Paysafe (NYSE:PSFE) Stock Rating Upgraded by Wall Street Zen

Paysafe (NYSE:PSFE) was upgraded by investment analysts at Wall Street Zen from a “hold” rating to a “buy” rating in a note issued to investors on Sunday.

Several other brokerages have also recently commented on PSFE. UBS Group reissued a “sell” rating and issued a $7.50 price target (up from $6.75) on shares of Paysafe in a research report on Thursday, May 14th. BTIG Research increased their price objective on Paysafe from $10.00 to $12.00 and gave the company a “buy” rating in a research note on Wednesday, May 13th. Zacks Research cut Paysafe from a “hold” rating to a “strong sell” rating in a research note on Wednesday, July 15th. Susquehanna reiterated a “neutral” rating and issued a $10.00 target price (up from $9.00) on shares of Paysafe in a report on Thursday, May 14th. Finally, Weiss Ratings cut Paysafe from a “sell (d)” rating to a “sell (d-)” rating in a research note on Thursday, May 14th. One 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. According to data from MarketBeat, the stock presently has an average rating of “Reduce” and an average target price of $10.12.

Paysafe Trading Up 2.3%

NYSE PSFE opened at $7.93 on Friday. The firm has a 50 day simple moving average of $7.52 and a 200-day simple moving average of $7.50. The company has a debt-to-equity ratio of 4.03, a quick ratio of 1.16 and a current ratio of 1.16. Paysafe has a one year low of $5.95 and a one year high of $15.02. The firm has a market cap of $409.62 million, a price-to-earnings ratio of -2.25, a PEG ratio of 0.49 and a beta of 1.74.

Paysafe (NYSE:PSFE) last announced its quarterly earnings data on Thursday, May 14th. The company reported $0.41 earnings per share for the quarter, beating analysts’ consensus estimates of $0.40 by $0.01. Paysafe had a negative net margin of 11.44% and a positive return on equity of 11.32%. The firm had revenue of $442.72 million during the quarter, compared to analysts’ expectations of $424.41 million.

Insiders Place Their Bets

In related news, insider Richard Swales sold 10,000 shares of the company’s stock in a transaction that occurred on Friday, May 15th. The stock was sold at an average price of $7.69, for a total value of $76,900.00. Following the completion of the transaction, the insider directly owned 44,456 shares of the company’s stock, valued at $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 SEC, which is available through this hyperlink.

Institutional Trading of Paysafe

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Greenwich Wealth Management LLC lifted its position in shares of Paysafe by 6.9% during the 4th quarter. Greenwich Wealth Management LLC now owns 30,473 shares of the company’s stock worth $247,000 after buying an additional 1,960 shares during the last quarter. Two Sigma Investments LP grew its position in shares of Paysafe by 4.7% in the 3rd 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 raised its stake in Paysafe by 143.1% during the 2nd quarter. Tower Research Capital LLC TRC now owns 5,548 shares of the company’s stock worth $70,000 after acquiring an additional 3,266 shares in the last quarter. Campbell & CO Investment Adviser LLC lifted its position in Paysafe by 23.2% in the fourth quarter. Campbell & CO Investment Adviser LLC now owns 24,440 shares of the company’s stock valued at $198,000 after acquiring an additional 4,606 shares during the last quarter. Finally, Bfsg LLC boosted its stake in Paysafe by 46.0% in the fourth quarter. Bfsg LLC now owns 16,148 shares of the company’s stock valued at $131,000 after acquiring an additional 5,088 shares in the last quarter. Institutional investors and hedge funds 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.