BTIG Research Issues Pessimistic Forecast for Paysafe (NYSE:PSFE) Stock Price

Paysafe (NYSE:PSFE) had its price target dropped by equities research analysts at BTIG Research from $12.00 to $11.00 in a note issued to investors on Wednesday,Benzinga reports. The brokerage presently has a “buy” rating on the stock. BTIG Research’s target price points to a potential upside of 26.00% from the company’s previous close.

PSFE has been the topic of a number of other research reports. Zacks Research cut shares of Paysafe from a “hold” rating to a “strong sell” rating in a research note on Wednesday, July 15th. UBS Group restated a “sell” rating and set a $7.50 target price (up from $6.75) on shares of Paysafe in a research report on Thursday, May 14th. Susquehanna reissued a “neutral” rating and set a $10.00 price objective (up from $9.00) on shares of Paysafe in a research report on Thursday, May 14th. Weiss Ratings downgraded shares of Paysafe from a “sell (d)” rating to a “sell (d-)” rating in a report on Thursday, May 14th. Finally, Wall Street Zen upgraded shares of Paysafe from a “hold” rating to a “buy” rating in a research note on Sunday. One equities research analyst has rated the stock with a Buy rating, two have issued a Hold rating and three have issued a Sell rating to the company. According to data from MarketBeat, Paysafe has an average rating of “Reduce” and a consensus target price of $9.88.

Paysafe Stock Performance

Paysafe stock traded down $0.30 during mid-day trading on Wednesday, hitting $8.73. 156,558 shares of the company’s stock traded hands, compared to its average volume of 376,485. Paysafe has a fifty-two week low of $5.95 and a fifty-two week high of $15.02. The stock has a market cap of $451.17 million, a price-to-earnings ratio of -2.47 and a beta of 1.74. The firm has a 50 day simple moving average of $7.58 and a two-hundred day simple moving average of $7.50. 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 (NYSE:PSFE) last posted 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. The company had revenue of $442.72 million during the quarter, compared to the consensus estimate of $424.41 million. Paysafe had a positive return on equity of 11.32% and a negative net margin of 11.44%.

Insider Activity at Paysafe

In related news, insider Richard Swales sold 10,000 shares of the firm’s stock in a transaction dated Friday, May 15th. The stock was sold at an average price of $7.69, for a total transaction of $76,900.00. Following the transaction, the insider directly owned 44,456 shares of the company’s stock, valued at approximately $341,866.64. This trade represents a 18.36% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this link.

Institutional Investors Weigh In On Paysafe

A number of large investors have recently added to or reduced their stakes in the company. Greenwich Wealth Management LLC raised its holdings in shares of Paysafe by 6.9% during the fourth quarter. Greenwich Wealth Management LLC now owns 30,473 shares of the company’s stock valued at $247,000 after acquiring an additional 1,960 shares in the last quarter. Two Sigma Investments LP boosted its stake in Paysafe by 4.7% during the third quarter. Two Sigma Investments LP now owns 69,940 shares of the company’s stock worth $904,000 after acquiring an additional 3,135 shares in the last quarter. Tower Research Capital LLC TRC grew its holdings in Paysafe by 143.1% in the second quarter. Tower Research Capital LLC TRC now owns 5,548 shares of the company’s stock worth $70,000 after purchasing an additional 3,266 shares during the period. Campbell & CO Investment Adviser LLC increased its stake in shares of Paysafe by 23.2% during the fourth quarter. Campbell & CO Investment Adviser LLC now owns 24,440 shares of the company’s stock valued at $198,000 after purchasing an additional 4,606 shares in the last quarter. Finally, Bfsg LLC increased its stake in shares of Paysafe by 46.0% during the fourth quarter. Bfsg LLC now owns 16,148 shares of the company’s stock valued at $131,000 after purchasing an additional 5,088 shares in the last quarter. 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.