Paysafe (NYSE:PSFE) Sets New 52-Week Low - Here's What Happened

Paysafe Limited (NYSE:PSFE - Get Free Report)'s share price reached a new 52-week low during trading on Friday . The company traded as low as $13.91 and last traded at $13.66, with a volume of 129965 shares changing hands. The stock had previously closed at $14.96.

Analyst Ratings Changes

A number of research firms have recently weighed in on PSFE. UBS Group upped their price target on shares of Paysafe from $17.00 to $17.50 and gave the stock a "sell" rating in a research note on Wednesday, February 12th. Susquehanna lowered their target price on shares of Paysafe from $21.00 to $17.00 and set a "neutral" rating on the stock in a research report on Wednesday, March 5th. Finally, Bank of America reduced their price target on shares of Paysafe from $18.00 to $16.00 and set an "underperform" rating for the company in a research report on Monday, March 10th.

Paysafe Stock Up 15.8 %

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 firm has a 50 day moving average price of $17.77 and a 200-day moving average price of $19.09. The firm has a market cap of $934.69 million, a price-to-earnings ratio of -40.47, a P/E/G ratio of 0.48 and a beta of 1.91.

Paysafe (NYSE:PSFE - Get Free Report) last announced its earnings results on Thursday, March 6th. The company reported $0.43 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.60 by ($0.17). The business 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%. On average, equities analysts forecast that Paysafe Limited will post 1.87 EPS for the current year.

Institutional Investors Weigh In On Paysafe

A number of large investors have recently bought and sold shares of the stock. GAMMA Investing LLC lifted its position in shares of Paysafe by 10,940.7% in the first quarter. GAMMA Investing LLC now owns 2,981 shares of the company's stock valued at $47,000 after acquiring an additional 2,954 shares in the last quarter. Mackenzie Financial Corp acquired a new position in Paysafe in the 4th quarter valued at about $432,000. Two Sigma Investments LP lifted its holdings in Paysafe by 5.3% in the 4th quarter. Two Sigma Investments LP now owns 200,669 shares of the company's stock valued at $3,431,000 after purchasing an additional 10,084 shares in the last quarter. State of Wyoming boosted its stake in shares of Paysafe by 38.2% during the 4th quarter. State of Wyoming now owns 7,162 shares of the company's stock worth $122,000 after purchasing an additional 1,980 shares during the last quarter. Finally, Steamboat Capital Partners LLC purchased a new stake in shares of Paysafe during the fourth quarter worth about $1,151,000. 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.