Paysafe (NYSE:PSFE) Price Target Cut to $9.00 by Analysts at Susquehanna

Paysafe (NYSE:PSFE) had its price target lowered by equities researchers at Susquehanna from $15.00 to $9.00 in a note issued to investors on Friday,Benzinga reports. The brokerage presently has a “neutral” rating on the stock. Susquehanna’s price objective indicates a potential upside of 34.23% from the company’s current price.

A number of other equities research analysts have also recently weighed in on the stock. BTIG Research restated a “buy” rating and set a $11.00 price objective (down from $22.00) on shares of Paysafe in a research note on Friday. Zacks Research upgraded shares of Paysafe to a “hold” rating in a research report on Thursday, October 23rd. Finally, Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Paysafe in a research note on Wednesday, October 8th. One research analyst has rated the stock with a Buy rating, four have assigned a Hold rating and two have assigned a Sell rating to the company’s stock. According to MarketBeat, Paysafe currently has an average rating of “Reduce” and an average price target of $10.26.

Paysafe Stock Performance

Shares of PSFE traded down $0.66 during mid-day trading on Friday, reaching $6.71. 1,260,650 shares of the company’s stock traded hands, compared to its average volume of 381,481. The business’s 50-day moving average price is $12.38 and its 200-day moving average price is $12.93. The stock has a market capitalization of $401.56 million, a P/E ratio of -7.89, a price-to-earnings-growth ratio of 0.28 and a beta of 1.76. The company has a debt-to-equity ratio of 3.15, a quick ratio of 1.20 and a current ratio of 1.20. Paysafe has a 12 month low of $6.71 and a 12 month high of $24.11.

Paysafe (NYSE:PSFE) last issued its quarterly earnings data on Thursday, November 13th. The company reported $0.70 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.73 by ($0.03). Paysafe had a positive return on equity of 9.64% and a negative net margin of 2.93%.The business had revenue of $433.82 million during the quarter, compared to the consensus estimate of $438.59 million. During the same period last year, the company earned $0.51 earnings per share. The business’s quarterly revenue was up 1.6% compared to the same quarter last year. Paysafe has set its FY 2025 guidance at 1.830-1.880 EPS. Equities analysts predict that Paysafe will post 1.87 earnings per share for the current year.

Institutional Trading of Paysafe

A number of large investors have recently added to or reduced their stakes in the business. Spire Wealth Management increased its holdings in shares of Paysafe by 33.4% in the second quarter. Spire Wealth Management now owns 3,795 shares of the company’s stock valued at $48,000 after buying an additional 950 shares in the last quarter. Principal Financial Group Inc. grew its holdings in shares of Paysafe by 2.8% in the 1st quarter. Principal Financial Group Inc. now owns 38,769 shares of the company’s stock worth $608,000 after acquiring an additional 1,042 shares during the last quarter. Mitsubishi UFJ Asset Management Co. Ltd. raised its position in shares of Paysafe by 11.2% during the first quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 12,315 shares of the company’s stock worth $193,000 after purchasing an additional 1,237 shares during the period. Campbell & CO Investment Adviser LLC raised its position in shares of Paysafe by 9.4% during the third quarter. Campbell & CO Investment Adviser LLC now owns 19,834 shares of the company’s stock worth $256,000 after purchasing an additional 1,701 shares during the period. Finally, Bfsg LLC lifted its holdings in shares of Paysafe by 19.4% during the second quarter. Bfsg LLC now owns 11,585 shares of the company’s stock valued at $146,000 after purchasing an additional 1,885 shares during the last quarter. 54.39% of the stock is currently owned by institutional investors.

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.