Paysafe (NYSE:PSFE) Rating Lowered to Hold at Wall Street Zen
by Renee Jackson · The Cerbat GemPaysafe (NYSE:PSFE – Get Free Report) was downgraded by analysts at Wall Street Zen from a “buy” rating to a “hold” rating in a report issued on Sunday.
Other research analysts have also issued research reports about the stock. BTIG Research lowered their price objective on shares of Paysafe from $11.00 to $10.00 and set a “buy” rating on the stock in a research note on Tuesday, March 3rd. Royal Bank Of Canada lowered their price objective on shares of Paysafe from $10.00 to $9.00 and set a “sector perform” rating on the stock in a research note on Wednesday, March 4th. UBS Group lowered their price objective on shares of Paysafe from $7.00 to $6.75 and set a “sell” rating on the stock in a research note on Wednesday, March 4th. Weiss Ratings reiterated a “sell (d-)” rating on shares of Paysafe in a research note on Thursday, January 22nd. Finally, Zacks Research upgraded shares of Paysafe from a “strong sell” rating to a “hold” rating in a research note on Friday, January 23rd. One analyst has rated the stock with a Buy rating, four have issued a Hold rating and two have issued a Sell rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Reduce” and an average price target of $9.81.
Get Our Latest Stock Analysis on Paysafe
Paysafe Price Performance
NYSE PSFE opened at $9.22 on Friday. Paysafe has a 12 month low of $5.95 and a 12 month high of $16.49. The company has a debt-to-equity ratio of 3.98, a current ratio of 1.24 and a quick ratio of 1.24. The firm has a market capitalization of $476.33 million, a PE ratio of -2.93, a P/E/G ratio of 0.29 and a beta of 1.66. The company’s 50 day simple moving average is $7.04 and its 200 day simple moving average is $8.25.
Paysafe (NYSE:PSFE – Get Free Report) last posted its quarterly earnings data on Saturday, February 14th. The company reported $0.46 EPS for the quarter. Paysafe had a negative net margin of 10.73% and a positive return on equity of 11.55%. The business had revenue of $438.36 million for the quarter. As a group, equities research analysts forecast that Paysafe will post 1.63 EPS for the current fiscal year.
Insider Transactions at Paysafe
In other Paysafe news, insider Richard Swales sold 18,849 shares of Paysafe stock in a transaction that occurred on Thursday, March 19th. The shares were sold at an average price of $6.87, for a total value of $129,492.63. Following the transaction, the insider owned 24,291 shares in the company, valued at approximately $166,879.17. The trade was a 43.69% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink.
Institutional Inflows and Outflows
Several hedge funds have recently added to or reduced their stakes in PSFE. Geode Capital Management LLC grew its position in Paysafe by 1.8% in the second quarter. Geode Capital Management LLC now owns 399,449 shares of the company’s stock worth $5,041,000 after buying an additional 7,155 shares during the last quarter. Quantbot Technologies LP acquired a new position in Paysafe in the second quarter worth approximately $106,000. Arrowstreet Capital Limited Partnership grew its position in Paysafe by 10.4% in the second quarter. Arrowstreet Capital Limited Partnership now owns 393,291 shares of the company’s stock worth $4,963,000 after buying an additional 36,994 shares during the last quarter. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main grew its position in Paysafe by 24.2% during the 2nd quarter. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main now owns 44,872 shares of the company’s stock worth $566,000 after purchasing an additional 8,729 shares in the last quarter. Finally, Ameriprise Financial Inc. grew its position in Paysafe by 18.8% during the 2nd quarter. Ameriprise Financial Inc. now owns 182,237 shares of the company’s stock worth $2,300,000 after purchasing an additional 28,812 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.