UBS Group Boosts Paysafe (NYSE:PSFE) Price Target to $17.50

Paysafe (NYSE:PSFE) had its price objective hoisted by equities researchers at UBS Group from $17.00 to $17.50 in a research report issued to clients and investors on Wednesday,Benzinga reports. The firm presently has a “sell” rating on the stock. UBS Group’s price target suggests a potential downside of 5.51% from the company’s current price.

PSFE has been the subject of a number of other research reports. Susquehanna cut their target price on shares of Paysafe from $23.00 to $21.00 and set a “neutral” rating for the company in a research report on Thursday, November 14th. Royal Bank of Canada cut their price objective on shares of Paysafe from $25.00 to $21.00 and set a “sector perform” rating for the company in a research report on Thursday, November 14th.

Paysafe Price Performance

PSFE traded down $0.44 during midday trading on Wednesday, reaching $18.52. 188,919 shares of the company’s stock were exchanged, compared to its average volume of 330,537. The company has a debt-to-equity ratio of 2.76, a current ratio of 1.14 and a quick ratio of 1.14. The stock has a market capitalization of $1.13 billion, a PE ratio of -48.71, a P/E/G ratio of 0.57 and a beta of 1.89. The business’s 50-day moving average price is $18.52 and its 200 day moving average price is $20.26. Paysafe has a 1-year low of $11.94 and a 1-year high of $26.25.

Hedge Funds Weigh In On Paysafe

Several institutional investors and hedge funds have recently bought and sold shares of the stock. Arrowstreet Capital Limited Partnership increased its position in Paysafe by 15.2% during the fourth quarter. Arrowstreet Capital Limited Partnership now owns 694,079 shares of the company’s stock worth $11,869,000 after purchasing an additional 91,592 shares during the last quarter. Mitsubishi UFJ Asset Management Co. Ltd. grew its stake in Paysafe by 25.0% during the fourth quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 11,078 shares of the company’s stock worth $194,000 after buying an additional 2,215 shares during the period. American Century Companies Inc. grew its stake in Paysafe by 37.3% during the fourth quarter. American Century Companies Inc. now owns 73,541 shares of the company’s stock worth $1,258,000 after buying an additional 19,988 shares during the period. Quantbot Technologies LP purchased a new stake in Paysafe during the fourth quarter worth approximately $169,000. Finally, Palogic Value Management L.P. purchased a new stake in Paysafe during the fourth quarter worth approximately $1,104,000. Institutional investors and hedge funds own 54.39% of the company’s stock.

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.