Shares of Paysafe Limited (NYSE:PSFE – Get Free Report) have received a consensus recommendation of “Reduce” from the six research firms that are covering the firm, Marketbeat.com reports. Two investment analysts have rated the stock with a sell rating, three have assigned a hold rating and one has issued a buy rating on the company. The average 1-year target price among brokerages that have issued a report on the stock in the last year is $10.1250.
PSFE has been the subject of several research analyst reports. Susquehanna reissued a “neutral” rating and issued a $10.00 price objective (up from $9.00) on shares of Paysafe in a research report on Thursday, May 14th. BTIG Research raised their target price on Paysafe from $10.00 to $12.00 and gave the stock a “buy” rating in a research note on Wednesday, May 13th. UBS Group reiterated a “sell” rating and issued a $7.50 target price (up from $6.75) on shares of Paysafe in a report on Thursday, May 14th. Zacks Research raised Paysafe from a “strong sell” rating to a “hold” rating in a research note on Monday, June 15th. Finally, Royal Bank Of Canada restated a “sector perform” rating and set a $11.00 price target (up from $9.00) on shares of Paysafe in a report on Thursday, May 14th.
Read Our Latest Analysis on PSFE
Paysafe Stock Performance
Paysafe (NYSE:PSFE – Get Free Report) last announced its earnings results on Thursday, May 14th. The company reported $0.41 EPS for the quarter, topping the consensus estimate of $0.40 by $0.01. The company had revenue of $442.72 million for the quarter, compared to analysts’ expectations of $424.41 million. Paysafe had a negative net margin of 11.44% and a positive return on equity of 11.32%. Equities analysts forecast that Paysafe will post 1.6 earnings per share for the current year.
Insider Activity
In related news, insider Richard Swales sold 10,000 shares of the business’s stock in a transaction on Friday, May 15th. The shares were sold at an average price of $7.69, for a total transaction of $76,900.00. Following the transaction, the insider owned 44,456 shares in the company, valued at $341,866.64. The trade was a 18.36% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website.
Hedge Funds Weigh In On Paysafe
Institutional investors have recently made changes to their positions in the stock. Bank of America Corp DE grew its position in Paysafe by 74.3% in the 1st quarter. Bank of America Corp DE now owns 65,947 shares of the company’s stock valued at $449,000 after purchasing an additional 28,117 shares during the period. Empowered Funds LLC boosted its holdings in Paysafe by 9.7% during the 1st quarter. Empowered Funds LLC now owns 212,954 shares of the company’s stock worth $1,450,000 after acquiring an additional 18,863 shares during the last quarter. Quantinno Capital Management LP boosted its holdings in Paysafe by 108.4% during the 1st quarter. Quantinno Capital Management LP now owns 241,617 shares of the company’s stock worth $1,645,000 after acquiring an additional 125,652 shares during the last quarter. Whitebox Advisors LLC bought a new stake in shares of Paysafe in the 1st quarter worth $819,000. Finally, Sei Investments Co. bought a new stake in shares of Paysafe in the 1st quarter worth $127,000. Institutional investors and hedge funds own 54.39% of the company’s stock.
About Paysafe
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.
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