Paysafe (NYSE:PSFE) Reaches New 1-Year Low – Here’s Why

Paysafe Limited (NYSE:PSFE) shares reached a new 52-week low during mid-day trading on Friday . The company traded as low as $13.91 and last traded at $13.66, with a volume of 129965 shares. The stock had previously closed at $14.96.

Analyst Ratings Changes

Several analysts have recently issued reports on the stock. Susquehanna reduced their target price on shares of Paysafe from $21.00 to $17.00 and set a “neutral” rating for the company in a research note on Wednesday, March 5th. UBS Group upped their price objective on shares of Paysafe from $17.00 to $17.50 and gave the stock a “sell” rating in a research report on Wednesday, February 12th. Finally, Bank of America dropped their target price on shares of Paysafe from $18.00 to $16.00 and set an “underperform” rating on the stock in a research report on Monday, March 10th.

Paysafe Stock Performance

The company’s 50-day moving average is $18.09 and its two-hundred day moving average is $19.28. The company has a quick ratio of 1.14, a current ratio of 1.14 and a debt-to-equity ratio of 2.76. The company has a market cap of $859.39 million, a P/E ratio of -37.21, a price-to-earnings-growth ratio of 0.48 and a beta of 1.91.

Paysafe (NYSE:PSFE) last released its earnings results on Thursday, March 6th. The company reported $0.43 earnings per share for the quarter, missing analysts’ consensus estimates of $0.60 by ($0.17). The company had revenue of $420.07 million for the quarter, compared to the consensus estimate of $437.40 million. Paysafe had a negative net margin of 1.38% and a positive return on equity of 12.92%. Equities analysts predict that Paysafe Limited will post 1.87 EPS for the current year.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the company. Spire Wealth Management bought a new stake in Paysafe during the 4th quarter valued at $26,000. Bfsg LLC bought a new stake in shares of Paysafe during the 4th quarter valued at $78,000. State of Wyoming boosted its stake in Paysafe by 38.2% in the 4th quarter. State of Wyoming now owns 7,162 shares of the company’s stock worth $122,000 after purchasing an additional 1,980 shares during the period. Quantbot Technologies LP bought a new position in Paysafe in the 4th quarter worth about $169,000. Finally, Mitsubishi UFJ Asset Management Co. Ltd. grew its holdings in Paysafe by 25.0% during the 4th quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 11,078 shares of the company’s stock valued at $194,000 after buying an additional 2,215 shares in the last quarter. Hedge funds and other institutional investors own 54.39% of the company’s stock.

About Paysafe

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.