Ancora Advisors LLC Lowers Stake in Paysafe Limited (NYSE:PSFE)

Ancora Advisors LLC decreased its holdings in shares of Paysafe Limited (NYSE:PSFE - Free Report) by 7.6% during the fourth quarter, according to its most recent filing with the SEC. The firm owned 240,456 shares of the company's stock after selling 19,731 shares during the period. Ancora Advisors LLC owned 0.40% of Paysafe worth $4,112,000 at the end of the most recent reporting period.

Several other large investors have also modified their holdings of the business. Northern Trust Corp lifted its position in shares of Paysafe by 6.7% during the fourth quarter. Northern Trust Corp now owns 215,839 shares of the company's stock valued at $3,691,000 after buying an additional 13,626 shares during the last quarter. Topline Capital Management LLC purchased a new stake in Paysafe during the fourth quarter valued at approximately $34,481,000. Price T Rowe Associates Inc. MD grew its holdings in Paysafe by 16.3% in the fourth quarter. Price T Rowe Associates Inc. MD now owns 12,207 shares of the company's stock worth $209,000 after purchasing an additional 1,709 shares during the last quarter. MetLife Investment Management LLC increased its position in shares of Paysafe by 11.0% during the fourth quarter. MetLife Investment Management LLC now owns 20,078 shares of the company's stock worth $343,000 after purchasing an additional 1,990 shares in the last quarter. Finally, Dimensional Fund Advisors LP lifted its holdings in shares of Paysafe by 4.3% during the 4th quarter. Dimensional Fund Advisors LP now owns 1,851,402 shares of the company's stock valued at $31,659,000 after purchasing an additional 75,677 shares during the last quarter. Institutional investors own 54.39% of the company's stock.

Paysafe Stock Performance

NYSE PSFE traded up $0.33 on Friday, reaching $15.71. 162,480 shares of the company's stock traded hands, compared to its average volume of 325,121. The stock has a 50 day moving average price of $15.43 and a 200-day moving average price of $18.01. The firm has a market cap of $940.84 million, a price-to-earnings ratio of -41.34, a P/E/G ratio of 0.48 and a beta of 1.90. The company has a debt-to-equity ratio of 2.76, a quick ratio of 1.14 and a current ratio of 1.14. Paysafe Limited has a fifty-two week low of $13.01 and a fifty-two week high of $26.25.

Paysafe (NYSE:PSFE - Get Free Report) last issued its earnings results on Thursday, March 6th. The company reported $0.43 EPS for the quarter, missing analysts' consensus estimates of $0.60 by ($0.17). The company had revenue of $420.07 million during the quarter, compared to analysts' expectations of $437.40 million. Paysafe had a positive return on equity of 12.92% and a negative net margin of 1.38%. Equities research analysts predict that Paysafe Limited will post 1.87 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Several research analysts recently issued reports on PSFE shares. Bank of America reduced their target price on Paysafe from $18.00 to $16.00 and set an "underperform" rating on the stock in a research report on Monday, March 10th. Susquehanna cut their price objective on shares of Paysafe from $17.00 to $15.00 and set a "neutral" rating on the stock in a report on Tuesday, April 22nd. Finally, UBS Group upped their target price on Paysafe from $17.00 to $17.50 and gave the company a "sell" rating in a research report on Wednesday, February 12th.

About Paysafe

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.