Paysafe Limited (NYSE:PSFE) Shares Acquired by Renaissance Technologies LLC

Renaissance Technologies LLC boosted its position in Paysafe Limited (NYSE:PSFE) by 10.4% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 280,889 shares of the company’s stock after purchasing an additional 26,400 shares during the period. Renaissance Technologies LLC’s holdings in Paysafe were worth $4,803,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors also recently added to or reduced their stakes in the business. Private Management Group Inc. purchased a new stake in shares of Paysafe in the fourth quarter valued at approximately $8,489,000. Raymond James Financial Inc. acquired a new stake in Paysafe in the fourth quarter valued at $1,944,000. ExodusPoint Capital Management LP purchased a new stake in shares of Paysafe during the 4th quarter worth $1,792,000. Foundry Partners LLC grew its stake in shares of Paysafe by 39.8% during the 4th quarter. Foundry Partners LLC now owns 339,696 shares of the company’s stock worth $5,809,000 after purchasing an additional 96,708 shares during the period. Finally, Arrowstreet Capital Limited Partnership lifted its stake in shares of Paysafe by 15.2% in the fourth quarter. Arrowstreet Capital Limited Partnership now owns 694,079 shares of the company’s stock valued at $11,869,000 after purchasing an additional 91,592 shares during the period. Hedge funds and other institutional investors own 54.39% of the company’s stock.

Analysts Set New Price Targets

A number of brokerages have issued reports on PSFE. UBS Group increased their target price on shares of Paysafe from $17.00 to $17.50 and gave the company a “sell” rating in a report on Wednesday, February 12th. Bank of America dropped their price objective on Paysafe from $18.00 to $16.00 and set an “underperform” rating for the company in a research note on Monday, March 10th. Finally, Susquehanna decreased their target price on Paysafe from $21.00 to $17.00 and set a “neutral” rating on the stock in a research report on Wednesday, March 5th.

Paysafe Stock Down 3.9 %

PSFE stock opened at $13.82 on Tuesday. 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’s 50 day simple moving average is $16.59 and its 200-day simple moving average is $18.58. Paysafe Limited has a 12 month low of $13.01 and a 12 month high of $26.25. The firm has a market capitalization of $839.88 million, a PE ratio of -36.37, a P/E/G ratio of 0.48 and a beta of 1.91.

Paysafe (NYSE:PSFE) last announced its earnings results on Thursday, March 6th. The company reported $0.43 EPS 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 company had revenue of $420.07 million for the quarter, compared to analyst estimates of $437.40 million. Equities analysts expect that Paysafe Limited will post 1.87 earnings per share 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.