Paysafe (NYSE:PSFE) Reaches New 12-Month Low – Should You Sell?

Paysafe Limited (NYSE:PSFE) shares reached a new 52-week low during mid-day trading on Friday . The company traded as low as $13.91 and last traded at $13.66, with a volume of 129965 shares. The stock had previously closed at $14.96.

Analysts Set New Price Targets

A number of equities analysts recently weighed in on the company. Susquehanna decreased their price objective on Paysafe from $21.00 to $17.00 and set a “neutral” rating on the stock in a report on Wednesday, March 5th. UBS Group lifted their price target on shares of Paysafe from $17.00 to $17.50 and gave the stock a “sell” rating in a research note on Wednesday, February 12th. Finally, Bank of America cut their price objective on shares of Paysafe from $18.00 to $16.00 and set an “underperform” rating for the company in a research note on Monday, March 10th.

Paysafe Price Performance

The firm has a fifty day moving average of $18.09 and a two-hundred day moving average of $19.28. The company has a current ratio of 1.14, a quick ratio of 1.14 and a debt-to-equity ratio of 2.76. The company has a market capitalization of $859.39 million, a PE ratio of -37.21, a PEG ratio of 0.48 and a beta of 1.91.

Paysafe (NYSE:PSFE) last released its quarterly earnings data on Thursday, March 6th. The company reported $0.43 earnings per share for the quarter, missing analysts’ consensus estimates of $0.60 by ($0.17). Paysafe had a negative net margin of 1.38% and a positive return on equity of 12.92%. The company had revenue of $420.07 million for the quarter, compared to analysts’ expectations of $437.40 million. Research analysts anticipate that Paysafe Limited will post 1.87 EPS for the current fiscal year.

Hedge Funds Weigh In On Paysafe

Hedge funds have recently modified their holdings of the company. Verition Fund Management LLC bought a new stake in shares of Paysafe in the third quarter worth about $254,000. State Street Corp grew its position in shares of Paysafe by 1.5% in the 3rd quarter. State Street Corp now owns 1,427,043 shares of the company’s stock worth $32,009,000 after buying an additional 20,418 shares during the last quarter. Public Employees Retirement System of Ohio purchased a new position in shares of Paysafe during the third quarter valued at approximately $1,105,000. Barclays PLC raised its holdings in shares of Paysafe by 273.6% during the third quarter. Barclays PLC now owns 42,167 shares of the company’s stock valued at $946,000 after acquiring an additional 30,881 shares in the last quarter. Finally, Tidal Investments LLC purchased a new stake in Paysafe in the third quarter worth $627,000. Hedge funds and other institutional investors 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.