ameritas Investment Partners Inc. acquired a new stake in shares of Paysafe in the first quarter valued at approximately $37,000. Finally, Bank of New York Mellon Corp lifted its stake in shares of Paysafe by 2.4% during the first quarter. Bank of New York Mellon Corp now owns 91,674 shares of the company’s stock valued at $1,583,000 after buying an additional 2,164 shares during the period. Institutional investors and hedge funds own 47.72% 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.