Wall Street Zen Downgrades Paysafe (NYSE:PSFE) to Hold

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

PSFE has been the topic of several other reports. Susquehanna reiterated a “neutral” rating and set a $10.00 price target (up from $9.00) on shares of Paysafe in a research report on Thursday, May 14th. UBS Group reaffirmed a “sell” rating and set a $7.50 target price (up from $6.75) on shares of Paysafe in a research note on Thursday, May 14th. Weiss Ratings cut Paysafe from a “sell (d)” rating to a “sell (d-)” rating in a research note on Thursday, May 14th. BTIG Research lifted their target price on Paysafe from $10.00 to $12.00 and gave the stock a “buy” rating in a report on Wednesday, May 13th. Finally, Royal Bank Of Canada reiterated a “sector perform” rating and issued a $11.00 price target (up from $9.00) on shares of Paysafe in a research report on Thursday, May 14th. One equities research analyst has rated the stock with a Buy rating, two have issued a Hold rating and three have given a Sell rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Reduce” and a consensus price target of $10.12.

Paysafe Trading Down 3.4%

Paysafe stock opened at $8.16 on Friday. Paysafe has a 12-month low of $5.95 and a 12-month high of $15.02. The company has a debt-to-equity ratio of 4.03, a current ratio of 1.16 and a quick ratio of 1.16. The stock has a market capitalization of $421.76 million, a PE ratio of -2.31, a price-to-earnings-growth ratio of 0.52 and a beta of 1.74. The firm has a 50 day simple moving average of $7.57 and a 200-day simple moving average of $7.50.

Paysafe (NYSE:PSFE) last announced its earnings results on Thursday, May 14th. The company reported $0.41 EPS for the quarter, topping the consensus estimate of $0.40 by $0.01. The firm had revenue of $442.72 million for the quarter, compared to analysts’ expectations of $424.41 million. Paysafe had a positive return on equity of 11.32% and a negative net margin of 11.44%. As a group, equities research analysts expect that Paysafe will post 1.1 EPS for the current fiscal year.

Insider Buying and Selling at Paysafe

In other news, insider Richard Swales sold 10,000 shares of Paysafe stock in a transaction that occurred on Friday, May 15th. The shares were sold at an average price of $7.69, for a total value of $76,900.00. Following the transaction, the insider directly owned 44,456 shares of the company’s stock, valued at $341,866.64. This trade represents a 18.36% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link.

Hedge Funds Weigh In On Paysafe

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. 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 valued at $70,000 after purchasing an additional 3,266 shares during the period. Quantbot Technologies LP acquired a new position in Paysafe during the second quarter valued at $106,000. State of Alaska Department of Revenue acquired a new position in Paysafe during the fourth quarter valued at $83,000. Engineers Gate Manager LP purchased a new stake in Paysafe in the 2nd quarter worth about $143,000. Finally, Mercer Global Advisors Inc. ADV purchased a new stake in Paysafe in the 4th quarter worth about $93,000. 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.