Monday, October 25, 2021 5:44:56 PM
This is so sad it`s becoming hilarious and like a fking fool, I did add another 25 shares in hopes of bringing my cost basis down at least. Heck, didn`t even get a chance to bend over first......
Paysafe (PSFE -4.6%) was downgraded by Credit Suisse to Neutral from Outperform with a price target of $9, down from $12.
Analyst Timothy Chiodo sees a more balanced risk/reward at current share levels as well as minimal upside potential to 2022 and 2023 organic estimates.
During Q2 results in August the company noted that it expects Q3 revenue in the range of $360M-$375M. Consensus Revenue Estimate is $370.63M. Meanwhile, for FY2021, the company expects revenue in the range of $1.53B-$1.55B; Consensus Revenue Estimate is $1.54B.
The chart below shows YTD total return performance of Paysafe, and its peers Shift4 Payments, Euronet Worldwide and Maximus:
Since Paysafe updated its medium term outlook in March, Chiodo has learned of "unexpected shedding" of direct marketing merchants, deterioration in the integrated processing take rate and "substantially lower-than-expected" digital wallet volume.
The analyst said these suggest minimal upside to Street estimates and potential downside risk.
https://seekingalpha.com/news/3757509-paysafe-falls-4-amid-downgrade-by-credit-suisse
Recent PSFE News
- Paysafe Appoints Marianne Heiss as Non-Executive Director • Business Wire • 09/24/2024 10:55:00 AM
- Paysafe Announces Finance Leadership Transition • Business Wire • 09/03/2024 10:55:00 AM
- Paysafe Announces Finance Leadership Transition • Business Wire • 09/03/2024 10:55:00 AM
- NEW SURVEY PEEKS 'INSIDE THE WALLET' TO LEARN MORE ABOUT CURRENT FINANCIAL TRENDS AND SPENDING HABITS • PR Newswire (US) • 08/15/2024 03:51:00 PM
- New Research Finds Consumers Demand Payment Choice, Worry About Cash Access, and Remain Optimistic About Their Financial Future • Business Wire • 08/14/2024 08:00:00 AM
- Paysafe Reports Second Quarter 2024 Results; Raises Full Year Revenue Outlook • Business Wire • 08/13/2024 10:55:00 AM
- U.S. Futures Climb Before Inflation Data; Oil Slips on OPEC Demand Cut • IH Market News • 08/13/2024 09:45:01 AM
- Paysafe Partners with Alchemy Pay to Expand Its Customers’ Payment Options • Business Wire • 07/25/2024 08:00:00 AM
- Paysafe to Release Second Quarter 2024 Earnings Results on August 13 • Business Wire • 07/23/2024 12:30:00 PM
- Paysafe to Participate in Upcoming Conferences • Business Wire • 07/23/2024 12:30:00 PM
- Chelsea FC Welcomes Skrill as Pre-Season Tour Partner • Business Wire • 07/18/2024 09:00:00 AM
- Form 6-K - Report of foreign issuer [Rules 13a-16 and 15d-16] • Edgar (US Regulatory) • 05/24/2024 08:17:58 PM
- Form S-8 - Securities to be offered to employees in employee benefit plans • Edgar (US Regulatory) • 05/14/2024 08:24:56 PM
- Form 6-K - Report of foreign issuer [Rules 13a-16 and 15d-16] • Edgar (US Regulatory) • 05/14/2024 08:15:09 PM
- Walmart Corporate Job Cuts and Office Centralization, GameStop and AMC Surge, and More News • IH Market News • 05/14/2024 11:26:02 AM
- Form 6-K - Report of foreign issuer [Rules 13a-16 and 15d-16] • Edgar (US Regulatory) • 05/13/2024 08:13:02 PM
- Paysafe Reports First Quarter 2024 Results; Reaffirms Full Year Outlook • Business Wire • 05/13/2024 08:05:00 PM
- U.S. Futures Climb Amid High Expectations for Inflation Data; Global Markets Show Mixed Reactions • IH Market News • 05/13/2024 11:10:27 AM
- Paysafe to Participate in the Barclays Emerging Payments and FinTech Forum on May 15 • Business Wire • 05/08/2024 08:30:00 PM
- Paysafe strengthens US iGaming solution with Pay by Bank launch • Business Wire • 04/29/2024 08:00:00 AM
- Paysafe to Release First Quarter 2024 Earnings Results on May 13 • Business Wire • 04/25/2024 12:30:00 PM
- Paysafe Reports Fourth Quarter and Full Year 2023 Results; Provides 2024 Outlook • Business Wire • 03/07/2024 11:55:00 AM
- U.S. Index Futures See Modest Gains, Oil Prices Slip • IH Market News • 03/07/2024 11:01:20 AM
- Paysafe to Participate in the Wolfe Research FinTech Forum on March 13 • Business Wire • 03/06/2024 09:05:00 PM
- Paysafe to Release Fourth Quarter 2023 Earnings Results on March 7 • Business Wire • 02/28/2024 09:05:00 PM
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