Paysafe (NYSE:PSFE) Reaches New 52-Week Low - Here's Why

Paysafe Limited (NYSE:PSFE - Get Free Report)'s share price hit a new 52-week low during trading on Wednesday . The company traded as low as $12.34 and last traded at $12.40, with a volume of 457726 shares. The stock had previously closed at $12.70.

Wall Street Analyst Weigh In

A number of equities research analysts recently commented on PSFE shares. UBS Group upped their price objective on Paysafe from $17.00 to $17.50 and gave the company a "sell" rating in a report on Wednesday, February 12th. Susquehanna lowered their price target on 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 upgraded shares of Paysafe from an "underperform" rating to a "neutral" rating and set a $14.30 price target on the stock in a research report on Friday, May 16th.

Paysafe Stock Performance

The company's fifty day simple moving average is $14.89 and its 200 day simple moving average is $17.28. The company has a quick ratio of 1.14, a current ratio of 1.14 and a debt-to-equity ratio of 2.76. The stock has a market capitalization of $719.85 million, a price-to-earnings ratio of -31.63, a P/E/G ratio of 0.48 and a beta of 1.90.

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 analysts' consensus estimates of $0.60 by ($0.17). Paysafe had a negative net margin of 1.38% and a positive return on equity of 12.92%. The company had revenue of $420.07 million during the quarter, compared to analyst estimates of $437.40 million. On average, equities research analysts expect that Paysafe Limited will post 1.87 earnings per share for the current year.

Institutional Investors Weigh In On Paysafe

Institutional investors and hedge funds have recently made changes to their positions in the stock. SG Americas Securities LLC boosted its position in shares of Paysafe by 5.7% during the 4th quarter. SG Americas Securities LLC now owns 13,903 shares of the company's stock worth $238,000 after purchasing an additional 754 shares in the last quarter. JPMorgan Chase & Co. raised its holdings in Paysafe by 5.8% during the third quarter. JPMorgan Chase & Co. now owns 15,183 shares of the company's stock worth $341,000 after buying an additional 835 shares during the last quarter. Principal Financial Group Inc. increased its position in shares of Paysafe by 2.8% during the first quarter. Principal Financial Group Inc. now owns 38,769 shares of the company's stock worth $608,000 after acquiring an additional 1,042 shares in the last quarter. Mitsubishi UFJ Asset Management Co. Ltd. lifted its position in shares of Paysafe by 11.2% during the 1st quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 12,315 shares of the company's stock worth $193,000 after buying an additional 1,237 shares in the last quarter. Finally, Spire Wealth Management boosted its stake in shares of Paysafe by 87.8% in the 1st quarter. Spire Wealth Management now owns 2,845 shares of the company's stock worth $45,000 after buying an additional 1,330 shares during the last quarter. Institutional investors and hedge funds own 54.39% of the company's stock.

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.