Susquehanna Has Lowered Expectations for Paysafe (NYSE:PSFE) Stock Price

Paysafe (NYSE:PSFE) had its price target lowered by Susquehanna from $23.00 to $21.00 in a research note released on Thursday,Benzinga reports. Susquehanna currently has a neutral rating on the stock.

A number of other research analysts have also issued reports on PSFE. Bank of America upped their price target on shares of Paysafe from $16.20 to $19.00 and gave the company an “underperform” rating in a research note on Tuesday, August 27th. Royal Bank of Canada lifted their price target on Paysafe from $20.00 to $25.00 and gave the stock a “sector perform” rating in a research report on Wednesday, August 14th. Finally, UBS Group raised their price objective on Paysafe from $16.50 to $17.00 and gave the stock a “sell” rating in a research note on Wednesday, August 14th. Two equities research analysts have rated the stock with a sell rating, three have assigned a hold rating and one has issued a buy rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average price target of $18.00.

Paysafe Stock Performance

Shares of PSFE stock opened at $17.67 on Thursday. The company has a debt-to-equity ratio of 2.76, a quick ratio of 1.15 and a current ratio of 1.14. The stock’s 50-day simple moving average is $22.03 and its 200-day simple moving average is $20.03. Paysafe has a fifty-two week low of $10.05 and a fifty-two week high of $26.25.

Hedge Funds Weigh In On Paysafe

A number of institutional investors have recently modified their holdings of the stock. Barclays PLC grew its holdings in Paysafe by 273.6% during the third quarter. Barclays PLC now owns 42,167 shares of the company’s stock worth $946,000 after acquiring an additional 30,881 shares during the period. Public Employees Retirement System of Ohio purchased a new stake in Paysafe in the 3rd quarter worth approximately $1,105,000. State Street Corp boosted its holdings in Paysafe by 1.5% during the third 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 in the last quarter. Verition Fund Management LLC purchased a new position in Paysafe in the third quarter valued at $254,000. Finally, Martingale Asset Management L P raised its position in shares of Paysafe by 61.5% in the third quarter. Martingale Asset Management L P now owns 36,269 shares of the company’s stock worth $814,000 after acquiring an additional 13,806 shares during the period. Hedge funds and other institutional investors own 54.39% of the company’s stock.

About Paysafe

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.