BNP Paribas Financial Markets Invests $720,000 in Paysafe Limited (NYSE:PSFE)

BNP Paribas Financial Markets acquired a new position in shares of Paysafe Limited (NYSE:PSFE - Free Report) in the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor acquired 42,126 shares of the company's stock, valued at approximately $720,000. BNP Paribas Financial Markets owned about 0.07% of Paysafe as of its most recent SEC filing.

A number of other institutional investors have also recently added to or reduced their stakes in PSFE. Private Management Group Inc. purchased a new position in Paysafe in the 4th quarter valued at about $8,489,000. SG Americas Securities LLC increased its stake in shares of Paysafe by 5.7% in the fourth quarter. SG Americas Securities LLC now owns 13,903 shares of the company's stock valued at $238,000 after purchasing an additional 754 shares during the period. JPMorgan Chase & Co. increased its stake in shares of Paysafe by 5.8% in the third quarter. JPMorgan Chase & Co. now owns 15,183 shares of the company's stock valued at $341,000 after purchasing an additional 835 shares during the period. Principal Financial Group Inc. increased its stake in shares of Paysafe by 10.7% in the fourth quarter. Principal Financial Group Inc. now owns 37,727 shares of the company's stock valued at $645,000 after purchasing an additional 3,651 shares during the period. Finally, Quantbot Technologies LP acquired a new stake in shares of Paysafe in the fourth quarter valued at approximately $169,000. 54.39% of the stock is owned by hedge funds and other institutional investors.

Paysafe Trading Up 1.7%

PSFE traded up $0.21 during mid-day trading on Wednesday, hitting $12.66. The stock had a trading volume of 72,508 shares, compared to its average volume of 328,332. The stock's fifty day simple moving average is $14.69 and its 200-day simple moving average is $17.16. 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 $758.00 million, a price-to-earnings ratio of -33.28, a price-to-earnings-growth ratio of 0.48 and a beta of 1.90. Paysafe Limited has a 1-year low of $11.60 and a 1-year high of $26.25.

Paysafe (NYSE:PSFE - Get Free Report) last issued its quarterly earnings data on Thursday, March 6th. The company reported $0.43 EPS 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 company had revenue of $420.07 million for the quarter, compared to analyst estimates of $437.40 million. As a group, research analysts forecast that Paysafe Limited will post 1.87 EPS for the current fiscal year.

Analysts Set New Price Targets

A number of equities analysts have issued reports on the company. Susquehanna decreased their price target on Paysafe from $17.00 to $15.00 and set a "neutral" rating for the company in a research note on Tuesday, April 22nd. UBS Group boosted their target price on shares of Paysafe from $17.00 to $17.50 and gave the stock a "sell" rating in a research report on Wednesday, February 12th. Finally, Bank of America raised shares of Paysafe from an "underperform" rating to a "neutral" rating and set a $14.30 price target for the company in a report on Friday, May 16th.

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.