Paysafe Limited [NYSE: PSFE] closed the trading session at $3.80 on 01/10/22. The day’s price range saw the stock hit a low of $3.65, while the highest price level was $3.90. The company report on January 4, 2022 that Paysafe Principal Shareholder Cannae Holdings Purchased $22.2 Million in Paysafe Common Shares.
Paysafe Limited (NYSE: PSFE), a leading specialized payments platform, today announced that Cannae Holdings, Inc. (“Cannae”) (NYSE: CNNE), through its subsidiary, has purchased approximately 5.7 million shares of Paysafe’s common stock through a series of open market transactions in late December 2021 in accordance with the Company’s securities trading policy and applicable securities laws. As of December 31, 2021, Cannae owned 59,758,641 common shares, which represents approximately 8.26% of Paysafe’s outstanding common shares.
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William P. Foley, II, Chairman of Cannae, commented, “Based on our confidence in the path Paysafe is now on, Cannae has acquired an additional 5.7 million shares in open market transactions totaling $22.2 million.”.
The stocks have a year to date performance of -2.81 percent and weekly performance of -6.17 percent. The stock has been moved at -65.42 percent over the last six months. The stock has performed -5.71 percent around the most recent 30 days and changed -45.01 percent over the most recent 3-months.
If compared to the average trading volume of 16.22M shares, PSFE reached to a volume of 6138639 in the most recent trading day, which is why market watchdogs consider the stock to be active.
Here’s what leading stock market gurus have to say about Paysafe Limited [PSFE]:
Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for PSFE shares is $6.44 per share. Analysis on target price and performance of stocks is usually carefully studied by market experts, and the current Wall Street consensus on PSFE stock is a recommendation set at 2.40. This rating represents a strong Buy recommendation, on the scale from 1 to 5, where 5 would mean strong sell, 4 represents Sell, 3 is Hold, and 2 indicates Buy.
Wolfe Research have made an estimate for Paysafe Limited shares, keeping their opinion on the stock as Peer Perform, with their previous recommendation back on November 12, 2021. The new note on the price target was released on November 12, 2021, representing the official price target for Paysafe Limited stock. Previously, the target price had yet another drop from $14 to $7, while Cowen kept a Market Perform rating on PSFE stock. On October 25, 2021, analysts decreased their price target for PSFE shares from 12 to 9.
The Average True Range (ATR) for Paysafe Limited is set at 0.28, with the Price to Sales ratio for PSFE stock in the period of the last 12 months amounting to 1.80. The Price to Book ratio for the last quarter was 1.11, with the Price to Cash per share for the same quarter was set at 2.08. Price to Free Cash Flow for PSFE in the course of the last twelve months was 8.28 with Quick ratio for the last quarter at 1.10.
PSFE stock trade performance evaluation
Paysafe Limited [PSFE] fell into the red zone at the end of the last week, falling into a negative trend and dropping by -6.17. With this latest performance, PSFE shares dropped by -5.71% in over the last four-week period, additionally sinking by -65.42% over the last 6 months – not to mention a drop of -75.56% in the past year of trading.
Overbought and oversold stocks can be easily traced with the Relative Strength Index (RSI), where an RSI result of over 70 would be overbought, and any rate below 30 would indicate oversold conditions. An RSI rate of 50 would represent a neutral market momentum. The current RSI for PSFE stock in for the last two-week period is set at 42.93, with the RSI for the last a single of trading hit 44.47, and the three-weeks RSI is set at 40.73 for Paysafe Limited [PSFE]. The present Moving Average for the last 50 days of trading for this stock 4.58, while it was recorded at 3.86 for the last single week of trading, and 9.11 for the last 200 days.
Paysafe Limited [PSFE]: An insightful look at the core fundamentals
When it comes to the capital structure of this company, Paysafe Limited [PSFE] has a Total Debt to Total Equity ratio set at 0.12. Additionally, PSFE Total Debt to Total Capital is recorded at 0.12, with Total Debt to Total Assets ending up at 0.11.
Reflecting on the efficiency of the workforce at the company, Paysafe Limited [PSFE] managed to generate an average of -$1,740,507 per employee.Paysafe Limited’s liquidity data is similarly interesting compelling, with a Quick Ratio of 1.10 and a Current Ratio set at 1.10.
Paysafe Limited [PSFE]: Insider Ownership positions
There are presently around $1,385 million, or 51.80% of PSFE stock, in the hands of institutional investors. The top three institutional holders of PSFE stocks are: BLACKSTONE INC with ownership of 123,726,349, which is approximately 0% of the company’s market cap and around 24.92% of the total institutional ownership; CANNAE HOLDINGS, INC., holding 54,044,395 shares of the stock with an approximate value of $205.37 million in PSFE stocks shares; and FIDELITY NATIONAL FINANCIAL, INC., currently with $190.0 million in PSFE stock with ownership of nearly 0% of the company’s market capitalization.
Positions in Paysafe Limited stocks held by institutional investors increased at the end of February and at the time of the February reporting period, where 125 institutional holders increased their position in Paysafe Limited [NYSE:PSFE] by around 24,001,755 shares. Additionally, 82 investors decreased positions by around 48,512,860 shares, while 44 investors held positions by with 292,046,309 shares. The mentioned changes placed institutional holdings at 364,560,924 shares, according to the latest SEC report filing. PSFE stock had 43 new institutional investments in for a total of 5,886,434 shares, while 43 institutional investors sold positions of 21,404,210 shares during the same period.