Susquehanna Issues Pessimistic Forecast for Paysafe (NYSE:PSFE) Stock Price

Paysafe (NYSE:PSFE) had its target price cut by Susquehanna from $23.00 to $21.00 in a report released on Thursday,Benzinga reports. They currently have a neutral rating on the stock.

A number of other brokerages also recently commented on PSFE. Royal Bank of Canada boosted their price objective on shares of Paysafe from $20.00 to $25.00 and gave the company a “sector perform” rating in a research report on Wednesday, August 14th. UBS Group boosted their target price on shares of Paysafe from $16.50 to $17.00 and gave the stock a “sell” rating in a research report on Wednesday, August 14th. Finally, Bank of America boosted their target price on shares of Paysafe from $16.20 to $19.00 and gave the stock an “underperform” rating in a research report on Tuesday, August 27th. Two equities research analysts have rated the stock with a sell rating, three have assigned a hold rating and one has given a buy rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average target price of $18.00.

Paysafe Stock Performance

Shares of PSFE opened at $17.67 on Thursday. The company’s 50 day moving average price is $22.03 and its 200 day moving average price is $20.07. Paysafe has a 52 week low of $10.05 and a 52 week high of $26.25. The company has a market capitalization of $1.07 billion, a PE ratio of -46.50, a PEG ratio of 0.44 and a beta of 1.91. The company has a debt-to-equity ratio of 2.76, a quick ratio of 1.15 and a current ratio of 1.14.

Institutional Trading of Paysafe

A number of institutional investors and hedge funds have recently modified their holdings of PSFE. CWM LLC lifted its stake in shares of Paysafe by 596.7% in the second quarter. CWM LLC now owns 1,470 shares of the company’s stock worth $26,000 after buying an additional 1,259 shares during the last quarter. Nisa Investment Advisors LLC lifted its stake in shares of Paysafe by 2,613.0% in the second quarter. Nisa Investment Advisors LLC now owns 2,089 shares of the company’s stock worth $37,000 after buying an additional 2,012 shares during the last quarter. Harvest Fund Management Co. Ltd acquired a new stake in shares of Paysafe in the third quarter worth $176,000. State of New Jersey Common Pension Fund D acquired a new stake in shares of Paysafe in the second quarter worth $222,000. Finally, Oppenheimer Asset Management Inc. acquired a new stake in shares of Paysafe in the third quarter worth $225,000. 54.39% of the stock is currently owned by institutional investors and hedge funds.

About Paysafe

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.