Paysafe (NASDAQ:PSFE) Hits New 12-Month Low at $7.79

Paysafe Limited (NASDAQ:PSFE)’s stock price reached a new 52-week low on Monday . The stock traded as low as $7.79 and last traded at $7.79, with a volume of 1814 shares traded. The stock had previously closed at $8.18.

Several analysts have recently weighed in on PSFE shares. Compass Point decreased their target price on Paysafe from $19.00 to $13.00 and set a “buy” rating for the company in a research report on Tuesday, August 17th. Evercore ISI started coverage on Paysafe in a research report on Wednesday, May 26th. They set an “outperform” rating and a $16.00 target price for the company. Zacks Investment Research downgraded Paysafe from a “hold” rating to a “sell” rating in a research report on Wednesday, September 1st. Bank of America initiated coverage on Paysafe in a research report on Thursday, August 12th. They set a “buy” rating and a $15.00 target price for the company. Finally, BMO Capital Markets initiated coverage on Paysafe in a research note on Friday, June 18th. They set an “outperform” rating and a $15.00 price target on the stock. One investment analyst has rated the stock with a sell rating and nine have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Buy” and a consensus target price of $15.67.

The business’s 50 day moving average price is $9.48. The company has a debt-to-equity ratio of 0.77, a current ratio of 1.13 and a quick ratio of 1.13.

A number of institutional investors and hedge funds have recently bought and sold shares of PSFE. Natixis Advisors L.P. purchased a new position in Paysafe in the first quarter valued at about $281,000. Scotia Capital Inc. purchased a new position in Paysafe in the first quarter valued at about $657,000. Cambridge Investment Research Advisors Inc. purchased a new position in Paysafe in the first quarter valued at about $559,000. GSA Capital Partners LLP purchased a new position in Paysafe in the first quarter valued at about $1,015,000. Finally, Harbor Financial Services LLC purchased a new stake in shares of Paysafe during the first quarter worth about $417,000.

About Paysafe (NASDAQ:PSFE)

Paysafe Limited provides digital commerce solutions to online businesses, SMB merchants, and consumers through its Paysafe Network worldwide. It offers digital wallet solutions under the Skrill and NETELLER brands, which enable users to upload, store, withdraw, and pay funds and APMs from a virtual account; Knect, a Skrill-related loyalty program; Net+Prepaid Mastercard, a companion product enabling NETELLER digital wallet active users to access and use stored funds anywhere that Mastercard card products are accepted; rapid transfer solutions; and issuing services for prepaid, virtual, and private label cards on behalf of its merchant customers.

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