John Clark’s Southpoint Capital is Selling These 5 Stocks

2. Paysafe Limited (NYSE:PSFE)

Total Number of Hedge Fund Holders: 42

London-based Paysafe Limited (NYSE: PSFE) is up next on the list of stocks John Clark is selling. The company provides online payment solutions and operates through its segments: Integrated Processing, Digital Wallet and eCash Solutions.

On November 12, research firm RBC Capital reiterated its ‘Outperform’ rating on the company stock, lowering the price target from $15 to $9. The firm’s analyst Daniel Perlin noted that Q3 results were disappointing as the company’s Digital Wallet segment came under pressure from open banking and direct to bank apps in Europe. The analyst remained positive on a number of unique features offered by the company, but believes the management has much to do to regain investor confidence.