Paysafe (NYSE:PSFE) Price Target Raised to $16.50 at UBS Group

Paysafe (NYSE:PSFE - Free Report) had its price objective lifted by UBS Group from $11.00 to $16.50 in a research report sent to investors on Wednesday morning, Benzinga reports. UBS Group currently has a sell rating on the stock.

A number of other research firms also recently issued reports on PSFE. Royal Bank of Canada lifted their price target on shares of Paysafe from $16.00 to $20.00 and gave the company a sector perform rating in a research report on Tuesday. Susquehanna boosted their target price on Paysafe from $14.00 to $16.00 and gave the stock a neutral rating in a research report on Tuesday. Bank of America raised their price target on Paysafe from $13.40 to $14.60 and gave the company an underperform rating in a research report on Monday, April 15th. Finally, BTIG Research initiated coverage on shares of Paysafe in a research report on Wednesday, January 17th. They issued a buy rating and a $19.00 price objective on the stock. Three investment analysts have rated the stock with a sell rating, three have given a hold rating and two have issued a buy rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of Hold and an average price target of $22.01.

Paysafe Stock Down 3.3 %

PSFE traded down $0.63 on Wednesday, reaching $18.21. The company's stock had a trading volume of 707,597 shares, compared to its average volume of 448,715. The company has a quick ratio of 1.11, a current ratio of 1.11 and a debt-to-equity ratio of 2.82. Paysafe has a fifty-two week low of $9.25 and a fifty-two week high of $19.83. The stock has a 50 day moving average of $14.87 and a two-hundred day moving average of $13.41. The company has a market capitalization of $1.11 billion, a price-to-earnings ratio of -84.05, a P/E/G ratio of 0.39 and a beta of 1.84.

Paysafe (NYSE:PSFE - Get Free Report) last released its quarterly earnings results on Thursday, March 7th. The company reported $0.66 EPS for the quarter, topping the consensus estimate of $0.63 by $0.03. Paysafe had a positive return on equity of 15.22% and a negative net margin of 0.82%. The business had revenue of $414.50 million during the quarter, compared to analysts' expectations of $414.52 million. During the same quarter in the prior year, the business earned $0.54 earnings per share. The company's quarterly revenue was up 8.1% compared to the same quarter last year. As a group, analysts forecast that Paysafe will post 2.05 EPS for the current fiscal year.

Hedge Funds Weigh In On Paysafe

Several large investors have recently added to or reduced their stakes in PSFE. SG Americas Securities LLC purchased a new position in shares of Paysafe in the 3rd quarter valued at $119,000. Raymond James & Associates lifted its stake in shares of Paysafe by 2.6% during the third quarter. Raymond James & Associates now owns 115,010 shares of the company's stock worth $1,379,000 after purchasing an additional 2,877 shares in the last quarter. Bank of New York Mellon Corp boosted its position in shares of Paysafe by 3.4% in the third quarter. Bank of New York Mellon Corp now owns 100,914 shares of the company's stock worth $1,210,000 after buying an additional 3,337 shares during the period. Jump Financial LLC acquired a new stake in shares of Paysafe in the third quarter valued at about $361,000. Finally, Janney Montgomery Scott LLC purchased a new stake in shares of Paysafe during the 3rd quarter valued at about $717,000. 54.39% of the stock is currently owned by hedge funds and other institutional investors.

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.