LONDON & LAS VEGAS–(BUSINESS WIRE)–Paysafe Group Holdings Limited, a leading specialized payments platform, and Foley Trasimene Acquisition Corp. II (NYSE: BFT), (BFT WS) (“Foley Trasimene”), a special purpose acquisition company, today announced that they have completed their previously announced merger.
Similarly, Why is paysafe stock going down?
The fintech company lowered its 2021 and 2022 outlook due to Digital Wallet business being weaker than expected. The company says that European demand was lower than expected and that actions have been taken to revise pricing match interest.
Is BFT a good SPAC? Foley Trasimene Acquisition II Is an Excellent SPAC Play As EV Fatigue Sets In. Foley Trasimene Acquisition II Corp. (NYSE:BFT) stock is down 1.3% in the past month. For my money, this company is one of the most attractive special purpose acquisition companies (SPACs) out there.
Thereof, Who owns PSFE?
Paysafe is not owned by hedge funds. Our data shows that PI Holdings Jersey Limited is the largest shareholder with 22% of shares outstanding.
Did BFT become PSFE?
On December 7, 2020, FTAC announced that it and Paysafe Group Holdings Limited entered into a definitive agreement and plan of merger, and that upon closing of the transaction the newly combined company will operate as Paysafe with its shares listed on the New York Stock Exchange under the symbol PSFE.
Is Paysafe undervalued?
At the current valuation, the company’s stock is undervalued and has significant upside going into 2022.
Is Paysafe a good long term investment?
After Paysafe (NYSE:PSFE) stock tumbled recently due to the company’s slightly weaker-than-expected third-quarter results and guidance reduction, PSFE stock remains a great pick for some investors.
Is Paysafe a good investment?
Paysafe Has Little Appeal to Growth and Value Investors
You’ll see that there’s not only not much appeal here for growth investors, but there’s not much to excite value investors with Paysafe, either. Given the company’s high depreciation and interest expenses, it’s in the red on a net income basis.
Who owns paysafe stock?
Top 10 Owners of Paysafe Ltd
| Stockholder | Stake | Shares owned |
|---|---|---|
| Fidelity National Financial, Inc. … | 6.91% | 50,000,000 |
| BlackRock Fund Advisors | 1.69% | 12,232,473 |
| SSgA Funds Management, Inc. | 0.95% | 6,883,131 |
| Canyon Capital Advisors LLC | 0.88% | 6,375,053 |
Who did PSFE merge with?
II (« FTAC »), a special purpose acquisition company, announced its entry into a definitive agreement and plan of merger with Paysafe Group Holdings Limited, and that upon closing of the transaction the newly combined company would operate as Paysafe with its shares listed on the New York Stock Exchange under the symbol …
Is Paysafe profitable?
Paysafe is also expected to turn profitable, with statutory earnings of US$0.11 per share.
Is PSFE an acquisition target?
In a world where investors pay for payment innovation, PaySafe (NASDAQ:PSFE) stock is unique. This is a global payments processor whose stock is cheap.
What is the future of Paysafe?
According to its forecast, the Paysafe share price could drop substantially to 0.006 by May 2022. However, analyst predictions compiled by TipRanks were more encouraging, with the consensus target for the 12-month share price at $5.38 per share. The stock projection varied from the low of $4 to the high of $7.
Is Paysafe a profitable company?
After the latest results, the nine analysts covering Paysafe are now predicting revenues of US$1.54b in 2022. If met, this would reflect a reasonable 3.6% improvement in sales compared to the last 12 months. Paysafe is also expected to turn profitable, with statutory earnings of US$0.11 per share.
How high does Paysafe go?
The 9 analysts offering 12-month price forecasts for Paysafe Ltd have a median target of 5.00, with a high estimate of 9.00 and a low estimate of 3.50. The median estimate represents a +48.59% increase from the last price of 3.37.
Is Paysafe a safe stock?
Paysafe is making effective changes that are helping to expand out to new businesses and improve existing ones. There are low risks to the recovery thesis due to compressed valuation. At the current valuation, the company’s stock is undervalued and has significant upside going into 2022.
Is PSFE an Acquisition target?
In a world where investors pay for payment innovation, PaySafe (NASDAQ:PSFE) stock is unique. This is a global payments processor whose stock is cheap.
What was PSFE before?
Paysafe Limited (formerly known as Optimal Payments PLC) is a multinational online payments company.
When did PSFE go public?
On August 21, 2020,Foley Trasimene Acquisition Corp. II (the “Company”) consummated its initial public offering (“IPO”)of 130,000,000 units (the “Units”).
How much debt does Paysafe have?
Paysafe’s Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2021 was $19 Mil. Paysafe’s Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2021 was $2,776 Mil.
Is Paysafe growing?
Low revenue growth rates
Paysafe’s revenue estimates only show very small year-over-year growth for FY 2021 and FY 2022. The market-capitalization-to-sales ratio has dropped a lot since last year, but a 1.8 X ratio is still high if Paysafe’s revenue growth turns negative.
Will paysafe turn around?
Paysafe is bordering on breakeven, according to the 8 American IT analysts. They expect the company to post a final loss in 2021, before turning a profit of US$74m in 2022. So, the company is predicted to breakeven approximately 12 months from now or less.
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