Paysafe unusually high options trading target (NYSE:PSFE)

Paysafe Limited (NYSE:PSFE – Get Rating) was the recipient of unusual options trading activity on Tuesday. Equity investors acquired 28,888 call options on the stock. This is an increase of approximately 518% from the typical daily volume of 4,674 call options.

Paysafe trades down 6.1%

Shares of PSFE were down $0.14 on Tuesday, hitting $2.15. 219,204 shares of the stock were traded, compared to its average volume of 3,503,396. Paysafe has a 1-year low of $1.72 and a 1-year high of $11.13. The company has a debt ratio of 1.73, a quick ratio of 1.12 and a current ratio of 1.12. The stock’s 50-day moving average is $2.19 and its two-hundred-day moving average is $2.79.

Paysafe (NYSE:PSFE – Get Rating) last released quarterly earnings data on Wednesday, May 18. The company reported EPS of $0.05 for the quarter, beating consensus analyst estimates of $0.02 by $0.03. The company had revenue of $367.67 million for the quarter. Paysafe had a negative net margin of 82.69% and a negative return on equity of 0.65%.

Analysts set new price targets

Several brokerages have recently published reports on PSFE. Susquehanna cut its price target on Paysafe shares from $7.00 to $5.00 and set a “positive” rating on the stock in a Wednesday June 22 research report. Westpark Capital upgraded Paysafe from a “hold” rating to a “buy” rating and set a price target of $5.00 for the company in a Thursday, April 14 research report. Finally, Susquehanna Bancshares reduced its price target on Paysafe from $7.00 to $5.00 and set a “positive” rating for the company in a Wednesday, June 22 report. One analyst has assigned the stock a sell rating, two have issued a hold rating and six have assigned the stock a buy rating. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $5.78.

Paysafe Institutional Trading

Institutional investors have recently increased or reduced their stake in the company. Castleview Partners LLC acquired a new equity stake in Paysafe in Q4 valued at $917,000. Wolverine Asset Management LLC increased its stake in Paysafe by 66.0% during the 4th quarter. Wolverine Asset Management LLC now owns 8,344 shares of the company worth $32,000 after buying 3,316 additional shares in the last quarter. USAdvisors Wealth Management LLC acquired a new position in Paysafe during Q4 worth approximately $39,000. SOL Capital Management CO acquired a new equity stake in Paysafe in Q1 worth approximately $34,000. Finally, First Citizens Bank & Trust Co. acquired a new stake in Paysafe during Q1 worth $34,000. 65.63% of the shares are currently held by institutional investors and hedge funds.

About Paysafe

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Paysafe Limited provides digital commerce solutions to online businesses, small and medium-sized merchants and consumers through its Paysafe network worldwide. The Company operates in two segments, US Acquiring and Digital Commerce. It provides PCI-compliant payment acceptance and transaction processing solutions for merchants and integrated service providers, including merchant acquiring, transaction processing, online solutions, fraud and risk management, data and analytics, and point-of-sale systems and merchant finance solutions under Paysafe. and the Petroleum Card Services brands.

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