Royal Bank of Canada Cuts Paysafe (NYSE:PSFE) Price Target to $21.00

Paysafe (NYSE:PSFE) had its price objective lowered by investment analysts at Royal Bank of Canada from $25.00 to $21.00 in a research report issued on Thursday,Benzinga reports. The firm currently has a “sector perform” rating on the stock. Royal Bank of Canada’s target price would suggest a potential upside of 18.85% from the stock’s previous close.

PSFE has been the topic of a number of other research reports. Susquehanna dropped their price target on shares of Paysafe from $23.00 to $21.00 and set a “neutral” rating on the stock in a research report on Thursday. UBS Group boosted their target price on shares of Paysafe from $16.50 to $17.00 and gave the company a “sell” rating in a report on Wednesday, August 14th. Finally, Bank of America increased their price target on Paysafe from $16.20 to $19.00 and gave the stock an “underperform” rating in a report on Tuesday, August 27th. Two investment analysts have rated the stock with a sell rating, three have given a hold rating and one has assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and an average target price of $18.00.

Paysafe Stock Down 2.3 %

Shares of PSFE opened at $17.67 on Thursday. The stock’s 50-day moving average price is $22.03 and its two-hundred day moving average price is $19.99. Paysafe has a 12 month low of $10.05 and a 12 month high of $26.25. The company has a market capitalization of $1.07 billion, a PE ratio of -46.50, a PEG ratio of 0.48 and a beta of 1.91. The company has a current ratio of 1.15, a quick ratio of 1.15 and a debt-to-equity ratio of 2.83.

Paysafe (NYSE:PSFE) last posted its quarterly earnings data on Tuesday, August 13th. The company reported $0.43 EPS for the quarter, missing analysts’ consensus estimates of $0.50 by ($0.07). Paysafe had a positive return on equity of 12.94% and a negative net margin of 1.38%. The company had revenue of $439.92 million during the quarter, compared to analyst estimates of $428.40 million. On average, analysts anticipate that Paysafe will post 1.92 EPS for the current year.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the stock. Dimensional Fund Advisors LP increased its stake in Paysafe by 24.8% in the second quarter. Dimensional Fund Advisors LP now owns 1,633,280 shares of the company’s stock valued at $28,876,000 after purchasing an additional 324,207 shares in the last quarter. Foundry Partners LLC acquired a new stake in shares of Paysafe in the 3rd quarter valued at about $5,450,000. Acadian Asset Management LLC bought a new stake in Paysafe in the 2nd quarter valued at about $3,702,000. Jacobs Levy Equity Management Inc. raised its stake in Paysafe by 39.1% during 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 period. Finally, Renaissance Technologies LLC boosted its holdings in Paysafe by 31.8% in the second quarter. Renaissance Technologies LLC now owns 204,287 shares of the company’s stock worth $3,612,000 after acquiring an additional 49,300 shares in the last quarter. 54.39% of the stock is owned by 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.