Charles Schwab Investment Management Inc. Buys 89,685 Shares of Paysafe Limited $PSFE

Key Points

• Charles Schwab Investment Management Inc. increased its stake in Paysafe Limited by 115.3%, owning 167,496 shares valued at approximately $2.63 million as of the latest SEC filing.
• Paysafe's recent earnings report showed a quarterly EPS of $0.46, exceeding expectations by $0.01, despite a 2.7% decline in year-over-year revenue.
• Analysts have mixed views on Paysafe, with one "Buy" rating, three "Hold" ratings, and a "Sell" rating, resulting in an average target price of $16.95.

Charles Schwab Investment Management Inc. boosted its holdings in shares of Paysafe Limited (NYSE:PSFE - Free Report) by 115.3% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 167,496 shares of the company's stock after buying an additional 89,685 shares during the period. Charles Schwab Investment Management Inc. owned about 0.28% of Paysafe worth $2,628,000 as of its most recent SEC filing.

A number of other institutional investors have also recently bought and sold shares of PSFE. Spire Wealth Management boosted its stake in Paysafe by 87.8% during the first quarter. Spire Wealth Management now owns 2,845 shares of the company's stock worth $45,000 after buying an additional 1,330 shares in the last quarter. GAMMA Investing LLC boosted its stake in Paysafe by 10,940.7% during the first quarter. GAMMA Investing LLC now owns 2,981 shares of the company's stock worth $47,000 after buying an additional 2,954 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. boosted its stake in Paysafe by 1,385.5% during the first quarter. Mirae Asset Global Investments Co. Ltd. now owns 3,075 shares of the company's stock worth $48,000 after buying an additional 2,868 shares in the last quarter. State of Wyoming boosted its stake in Paysafe by 38.2% during the fourth 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 boosted its stake in Paysafe by 113.9% during the first quarter. Bfsg LLC now owns 9,700 shares of the company's stock worth $152,000 after buying an additional 5,165 shares in the last quarter. Institutional investors and hedge funds own 54.39% of the company's stock.

Paysafe Price Performance

Shares of Paysafe stock traded down $0.20 during trading on Wednesday, reaching $13.34. The company's stock had a trading volume of 98,185 shares, compared to its average volume of 388,417. The stock has a 50-day moving average price of $13.20 and a two-hundred day moving average price of $14.35. 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 one year low of $10.63 and a one year high of $26.25. The stock has a market capitalization of $799.17 million, a P/E ratio of -15.67 and a beta of 1.79.

Paysafe (NYSE:PSFE - Get Free Report) last issued its quarterly earnings results on Tuesday, August 12th. The company reported $0.46 EPS for the quarter, topping the consensus estimate of $0.45 by $0.01. Paysafe had a negative net margin of 2.93% and a positive return on equity of 9.64%. The company had revenue of $428.22 million during the quarter, compared to analysts' expectations of $424.11 million. During the same quarter in the previous year, the company earned $0.59 EPS. Paysafe's revenue was down 2.7% on a year-over-year basis. Paysafe has set its FY 2025 guidance at 2.210-2.510 EPS. As a group, sell-side analysts anticipate that Paysafe Limited will post 1.87 EPS for the current fiscal year.

Analysts Set New Price Targets

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

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.