Paysafe (NYSE:PSFE) Trading Down 6.7% - What's Next?

Key Points

• Paysafe Limited's shares dropped by 6.7% to a low of $13.52, significantly below the previous close of $14.49, amid reduced trading volume.
• Equities analysts have mixed ratings for Paysafe, with a consensus rating of "Hold" and an average price target of $16.95, following recent upgrades and downgrades.
• The company's latest earnings report showed a 2.7% year-over-year revenue decline, yet it exceeded analysts’ expectations with earnings per share of $0.46.

Shares of Paysafe Limited (NYSE:PSFE - Get Free Report) traded down 6.7% during mid-day trading on Thursday . The stock traded as low as $13.58 and last traded at $13.52. 154,888 shares traded hands during trading, a decline of 61% from the average session volume of 400,401 shares. The stock had previously closed at $14.49.

Analyst Upgrades and Downgrades

Several equities analysts have issued reports on the company. Bank of America raised Paysafe from an "underperform" rating to a "neutral" rating and set a $14.30 price objective on the stock in a report on Friday, May 16th. Susquehanna dropped their price objective on Paysafe from $17.00 to $15.00 and set a "neutral" rating on the stock in a report on Tuesday, April 22nd. Finally, BTIG Research reaffirmed a "buy" rating on shares of Paysafe in a report on Tuesday. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and one has given a buy rating to the stock. Based on data from MarketBeat, Paysafe has a consensus rating of "Hold" and an average price target of $16.95.

Paysafe Price Performance

The company has a fifty day simple moving average of $12.82 and a two-hundred day simple moving average of $15.00. 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 company has a market capitalization of $806.39 million, a price-to-earnings ratio of -15.82, a P/E/G ratio of 0.38 and a beta of 1.78.

Paysafe (NYSE:PSFE - Get Free Report) last announced its quarterly earnings results on Tuesday, August 12th. The company reported $0.46 earnings per share for the quarter, topping analysts' consensus estimates of $0.45 by $0.01. Paysafe had a negative net margin of 2.93% and a positive return on equity of 9.46%. The firm had revenue of $428.22 million during the quarter, compared to analysts' expectations of $424.11 million. During the same period in the prior year, the company earned $0.59 EPS. The firm's revenue was down 2.7% on a year-over-year basis. As a group, research analysts anticipate that Paysafe Limited will post 1.87 earnings per share for the current year.

Institutional Investors Weigh In On Paysafe

A number of institutional investors have recently modified their holdings of PSFE. Franklin Resources Inc. acquired a new stake in shares of Paysafe in the fourth quarter valued at approximately $374,000. Invesco Ltd. boosted its holdings in Paysafe by 2.2% during the fourth quarter. Invesco Ltd. now owns 95,381 shares of the company's stock worth $1,631,000 after buying an additional 2,050 shares in the last quarter. Renaissance Technologies LLC boosted its holdings in Paysafe by 10.4% during the fourth quarter. Renaissance Technologies LLC now owns 280,889 shares of the company's stock worth $4,803,000 after buying an additional 26,400 shares in the last quarter. Raymond James Financial Inc. bought a new stake in Paysafe during the fourth quarter worth approximately $1,944,000. Finally, Barclays PLC boosted its holdings in Paysafe by 14.9% during the fourth quarter. Barclays PLC now owns 48,451 shares of the company's stock worth $829,000 after buying an additional 6,284 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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.