Bullish indicating open at $55-$60, IPO prices at $37
Paysafe Limited (NYSE:PSFE), a leading specialized payments platform with annual revenue of $1.69 billion, has seen its stock price touch a 52-week low, reaching $12.37. According to InvestingPro analysis, the company appears undervalued at its current market capitalization of $738 million. This latest price point underscores a period of significant volatility for the company, which has been navigating through a challenging market environment. Over the past year, Paysafe’s stock has experienced a notable decline, with the 1-year change data reflecting a decrease of -30.71%. While the company faces challenges, management has been actively buying back shares, and analysts project profitability this year. Investors are closely monitoring the company’s performance and strategic initiatives as it attempts to recover and strengthen its market position amidst the evolving financial landscape. InvestingPro subscribers have access to 12 additional key insights about Paysafe’s financial health and market position through detailed Pro Research Reports.
In other recent news, Paysafe Limited reported first-quarter revenue of $401 million, slightly below the analyst consensus estimate of $404.32 million. The company’s adjusted earnings per share were $0.34, missing expectations of $0.47. Despite the revenue miss, Paysafe issued an optimistic outlook for the full year, forecasting revenue between $1.71 billion and $1.73 billion, aligning with analyst projections of $1.72 billion. The company also expects adjusted earnings per share in the range of $2.21 to $2.51, compared to the consensus estimate of $2.41. Paysafe’s revenue declined by 4% year-over-year, but organic revenue growth was 5% when excluding the impact of dispositions and currency fluctuations. CEO Bruce Lowthers highlighted the strong momentum in organic growth and adjusted EBITDA margin, emphasizing the company’s leaner and lower-risk operational model. The company reported an adjusted EBITDA of $95.2 million for the quarter, marking a 15% decrease year-over-year. Additionally, Paysafe completed the sale of its direct marketing business during the quarter to streamline operations.
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