Goldman Sachs Group Inc. Reduces Position in Paysafe Limited $PSFE

Key Points

• Goldman Sachs reduced its stake in Paysafe Limited by 59.4%, now holding 97,706 shares worth approximately $1.53 million.
• Several other investors have significantly increased their positions in Paysafe, including Mirae Asset Global Investments, which raised its stake by 1,385.5% during the first quarter.
• Analysts have assigned a consensus rating of "Hold" to Paysafe, with a price target of $16.95, while the stock currently opens at about $13.84.

Goldman Sachs Group Inc. trimmed its stake in shares of Paysafe Limited (NYSE:PSFE - Free Report) by 59.4% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 97,706 shares of the company's stock after selling 142,941 shares during the quarter. Goldman Sachs Group Inc. owned about 0.16% of Paysafe worth $1,533,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds also recently added to or reduced their stakes in the company. Spire Wealth Management lifted its position in Paysafe by 87.8% during the 1st quarter. Spire Wealth Management now owns 2,845 shares of the company's stock worth $45,000 after acquiring an additional 1,330 shares during the period. GAMMA Investing LLC lifted its position in Paysafe by 10,940.7% during the 1st quarter. GAMMA Investing LLC now owns 2,981 shares of the company's stock worth $47,000 after acquiring an additional 2,954 shares during the period. Mirae Asset Global Investments Co. Ltd. lifted its position in Paysafe by 1,385.5% during the 1st quarter. Mirae Asset Global Investments Co. Ltd. now owns 3,075 shares of the company's stock worth $48,000 after acquiring an additional 2,868 shares during the period. State of Wyoming raised its stake in shares of Paysafe by 38.2% during 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 in the last quarter. Finally, Bfsg LLC lifted its holdings in shares of Paysafe by 113.9% in the 1st quarter. Bfsg LLC now owns 9,700 shares of the company's stock valued at $152,000 after buying an additional 5,165 shares during the period. 54.39% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Separately, BTIG Research reissued a "buy" rating on shares of Paysafe in a report on Tuesday, August 12th. One equities research analyst has rated the stock with a Buy rating, three have given a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Hold" and a consensus price target of $16.95.

Paysafe Price Performance

Shares of PSFE traded up $0.01 during mid-day trading on Tuesday, hitting $13.68. The company's stock had a trading volume of 17,647 shares, compared to its average volume of 379,885. The company has a current ratio of 1.20, a quick ratio of 1.20 and a debt-to-equity ratio of 3.15. The firm has a 50-day simple moving average of $13.44 and a 200 day simple moving average of $13.87. The firm has a market capitalization of $819.06 million, a P/E ratio of -16.09 and a beta of 1.79. Paysafe Limited has a 1-year low of $10.63 and a 1-year high of $26.25.

Paysafe (NYSE:PSFE - Get Free Report) last released its quarterly earnings data on Tuesday, August 12th. The company reported $0.46 earnings per share 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 last year, the business posted $0.59 EPS. Paysafe's quarterly revenue was down 2.7% on a year-over-year basis. Paysafe has set its FY 2025 guidance at 2.210-2.510 EPS. Analysts predict that Paysafe Limited will post 1.87 EPS for the current fiscal year.

Paysafe Company Profile

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.