Paysafe (NYSE:PSFE) Sets New 1-Year Low - Should You Sell?

Paysafe Limited (NYSE:PSFE - Get Free Report) shares reached a new 52-week low during mid-day 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.

Analyst Ratings Changes

A number of brokerages have weighed in on PSFE. UBS Group lifted their price target 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 target price on shares of Paysafe from $17.00 to $15.00 and set a "neutral" rating on the stock in a report on Tuesday, April 22nd. Finally, Bank of America raised shares of Paysafe from an "underperform" rating to a "neutral" rating and set a $14.30 price target for the company in a research report on Friday, May 16th.

Paysafe Stock Performance

The stock has a market cap of $742.61 million, a PE ratio of -32.63, a PEG ratio of 0.48 and a beta of 1.90. The stock has a fifty day simple moving average of $15.15 and a two-hundred day simple moving average of $17.53. The company has a debt-to-equity ratio of 2.76, a quick ratio of 1.14 and a current ratio of 1.14.

Paysafe (NYSE:PSFE - Get Free Report) last posted its 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). The firm had revenue of $420.07 million for the quarter, compared to analyst estimates of $437.40 million. Paysafe had a positive return on equity of 12.92% and a negative net margin of 1.38%. Equities analysts anticipate that Paysafe Limited will post 1.87 EPS for the current fiscal year.

Hedge Funds Weigh In On Paysafe

A number of institutional investors have recently made changes to their positions in the business. Topline Capital Management LLC acquired a new stake in Paysafe in the fourth quarter valued at $34,481,000. Sunriver Management LLC bought a new stake in shares of Paysafe in the 1st quarter worth about $18,917,000. Private Management Group Inc. increased its position in shares of Paysafe by 116.6% in the 1st quarter. Private Management Group Inc. now owns 1,075,043 shares of the company's stock worth $16,867,000 after purchasing an additional 578,606 shares during the last quarter. AustralianSuper Pty Ltd acquired a new stake in shares of Paysafe in the 1st quarter valued at about $4,510,000. Finally, Raymond James Financial Inc. acquired a new stake in shares of Paysafe in the 4th quarter valued at about $1,944,000. 54.39% of the stock is 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.

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