Counterpoint Mutual Funds LLC Buys 10,710 Shares of Paysafe Limited (NYSE:PSFE)

Counterpoint Mutual Funds LLC grew its stake in shares of Paysafe Limited (NYSE:PSFE) by 83.2% during the fourth quarter, according to the company in its most recent disclosure with the SEC. The fund owned 23,587 shares of the company’s stock after buying an additional 10,710 shares during the quarter. Counterpoint Mutual Funds LLC’s holdings in Paysafe were worth $403,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Spire Wealth Management bought a new stake in shares of Paysafe in the fourth quarter worth $26,000. Bfsg LLC bought a new stake in shares of Paysafe in the fourth quarter worth $78,000. Harvest Fund Management Co. Ltd bought a new stake in shares of Paysafe in the third quarter worth $176,000. Oppenheimer Asset Management Inc. bought a new stake in shares of Paysafe in the third quarter worth $225,000. Finally, SG Americas Securities LLC grew its stake 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 purchasing an additional 754 shares during the last quarter. Institutional investors own 54.39% of the company’s stock.

Wall Street Analysts Forecast Growth

PSFE has been the topic of several analyst reports. UBS Group boosted their price objective on shares of Paysafe from $17.00 to $17.50 and gave the stock a “sell” rating in a research note on Wednesday, February 12th. Bank of America reduced their price objective on shares of Paysafe from $18.00 to $16.00 and set an “underperform” rating on the stock in a research note on Monday, March 10th. Finally, Susquehanna dropped their target price on shares of Paysafe from $21.00 to $17.00 and set a “neutral” rating on the stock in a report on Wednesday, March 5th.

Paysafe Price Performance

PSFE stock opened at $16.42 on Tuesday. The firm has a market cap of $997.95 million, a price-to-earnings ratio of -43.21, a PEG ratio of 0.48 and a beta of 1.87. 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 Limited has a 12-month low of $13.11 and a 12-month high of $26.25. The company’s fifty day simple moving average is $18.43 and its 200 day simple moving average is $19.80.

Paysafe (NYSE:PSFE) last released its earnings results on Thursday, March 6th. The company reported $0.43 earnings per share (EPS) for the quarter, missing the consensus estimate 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 during the quarter, compared to analyst estimates of $437.40 million. On average, analysts expect that Paysafe Limited will post 1.87 earnings per share for the current year.

Paysafe 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.