Royal Bank of Canada Cuts Paysafe (NYSE:PSFE) Price Target to $21.00

Paysafe (NYSE:PSFE) had its target price lowered by Royal Bank of Canada from $25.00 to $21.00 in a report released on Thursday,Benzinga reports. The firm currently has a sector perform rating on the stock.

A number of other research analysts also recently commented on PSFE. Susquehanna dropped their target price on Paysafe from $23.00 to $21.00 and set a “neutral” rating on the stock 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 report on Tuesday, August 27th. Finally, UBS Group boosted their target price on shares of Paysafe from $16.50 to $17.00 and gave the company a “sell” rating in a research note on Wednesday, August 14th. Two equities research analysts have rated the stock with a sell rating, three have issued a hold rating and one has issued a buy rating to the company’s stock. Based on data from MarketBeat.com, Paysafe has an average rating of “Hold” and a consensus target price of $18.00.

Paysafe Stock Down 2.3 %

NYSE:PSFE opened at $17.67 on Thursday. The company has a current ratio of 1.14, a quick ratio of 1.15 and a debt-to-equity ratio of 2.76. The stock has a 50 day moving average of $22.03 and a 200-day moving average of $20.07. The firm has a market capitalization of $1.07 billion, a PE ratio of -46.50, a price-to-earnings-growth ratio of 0.44 and a beta of 1.91. Paysafe has a 52 week low of $10.05 and a 52 week high of $26.25.

Institutional Investors Weigh In On Paysafe

Several institutional investors have recently bought and sold shares of the stock. CWM LLC raised its position in shares of Paysafe by 596.7% during the 2nd quarter. CWM LLC now owns 1,470 shares of the company’s stock worth $26,000 after buying an additional 1,259 shares in the last quarter. Nisa Investment Advisors LLC raised its holdings in Paysafe by 2,613.0% during the second quarter. Nisa Investment Advisors LLC now owns 2,089 shares of the company’s stock worth $37,000 after purchasing an additional 2,012 shares in the last quarter. Harvest Fund Management Co. Ltd bought a new stake in Paysafe during the third quarter worth approximately $176,000. State of New Jersey Common Pension Fund D acquired a new stake in Paysafe in the second quarter worth approximately $222,000. Finally, Oppenheimer Asset Management Inc. bought a new position in Paysafe during the 3rd quarter valued at $225,000. Institutional investors and hedge funds own 54.39% of the company’s stock.

Paysafe Company 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.