Paysafe (NYSE:PSFE) Sets New 52-Week Low - Time to Sell?

Paysafe Limited (NYSE:PSFE - Get Free Report) shares hit a new 52-week low during trading on Tuesday . The stock traded as low as $11.60 and last traded at $12.22, with a volume of 660712 shares traded. The stock had previously closed at $12.00.

Wall Street Analyst Weigh In

A number of research analysts recently weighed in on the stock. UBS Group raised their target price on shares of Paysafe from $17.00 to $17.50 and gave the company a "sell" rating in a research report on Wednesday, February 12th. Susquehanna reduced 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. Finally, Bank of America raised Paysafe from an "underperform" rating to a "neutral" rating and set a $14.30 target price on the stock in a research report on Friday, May 16th.

Paysafe Price Performance

The company has a current ratio of 1.14, a quick ratio of 1.14 and a debt-to-equity ratio of 2.76. The company has a market capitalization of $767.76 million, a P/E ratio of -33.74, a P/E/G ratio of 0.48 and a beta of 1.90. The company has a 50 day moving average price of $14.60 and a 200 day moving average price of $17.13.

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

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently bought and sold shares of PSFE. Spire Wealth Management bought a new stake in shares of Paysafe during the fourth quarter worth approximately $26,000. GAMMA Investing LLC lifted its holdings 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 purchasing an additional 2,954 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. boosted its stake in Paysafe by 1,385.5% in the 1st 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. Bfsg LLC bought a new position in Paysafe during the 4th quarter worth $78,000. Finally, State of Wyoming lifted its holdings in shares of Paysafe by 38.2% during the fourth quarter. State of Wyoming now owns 7,162 shares of the company's stock worth $122,000 after buying an additional 1,980 shares in the last quarter. Institutional investors and hedge funds 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.