Los Angeles Capital Management LLC Decreases Stake in Paysafe Limited (NYSE:PSFE)

Los Angeles Capital Management LLC lessened its holdings in shares of Paysafe Limited (NYSE:PSFE) by 21.1% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 52,512 shares of the company’s stock after selling 14,050 shares during the period. Los Angeles Capital Management LLC owned 0.09% of Paysafe worth $1,178,000 at the end of the most recent reporting period.

Other hedge funds also recently bought and sold shares of the company. Dimensional Fund Advisors LP raised its holdings in shares of Paysafe by 24.8% during the 2nd quarter. Dimensional Fund Advisors LP now owns 1,633,280 shares of the company’s stock worth $28,876,000 after acquiring an additional 324,207 shares during the period. Jacobs Levy Equity Management Inc. grew its stake 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 valued at $4,781,000 after buying an additional 85,170 shares during the period. Acadian Asset Management LLC purchased a new stake in shares of Paysafe during the 2nd quarter valued at approximately $3,702,000. Renaissance Technologies LLC lifted its holdings in Paysafe by 31.8% in the second quarter. Renaissance Technologies LLC now owns 204,287 shares of the company’s stock valued at $3,612,000 after acquiring an additional 49,300 shares during the last quarter. Finally, Russell Investments Group Ltd. grew its position in Paysafe by 14.3% in the first quarter. Russell Investments Group Ltd. now owns 186,811 shares of the company’s stock worth $2,950,000 after acquiring an additional 23,353 shares during the period. Institutional investors and hedge funds own 54.39% of the company’s stock.

Paysafe Price Performance

Shares of PSFE opened at $18.08 on Friday. The company has a market cap of $1.10 billion, a P/E ratio of -85.47, a PEG ratio of 0.64 and a beta of 1.91. Paysafe Limited has a fifty-two week low of $10.05 and a fifty-two week high of $26.25. The company has a quick ratio of 1.15, a current ratio of 1.15 and a debt-to-equity ratio of 2.83. The firm’s 50 day moving average price is $22.18 and its 200 day moving average price is $19.98.

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

Analysts Set New Price Targets

A number of analysts recently issued reports on the company. Royal Bank of Canada cut their price objective on Paysafe from $25.00 to $21.00 and set a “sector perform” rating for the company in a research report on Thursday. Susquehanna dropped their price target on shares of Paysafe from $23.00 to $21.00 and set a “neutral” rating for the company in a research report on Thursday. Bank of America increased their price objective on shares of Paysafe from $16.20 to $19.00 and gave the stock an “underperform” rating in a research report on Tuesday, August 27th. Finally, UBS Group boosted their target price on Paysafe from $16.50 to $17.00 and gave the company a “sell” rating in a research report on Wednesday, August 14th. Two investment analysts have rated the stock with a sell rating, three have given a hold rating and one has given a buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average target price of $18.00.

Paysafe 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.