Paysafe (NYSE:PSFE) Hits New 12-Month High at $21.78

Paysafe Limited (NYSE:PSFE) reached a new 52-week high on Monday . The company traded as high as $21.78 and last traded at $21.49, with a volume of 3534 shares traded. The stock had previously closed at $21.67.

Wall Street Analyst Weigh In

Several brokerages recently issued reports on PSFE. Susquehanna increased their price objective on Paysafe from $14.00 to $16.00 and gave the stock a “neutral” rating in a report on Tuesday, May 14th. Royal Bank of Canada lifted their price target on Paysafe from $16.00 to $20.00 and gave the company a “sector perform” rating in a report on Tuesday, May 14th. Bank of America boosted their price target on Paysafe from $13.40 to $14.60 and gave the company an “underperform” rating in a research note on Monday, April 15th. Finally, UBS Group raised their price objective on shares of Paysafe from $11.00 to $16.50 and gave the company a “sell” rating in a research report on Wednesday, May 15th. Three analysts have rated the stock with a sell rating, three have given a hold rating and two have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus price target of $22.01.

Paysafe Price Performance

The company has a current ratio of 1.12, a quick ratio of 1.12 and a debt-to-equity ratio of 2.80. The business has a 50-day simple moving average of $18.55 and a 200-day simple moving average of $16.04.

Paysafe (NYSE:PSFE) last posted its earnings results on Monday, May 13th. The company reported $0.45 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.41 by $0.04. The business had revenue of $417.74 million for the quarter, compared to analyst estimates of $407.60 million. Paysafe had a negative net margin of 0.82% and a positive return on equity of 15.26%. As a group, equities analysts predict that Paysafe Limited will post 2.12 EPS for the current fiscal year.

Hedge Funds Weigh In On Paysafe

Several large investors have recently made changes to their positions in the business. Bank of New York Mellon Corp grew its holdings in Paysafe by 8.5% in the 2nd quarter. Bank of New York Mellon Corp now owns 110,605 shares of the company’s stock valued at $1,955,000 after buying an additional 8,671 shares during the last quarter. SummerHaven Investment Management LLC increased its position in Paysafe by 1.3% during the second quarter. SummerHaven Investment Management LLC now owns 64,840 shares of the company’s stock worth $1,146,000 after acquiring an additional 821 shares during the period. Nisa Investment Advisors LLC raised its stake in Paysafe by 2,613.0% during the 2nd quarter. Nisa Investment Advisors LLC now owns 2,089 shares of the company’s stock valued at $37,000 after purchasing an additional 2,012 shares during the last quarter. CWM LLC boosted its holdings in Paysafe by 596.7% in the 2nd quarter. CWM LLC now owns 1,470 shares of the company’s stock valued at $26,000 after purchasing an additional 1,259 shares during the period. Finally, Jacobs Levy Equity Management Inc. increased its holdings in shares of Paysafe by 39.1% during the 1st quarter. Jacobs Levy Equity Management Inc. now owns 302,765 shares of the company’s stock worth $4,781,000 after purchasing an additional 85,170 shares during the period. Institutional investors and hedge funds own 54.39% of the company’s stock.

Paysafe Company Profile

Paysafe Limited provides end-to-end payment solutions in the United States, Germany, the United Kingdom, and internationally. Its payments platform offers a range of payment solutions comprising credit and debit card processing, digital wallet, eCash, and real-time banking solutions for entertainment verticals, such as iGaming, including online betting related to sports, e-sports, fantasy sports, poker, and other casino games, as well as travel, streaming/video gaming, retail/hospitality, and digital assets.