Wall Street Zen lowered shares of Paysafe (NYSE:PSFE – Free Report) from a buy rating to a hold rating in a report issued on Saturday.
Other equities analysts have also recently issued reports about the stock. UBS Group restated a “sell” rating and set a $7.50 price objective (up from $6.75) on shares of Paysafe in a research report on Thursday, May 14th. Zacks Research lowered shares of Paysafe from a “hold” rating to a “strong sell” rating in a research report on Wednesday. Weiss Ratings lowered shares of Paysafe from a “sell (d)” rating to a “sell (d-)” rating in a research report on Thursday, May 14th. Susquehanna reissued a “neutral” rating and set a $10.00 target price (up from $9.00) on shares of Paysafe in a research note on Thursday, May 14th. Finally, BTIG Research upped their price target on shares of Paysafe from $10.00 to $12.00 and gave the stock a “buy” rating in a research report on Wednesday, May 13th. One analyst has rated the stock with a Buy rating, two have given a Hold rating and three have assigned a Sell rating to the company. Based on data from MarketBeat, Paysafe presently has an average rating of “Reduce” and a consensus price target of $10.12.
Read Our Latest Analysis on PSFE
Paysafe Stock Down 3.4%
Paysafe (NYSE:PSFE – Get Free Report) last announced its earnings results on Thursday, May 14th. The company reported $0.41 earnings per share for the quarter, topping the consensus estimate of $0.40 by $0.01. Paysafe had a positive return on equity of 11.32% and a negative net margin of 11.44%.The business had revenue of $442.72 million during the quarter, compared to the consensus estimate of $424.41 million. Analysts predict that Paysafe will post 1.1 earnings per share for the current fiscal year.
Insider Buying and Selling
In other Paysafe news, insider Richard Swales sold 10,000 shares of the firm’s stock in a transaction on Friday, May 15th. The stock was sold at an average price of $7.69, for a total value of $76,900.00. Following the transaction, the insider owned 44,456 shares in the company, valued at approximately $341,866.64. This trade represents a 18.36% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website.
Hedge Funds Weigh In On Paysafe
Several hedge funds and other institutional investors have recently modified their holdings of PSFE. Greenwich Wealth Management LLC increased its holdings in shares of Paysafe by 6.9% in the fourth quarter. Greenwich Wealth Management LLC now owns 30,473 shares of the company’s stock valued at $247,000 after purchasing an additional 1,960 shares during the last quarter. Two Sigma Investments LP lifted its position in Paysafe by 4.7% during the third quarter. Two Sigma Investments LP now owns 69,940 shares of the company’s stock worth $904,000 after buying an additional 3,135 shares in the last quarter. Tower Research Capital LLC TRC boosted its stake in Paysafe by 143.1% during the second quarter. Tower Research Capital LLC TRC now owns 5,548 shares of the company’s stock worth $70,000 after buying an additional 3,266 shares during the last quarter. Campbell & CO Investment Adviser LLC boosted its stake in Paysafe by 23.2% during the fourth quarter. Campbell & CO Investment Adviser LLC now owns 24,440 shares of the company’s stock worth $198,000 after buying an additional 4,606 shares during the last quarter. Finally, Bfsg LLC grew its holdings in Paysafe by 46.0% in the 4th quarter. Bfsg LLC now owns 16,148 shares of the company’s stock valued at $131,000 after buying an additional 5,088 shares in the last quarter. 54.39% of the stock is owned by hedge funds and other institutional investors.
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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