Paysafe rises after forecasting sales as per expectations

Paysafe

09/03/2023 13:29

** Payment platform Paysafe Ltd's shares  PSFE.N  up 6% in
premarket trading to $21.6 — above the median PT of analysts as
per Refinitiv — after forecasting revenue in line with estimates
    ** Co is among top three trending stocks on investor social
media platform Stocktwits.com
    ** PSFE sees FY23 sales in the range of $1.58 bln to $1.6
bln vs. St estimates of $1.58 bln - Refinitiv 
    ** Co expects Q1 revenue to be in the range of $375 mln vs
$380 mln vs. analyst expectations of $376.9 mln - Refinitiv
    ** Paysafe also beat sales expectations in 2022, citing
upbeat revenue growth from its merchant solutions unit
    ** Stock is trading before the bell above its 50-DMA and
200-DMA
    ** One of seven brokerages rate the stock "buy", four "hold"
and two "sell"; their median PT is $21.3 - Refinitiv IBES Data
    ** Up to last close, stock had risen 46%

 (Reporting by Johann M Cherian in Bengaluru)
 ((johann.mcherian@thomsonreuters.com;))