UBS Group Boosts Paysafe (NYSE:PSFE) Price Target to $17.50

Paysafe (NYSE:PSFE) had its target price lifted by UBS Group from $17.00 to $17.50 in a research report issued on Wednesday,Benzinga reports. The firm presently has a “sell” rating on the stock. UBS Group’s price objective indicates a potential downside of 5.51% from the company’s previous close.

Several other brokerages have also commented on PSFE. Susquehanna cut their price target on shares of Paysafe from $23.00 to $21.00 and set a “neutral” rating on the stock in a research note on Thursday, November 14th. Royal Bank of Canada cut their price target on shares of Paysafe from $25.00 to $21.00 and set a “sector perform” rating on the stock in a research note on Thursday, November 14th.

Paysafe Stock Down 2.3 %

Shares of PSFE traded down $0.44 during midday trading on Wednesday, reaching $18.52. The stock had a trading volume of 188,919 shares, compared to its average volume of 330,537. Paysafe has a 1-year low of $11.94 and a 1-year high of $26.25. The company’s fifty day simple moving average is $18.52 and its two-hundred day simple moving average is $20.26. The company has a market cap of $1.13 billion, a price-to-earnings ratio of -48.71, a PEG ratio of 0.57 and a beta of 1.89. The company has a debt-to-equity ratio of 2.76, a current ratio of 1.14 and a quick ratio of 1.14.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently bought and sold shares of PSFE. Private Management Group Inc. purchased a new stake in shares of Paysafe in the fourth quarter valued at about $8,489,000. Foundry Partners LLC purchased a new stake in shares of Paysafe in the third quarter valued at about $5,450,000. Raymond James Financial Inc. purchased a new stake in shares of Paysafe in the fourth quarter valued at about $1,944,000. Arrowstreet Capital Limited Partnership boosted its holdings in shares of Paysafe by 15.2% in the fourth quarter. Arrowstreet Capital Limited Partnership now owns 694,079 shares of the company’s stock valued at $11,869,000 after acquiring an additional 91,592 shares in the last quarter. Finally, Palogic Value Management L.P. purchased a new stake in shares of Paysafe in the fourth quarter valued at about $1,104,000. 54.39% of the stock is owned by hedge funds and other institutional investors.

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.