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Executives Are Snapping Up Shares.","url":"https://stock-news.laohu8.com/highlight/detail?id=1102646843","media":"Barrons","summary":"Shares of Paysafe jumped on Wednesday after the payments company said executives and board members b","content":"<p>Shares of&nbsp;Paysafe&nbsp;jumped on Wednesday after the payments company said executives and board members bought the stock.</p>\n<p>Paysafe’s (ticker: PSFE) CEO Philip McHugh bought approximately 290,000 shares of common stock worth $1 million on the open market on Dec. 3, the company&nbsp;said in a news release. Other executives and independent board members purchased 447,000 shares totaling approximately $1.8 million between Nov. 12 and Dec. 3, it said. The company didn’t immediately respond to a request for comment on the purchases.</p>\n<p>The stock jumped roughly 7% to $3.9 on Wednesday. As of the market close on Tuesday, Paysafe shares had lost 75.9% year to date.</p>\n<p>On Nov. 11, the U.K.-based online payments company&nbsp;reported sales of $354 million for the third quarter, below analysts’ forecasts of $370.6 million. The company attributed the drop to the “exit of certain clients in the direct marketing vertical within the Integrated Processing segment.” Paysafe operates in three segments: integrated processing, digital wallets, and eCash solutions.</p>\n<p>The company also reduced its forecast for revenue for the full year. It expects revenue of $1.47 billion to $1.48 billion, down from a previous guidance call of $1.53 billion to $1.55 billion. Paysafe said it revised its guidance due to gambling regulations and softness in European markets.</p>\n<p>Several analysts cut their price targets on the stock following the earnings news.</p>\n<p>Cowen&nbsp;analyst George Mihalos downgraded Paysafe to Market Perform from Outperform and reduced his target to $7 from $14.Susquehanna analyst James Friedman reduced the firm’s price target to $13 from $17 while maintaining a positive rating.Credit Suisse&nbsp;analyst Timothy Chiodo lowered his call to $4 from $9 and reiterated a Neutral rating on the stock.</p>","source":"lsy1601382232898","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Paysafe Stock Has Had a Tough Year. Executives Are Snapping Up Shares.</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nPaysafe Stock Has Had a Tough Year. Executives Are Snapping Up Shares.\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-12-09 09:02 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.barrons.com/articles/paysafe-stock-price-insider-buying-51638975288?siteid=yhoof2&tesla=y><strong>Barrons</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Shares of Paysafe jumped on Wednesday after the payments company said executives and board members bought the stock.\nPaysafe’s (ticker: PSFE) CEO Philip McHugh bought approximately 290,000 shares of ...</p>\n\n<a href=\"https://www.barrons.com/articles/paysafe-stock-price-insider-buying-51638975288?siteid=yhoof2&tesla=y\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"PSFE":"Paysafe Ltd"},"source_url":"https://www.barrons.com/articles/paysafe-stock-price-insider-buying-51638975288?siteid=yhoof2&tesla=y","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1102646843","content_text":"Shares of Paysafe jumped on Wednesday after the payments company said executives and board members bought the stock.\nPaysafe’s (ticker: PSFE) CEO Philip McHugh bought approximately 290,000 shares of common stock worth $1 million on the open market on Dec. 3, the company said in a news release. Other executives and independent board members purchased 447,000 shares totaling approximately $1.8 million between Nov. 12 and Dec. 3, it said. The company didn’t immediately respond to a request for comment on the purchases.\nThe stock jumped roughly 7% to $3.9 on Wednesday. As of the market close on Tuesday, Paysafe shares had lost 75.9% year to date.\nOn Nov. 11, the U.K.-based online payments company reported sales of $354 million for the third quarter, below analysts’ forecasts of $370.6 million. The company attributed the drop to the “exit of certain clients in the direct marketing vertical within the Integrated Processing segment.” Paysafe operates in three segments: integrated processing, digital wallets, and eCash solutions.\nThe company also reduced its forecast for revenue for the full year. It expects revenue of $1.47 billion to $1.48 billion, down from a previous guidance call of $1.53 billion to $1.55 billion. Paysafe said it revised its guidance due to gambling regulations and softness in European markets.\nSeveral analysts cut their price targets on the stock following the earnings news.\nCowen analyst George Mihalos downgraded Paysafe to Market Perform from Outperform and reduced his target to $7 from $14.Susquehanna analyst James Friedman reduced the firm’s price target to $13 from $17 while maintaining a positive rating.Credit Suisse analyst Timothy Chiodo lowered his call to $4 from $9 and reiterated a Neutral rating on the stock.","news_type":1},"isVote":1,"tweetType":1,"viewCount":1149,"commentLimit":10,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"symbols":[],"verified":2,"subType":0,"readableState":1,"langContent":"CN","currentLanguage":"CN","warmUpFlag":false,"orderFlag":false,"shareable":true,"causeOfNotShareable":"","featuresForAnalytics":[],"commentAndTweetFlag":false,"andRepostAutoSelectedFlag":false,"upFlag":false,"length":2,"xxTargetLangEnum":"ZH_CN"},"commentList":[],"isCommentEnd":true,"isTiger":false,"isWeiXinMini":false,"url":"/m/post/602630765"}