Susquehanna Has Lowered Expectations for Paysafe (NYSE:PSFE) Stock Price

Paysafe (NYSE:PSFE - Free Report) had its price objective trimmed by Susquehanna from $17.00 to $15.00 in a report published on Tuesday morning,Benzinga reports. The firm currently has a neutral rating on the stock.

A number of other analysts also recently issued reports on PSFE. UBS Group raised their price target on shares of Paysafe from $17.00 to $17.50 and gave the stock a "sell" rating in a report on Wednesday, February 12th. Bank of America cut their target price on Paysafe from $18.00 to $16.00 and set an "underperform" rating for the company in a research note on Monday, March 10th.

Paysafe Trading Up 1.7 %

Paysafe stock traded up $0.26 during trading on Tuesday, reaching $15.50. 169,432 shares of the company were exchanged, compared to its average volume of 327,348. The company has a debt-to-equity ratio of 2.76, a current ratio of 1.14 and a quick ratio of 1.14. The stock's 50 day simple moving average is $16.18 and its two-hundred day simple moving average is $18.42. The company has a market capitalization of $928.38 million, a P/E ratio of -40.79, a PEG ratio of 0.48 and a beta of 1.91. Paysafe has a 52-week low of $13.01 and a 52-week high of $26.25.

Paysafe (NYSE:PSFE - Get Free Report) last posted its quarterly earnings results on Thursday, March 6th. The company reported $0.43 EPS for the quarter, missing the consensus estimate of $0.60 by ($0.17). Paysafe had a positive return on equity of 12.92% and a negative net margin of 1.38%. The company had revenue of $420.07 million for the quarter, compared to analysts' expectations of $437.40 million. On average, equities research analysts expect that Paysafe will post 1.87 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Paysafe

Hedge funds have recently made changes to their positions in the stock. Mirae Asset Global Investments Co. Ltd. raised its position 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. Spire Wealth Management grew its stake in shares of 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 buying an additional 1,330 shares in the last quarter. Bfsg LLC raised its holdings in shares of Paysafe by 113.9% in the 1st quarter. Bfsg LLC now owns 9,700 shares of the company's stock valued at $152,000 after buying an additional 5,165 shares during the period. GAMMA Investing LLC lifted its stake in Paysafe by 10,940.7% during the 1st quarter. GAMMA Investing LLC now owns 2,981 shares of the company's stock worth $47,000 after acquiring an additional 2,954 shares in the last quarter. Finally, Mackenzie Financial Corp purchased a new position in Paysafe during the 4th quarter valued at about $432,000. Hedge funds and other institutional investors own 54.39% of the company's stock.

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.