Private Management Group Inc. lifted its holdings in shares of Paysafe Limited (NYSE:PSFE - Free Report) by 116.6% during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,075,043 shares of the company's stock after purchasing an additional 578,606 shares during the quarter. Private Management Group Inc. owned 1.80% of Paysafe worth $16,867,000 at the end of the most recent quarter.
Several other institutional investors have also modified their holdings of the business. Mirae Asset Global Investments Co. Ltd. increased its stake 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 purchasing an additional 2,868 shares in the last quarter. Spire Wealth Management lifted its position in Paysafe by 87.8% in the 1st quarter. Spire Wealth Management now owns 2,845 shares of the company's stock valued at $45,000 after acquiring an additional 1,330 shares in the last quarter. Quantbot Technologies LP bought a new position in Paysafe during the 4th quarter worth about $169,000. Invesco Ltd. raised its stake in shares of Paysafe by 2.2% in the 4th quarter. Invesco Ltd. now owns 95,381 shares of the company's stock valued at $1,631,000 after purchasing an additional 2,050 shares during the period. Finally, Principal Financial Group Inc. lifted its holdings in shares of Paysafe by 2.8% in the first quarter. Principal Financial Group Inc. now owns 38,769 shares of the company's stock valued at $608,000 after purchasing an additional 1,042 shares in the last quarter. Institutional investors own 54.39% of the company's stock.
Analysts Set New Price Targets
PSFE has been the subject of several recent research reports. 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 report on Friday, May 16th. Susquehanna lowered their target price on Paysafe from $17.00 to $15.00 and set a "neutral" rating on the stock in a research report on Tuesday, April 22nd.
Read Our Latest Report on Paysafe
Paysafe Stock Performance
NYSE PSFE opened at $13.53 on Friday. The firm has a market capitalization of $810.19 million, a P/E ratio of -676.40, a price-to-earnings-growth ratio of 0.38 and a beta of 1.79. The company has a current ratio of 1.16, a quick ratio of 1.16 and a debt-to-equity ratio of 2.75. The firm's fifty day moving average price is $12.82 and its two-hundred day moving average price is $15.52. Paysafe Limited has a 1 year low of $11.60 and a 1 year high of $26.25.
Paysafe Company 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.
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