Paysafe Limited (NYSE:PSFE) Shares Acquired by Renaissance Technologies LLC

Renaissance Technologies LLC raised its position in shares of Paysafe Limited (NYSE:PSFE - Free Report) by 10.4% during the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 280,889 shares of the company's stock after acquiring an additional 26,400 shares during the period. Renaissance Technologies LLC owned approximately 0.46% of Paysafe worth $4,803,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also made changes to their positions in the company. Invesco Ltd. lifted its position in shares of 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 purchasing an additional 2,050 shares during the last quarter. Polymer Capital Management US LLC bought a new stake in Paysafe during the 4th quarter valued at about $381,000. Dynamic Technology Lab Private Ltd purchased a new stake in Paysafe in the 4th quarter valued at about $240,000. Foundry Partners LLC grew its stake in Paysafe by 39.8% in the 4th quarter. Foundry Partners LLC now owns 339,696 shares of the company's stock worth $5,809,000 after acquiring an additional 96,708 shares in the last quarter. Finally, ExodusPoint Capital Management LP purchased a new position in shares of Paysafe during the fourth quarter worth approximately $1,792,000. Hedge funds and other institutional investors own 54.39% of the company's stock.

Paysafe Stock Up 1.7 %

Shares of NYSE:PSFE traded up $0.26 on Friday, reaching $15.50. The company had a trading volume of 169,432 shares, compared to its average volume of 326,948. The firm has a market capitalization of $928.38 million, a PE ratio of -40.79, a PEG ratio of 0.48 and a beta of 1.91. The company has a current ratio of 1.14, a quick ratio of 1.14 and a debt-to-equity ratio of 2.76. Paysafe Limited has a 52-week low of $13.01 and a 52-week high of $26.25. The firm's 50 day simple moving average is $16.18 and its 200-day simple moving average is $18.44.

Paysafe (NYSE:PSFE - Get Free Report) last posted its earnings results on Thursday, March 6th. The company reported $0.43 earnings per share (EPS) for the quarter, missing the consensus estimate 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 analysts' expectations of $437.40 million. As a group, analysts expect that Paysafe Limited will post 1.87 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

PSFE has been the topic of several research analyst reports. UBS Group increased their price objective on Paysafe from $17.00 to $17.50 and gave the stock a "sell" rating in a research note on Wednesday, February 12th. Bank of America dropped their price target on Paysafe from $18.00 to $16.00 and set an "underperform" rating on the stock in a research report on Monday, March 10th. Finally, Susquehanna decreased their price objective on Paysafe from $17.00 to $15.00 and set a "neutral" rating for the company in a report on Tuesday.

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.