Paysafe (NYSE:PSFE) Lowered to “Hold” Rating by Wall Street Zen

Wall Street Zen cut shares of Paysafe (NYSE:PSFE) from a buy rating to a hold rating in a research note published on Sunday morning.

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

Paysafe Stock Performance

Shares of PSFE opened at $8.84 on Friday. The stock has a 50-day simple moving average of $6.99 and a 200-day simple moving average of $8.28. The company has a debt-to-equity ratio of 3.98, a quick ratio of 1.24 and a current ratio of 1.24. The stock has a market capitalization of $456.59 million, a PE ratio of -2.80, a PEG ratio of 0.29 and a beta of 1.66. Paysafe has a 1 year low of $5.95 and a 1 year high of $16.49.

Paysafe (NYSE:PSFE) last announced its quarterly earnings data on Saturday, February 14th. The company reported $0.46 earnings per share (EPS) for the quarter. The business had revenue of $438.36 million during the quarter. Paysafe had a positive return on equity of 11.55% and a negative net margin of 10.73%. On average, analysts predict 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 firm’s stock in a transaction dated Thursday, March 19th. The stock was sold at an average price of $6.87, for a total transaction of $129,492.63. Following the sale, the insider owned 24,291 shares of the company’s stock, valued at approximately $166,879.17. This trade represents a 43.69% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in PSFE. Geode Capital Management LLC increased its position in Paysafe by 1.8% during the second quarter. Geode Capital Management LLC now owns 399,449 shares of the company’s stock worth $5,041,000 after buying an additional 7,155 shares during the period. Quantbot Technologies LP acquired a new position in Paysafe during the second quarter worth approximately $106,000. Arrowstreet Capital Limited Partnership increased its position in Paysafe by 10.4% during the second quarter. Arrowstreet Capital Limited Partnership now owns 393,291 shares of the company’s stock worth $4,963,000 after buying an additional 36,994 shares during the period. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main increased its position in Paysafe by 24.2% during the second quarter. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main now owns 44,872 shares of the company’s stock worth $566,000 after buying an additional 8,729 shares during the period. Finally, Ameriprise Financial Inc. increased its position in Paysafe by 18.8% during the second quarter. Ameriprise Financial Inc. now owns 182,237 shares of the company’s stock worth $2,300,000 after buying an additional 28,812 shares during the period. Institutional investors and hedge funds own 54.39% of the company’s stock.

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.