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.
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.
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.