Paysafe (NYSE:PSFE) Upgraded at Wall Street Zen

Wall Street Zen upgraded shares of Paysafe (NYSE:PSFE) from a hold rating to a buy rating in a research report released on Sunday morning.

A number of other research analysts have also issued reports on the stock. Susquehanna restated a “neutral” rating and set a $10.00 price target (up from $9.00) on shares of Paysafe in a research note on Thursday, May 14th. Royal Bank Of Canada reiterated a “sector perform” rating and issued a $11.00 price objective (up from $9.00) on shares of Paysafe in a report 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. UBS Group reiterated a “sell” rating and issued a $7.50 price objective (up from $6.75) on shares of Paysafe in a report on Thursday, May 14th. Finally, Zacks Research lowered shares of Paysafe from a “hold” rating to a “strong sell” rating in a research note on Wednesday, July 15th. One equities research analyst has rated the stock with a Buy rating, two have given a Hold rating and three have assigned a Sell rating to the company’s stock. According to MarketBeat, Paysafe has a consensus rating of “Reduce” and a consensus price target of $10.12.

Paysafe Stock Up 5.2%

Shares of PSFE opened at $9.03 on Friday. The business has a fifty day moving average of $7.58 and a 200 day moving average of $7.50. The company has a market cap of $466.62 million, a PE ratio of -2.56 and a beta of 1.74. The company has a quick ratio of 1.16, a current ratio of 1.16 and a debt-to-equity ratio of 4.03. Paysafe has a 52-week low of $5.95 and a 52-week high of $15.02.

Paysafe (NYSE:PSFE) last released its earnings results on Thursday, May 14th. The company reported $0.41 earnings per share for the quarter, topping analysts’ consensus estimates of $0.40 by $0.01. Paysafe had a positive return on equity of 11.32% and a negative net margin of 11.44%.The business had revenue of $442.72 million for the quarter, compared to analyst estimates of $424.41 million.

Insider Activity

In other Paysafe news, insider Richard Swales sold 10,000 shares of the firm’s stock in a transaction 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 transaction, the insider owned 44,456 shares of the company’s stock, valued at approximately $341,866.64. This trade represents a 18.36% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this link.

Institutional Inflows and Outflows

Several large investors have recently made changes to their positions in the company. Tower Research Capital LLC TRC boosted its stake in shares of Paysafe by 143.1% in the second quarter. Tower Research Capital LLC TRC now owns 5,548 shares of the company’s stock valued at $70,000 after purchasing an additional 3,266 shares during the period. Quantbot Technologies LP acquired a new position in Paysafe in the second quarter worth $106,000. State of Alaska Department of Revenue bought a new stake in shares of Paysafe during the 4th quarter valued at about $83,000. Engineers Gate Manager LP bought a new position in shares of Paysafe during the second quarter valued at approximately $143,000. Finally, Mercer Global Advisors Inc. ADV bought a new position in Paysafe during the 4th quarter worth $93,000. 54.39% of the stock is owned by hedge funds and other institutional investors.

Paysafe Company Profile

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.