Paysafe (NYSE:PSFE) Cut to Strong Sell at Zacks Research

Paysafe (NYSE:PSFE) was downgraded by research analysts at Zacks Research from a “hold” rating to a “strong sell” rating in a research report issued to clients and investors on Wednesday,Zacks.com reports.

Several other equities research analysts have also issued reports on the stock. Wall Street Zen raised shares of Paysafe from a “hold” rating to a “buy” rating in a report on Saturday, June 13th. Weiss Ratings downgraded shares of Paysafe from a “sell (d)” rating to a “sell (d-)” rating in a report on Thursday, May 14th. BTIG Research upped their price target on shares of Paysafe from $10.00 to $12.00 and gave the stock a “buy” rating in a research report on Wednesday, May 13th. UBS Group reissued a “sell” rating and issued a $7.50 price objective (up from $6.75) on shares of Paysafe in a research note on Thursday, May 14th. Finally, Susquehanna restated a “neutral” rating and set a $10.00 price objective (up from $9.00) on shares of Paysafe in a research report on Thursday, May 14th. One investment 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’s stock. According to data from MarketBeat, Paysafe currently has an average rating of “Reduce” and a consensus price target of $10.12.

Paysafe Price Performance

NYSE PSFE opened at $8.44 on Wednesday. The company has a market capitalization of $436.39 million, a PE ratio of -2.39, a price-to-earnings-growth ratio of 0.52 and a beta of 1.74. 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 $7.59 and its 200 day moving average is $7.49. Paysafe has a fifty-two week low of $5.95 and a fifty-two week high of $15.02.

Paysafe (NYSE:PSFE) last issued its quarterly earnings results on Thursday, May 14th. The company reported $0.41 EPS for the quarter, topping analysts’ consensus estimates 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 business had revenue of $442.72 million during the quarter, compared to analysts’ expectations of $424.41 million. Sell-side analysts predict that Paysafe will post 1.1 earnings per share for the current year.

Insiders Place Their Bets

In other Paysafe news, insider Richard Swales sold 10,000 shares of Paysafe stock in a transaction on Friday, May 15th. The shares were sold at an average price of $7.69, for a total value of $76,900.00. Following the sale, the insider directly owned 44,456 shares in the company, valued at approximately $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 accessible through this link.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the company. Greenwich Wealth Management LLC increased its holdings in shares of Paysafe by 6.9% in the fourth quarter. Greenwich Wealth Management LLC now owns 30,473 shares of the company’s stock worth $247,000 after purchasing an additional 1,960 shares during the last quarter. Two Sigma Investments LP boosted its stake in Paysafe by 4.7% during the third quarter. Two Sigma Investments LP now owns 69,940 shares of the company’s stock valued at $904,000 after buying an additional 3,135 shares during the last quarter. Tower Research Capital LLC TRC grew its holdings in Paysafe by 143.1% during the 2nd quarter. Tower Research Capital LLC TRC now owns 5,548 shares of the company’s stock valued at $70,000 after buying an additional 3,266 shares in the last quarter. Campbell & CO Investment Adviser LLC grew its holdings in Paysafe by 23.2% during the 4th quarter. Campbell & CO Investment Adviser LLC now owns 24,440 shares of the company’s stock valued at $198,000 after buying an additional 4,606 shares in the last quarter. Finally, Bfsg LLC increased its stake in Paysafe by 46.0% in the 4th quarter. Bfsg LLC now owns 16,148 shares of the company’s stock worth $131,000 after acquiring an additional 5,088 shares during the last quarter. Hedge funds and other institutional investors own 54.39% of the company’s stock.

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.