Paysafe (NYSE:PSFE) Sets New 12-Month High Following Analyst Upgrade

Shares of Paysafe Limited (NYSE:PSFE) hit a new 52-week high during trading on Thursday after Susquehanna raised their price target on the stock from $16.00 to $23.00. Susquehanna currently has a neutral rating on the stock. Paysafe traded as high as $21.92 and last traded at $21.82, with a volume of 154992 shares trading hands. The stock had previously closed at $20.55.

A number of other brokerages also recently weighed in on PSFE. Royal Bank of Canada raised their price target on shares of Paysafe from $20.00 to $25.00 and gave the stock a “sector perform” rating in a research report on Wednesday. UBS Group lifted their price target on shares of Paysafe from $16.50 to $17.00 and gave the stock a “sell” rating in a research note on Wednesday. Three investment analysts have rated the stock with a sell rating, three have issued a hold rating and two have given a buy rating to the company. According to MarketBeat, Paysafe has a consensus rating of “Hold” and an average target price of $23.58.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the stock. CWM LLC boosted its holdings in Paysafe by 596.7% in the second quarter. CWM LLC now owns 1,470 shares of the company’s stock valued at $26,000 after acquiring an additional 1,259 shares during the last quarter. Nisa Investment Advisors LLC lifted its holdings in Paysafe by 2,613.0% in the second quarter. Nisa Investment Advisors LLC now owns 2,089 shares of the company’s stock valued at $37,000 after buying an additional 2,012 shares during the period. New York State Common Retirement Fund grew its holdings in Paysafe by 21.4% during the 4th quarter. New York State Common Retirement Fund now owns 17,106 shares of the company’s stock worth $219,000 after acquiring an additional 3,016 shares during the period. State of New Jersey Common Pension Fund D bought a new stake in shares of Paysafe during the 2nd quarter valued at $222,000. Finally, Sei Investments Co. acquired a new position in shares of Paysafe in the 2nd quarter valued at $325,000. Institutional investors own 54.39% of the company’s stock.

Paysafe Price Performance

The company has a 50-day moving average price of $18.99 and a 200-day moving average price of $16.54. The company has a debt-to-equity ratio of 2.80, a quick ratio of 1.12 and a current ratio of 1.12. The firm has a market capitalization of $1.32 billion, a P/E ratio of -93.57, a price-to-earnings-growth ratio of 0.52 and a beta of 1.91.

Paysafe (NYSE:PSFE) last announced its quarterly earnings results on Monday, May 13th. The company reported $0.45 EPS for the quarter, beating analysts’ consensus estimates of $0.41 by $0.04. The company had revenue of $417.74 million during the quarter, compared to analysts’ expectations of $407.60 million. Paysafe had a positive return on equity of 15.26% and a negative net margin of 0.82%. On average, sell-side analysts predict that Paysafe Limited will post 2.12 earnings per share for the current year.

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.