Paysafe (NYSE:PSFE) Hits New 52-Week High at $17.18

Paysafe Limited (NYSE:PSFE - Get Free Report) reached a new 52-week high during mid-day trading on Thursday . The company traded as high as $17.18 and last traded at $17.01, with a volume of 39938 shares traded. The stock had previously closed at $16.75.

Wall Street Analyst Weigh In

Separately, BTIG Research began coverage on shares of Paysafe in a report on Wednesday, January 17th. They set a "buy" rating and a $19.00 price objective for the company. Three investment analysts have rated the stock with a sell rating, three have given a hold rating and two have given a buy rating to the company. According to MarketBeat.com, Paysafe has an average rating of "Hold" and a consensus target price of $20.71.

Paysafe Price Performance

The company has a current ratio of 1.11, a quick ratio of 1.11 and a debt-to-equity ratio of 2.82. The company has a market capitalization of $985.41 million, a P/E ratio of -49.12, a P/E/G ratio of 0.43 and a beta of 1.86. The business's fifty day moving average price is $14.33 and its 200-day moving average price is $12.60.

Paysafe (NYSE:PSFE - Get Free Report) last posted its quarterly earnings results on Thursday, March 7th. The company reported $0.66 earnings per share for the quarter, topping the consensus estimate of $0.63 by $0.03. The business had revenue of $414.50 million during the quarter, compared to the consensus estimate of $414.52 million. Paysafe had a negative net margin of 1.26% and a positive return on equity of 15.85%. The firm's revenue for the quarter was up 8.1% on a year-over-year basis. During the same period in the previous year, the firm posted $0.54 earnings per share. As a group, sell-side analysts predict that Paysafe Limited will post 2.05 earnings per share for the current fiscal year.

Institutional Trading of Paysafe

Hedge funds have recently added to or reduced their stakes in the business. Point72 Hong Kong Ltd bought a new stake in Paysafe in the second quarter worth $29,000. Verition Fund Management LLC purchased a new position in shares of Paysafe in the second quarter valued at about $31,000. Meeder Asset Management Inc. increased its position in shares of Paysafe by 2,225.2% in the fourth quarter. Meeder Asset Management Inc. now owns 2,581 shares of the company's stock valued at $36,000 after acquiring an additional 2,470 shares during the period. Tower Research Capital LLC TRC increased its position in shares of Paysafe by 42.6% in the third quarter. Tower Research Capital LLC TRC now owns 3,180 shares of the company's stock valued at $38,000 after acquiring an additional 950 shares during the period. Finally, Beacon Pointe Advisors LLC purchased a new position in shares of Paysafe in the first quarter valued at about $50,000. 54.39% of the stock is owned by institutional investors.

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.