Paysafe (NYSE:PSFE) Sets New 1-Year Low - What's Next?
Paysafe Limited (NYSE:PSFE) reached a new 52-week low of $13.66, down from a previous close of $14.96. Analysts have lowered their price targets, with Susquehanna at $17.00 and Bank of America at $16.00, both rating the stock as 'neutral' or 'underperform.' The company reported a quarterly EPS of $0.43, missing estimates, and had a revenue of $420.07 million. Institutional investors hold 54.39% of the stock. Paysafe provides payment solutions for various sectors, including iGaming and digital assets.
Paysafe Limited (NYSE:PSFE - Get Free Report) hit a new 52-week low during mid-day trading on Friday . The company traded as low as $13.91 and last traded at $13.66, with a volume of 129965 shares. The stock had previously closed at $14.96.
Wall Street Analyst Weigh In
- PaySafe Stock is an iGaming Growth Play After the SPAC Sell-Off
Several brokerages have issued reports on PSFE. Susquehanna lowered their price objective on shares of Paysafe from $21.00 to $17.00 and set a "neutral" rating on the stock in a research report on Wednesday, March 5th. Bank of America cut their price objective on Paysafe from $18.00 to $16.00 and set an "underperform" rating for the company in a research report on Monday, March 10th. Finally, UBS Group lifted their price objective on Paysafe from $17.00 to $17.50 and gave the stock a "sell" rating in a research report on Wednesday, February 12th.
View Our Latest Analysis on Paysafe
Paysafe Stock Down 5.3 %
The stock has a market cap of $861.15 million, a P/E ratio of -37.27, a PEG ratio of 0.48 and a beta of 1.87. The company has a quick ratio of 1.14, a current ratio of 1.14 and a debt-to-equity ratio of 2.76. The business has a 50-day simple moving average of $18.18 and a 200-day simple moving average of $19.36.
Paysafe (NYSE:PSFE - Get Free Report) last posted its quarterly earnings results on Thursday, March 6th. The company reported $0.43 earnings per share for the quarter, missing analysts' consensus estimates of $0.60 by ($0.17). Paysafe had a positive return on equity of 12.92% and a negative net margin of 1.38%. The business had revenue of $420.07 million for the quarter, compared to analyst estimates of $437.40 million. Analysts expect that Paysafe Limited will post 1.87 EPS for the current year.
Hedge Funds Weigh In On Paysafe
Institutional investors and hedge funds have recently modified their holdings of the business. Spire Wealth Management bought a new position in Paysafe in the 4th quarter valued at approximately $26,000. Bfsg LLC bought a new position in Paysafe in the 4th quarter valued at $78,000. State of Wyoming boosted its holdings in shares of Paysafe by 38.2% in the 4th quarter. State of Wyoming now owns 7,162 shares of the company's stock worth $122,000 after buying an additional 1,980 shares during the last quarter. Quantbot Technologies LP purchased a new position in Paysafe in the 4th quarter valued at approximately $169,000. Finally, Graham Capital Management L.P. purchased a new position in shares of Paysafe in the fourth quarter valued at $193,000. 54.39% of the stock is currently owned by institutional investors and hedge funds.
About Paysafe
(Get Free Report)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.
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