DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main decreased its stake in Paysafe Limited (NYSE:PSFE - Free Report) by 41.5% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 26,011 shares of the company's stock after selling 18,457 shares during the period. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main's holdings in Paysafe were worth $445,000 at the end of the most recent quarter.
A number of other hedge funds and other institutional investors have also modified their holdings of the stock. CastleKnight Management LP boosted its position in Paysafe by 11.0% during the fourth quarter. CastleKnight Management LP now owns 333,641 shares of the company's stock valued at $5,705,000 after purchasing an additional 33,100 shares during the last quarter. Bridgeway Capital Management LLC raised its stake in shares of Paysafe by 2.7% during the 4th quarter. Bridgeway Capital Management LLC now owns 469,504 shares of the company's stock worth $8,029,000 after purchasing an additional 12,156 shares in the last quarter. BNP Paribas Financial Markets acquired a new stake in shares of Paysafe in the 4th quarter valued at approximately $720,000. Northern Trust Corp grew its stake in shares of Paysafe by 6.7% in 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 in the last quarter. Finally, Topline Capital Management LLC bought a new position in shares of Paysafe in the fourth quarter valued at $34,481,000. Institutional investors and hedge funds own 54.39% of the company's stock.
Wall Street Analyst Weigh In
A number of analysts have commented on the stock. Bank of America cut their price target on shares of Paysafe from $18.00 to $16.00 and set an "underperform" rating for the company in a research note on Monday, March 10th. Susquehanna cut their target price on shares of Paysafe from $17.00 to $15.00 and set a "neutral" rating for the company in a research note on Tuesday, April 22nd. Finally, UBS Group boosted their price target on Paysafe from $17.00 to $17.50 and gave the stock a "sell" rating in a research report on Wednesday, February 12th.
Check Out Our Latest Analysis on PSFE
Paysafe Price Performance
Shares of PSFE opened at $15.48 on Monday. The company's 50-day moving average is $15.43 and its 200-day moving average is $17.91. The company has a debt-to-equity ratio of 2.76, a current ratio of 1.14 and a quick ratio of 1.14. The firm has a market capitalization of $927.07 million, a PE ratio of -40.74, a PEG ratio of 0.48 and a beta of 1.90. 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 announced its quarterly 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 analyst estimates of $437.40 million. Paysafe had a negative net margin of 1.38% and a positive return on equity of 12.92%. Equities analysts forecast that Paysafe Limited will post 1.87 EPS for the current year.
Paysafe Profile
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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.
Further Reading
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