Russell Investments Group Ltd. Has $2.29 Million Holdings in Paysafe Limited $PSFE

Key Points

• Russell Investments Group Ltd. reduced its stake in Paysafe Limited by 20.3%, selling 37,042 shares and owning 145,723 shares valued at approximately $2.3 million as of the latest quarter.
• Several institutional investors, including Mirae Asset and GAMMA Investing LLC, significantly increased their stakes in Paysafe Limited, with some raising stakes by over 10,000% during the same period.
• Paysafe's stock is currently priced at $13.99, having a 1-year low of $10.63 and high of $26.25, with analysts forecasting a consensus rating of "Hold" and average target price of $16.95.

Russell Investments Group Ltd. trimmed its stake in Paysafe Limited (NYSE:PSFE - Free Report) by 20.3% in the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 145,723 shares of the company's stock after selling 37,042 shares during the period. Russell Investments Group Ltd. owned about 0.24% of Paysafe worth $2,286,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also bought and sold shares of the company. Spire Wealth Management increased its holdings in Paysafe by 87.8% in the first quarter. Spire Wealth Management now owns 2,845 shares of the company's stock valued at $45,000 after purchasing an additional 1,330 shares during the period. GAMMA Investing LLC increased its holdings in Paysafe by 10,940.7% in the first quarter. GAMMA Investing LLC now owns 2,981 shares of the company's stock valued at $47,000 after purchasing an additional 2,954 shares during the period. Mirae Asset Global Investments Co. Ltd. increased its holdings in Paysafe by 1,385.5% in the first quarter. Mirae Asset Global Investments Co. Ltd. now owns 3,075 shares of the company's stock valued at $48,000 after purchasing an additional 2,868 shares during the period. State of Wyoming increased its holdings in Paysafe by 38.2% in the fourth quarter. State of Wyoming now owns 7,162 shares of the company's stock valued at $122,000 after purchasing an additional 1,980 shares during the period. Finally, Bfsg LLC increased its holdings in Paysafe by 113.9% in the first quarter. Bfsg LLC now owns 9,700 shares of the company's stock valued at $152,000 after purchasing an additional 5,165 shares during the period. 54.39% of the stock is currently owned by institutional investors and hedge funds.

Paysafe Stock Down 0.1%

Shares of PSFE stock traded down $0.02 on Friday, reaching $14.10. 219,685 shares of the company were exchanged, compared to its average volume of 381,557. The company has a market cap of $844.15 million, a price-to-earnings ratio of -16.58 and a beta of 1.78. The company has a 50-day moving average of $13.15 and a 200-day moving average of $14.46. The company has a debt-to-equity ratio of 3.15, a current ratio of 1.20 and a quick ratio of 1.20. Paysafe Limited has a one year low of $10.63 and a one 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 (EPS) for the quarter, topping analysts' consensus estimates of $0.45 by $0.01. The company had revenue of $428.22 million for the quarter, compared to analysts' expectations of $424.11 million. Paysafe had a negative net margin of 2.93% and a positive return on equity of 9.64%. The business's revenue was down 2.7% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.59 EPS. Paysafe has set its FY 2025 guidance at 2.210-2.510 EPS. Analysts anticipate that Paysafe Limited will post 1.87 earnings per share for the current year.

Analyst Upgrades and Downgrades

A number of brokerages have commented on PSFE. BTIG Research reaffirmed a "buy" rating on shares of Paysafe in a research report on Tuesday, August 12th. Bank of America raised shares of Paysafe from an "underperform" rating to a "neutral" rating and set a $14.30 price target on the stock in a research report on Friday, May 16th. One research analyst has rated the stock with a Buy rating, three have assigned a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, Paysafe 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.