Paysafe (NYSE:PSFE) Given New $17.50 Price Target at UBS Group

Paysafe (NYSE:PSFE) had its target price upped by investment analysts at UBS Group from $17.00 to $17.50 in a research note issued to investors on Wednesday,Benzinga reports. The brokerage currently has a “sell” rating on the stock. UBS Group’s price objective suggests a potential downside of 11.68% from the stock’s previous close.

A number of other research firms also recently issued reports on PSFE. Susquehanna decreased their price target on shares of Paysafe from $23.00 to $21.00 and set a “neutral” rating on the stock in a research note on Thursday, November 14th. Royal Bank of Canada decreased their price target on shares of Paysafe from $25.00 to $21.00 and set a “sector perform” rating on the stock in a research note on Thursday, November 14th.

Paysafe Price Performance

Paysafe stock opened at $19.81 on Wednesday. The company has a market cap of $1.20 billion, a price-to-earnings ratio of -52.14, a PEG ratio of 0.57 and a beta of 1.89. The firm’s fifty day moving average is $18.51 and its 200 day moving average is $20.25. The company has a quick ratio of 1.14, a current ratio of 1.14 and a debt-to-equity ratio of 2.76. Paysafe has a 52-week low of $11.94 and a 52-week high of $26.25.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of PSFE. Private Management Group Inc. bought a new position in Paysafe during the fourth quarter valued at $8,489,000. Foundry Partners LLC bought a new stake in Paysafe during the 3rd quarter valued at about $5,450,000. Raymond James Financial Inc. bought a new stake in Paysafe during the 4th quarter valued at about $1,944,000. ExodusPoint Capital Management LP bought a new stake in Paysafe during the 4th quarter valued at about $1,792,000. Finally, Gabelli Funds LLC lifted its holdings in Paysafe by 64.1% during the 4th quarter. Gabelli Funds LLC now owns 266,713 shares of the company’s stock valued at $4,561,000 after buying an additional 104,213 shares in the last quarter. Institutional investors own 54.39% of the company’s stock.

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.