BTIG Research Cuts Paysafe (NYSE:PSFE) Price Target to $11.00

Paysafe (NYSE:PSFE) had its price target decreased by BTIG Research from $12.00 to $11.00 in a report released on Wednesday morning,Benzinga reports. BTIG Research currently has a buy rating on the stock.

Other equities analysts also recently issued research reports about the company. Wall Street Zen upgraded Paysafe from a “hold” rating to a “buy” rating in a report on Sunday, July 26th. Susquehanna reiterated a “neutral” rating and issued a $10.00 target price (up from $9.00) on shares of Paysafe in a research note on Thursday, May 14th. Weiss Ratings downgraded shares of Paysafe from a “sell (d)” rating to a “sell (d-)” rating in a research report on Thursday, May 14th. Royal Bank Of Canada restated a “sector perform” rating and set a $11.00 price target (up from $9.00) on shares of Paysafe in a report on Thursday, May 14th. Finally, Zacks Research lowered shares of Paysafe from a “hold” rating to a “strong sell” rating in a research note on Wednesday, July 15th. One research analyst has rated the stock with a Buy rating, two have issued a Hold rating and three have assigned a Sell rating to the company. Based on data from MarketBeat, Paysafe currently has a consensus rating of “Reduce” and a consensus target price of $9.88.

Paysafe Trading Down 4.6%

NYSE PSFE opened at $8.08 on Wednesday. The company’s fifty day simple moving average is $7.65 and its 200-day simple moving average is $7.50. Paysafe has a 52 week low of $5.95 and a 52 week high of $15.02. The company has a current ratio of 1.16, a quick ratio of 1.16 and a debt-to-equity ratio of 4.03. The stock has a market cap of $417.57 million, a P/E ratio of -2.29 and a beta of 1.74.

Paysafe (NYSE:PSFE) last posted its quarterly earnings results on Thursday, May 14th. The company reported $0.41 EPS 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 negative net margin of 11.44% and a positive return on equity of 11.32%.

Insider Buying and Selling

In other Paysafe news, insider Richard Swales sold 10,000 shares of the company’s stock in a transaction that occurred 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 completion of the sale, the insider owned 44,456 shares of the company’s stock, valued at approximately $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 Securities & Exchange Commission, which is accessible through the SEC website.

Hedge Funds Weigh In On Paysafe

Several hedge funds have recently modified their holdings of PSFE. Bank of America Corp DE grew its position in shares of Paysafe by 74.3% in the 1st quarter. Bank of America Corp DE now owns 65,947 shares of the company’s stock valued at $449,000 after acquiring an additional 28,117 shares during the period. Empowered Funds LLC raised its holdings in shares of Paysafe by 9.7% in the 1st quarter. Empowered Funds LLC now owns 212,954 shares of the company’s stock valued at $1,450,000 after purchasing an additional 18,863 shares during the period. Quantinno Capital Management LP raised its holdings in shares of Paysafe by 108.4% in the 1st quarter. Quantinno Capital Management LP now owns 241,617 shares of the company’s stock valued at $1,645,000 after purchasing an additional 125,652 shares during the period. Whitebox Advisors LLC acquired a new stake in Paysafe in the 1st quarter valued at about $819,000. Finally, Sei Investments Co. acquired a new stake in Paysafe in the 1st quarter valued at about $127,000. 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.