Paysafe (NYSE:PSFE – Get Free Report) was upgraded by equities research analysts at Wall Street Zen from a “hold” rating to a “buy” rating in a research note issued on Sunday.
Other equities research analysts have also recently issued reports about the stock. Zacks Research cut shares of Paysafe from a “hold” rating to a “strong sell” rating in a research note on Wednesday, July 15th. UBS Group reiterated a “sell” rating and issued a $7.50 target price (up from $6.75) on shares of Paysafe in a research report on Thursday, May 14th. Royal Bank Of Canada reissued a “sector perform” rating and set a $11.00 target price (up from $9.00) on shares of Paysafe in a research note on Thursday, May 14th. Susquehanna restated a “neutral” rating and set a $10.00 price target (up from $9.00) on shares of Paysafe in a research report on Thursday, May 14th. Finally, Weiss Ratings lowered shares of Paysafe from a “sell (d)” rating to a “sell (d-)” rating in a research note on Thursday, May 14th. One equities research analyst has rated the stock with a Buy rating, two have assigned a Hold rating and three have assigned a Sell rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Reduce” and an average target price of $10.12.
View Our Latest Report on PSFE
Paysafe Stock Performance
Paysafe (NYSE:PSFE – Get Free Report) last posted its earnings results on Thursday, May 14th. The company reported $0.41 EPS for the quarter, beating 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 firm had revenue of $442.72 million for the quarter, compared to analysts’ expectations of $424.41 million.
Insider Buying and Selling at Paysafe
In related news, insider Richard Swales sold 10,000 shares of Paysafe 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 directly owned 44,456 shares in the company, valued at $341,866.64. The trade was a 18.36% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link.
Institutional Investors Weigh In On Paysafe
Several hedge funds have recently modified their holdings of PSFE. Private Management Group Inc. raised its holdings in shares of Paysafe by 60.3% during the fourth quarter. Private Management Group Inc. now owns 2,384,594 shares of the company’s stock valued at $19,291,000 after acquiring an additional 897,103 shares during the period. Sona Asset Management US LLC acquired a new position in Paysafe in the 3rd quarter worth approximately $3,090,000. Charles Schwab Investment Management Inc. grew its position in Paysafe by 57.0% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 543,416 shares of the company’s stock worth $4,396,000 after purchasing an additional 197,268 shares in the last quarter. Ancora Advisors LLC grew its position in Paysafe by 507.3% during the 3rd quarter. Ancora Advisors LLC now owns 196,580 shares of the company’s stock worth $2,540,000 after purchasing an additional 164,210 shares in the last quarter. Finally, HRT Financial LP grew its position in Paysafe by 1,102.1% during the 4th quarter. HRT Financial LP now owns 155,381 shares of the company’s stock worth $1,257,000 after purchasing an additional 142,455 shares in the last quarter. 54.39% of the stock is owned by hedge funds and other 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.
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