Paysafe Limited (NYSE:PSFE) Receives Average Recommendation of “Buy” from Brokerages
Shares of Paysafe Limited (NYSE:PSFE – Get Rating) have been given a consensus rating of “Buy” by the eleven research firms that are presently covering the stock, MarketBeat reports. One analyst has rated the stock with a sell rating, three have given a hold rating and seven have given a buy rating to the company. The average 1 year price target among brokerages that have issued a report on the stock in the last year is $8.20.
A number of research analysts have issued reports on PSFE shares. Bank of America cut shares of Paysafe from a “buy” rating to an “underperform” rating and decreased their price target for the stock from $6.00 to $4.00 in a report on Wednesday, March 2nd. Susquehanna decreased their price target on shares of Paysafe from $13.00 to $9.00 and set a “positive” rating for the company in a report on Thursday, March 3rd. Zacks Investment Research raised shares of Paysafe from a “sell” rating to a “hold” rating in a report on Saturday. Credit Suisse Group decreased their price target on shares of Paysafe from $4.00 to $3.50 and set a “neutral” rating for the company in a report on Thursday, March 3rd. Finally, Cowen raised shares of Paysafe from a “market perform” rating to an “outperform” rating and set a $7.00 target price for the company in a report on Thursday, January 20th.
A number of hedge funds have recently added to or reduced their stakes in PSFE. State Street Corp grew its position in Paysafe by 112.4% during the fourth quarter. State Street Corp now owns 6,883,131 shares of the company’s stock valued at $26,913,000 after buying an additional 3,641,853 shares during the period. BlackRock Inc. grew its position in Paysafe by 43.1% during the third quarter. BlackRock Inc. now owns 11,956,024 shares of the company’s stock valued at $92,660,000 after buying an additional 3,600,577 shares during the period. Indaba Capital Management L.P. acquired a new stake in Paysafe during the third quarter valued at $26,350,000. Renaissance Technologies LLC grew its position in Paysafe by 646.9% during the first quarter. Renaissance Technologies LLC now owns 2,448,400 shares of the company’s stock valued at $8,300,000 after buying an additional 2,120,600 shares during the period. Finally, Parametric Portfolio Associates LLC grew its position in Paysafe by 3,475.4% during the fourth quarter. Parametric Portfolio Associates LLC now owns 1,950,126 shares of the company’s stock valued at $7,625,000 after buying an additional 1,895,583 shares during the period. Institutional investors own 65.63% of the company’s stock.
NYSE PSFE opened at $2.27 on Tuesday. The company has a fifty day simple moving average of $3.09 and a two-hundred day simple moving average of $3.69. Paysafe has a 12-month low of $1.84 and a 12-month high of $13.35. The company has a quick ratio of 1.41, a current ratio of 1.41 and a debt-to-equity ratio of 1.01.
Paysafe Company Profile (Get Rating)
Paysafe Limited provides digital commerce solutions to online businesses, small and medium-sized business merchants, and consumers through its Paysafe Network worldwide. The company operates in two segments, US Acquiring and Digital Commerce. It provides PCI-compliant payment acceptance and transaction processing solutions for merchants and integrated service providers, including merchant acquiring, transaction processing, online solutions, fraud and risk management tools, data and analytics, and point of sale systems and merchant financing solutions under the Paysafe and Petroleum Card Services brands.
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