Paysafe (NYSE:PSFE) Issues Earnings Results

Paysafe (NYSE:PSFE) issued its earnings results on Tuesday. The company reported $0.43 EPS for the quarter, missing the consensus estimate of $0.60 by ($0.17), Zacks reports. Paysafe had a positive return on equity of 12.92% and a negative net margin of 1.38%. The company had revenue of $420.07 million for the quarter, compared to analysts’ expectations of $437.40 million.

Paysafe Stock Down 18.5 %

PSFE stock opened at $15.66 on Wednesday. Paysafe has a 52-week low of $11.94 and a 52-week high of $26.25. The stock has a market capitalization of $951.83 million, a price-to-earnings ratio of -41.22, a price-to-earnings-growth ratio of 0.48 and a beta of 1.89. 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 company has a 50-day moving average of $18.76 and a two-hundred day moving average of $20.18.

Wall Street Analyst Weigh In

Several analysts have commented on the stock. Royal Bank of Canada lowered 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, November 14th. UBS Group upped their target price on Paysafe from $17.00 to $17.50 and gave the company a “sell” rating in a research report on Wednesday, February 12th. Finally, Susquehanna cut their price objective on Paysafe from $23.00 to $21.00 and set a “neutral” rating on the stock in a research note on Thursday, November 14th.

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.