Paysafe (NYSE:PSFE) Upgraded at Wall Street Zen

Wall Street Zen upgraded shares of Paysafe (NYSE:PSFE) from a hold rating to a buy rating in a report released on Saturday.

Several other equities research analysts have also issued reports on the stock. UBS Group dropped their target price on shares of Paysafe from $7.00 to $6.75 and set a “sell” rating for the company in a research report on Wednesday, March 4th. Royal Bank Of Canada dropped their target price on shares of Paysafe from $10.00 to $9.00 and set a “sector perform” rating for the company in a research report on Wednesday, March 4th. BTIG Research dropped their target price on shares of Paysafe from $11.00 to $10.00 and set a “buy” rating for the company in a research report on Tuesday, March 3rd. Weiss Ratings reiterated a “sell (d-)” rating on shares of Paysafe in a research report on Thursday, January 22nd. Finally, Zacks Research upgraded shares of Paysafe from a “strong sell” rating to a “hold” rating in a research report on Friday, January 23rd. One investment analyst has rated the stock with a Buy rating, four have assigned a Hold rating and two have issued a Sell rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Reduce” and a consensus price target of $9.81.

Paysafe Trading Up 6.9%

Shares of Paysafe stock opened at $7.91 on Friday. Paysafe has a 1 year low of $5.95 and a 1 year high of $16.49. The firm has a market cap of $408.94 million, a PE ratio of -2.51, a PEG ratio of 0.24 and a beta of 1.66. The company has a debt-to-equity ratio of 3.98, a current ratio of 1.24 and a quick ratio of 1.24. The company has a 50 day simple moving average of $6.85 and a two-hundred day simple moving average of $8.40.

Paysafe (NYSE:PSFE) last announced its earnings results on Saturday, February 14th. The company reported $0.46 earnings per share (EPS) for the quarter. Paysafe had a negative net margin of 10.73% and a positive return on equity of 11.55%. The business had revenue of $438.36 million during the quarter. Analysts expect that Paysafe will post 1.87 earnings per share for the current fiscal year.

Insider Buying and Selling at Paysafe

In other news, insider Richard Swales sold 18,849 shares of the business’s stock in a transaction that occurred on Thursday, March 19th. The shares were sold at an average price of $6.87, for a total value of $129,492.63. Following the completion of the sale, the insider directly owned 24,291 shares in the company, valued at approximately $166,879.17. The trade was a 43.69% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink.

Institutional Investors Weigh In On Paysafe

A number of hedge funds have recently made changes to their positions in the business. Campbell & CO Investment Adviser LLC lifted its holdings in shares of Paysafe by 9.4% in the 3rd quarter. Campbell & CO Investment Adviser LLC now owns 19,834 shares of the company’s stock worth $256,000 after acquiring an additional 1,701 shares during the last quarter. Greenwich Wealth Management LLC lifted its holdings in shares of Paysafe by 6.9% in the 4th quarter. Greenwich Wealth Management LLC now owns 30,473 shares of the company’s stock worth $247,000 after acquiring an additional 1,960 shares during the last quarter. Strs Ohio lifted its holdings in shares of Paysafe by 8.7% in the 3rd quarter. Strs Ohio now owns 27,500 shares of the company’s stock worth $355,000 after acquiring an additional 2,200 shares during the last quarter. Two Sigma Investments LP lifted its holdings in shares of Paysafe by 4.7% in the 3rd quarter. Two Sigma Investments LP now owns 69,940 shares of the company’s stock worth $904,000 after acquiring an additional 3,135 shares during the last quarter. Finally, Tower Research Capital LLC TRC lifted its holdings in shares of Paysafe by 143.1% in the 2nd quarter. Tower Research Capital LLC TRC now owns 5,548 shares of the company’s stock worth $70,000 after acquiring an additional 3,266 shares during the last quarter. 54.39% of the stock is currently owned by institutional investors.

Paysafe Company Profile

Paysafe is a global payments provider that delivers a comprehensive suite of online and offline payment solutions. The company operates a diverse portfolio of products, including digital wallets under the Skrill and Neteller brands, prepaid voucher services through paysafecard, and integrated payment processing solutions for merchants. Paysafe’s platform is designed to serve a wide range of industries, from e-commerce and digital goods to gaming, financial services, and regulated verticals, offering tailored risk and compliance management alongside its core transaction capabilities.

Founded through a series of mergers and strategic acquisitions, Paysafe traces its origins to the launch of paysafecard in 2000 and the establishment of Optimal Payments in 1996.