In today’s recent session, 0.85 million shares of the Paysafe Limited (NYSE:PSFE) were traded. Most recently the company’s share price was $2.38, and it changed around $0.04 or 1.92% from the last close, which brings the market valuation of the company to $1.64B. PSFE at last check was trading at a discount to its 52-week high of $13.35, offering almost -460.92% off that amount. The share price’s 52-week low was $1.84, which indicates that the recent value has risen by an impressive 22.69% since then. We note from Paysafe Limited’s average daily trading volume that its 10-day average is 5.72 million shares, with the 3-month average coming to 6.30 million.
Paysafe Limited stock received a consensus recommendation rating of an Overweight, based on a mean score of 2.70. If we narrow it down even further, the data shows that 0 out of 8 analysts rate the stock as a Sell; another 0 rate it as Overweight. Among the rest, 4 recommended PSFE as a Hold, whereas 3 deemed it a Buy, and 1 rated it as Underweight. Paysafe Limited is expected to report earnings per share of $0 for the current quarter.
Paysafe Limited (NYSE:PSFE) trade information
Instantly PSFE has been showing a green trend so far today with a performance of 1.92% on intraday trading today. The performance over the last five days has remained in the green territory. The rise to weekly highs of 2.47 on Tuesday, 06/21/22 increased the stock’s daily price by 3.64%. The company’s shares are currently down -40.15% year-to-date, but still up 1.30% over the last five days. On the other hand, Paysafe Limited (NYSE:PSFE) is -8.59% up in the 30-day period. We can see from the shorts that 14.38 million shares have been sold at a short interest cover period of 1.89 day(s).
The consensus price target as assigned by Wall Street analysts is $3.53, which translates to bulls needing to increase their stock price by 32.58% from its current value. Analyst projections state that PSFE is forecast to be at a low of $2.00 and a high of $6.00. In order for the stock price to hit the forecast high, the stock would need to plunge -152.1% from its current level, while the stock would need to crash 15.97% from its current level to reach the projected low.
Paysafe Limited (PSFE) estimates and forecasts
Consensus estimates provided by 9 financial analysts predict the company will bring in an average of $371.66 million in revenue for the current quarter. 9 analysts expect Paysafe Limited to make $360.2 million in revenue for the quarter ending Mar 2022. Forecasts for the next quarter put sales growth at -4.60%.
Paysafe Limited’s next quarterly earnings report is expected to be released on May 11.
Paysafe Limited (NYSE:PSFE)’s Major holders
Upon looking at major shareholders, it appears that insiders hold 24.87% of Paysafe Limited shares, and 45.81% of them are in the hands of institutional investors. The stock currently has a share float of 60.97%. Paysafe Limited stock is held by 263 institutions, with Blackstone Inc being the largest institutional investor. By Mar 30, 2022, it held 17.06% of the shares, which is about 123.73 million shares worth $419.43 million.
Cannae Holdings, Inc., with 8.24% or 59.76 million shares worth $202.58 million as of Mar 30, 2022, holds the second largest percentage of outstanding shares.
Global X Fds-Global X FinTech Thematic ETF and iShares Russell Midcap ETF were the top two Mutual Funds as of Apr 29, 2022. The former held 1.28 million shares worth $3.55 million, making up 0.18% of all outstanding shares. On the other hand, iShares Russell Midcap ETF held roughly 1.01 million shares worth around $2.82 million, which represents about 0.14% of the total shares outstanding.