Paysafe Limited (NYSE: PSFE) stock fell -1.16% on Friday to $12.73 against a previous-day closing price of $12.88. With 0.57 million shares changed hands, the volume of the stock remained heavier than its average volume of 0.43 million shares. During the session, the Software – Infrastructure company that operates in wider Technology sector, reached to the highest price of $13.13 whereas the lowest price it dropped to was $12.71. The 52-week range on PSFE shows that it touched its highest point at $24.25 and its lowest point at $9.25 during that stretch. It currently has a 1-year price target of $14.98. Beta for the stock currently stands at 2.01.
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 21.24%, but this was up by 15.41% over a month. Three-month performance surged to 5.56% while six-month performance rose 15.31%. The stock lost -36.86% in the past year, while it has lost -8.35% so far this year. A look at the trailing 12-month EPS for PSFE yields -0.69 with Next year EPS estimates of 2.91. For the next quarter, that number is 0.86. This implies an EPS growth rate of 13.44% for this year and 13.97% for next year.
Float and Shares Shorts:
At present, 60.79 million PSFE shares are outstanding with a float of 28.98 million shares on hand for trading. On Oct 30, 2023, short shares totaled 1.59 million, which was 2.58% higher than short shares on Sep 28, 2023. In addition to Mr. Bruce F. Lowthers as the firm’s CEO & Executive Director, Mr. Alexander Gersh CPA serves as its Chief Financial Officer.
Institutional Ownership:
Through their ownership of 51.32% of PSFE’s outstanding shares, institutional investors have majority control over the company. Other institutions hold 9.50% of PSFE, in contrast to 14.50% held by mutual funds. As the largest shareholder in PSFE with 6.12% of the stake, Fidelity National Financial, Inc holds 3,750,001 shares worth 3,750,001. A second-largest stockholder of PSFE, BlackRock Fund Advisors, holds 1,472,184 shares, controlling over 2.40% of the firm’s shares. Adage Capital Management LP is the third largest shareholder in PSFE, holding 1,155,486 shares or 1.89% stake. With a 1.25% stake in PSFE, the iShares Russell 2000 ETF is the largest stakeholder. A total of 768,511 shares are owned by the mutual fund manager. The SPDR S&P Kensho New Economies Com, which owns about 0.87% of PSFE stock, is the second-largest Mutual Fund holder. It holds 532,047 shares valued at 5.17 million. iShares Russell 2000 Value ETF holds 0.50% of the stake in PSFE, owning 305,703 shares worth 2.97 million.
Analysts Ratings:
Reading analyst opinions is an effective way to decide where to invest, and there are several opinions available for PSFE since 0 analysts follow the stock currently. 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 $19.00 and a low target of $12.00, the average target price over the next 12 months is $14.98. Based on these targets, PSFE could surge 49.25% to reach the target high and fall by -5.73% to reach the target low. Reaching the average price target will result in a growth of 17.67% from current levels.
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.
