Ancora Advisors LLC Cuts Position in Paysafe Limited $PSFE

Key Points

• Ancora Advisors LLC significantly reduced its stake in Paysafe Limited by 76.1%, selling 183,086 shares and retaining only 57,370 shares worth $900,000.
• Several other hedge funds increased their investments in Paysafe, with Spire Wealth Management growing its stake by 87.8% and GAMMA Investing LLC increasing it by a staggering 10,940.7%.
• Paysafe reported earnings of $0.46 per share, slightly exceeding analysts' estimates, but its revenue of $428.22 million marked a 2.7% year-over-year decline.

Ancora Advisors LLC decreased its position in shares of Paysafe Limited (NYSE:PSFE - Free Report) by 76.1% during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 57,370 shares of the company's stock after selling 183,086 shares during the quarter. Ancora Advisors LLC owned approximately 0.10% of Paysafe worth $900,000 at the end of the most recent quarter.

Other institutional investors have also recently made changes to their positions in the company. Sunriver Management LLC purchased a new position in Paysafe during the 1st quarter valued at about $18,917,000. Private Management Group Inc. boosted its stake in shares of Paysafe by 116.6% during the first quarter. Private Management Group Inc. now owns 1,075,043 shares of the company's stock valued at $16,867,000 after purchasing an additional 578,606 shares in the last quarter. AustralianSuper Pty Ltd bought a new position in shares of Paysafe during the first quarter valued at approximately $4,510,000. Nuveen LLC purchased a new position in shares of Paysafe in the 1st quarter valued at $1,439,000. Finally, Charles Schwab Investment Management Inc. grew its stake in Paysafe by 115.3% in the first quarter. Charles Schwab Investment Management Inc. now owns 167,496 shares of the company's stock valued at $2,628,000 after purchasing an additional 89,685 shares during the last quarter. Hedge funds and other institutional investors own 54.39% of the company's stock.

Paysafe Price Performance

Shares of Paysafe stock traded up $0.47 during trading hours on Thursday, reaching $14.41. The stock had a trading volume of 177,598 shares, compared to its average volume of 261,361. The firm has a market capitalization of $862.90 million, a PE ratio of -16.95 and a beta of 1.79. The stock's 50 day moving average is $13.37 and its 200 day moving average is $14.11. The company has a current ratio of 1.20, a quick ratio of 1.20 and a debt-to-equity ratio of 3.15. Paysafe Limited has a twelve month low of $10.63 and a twelve month high of $26.25.

Paysafe (NYSE:PSFE - Get Free Report) last posted its quarterly earnings data on Tuesday, August 12th. The company reported $0.46 EPS for the quarter, beating the consensus estimate of $0.45 by $0.01. Paysafe had a positive return on equity of 9.64% and a negative net margin of 2.93%.The firm had revenue of $428.22 million during the quarter, compared to the consensus estimate of $424.11 million. During the same period in the prior year, the company earned $0.59 EPS. The firm's revenue was down 2.7% compared to the same quarter last year. Paysafe has set its FY 2025 guidance at 2.210-2.510 EPS. Equities analysts expect that Paysafe Limited will post 1.87 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Several equities analysts have issued reports on PSFE shares. BTIG Research reaffirmed a "buy" rating on shares of Paysafe in a report on Tuesday, August 12th. Bank of America upgraded shares of Paysafe from an "underperform" rating to a "neutral" rating and set a $14.30 target price for the company in a research note on Friday, May 16th. One equities research analyst has rated the stock with a Buy rating, three have given a Hold rating and one has assigned a Sell rating to the company's stock. According to data from MarketBeat.com, the company presently has an average rating of "Hold" and an average price target of $16.95.

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.