Martingale Asset Management L P Buys 13,806 Shares of Paysafe Limited (NYSE:PSFE)

Martingale Asset Management L P lifted its position in Paysafe Limited (NYSE:PSFE) by 61.5% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 36,269 shares of the company’s stock after buying an additional 13,806 shares during the quarter. Martingale Asset Management L P’s holdings in Paysafe were worth $814,000 as of its most recent SEC filing.

Other institutional investors have also added to or reduced their stakes in the company. Vanguard Group Inc. grew its position in shares of Paysafe by 7.4% in the 1st quarter. Vanguard Group Inc. now owns 173,192 shares of the company’s stock valued at $2,735,000 after acquiring an additional 11,884 shares during the period. CWM LLC grew its holdings in Paysafe by 596.7% during the second quarter. CWM LLC now owns 1,470 shares of the company’s stock worth $26,000 after purchasing an additional 1,259 shares during the period. Nisa Investment Advisors LLC increased its position in Paysafe by 2,613.0% during 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. SummerHaven Investment Management LLC raised its stake in Paysafe by 1.3% in the second quarter. SummerHaven Investment Management LLC now owns 64,840 shares of the company’s stock valued at $1,146,000 after buying an additional 821 shares during the period. Finally, Bank of New York Mellon Corp lifted its position in shares of Paysafe by 8.5% in the second quarter. Bank of New York Mellon Corp now owns 110,605 shares of the company’s stock valued at $1,955,000 after buying an additional 8,671 shares during the last quarter. 54.39% of the stock is currently owned by institutional investors and hedge funds.

Paysafe Stock Up 1.7 %

PSFE stock opened at $20.22 on Tuesday. The business’s fifty day moving average price is $21.22 and its two-hundred day moving average price is $20.25. The stock has a market capitalization of $1.23 billion, a price-to-earnings ratio of -52.82, a PEG ratio of 0.51 and a beta of 1.91. Paysafe Limited has a fifty-two week low of $10.08 and a fifty-two week high of $26.25. The company has a debt-to-equity ratio of 2.76, a current ratio of 1.14 and a quick ratio of 1.14.

Wall Street Analysts Forecast Growth

A number of research firms recently weighed in on PSFE. UBS Group increased their price target on Paysafe from $16.50 to $17.00 and gave the company a “sell” rating in a research note on Wednesday, August 14th. Royal Bank of Canada dropped their price objective on shares of Paysafe from $25.00 to $21.00 and set a “sector perform” rating on the stock in a research report on Thursday, November 14th. Bank of America lifted their target price on shares of Paysafe from $16.20 to $19.00 and gave the stock an “underperform” rating in a report on Tuesday, August 27th. Finally, Susquehanna decreased their price target on shares of Paysafe from $23.00 to $21.00 and set a “neutral” rating on the stock in a research note on Thursday, November 14th. Two analysts have rated the stock with a sell rating, two have given a hold rating and one has given a buy rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Hold” and an average target price of $19.40.

Paysafe 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.