Paysafe Limited (NYSE: PSFE) stock fell -3.98% on Monday to $20.48 against a previous-day closing price of $21.33. With 0.71 million shares changed hands, the volume of the stock remained heavier than its average volume of 0.54 million shares. During the session, the Information Technology Services company that operates in wider Technology sector, reached to the highest price of $21.79 whereas the lowest price it dropped to was $20.12. The 52-week range on PSFE shows that it touched its highest point at $46.56 and its lowest point at $11.29 during that stretch. It currently has a 1-year price target of $31.87.
Price Performance and Earnings:
Stock performance is one of the indicators that investors use to determine whether they will profit from a stock. The price performance of PSFE was up-trending over the past week, with a rise of 11.73%, but this was up by 61.77% over a month. Three-month performance surged to 21.04% while six-month performance fell -11.57%. The stock lost -52.72% in the past year, while it has gained 47.44% so far this year. A look at the trailing 12-month EPS for PSFE yields -28.79 with Next year EPS estimates of 0.66. For the next quarter, that number is 0.10. This implies an EPS growth rate of 84.90% for this year and 102.20% for next year.
Float and Shares Shorts:
At present, 60.49 million PSFE shares are outstanding with a float of 43.96 million shares on hand for trading. On Oct 13, 2022, short shares totaled 19.88 million, which was 2.73% higher than short shares on Sep 14, 2022. In addition to Mr. Bruce F. Lowthers as the firm’s CEO & Exec. Director, Mr. Alexander Gersh CPA serves as its Chief Financial Officer.
Through their ownership of 65.51% of PSFE’s outstanding shares, institutional investors have majority control over the company. Other institutions hold 5.23% of PSFE, in contrast to 13.72% held by mutual funds. Shares owned by individuals account for –. As the largest shareholder in PSFE with 6.87% of the stake, Fidelity National Financial, Inc holds 4,166,650 shares worth 4,166,650. A second-largest stockholder of PSFE, BlackRock Fund Advisors, holds 1,326,723 shares, controlling over 2.19% of the firm’s shares. SSgA Funds Management, Inc. is the third largest shareholder in PSFE, holding 681,565 shares or 1.12% stake. With a 0.95% stake in PSFE, the iShares Russell 2000 ETF is the largest stakeholder. A total of 632,522 shares are owned by the mutual fund manager. The iShares Russell 2000 Value ETF, which owns about 0.45% of PSFE stock, is the second-largest Mutual Fund holder. It holds 297,116 shares valued at 4.13 million. Schwab Fundamental US Small Compa holds 0.41% of the stake in PSFE, owning 272,460 shares worth 3.78 million.
Reading analyst opinions is an effective way to decide where to invest, and there are several opinions available for PSFE since 7 analysts follow the stock currently. There are 1 analysts who recommend BUY ratings, while 1 suggest SELL ratings. Of the remaining analysts, 4 believe that the stock is worth HOLDING, 0 give it an OVERWEIGHT rating, and 1 thinks that it’s UNDERWEIGHT. In the same way, a target price assigned to a stock can also reveal much about its potential. With PSFE analysts setting a high price target of $84.00 and a low target of $13.00, the average target price over the next 12 months is $31.87. Based on these targets, PSFE could surge 310.16% to reach the target high and fall by -36.52% to reach the target low. Reaching the average price target will result in a growth of 55.62% from current levels.
EPS: Estimates vs Actual
It is also common to use earnings estimates to evaluate a firm’s growth potential and to determine trading strategy. PSFE will report FY 2022 earnings on 02/28/2024. Analysts have provided yearly estimates in a range of $1.90 being high and $0.96 being low. For PSFE, this leads to a yearly average estimate of $1.43. The earnings surprise of a firm occurs when the actual results change from the consensus earnings estimate. Paysafe Limited surprised analysts by -$0.05 when it reported $0.48 EPS against a consensus estimate of $0.53. The surprise factor in the prior quarter was $0.27. The average estimate for the next quarter is thus $0.43.
Summary of Insider Activity:
Insiders traded PSFE stock several times over the past three months with 0 Buys and 0 Sells. In these transactions, 0 shares were bought while 0 shares were sold. The number of buy transactions has remained unchanged to 0 while that of sell transactions has remained unmoved to 0 over the past year. The total number of shares bought during that period was 0 while 0 shares were sold.