Paysafe (NYSE:PSFE) Price Target Increased to $20.00 by Analysts at Royal Bank of Canada

Paysafe (NYSE:PSFE - Free Report) had its price objective raised by Royal Bank of Canada from $16.00 to $20.00 in a report published on Tuesday, Benzinga reports. Royal Bank of Canada currently has a sector perform rating on the stock.

A number of other equities analysts also recently commented on the stock. Susquehanna increased their price objective on shares of Paysafe from $14.00 to $16.00 and gave the stock a neutral rating in a research note on Tuesday. Bank of America increased their price objective on Paysafe from $13.40 to $14.60 and gave the company an underperform rating in a report on Monday, April 15th. Finally, BTIG Research assumed coverage on shares of Paysafe in a research report on Wednesday, January 17th. They set a buy rating and a $19.00 price target on the stock. Three research analysts have rated the stock with a sell rating, three have issued a hold rating and two have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of Hold and a consensus price target of $21.20.

Paysafe Trading Up 20.3 %

NYSE:PSFE traded up $3.18 on Tuesday, hitting $18.85. 1,736,664 shares of the stock were exchanged, compared to its average volume of 445,928. The company has a debt-to-equity ratio of 2.82, a quick ratio of 1.11 and a current ratio of 1.11. Paysafe has a 52 week low of $9.25 and a 52 week high of $19.83. The stock has a market capitalization of $1.15 billion, a price-to-earnings ratio of -57.12, a P/E/G ratio of 0.38 and a beta of 1.84. The company's 50-day moving average price is $14.87 and its 200 day moving average price is $13.41.

Paysafe (NYSE:PSFE - Get Free Report) last issued its earnings results on Thursday, March 7th. The company reported $0.66 EPS for the quarter, beating the consensus estimate of $0.63 by $0.03. The firm 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 business's quarterly revenue was up 8.1% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.54 earnings per share. On average, equities research analysts forecast that Paysafe will post 2.05 earnings per share for the current year.

Institutional Investors Weigh In On Paysafe

A number of large investors have recently bought and sold shares of PSFE. Cannae Holdings Inc. grew its stake in Paysafe by 92.9% in the 1st quarter. Cannae Holdings Inc. now owns 3,379,887 shares of the company's stock valued at $53,368,000 after purchasing an additional 1,628,183 shares during the period. Adage Capital Partners GP L.L.C. grew its stake in Paysafe by 37.4% in the 3rd quarter. Adage Capital Partners GP L.L.C. now owns 1,155,486 shares of the company's stock worth $13,854,000 after buying an additional 314,617 shares in the last quarter. Ancora Advisors LLC bought a new position in shares of Paysafe during the 3rd quarter valued at about $2,928,000. CastleKnight Management LP increased its stake in shares of Paysafe by 631.6% during the fourth quarter. CastleKnight Management LP now owns 112,241 shares of the company's stock valued at $1,436,000 after buying an additional 96,900 shares during the period. Finally, Janney Montgomery Scott LLC purchased a new position in shares of Paysafe in the 3rd quarter valued at approximately $717,000. 54.39% of the stock is currently owned by institutional investors and hedge funds.

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.