Wall Street Zen Upgrades Paysafe (NYSE:PSFE) to “Buy”

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

A number of other equities analysts also recently issued reports on the company. Zacks Research downgraded Paysafe from a “hold” rating to a “strong sell” rating in a report on Wednesday, May 13th. BTIG Research increased their target price on Paysafe from $10.00 to $12.00 and gave the stock a “buy” rating in a research note on Wednesday, May 13th. UBS Group reissued a “sell” rating and issued a $7.50 target price (up from $6.75) on shares of Paysafe in a research note on Thursday, May 14th. Royal Bank Of Canada reissued a “sector perform” rating and issued a $11.00 target price (up from $9.00) on shares of Paysafe in a research note on Thursday, May 14th. Finally, Weiss Ratings cut Paysafe from a “sell (d)” rating to a “sell (d-)” rating in a research report on Thursday, May 14th. One research analyst has rated the stock with a Buy rating, two have assigned a Hold rating and three have issued a Sell rating to the company. According to MarketBeat, the company presently has an average rating of “Reduce” and a consensus target price of $10.13.

Paysafe Price Performance

PSFE opened at $7.11 on Friday. The stock has a fifty day simple moving average of $7.96 and a two-hundred day simple moving average of $7.56. 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 company has a market cap of $367.55 million, a price-to-earnings ratio of -2.01, a price-to-earnings-growth ratio of 0.23 and a beta of 1.76. Paysafe has a 12-month low of $5.95 and a 12-month high of $15.02.

Paysafe (NYSE:PSFE) last posted its quarterly earnings data on Thursday, May 14th. The company reported $0.41 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.40 by $0.01. The business had revenue of $442.72 million during the quarter, compared to the consensus estimate of $424.41 million. Paysafe had a positive return on equity of 11.32% and a negative net margin of 11.44%. Research analysts predict that Paysafe will post 1.6 earnings per share for the current fiscal year.

Insider Transactions at Paysafe

In other Paysafe news, insider Richard Swales sold 18,849 shares of the firm’s stock in a transaction dated Thursday, March 19th. The stock was sold at an average price of $6.87, for a total value of $129,492.63. Following the transaction, the insider directly owned 24,291 shares of the company’s stock, valued at approximately $166,879.17. This trade represents a 43.69% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the company. Private Management Group Inc. boosted its position in Paysafe by 60.3% in the fourth quarter. Private Management Group Inc. now owns 2,384,594 shares of the company’s stock worth $19,291,000 after purchasing an additional 897,103 shares during the last quarter. Mitsubishi UFJ Asset Management Co. Ltd. boosted its position in Paysafe by 33.3% in the fourth quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 23,488 shares of the company’s stock worth $187,000 after purchasing an additional 5,867 shares during the last quarter. Strs Ohio boosted its position in Paysafe by 128.0% in the fourth quarter. Strs Ohio now owns 62,700 shares of the company’s stock worth $507,000 after purchasing an additional 35,200 shares during the last quarter. Inscription Capital LLC purchased a new position in Paysafe in the fourth quarter worth about $176,000. Finally, Evergreen Capital Management LLC purchased a new position in Paysafe in the fourth quarter worth about $164,000. 54.39% of the stock is owned by hedge funds and other institutional investors.

About Paysafe

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.