Shares of Paysafe Limited (NYSE:PSFE - Get Free Report) hit a new 52-week low on Friday . The company traded as low as $10.63 and last traded at $11.53, with a volume of 73092 shares trading hands. The stock had previously closed at $11.62.
Analysts Set New Price Targets
PSFE has been the subject of several analyst reports. Bank of America upgraded shares of Paysafe from an "underperform" rating to a "neutral" rating and set a $14.30 price target for the company in a report on Friday, May 16th. Susquehanna lowered their price target on shares of Paysafe from $17.00 to $15.00 and set a "neutral" rating for the company in a report on Tuesday, April 22nd.
Read Our Latest Report on Paysafe
Paysafe Stock Performance
The stock has a market cap of $706.64 million, a PE ratio of -589.95, 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 quick ratio of 1.16 and a current ratio of 1.16. The firm's 50-day moving average is $12.75 and its 200 day moving average is $15.01.
Hedge Funds Weigh In On Paysafe
A number of institutional investors and hedge funds have recently made changes to their positions in PSFE. Franklin Resources Inc. acquired a new position in shares of Paysafe during the 4th quarter worth $374,000. Invesco Ltd. grew its stake in Paysafe by 2.2% in the 4th quarter. Invesco Ltd. now owns 95,381 shares of the company's stock valued at $1,631,000 after acquiring an additional 2,050 shares during the last quarter. Renaissance Technologies LLC grew its stake in Paysafe by 10.4% in the 4th quarter. Renaissance Technologies LLC now owns 280,889 shares of the company's stock valued at $4,803,000 after acquiring an additional 26,400 shares during the last quarter. Raymond James Financial Inc. acquired a new stake in Paysafe in the 4th quarter valued at about $1,944,000. Finally, Optimize Financial Inc acquired a new stake in Paysafe in the 4th quarter valued at about $258,000. 54.39% of the stock is owned by institutional investors and hedge funds.
Paysafe Company Profile
(
Get Free Report)
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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