Paysafe (NYSE:PSFE) Sets New 12-Month Low - Here's What Happened

Key Points

• Paysafe Limited (NYSE: PSFE) reached a new 52-week low, trading as low as $11.58, impacting market sentiment and revealing volatility in its stock performance.
• Analysts have made recent changes to their ratings, with Susquehanna cutting the price target to $15.00 and Bank of America raising its rating to "neutral" with a target of $14.30.
• Institutional investors control 54.39% of Paysafe's shares, reflecting significant interest from large investment firms amid ongoing market fluctuations.

Paysafe Limited (NYSE:PSFE - Get Free Report)'s stock price hit a new 52-week low during trading on Friday . The company traded as low as $11.58 and last traded at $11.70, with a volume of 27700 shares. The stock had previously closed at $12.15.

Analyst Upgrades and Downgrades

PSFE has been the subject of a number of recent research reports. Susquehanna dropped their price objective on shares of Paysafe from $17.00 to $15.00 and set a "neutral" rating for the company in a research note on Tuesday, April 22nd. Bank of America raised shares of 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.

Paysafe Price Performance

The stock's fifty day moving average is $12.84 and its 200-day moving average is $15.24. The stock has a market capitalization of $688.14 million, a PE ratio of -574.50, a P/E/G ratio of 0.32 and a beta of 1.78. The company has a debt-to-equity ratio of 2.75, a current ratio of 1.16 and a quick ratio of 1.16.

Institutional Investors Weigh In On Paysafe

Several hedge funds and other institutional investors have recently bought and sold shares of the company. Spire Wealth Management boosted its stake in Paysafe by 33.4% during the second quarter. Spire Wealth Management now owns 3,795 shares of the company's stock worth $48,000 after buying an additional 950 shares during the period. Principal Financial Group Inc. boosted its stake in shares of Paysafe by 2.8% in the first quarter. Principal Financial Group Inc. now owns 38,769 shares of the company's stock valued at $608,000 after purchasing an additional 1,042 shares during the period. Mitsubishi UFJ Asset Management Co. Ltd. boosted its stake in shares of Paysafe by 11.2% in the first quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 12,315 shares of the company's stock valued at $193,000 after purchasing an additional 1,237 shares during the period. Price T Rowe Associates Inc. MD boosted its stake in shares of Paysafe by 16.3% in the fourth quarter. Price T Rowe Associates Inc. MD now owns 12,207 shares of the company's stock valued at $209,000 after purchasing an additional 1,709 shares during the period. Finally, Bfsg LLC lifted its stake in Paysafe by 19.4% in the second quarter. Bfsg LLC now owns 11,585 shares of the company's stock worth $146,000 after acquiring an additional 1,885 shares during the last quarter. 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.