Paysafe (NYSE:PSFE) Price Target Raised to $14.60 at Bank of America

Paysafe (NYSE:PSFE) had its price objective upped by Bank of America from $13.40 to $14.60 in a research note released on Monday, Benzinga reports. The firm currently has an underperform rating on the stock.

Separately, BTIG Research began coverage on Paysafe in a research report on Wednesday, January 17th. They set a buy rating and a $19.00 price objective on the stock. Three analysts have rated the stock with a sell rating, three have assigned a hold rating and two have issued a buy rating to the company. According to data from MarketBeat.com, the company has a consensus rating of Hold and a consensus price target of $20.83.

Paysafe Stock Down 5.0 %

PSFE opened at $14.68 on Monday. Paysafe has a 1-year low of $9.25 and a 1-year high of $17.18. The stock’s fifty day simple moving average is $14.42 and its 200 day simple moving average is $12.79. The company has a current ratio of 1.11, a quick ratio of 1.11 and a debt-to-equity ratio of 2.82. The stock has a market cap of $892.40 million, a PE ratio of -44.48, a price-to-earnings-growth ratio of 0.41 and a beta of 1.86.

Paysafe (NYSE:PSFE) last posted its quarterly earnings results on Thursday, March 7th. The company reported $0.66 earnings per share for the quarter, beating analysts’ consensus estimates of $0.63 by $0.03. Paysafe had a positive return on equity of 15.85% and a negative net margin of 1.26%. The business had revenue of $414.50 million for the quarter, compared to analysts’ expectations of $414.52 million. During the same quarter in the prior year, the business earned $0.54 EPS. The firm’s revenue for the quarter was up 8.1% on a year-over-year basis. As a group, research analysts expect that Paysafe will post 2.05 earnings per share for the current year.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of PSFE. Point72 Hong Kong Ltd acquired a new position in Paysafe in the second quarter valued at about $29,000. Verition Fund Management LLC acquired a new position in Paysafe in the second quarter valued at about $31,000. Meeder Asset Management Inc. raised its stake in Paysafe by 2,225.2% in the fourth quarter. Meeder Asset Management Inc. now owns 2,581 shares of the company’s stock valued at $36,000 after purchasing an additional 2,470 shares in the last quarter. Tower Research Capital LLC TRC raised its stake in Paysafe by 42.6% in the third quarter. Tower Research Capital LLC TRC now owns 3,180 shares of the company’s stock valued at $38,000 after purchasing an additional 950 shares in the last quarter. Finally, Beacon Pointe Advisors LLC acquired a new position in Paysafe in the first quarter valued at about $50,000. Institutional investors and hedge funds own 54.39% of the company’s stock.

Paysafe Company Profile

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.