Paysafe Limited (NYSE:PSFE) Shares Sold by Voloridge Investment Management LLC

Voloridge Investment Management LLC lessened its holdings in Paysafe Limited (NYSE:PSFE - Free Report) by 23.7% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 128,762 shares of the company's stock after selling 40,041 shares during the quarter. Voloridge Investment Management LLC owned 0.21% of Paysafe worth $2,202,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors also recently added to or reduced their stakes in the company. Spire Wealth Management purchased a new stake in Paysafe in the 4th quarter valued at approximately $26,000. Bfsg LLC purchased a new stake in shares of Paysafe during the 4th quarter worth approximately $78,000. State of Wyoming boosted 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 acquiring an additional 1,980 shares in the last quarter. Quantbot Technologies LP acquired a new position in shares of Paysafe during the 4th quarter worth approximately $169,000. Finally, Graham Capital Management L.P. acquired a new position in shares of Paysafe during the 4th quarter worth approximately $193,000. Hedge funds and other institutional investors own 54.39% of the company's stock.

Analyst Ratings Changes

PSFE has been the subject of several research reports. Bank of America upgraded Paysafe from an "underperform" rating to a "neutral" rating and set a $14.30 price objective for the company in a research report on Friday, May 16th. Susquehanna cut their price target on Paysafe from $17.00 to $15.00 and set a "neutral" rating for the company in a report on Tuesday, April 22nd. Finally, UBS Group increased their price target on Paysafe from $17.00 to $17.50 and gave the company a "sell" rating in a report on Wednesday, February 12th.

Paysafe Stock Down 1.3%

Shares of PSFE stock traded down $0.16 during trading hours on Friday, hitting $12.34. 447,072 shares of the company were exchanged, compared to its average volume of 332,639. The company has a debt-to-equity ratio of 2.76, a quick ratio of 1.14 and a current ratio of 1.14. The business's 50-day simple moving average is $14.38 and its two-hundred day simple moving average is $16.92. Paysafe Limited has a one year low of $11.60 and a one year high of $26.25. The stock has a market capitalization of $739.02 million, a price-to-earnings ratio of -32.47, a P/E/G ratio of 0.48 and a beta of 1.90.

Paysafe (NYSE:PSFE - Get Free Report) last released its quarterly earnings results on Thursday, March 6th. The company reported $0.43 earnings per share for the quarter, missing analysts' consensus estimates of $0.60 by ($0.17). The business had revenue of $420.07 million for the quarter, compared to the consensus estimate of $437.40 million. Paysafe had a negative net margin of 1.38% and a positive return on equity of 12.92%. Sell-side 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.