Paysafe (NYSE:PSFE) Price Target Raised to $17.50

Paysafe (NYSE:PSFE) had its target price lifted by UBS Group from $17.00 to $17.50 in a report issued on Wednesday,Benzinga reports. They currently have a sell rating on the stock.

A number of other brokerages have also recently commented on PSFE. 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 report on Thursday, November 14th. 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 report on Thursday, November 14th.

Paysafe Price Performance

Shares of PSFE opened at $19.60 on Wednesday. The firm has a fifty day moving average price of $18.50 and a 200 day moving average price of $20.24. Paysafe has a 1-year low of $11.94 and a 1-year high of $26.25. The company has a debt-to-equity ratio of 2.76, a current ratio of 1.14 and a quick ratio of 1.14. The stock has a market cap of $1.19 billion, a PE ratio of -51.57, a price-to-earnings-growth ratio of 0.57 and a beta of 1.89.

Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the company. Topline Capital Management LLC acquired a new position in Paysafe during the fourth quarter worth about $34,481,000. Private Management Group Inc. acquired a new position in Paysafe during the fourth quarter worth about $8,489,000. Foundry Partners LLC acquired a new position in Paysafe during the third quarter worth about $5,450,000. Raymond James Financial Inc. acquired a new position in Paysafe during the fourth quarter worth about $1,944,000. Finally, ExodusPoint Capital Management LP acquired a new position in Paysafe during the fourth quarter worth about $1,792,000. 54.39% of the stock is owned by hedge funds and other institutional investors.

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.