Why Sofi and Paysafe Stock Went Up Last Week — Can It Continue?

In today’s video I look at recent news and share some metrics that SoFi (NASDAQ:SOFI) and Paysafe (NYSE:PSFE) investors should watch for during the upcoming earnings. Here are some highlights from the video. 

  1. Sofi is scheduled to release its second-quarter 2021 earnings after the market closes on Thursday, Aug. 12. Paysafe is scheduled to release its second-quarter 2021 earnings before the market opens on Monday, Aug. 16. 
  2. On Aug. 2, Paysafe entered a definitive agreement to acquire PagoEfectivo, an alternative payments platform focused on Latin America. The acquisition will accelerate Paysafe expansion into Latin America, bringing more opportunities to its eCash business. The deal is expected to close at the end of August, and no financial terms have currently been disclosed. 
  3. Sofi and Paysafe stock prices have been trending upward since Square (NYSE:SQ) announced its acquisition of Afterpay (OTC:AFTP.F). The acquisition may have some investors hopeful that one of these fintech companies could be a potential target for future purchases. 

Click the video below for my full thoughts and analysis. 

*Stock prices used were the midday prices of Aug. 6, 2021. The video was published on Aug. 6, 2021.

This article represents the opinion of the writer, who may disagree with the “official” recommendation position of a Motley Fool premium advisory service. We’re motley! Questioning an investing thesis — even one of our own — helps us all think critically about investing and make decisions that help us become smarter, happier, and richer.

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View more information: https://www.fool.com/investing/2021/08/10/why-sofi-and-paysafe-stock-went-up-last-week-can-i/

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