Paysafe (NYSE:PSFE) Shares Gap Down – What’s Next?

Shares of Paysafe Limited (NYSE:PSFE) gapped down before the market opened on Wednesday . The stock had previously closed at $25.47, but opened at $20.80. Paysafe shares last traded at $19.62, with a volume of 159,725 shares trading hands.

Wall Street Analysts Forecast Growth

PSFE has been the subject of a number of recent research reports. UBS Group boosted their price target on shares of Paysafe from $16.50 to $17.00 and gave the company a “sell” rating in a research note on Wednesday, August 14th. Susquehanna reduced their target price on shares of Paysafe from $23.00 to $21.00 and set a “neutral” rating for the company in a research note on Thursday. Bank of America upped their target price on shares of Paysafe from $16.20 to $19.00 and gave the stock an “underperform” rating in a research note on Tuesday, August 27th. Finally, Royal Bank of Canada reduced their target price on shares of Paysafe from $25.00 to $21.00 and set a “sector perform” rating for the company in a research note on Thursday. Two research analysts have rated the stock with a sell rating, three have issued a hold rating and one has issued a buy rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Hold” and a consensus target price of $18.00.

Paysafe Stock Performance

The company’s 50 day moving average price is $22.18 and its 200-day moving average price is $19.98. The company has a debt-to-equity ratio of 2.83, a quick ratio of 1.15 and a current ratio of 1.15. The stock has a market cap of $1.10 billion, a P/E ratio of -86.07, a price-to-earnings-growth ratio of 0.64 and a beta of 1.91.

Paysafe (NYSE:PSFE) last issued its quarterly earnings results on Tuesday, August 13th. The company reported $0.43 earnings per share for the quarter, missing analysts’ consensus estimates of $0.50 by ($0.07). The company had revenue of $439.92 million during the quarter, compared to analysts’ expectations of $428.40 million. Paysafe had a positive return on equity of 14.42% and a negative net margin of 0.78%. Equities analysts forecast that Paysafe Limited will post 1.92 EPS for the current fiscal year.

Hedge Funds Weigh In On Paysafe

A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. Dimensional Fund Advisors LP boosted its holdings in shares of Paysafe by 24.8% in the 2nd quarter. Dimensional Fund Advisors LP now owns 1,633,280 shares of the company’s stock worth $28,876,000 after buying an additional 324,207 shares during the last quarter. Jacobs Levy Equity Management Inc. boosted its holdings in shares of Paysafe by 39.1% in the 1st quarter. Jacobs Levy Equity Management Inc. now owns 302,765 shares of the company’s stock worth $4,781,000 after buying an additional 85,170 shares during the last quarter. Foundry Partners LLC purchased a new stake in Paysafe during the third quarter valued at about $5,450,000. Empowered Funds LLC lifted its holdings in Paysafe by 5.3% during the third quarter. Empowered Funds LLC now owns 238,448 shares of the company’s stock valued at $5,348,000 after purchasing an additional 12,060 shares during the last quarter. Finally, Acadian Asset Management LLC purchased a new stake in Paysafe during the second quarter valued at about $3,702,000. 54.39% of the stock is owned by hedge funds and other institutional investors.

Paysafe Company Profile

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.