Shares of Paysafe (NYSE:PSFE) rose 3.3%

Paysafe Limited ( NYSE:PSFE – Get Your Free Report ) rose 3.3% on Thursday. The company traded as high as $21.65 and last traded at $21.54. About 77,408 shares were traded mid-day, down 80% from the average daily volume of 385,069 shares. Shares previously closed at $20.86.

The Wall Street analyst weighs in

A number of analysts have recently issued reports on PSFE shares. UBS Group raised their price objective on Paysafe from $16.50 to $17.00 and gave the company a “sell” rating in a research report on Wednesday, August 14th. Susquehanna raised their target price on Paysafe from $16.00 to $23.00 and gave the company a “neutral” rating in a report on Thursday, August 15th. Finally, Royal Bank of Canada upped their price objective on Paysafe from $20.00 to $25.00 and gave the stock a “sector perform” rating in a report on Wednesday, August 14th. Two analysts have rated the stock with a sell rating, three have given a hold rating and one has issued a buy rating to the company. Based on data from MarketBeat, the company has an average rating of “Hold” and an average target price of $18.27.

Read our latest report on PSFE

Paysafe stock up 1.4%

The company has a quick ratio of 1.12, a current ratio of 1.12, and a debt-to-equity ratio of 2.80. The company has a market cap of $1.33 billion, a price-to-earnings ratio of -99.59, a PEG ratio of 0.52 and a beta of 1.91. The company has a 50 day simple moving average of $19.35 and a two hundred day simple moving average of $16.79.

Institutional investors weigh in on Paysafe

Several institutional investors and hedge funds have recently added to or reduced their stakes in PSFE. Federated Hermes Inc. raised its stake in Paysafe by 2.2% in the fourth quarter. Federated Hermes Inc. now owns 196,795 shares of the company’s stock worth $2,517,000 after buying an additional 4,150 shares during the last quarter. New York State Common Retirement Fund boosted its holdings in Paysafe by 21.4% in the 4th quarter. New York State Common Retirement Fund now owns 17,106 shares of the company’s stock worth $219,000 after acquiring an additional 3,016 shares during the period. Russell Investments Group Ltd. boosted its holdings in Paysafe by 51.6% in the fourth quarter. Russell Investments Group Ltd. now owns 163,458 shares of the company’s stock valued at $2,091,000 after acquiring an additional 55,650 shares during the period. SummerHaven Investment Management LLC boosted its holdings in Paysafe by 1.6% during the fourth quarter. SummerHaven Investment Management LLC now owns 63,321 shares of the company’s stock valued at $810,000 after acquiring an additional 971 shares during the period. Finally, Jump Financial LLC raised its position in shares of Paysafe by 26.0% in the fourth quarter. Jump Financial LLC now owns 37,900 shares of the company’s stock valued at $485,000 after buying an additional 7,817 shares in the last quarter. 54.39% of the shares are currently owned by institutional investors and hedge funds.

Paysafe Company Profile

(Get a free report)

Paysafe Limited provides end-to-end payment solutions in the United States, Germany, the United Kingdom and internationally. Its payment platform offers a wide range of payment solutions, including credit and debit card processing, digital wallet, eCash and real-time banking solutions for entertainment verticals such as iGaming, including online sports betting, sports electronics, fantasy sports, poker. , and other casino games, as well as travel, streaming/video gaming, retail/hospitality and digital assets.

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