Zacks Research Upgrades Paysafe (NYSE:PSFE) to Hold

Paysafe (NYSE:PSFE) was upgraded by equities research analysts at Zacks Research from a “strong sell” rating to a “hold” rating in a research note issued to investors on Monday,Zacks.com reports.

Several other analysts have also issued reports on the company. Wall Street Zen raised Paysafe from a “hold” rating to a “buy” rating in a research note on Saturday. UBS Group reaffirmed a “sell” rating and issued a $7.50 target price (up from $6.75) on shares of Paysafe in a research note on Thursday, May 14th. Weiss Ratings lowered Paysafe from a “sell (d)” rating to a “sell (d-)” rating in a research note on Thursday, May 14th. Royal Bank Of Canada reaffirmed a “sector perform” rating and issued a $11.00 target price (up from $9.00) on shares of Paysafe in a research note on Thursday, May 14th. Finally, Susquehanna reissued a “neutral” rating and set a $10.00 price objective (up from $9.00) on shares of Paysafe in a research note on Thursday, May 14th. One research analyst has rated the stock with a Buy rating, three have given a Hold rating and two have issued a Sell rating to the company’s stock. According to data from MarketBeat.com, Paysafe has an average rating of “Reduce” and a consensus price target of $10.13.

Paysafe Stock Up 3.4%

Shares of PSFE opened at $7.19 on Monday. The firm has a market cap of $371.32 million, a P/E ratio of -2.04, a P/E/G ratio of 0.23 and a beta of 1.76. The stock has a 50 day simple moving average of $7.96 and a two-hundred day simple moving average of $7.56. The company has a debt-to-equity ratio of 4.03, a current ratio of 1.16 and a quick ratio of 1.16. Paysafe has a 1 year low of $5.95 and a 1 year high of $15.02.

Paysafe (NYSE:PSFE) last issued its earnings results on Thursday, May 14th. The company reported $0.41 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.40 by $0.01. The business had revenue of $442.72 million during the quarter, compared to analyst estimates of $424.41 million. Paysafe had a positive return on equity of 11.32% and a negative net margin of 11.44%. On average, analysts forecast that Paysafe will post 1.6 earnings per share for the current fiscal year.

Insider Buying and Selling at Paysafe

In other news, insider Richard Swales sold 10,000 shares of the stock in a transaction that occurred on Friday, May 15th. The stock was sold at an average price of $7.69, for a total transaction of $76,900.00. Following the completion of the sale, the insider owned 44,456 shares of the company’s stock, valued at approximately $341,866.64. This represents a 18.36% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink.

Institutional Trading of Paysafe

A number of institutional investors have recently made changes to their positions in the stock. Dimensional Fund Advisors LP boosted its stake in shares of Paysafe by 3.5% during the third quarter. Dimensional Fund Advisors LP now owns 2,439,793 shares of the company’s stock valued at $31,522,000 after purchasing an additional 82,440 shares during the period. Private Management Group Inc. boosted its stake in shares of Paysafe by 60.3% during the fourth quarter. Private Management Group Inc. now owns 2,384,594 shares of the company’s stock valued at $19,291,000 after purchasing an additional 897,103 shares during the period. Charles Schwab Investment Management Inc. boosted its stake in shares of Paysafe by 57.0% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 543,416 shares of the company’s stock valued at $4,396,000 after purchasing an additional 197,268 shares during the period. Jacobs Levy Equity Management Inc. lifted its stake in Paysafe by 2.0% in the third quarter. Jacobs Levy Equity Management Inc. now owns 516,289 shares of the company’s stock worth $6,670,000 after acquiring an additional 9,947 shares during the period. Finally, Geode Capital Management LLC lifted its stake in Paysafe by 1.8% in the second quarter. Geode Capital Management LLC now owns 399,449 shares of the company’s stock worth $5,041,000 after acquiring an additional 7,155 shares during the period. Hedge funds and other institutional investors own 54.39% of the company’s stock.

About Paysafe

Paysafe is a global payments provider that delivers a comprehensive suite of online and offline payment solutions. The company operates a diverse portfolio of products, including digital wallets under the Skrill and Neteller brands, prepaid voucher services through paysafecard, and integrated payment processing solutions for merchants. Paysafe’s platform is designed to serve a wide range of industries, from e-commerce and digital goods to gaming, financial services, and regulated verticals, offering tailored risk and compliance management alongside its core transaction capabilities.

Founded through a series of mergers and strategic acquisitions, Paysafe traces its origins to the launch of paysafecard in 2000 and the establishment of Optimal Payments in 1996.