Corebridge Financial Inc. Sells 1,209 Shares of Paysafe Limited (NYSE:PSFE)

Corebridge Financial Inc. trimmed its position in shares of Paysafe Limited (NYSE:PSFE) by 7.0% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 16,017 shares of the company’s stock after selling 1,209 shares during the quarter. Corebridge Financial Inc.’s holdings in Paysafe were worth $274,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds have also recently modified their holdings of the company. Private Management Group Inc. bought a new position in Paysafe in the fourth quarter valued at about $8,489,000. Barclays PLC increased its position in shares of Paysafe by 273.6% during the 3rd quarter. Barclays PLC now owns 42,167 shares of the company’s stock valued at $946,000 after purchasing an additional 30,881 shares during the last quarter. Principal Financial Group Inc. bought a new position in shares of Paysafe in the 3rd quarter worth approximately $764,000. SG Americas Securities LLC boosted its holdings in shares of Paysafe by 5.7% in the fourth quarter. SG Americas Securities LLC now owns 13,903 shares of the company’s stock worth $238,000 after buying an additional 754 shares during the last quarter. Finally, JPMorgan Chase & Co. grew its position in Paysafe by 5.8% during the third quarter. JPMorgan Chase & Co. now owns 15,183 shares of the company’s stock valued at $341,000 after buying an additional 835 shares during the period. 54.39% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several research firms have weighed in on PSFE. Bank of America decreased their price target on shares of Paysafe from $18.00 to $16.00 and set an “underperform” rating on the stock in a research report on Monday, March 10th. Susquehanna decreased their target price on Paysafe from $21.00 to $17.00 and set a “neutral” rating on the stock in a report on Wednesday, March 5th. Finally, UBS Group lifted 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.

Paysafe Price Performance

Shares of NYSE:PSFE opened at $14.69 on Friday. The company has a market capitalization of $893.00 million, a P/E ratio of -38.67, a P/E/G ratio of 0.48 and a beta of 1.91. Paysafe Limited has a 1-year low of $13.01 and a 1-year high of $26.25. The firm’s 50 day simple moving average is $17.40 and its two-hundred day simple moving average is $18.91. The company has a debt-to-equity ratio of 2.76, a current ratio of 1.14 and a quick ratio of 1.14.

Paysafe (NYSE:PSFE) last released its earnings results on Thursday, March 6th. The company reported $0.43 earnings per share for the quarter, missing analysts’ consensus estimates of $0.60 by ($0.17). Paysafe had a negative net margin of 1.38% and a positive return on equity of 12.92%. The firm had revenue of $420.07 million for the quarter, compared to analysts’ expectations of $437.40 million. Research analysts expect that Paysafe Limited will post 1.87 EPS for the current fiscal year.

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.