Quantinno Capital Management LP grew its position in Paysafe Limited (NYSE:PSFE – Free Report) by 108.4% in the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 241,617 shares of the company’s stock after buying an additional 125,652 shares during the quarter. Quantinno Capital Management LP owned 0.47% of Paysafe worth $1,645,000 at the end of the most recent quarter.
Several other hedge funds and other institutional investors have also made changes to their positions in PSFE. Whitebox Advisors LLC acquired a new stake in shares of Paysafe during the 1st quarter worth about $819,000. Sei Investments Co. purchased a new position in shares of Paysafe during the first quarter valued at approximately $127,000. World Investment Advisors purchased a new position in shares of Paysafe during the fourth quarter valued at approximately $116,000. Alpine Global Management LLC acquired a new stake in Paysafe during the fourth quarter worth approximately $181,000. Finally, Mercer Global Advisors Inc. ADV acquired a new stake in Paysafe during the fourth quarter worth approximately $93,000. Institutional investors and hedge funds own 54.39% of the company’s stock.
Wall Street Analysts Forecast Growth
Several research analysts have recently weighed in on the stock. Susquehanna set a $7.00 target price on shares of Paysafe and gave the company a “neutral” rating in a research note on Wednesday. UBS Group reiterated a “sell” rating and issued a $7.50 price objective (up from $6.75) on shares of Paysafe in a report on Thursday, May 14th. Weiss Ratings downgraded Paysafe from a “sell (d)” rating to a “sell (d-)” rating in a research note on Thursday, May 14th. Royal Bank Of Canada reiterated a “sector perform” rating and issued a $11.00 price target (up from $9.00) on shares of Paysafe in a research note on Thursday, May 14th. Finally, Wall Street Zen lowered Paysafe from a “buy” rating to a “hold” rating in a research note on Monday, August 3rd. One analyst has rated the stock with a Buy rating, two have given a Hold rating and three have given a Sell rating to the stock. According to MarketBeat, the stock presently has an average rating of “Reduce” and an average price target of $9.12.
Paysafe Stock Up 0.1%
Shares of PSFE stock opened at $6.90 on Thursday. Paysafe Limited has a 1 year low of $5.95 and a 1 year high of $15.02. The company has a debt-to-equity ratio of 4.03, a quick ratio of 1.16 and a current ratio of 1.16. The business’s fifty day moving average is $7.61 and its 200-day moving average is $7.50. The stock has a market cap of $356.59 million, a PE ratio of -1.95 and a beta of 1.74.
Paysafe (NYSE:PSFE – Get Free Report) last announced its quarterly earnings data on Thursday, May 14th. The company reported $0.41 earnings per share for the quarter, beating the consensus estimate of $0.40 by $0.01. The business had revenue of $442.72 million during the quarter, compared to analyst estimates of $424.41 million. Paysafe had a positive return on equity of 11.32% and a negative net margin of 11.44%.
Insider Activity
In other news, insider Richard Swales sold 10,000 shares of the company’s stock in a transaction on Friday, May 15th. The stock was sold at an average price of $7.69, for a total transaction of $76,900.00. Following the completion of the sale, the insider directly owned 44,456 shares of the company’s stock, valued at $341,866.64. This represents a 18.36% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website.
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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