Paysafe (NYSE:PSFE) Stock Breaks Above 50 Day Moving Average – Here’s What Happened

Paysafe Limited (NYSE:PSFE) shares crossed above its 50-day moving average during trading on Wednesday. The stock has a 50-day moving average of $6.04 and traded as high as $6.78. Paysafe shares last traded at $6.5750, with a volume of 691,669 shares.

Analysts Set New Price Targets

Several brokerages recently issued reports on PSFE. BTIG Research dropped their price target on Paysafe from $12.00 to $11.00 and set a “buy” rating on the stock in a research report on Wednesday, July 29th. Wall Street Zen lowered Paysafe from a “buy” rating to a “hold” rating in a report on Monday, August 3rd. Susquehanna set a $7.00 target price on Paysafe and gave the company a “neutral” rating in a report on Wednesday, August 12th. Royal Bank Of Canada set a $9.00 price target on Paysafe and gave the stock a “sector perform” rating in a research note on Friday, August 14th. Finally, Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Paysafe in a report on Tuesday, August 11th. One 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’s stock. Based on data from MarketBeat, Paysafe currently has a consensus rating of “Reduce” and a consensus price target of $8.50.

Paysafe Stock Performance

The company has a current ratio of 1.17, a quick ratio of 1.17 and a debt-to-equity ratio of 4.38. The firm has a market capitalization of $339.80 million, a price-to-earnings ratio of -1.73 and a beta of 1.80. The stock’s 50 day moving average price is $6.04 and its two-hundred day moving average price is $7.10.

Paysafe (NYSE:PSFE) last announced its quarterly earnings data on Thursday, August 13th. The company reported $0.43 EPS for the quarter, beating the consensus estimate of $0.39 by $0.04. Paysafe had a negative net margin of 11.82% and a positive return on equity of 10.31%. The firm had revenue of $447.44 million during the quarter, compared to analysts’ expectations of $446.85 million. Paysafe has set its FY 2026 guidance at 1.900-2.030 EPS.

Insider Buying and Selling at Paysafe

In related news, insider Richard Swales sold 10,000 shares of the company’s stock in a transaction that occurred on Friday, August 14th. The stock was sold at an average price of $6.58, for a total value of $65,800.00. Following the sale, the insider owned 34,456 shares in the company, valued at $226,720.48. This represents a 22.49% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink.

Hedge Funds Weigh In On Paysafe

Several hedge funds and other institutional investors have recently bought and sold shares of PSFE. Quantinno Capital Management LP grew its holdings in Paysafe by 108.4% in the first quarter. Quantinno Capital Management LP now owns 241,617 shares of the company’s stock valued at $1,645,000 after purchasing an additional 125,652 shares during the last quarter. Whitebox Advisors LLC purchased a new position in shares of Paysafe in the first quarter valued at $819,000. Private Management Group Inc. raised its stake in shares of Paysafe by 4.7% during the 3rd quarter. Private Management Group Inc. now owns 2,910,973 shares of the company’s stock worth $16,389,000 after buying an additional 131,379 shares during the last quarter. Palogic Value Management L.P. acquired a new position in shares of Paysafe during the 2nd quarter worth $374,000. Finally, Engineers Gate Manager LP purchased a new stake in shares of Paysafe in the 2nd quarter worth about $98,000. 54.39% of the stock is owned by institutional investors and hedge funds.

Paysafe Company Profile

Paysafe Limited is a specialized payments platform that provides payment processing, digital wallet and online cash solutions to businesses and consumers. Its services are designed to help merchants accept payments across digital commerce, mobile applications, online marketplaces and other channels.

The company’s portfolio includes the Skrill and Neteller digital wallets, which support online payments, money transfers and related financial services. Paysafe also operates paysafecard, a prepaid cash-based payment method that enables consumers to make online purchases without using a traditional bank account or credit card.

Paysafe serves merchants and consumers across multiple international markets, with a particular focus on sectors such as online gaming, sports betting, digital entertainment, travel, financial services and small businesses.