Payoneer Global (NASDAQ:PAYO) Now Covered by Deutsche Bank Aktiengesellschaft

Equities research analysts at Deutsche Bank Aktiengesellschaft initiated coverage on shares of Payoneer Global (NASDAQ:PAYO) in a research report issued on Monday,Benzinga reports. The brokerage set a “buy” rating and a $13.00 price target on the stock. Deutsche Bank Aktiengesellschaft’s price objective points to a potential upside of 22.64% from the stock’s previous close.

PAYO has been the topic of a number of other reports. Wolfe Research downgraded shares of Payoneer Global from an “outperform” rating to a “peer perform” rating in a research report on Wednesday, January 8th. Citigroup boosted their price objective on shares of Payoneer Global from $8.50 to $13.00 and gave the company a “buy” rating in a research report on Tuesday, January 14th. The Goldman Sachs Group boosted their price objective on shares of Payoneer Global from $9.00 to $12.00 and gave the company a “buy” rating in a research report on Wednesday, November 6th. Keefe, Bruyette & Woods decreased their target price on shares of Payoneer Global from $12.00 to $11.00 and set a “market perform” rating for the company in a research report on Monday, January 6th. Finally, Benchmark boosted their target price on shares of Payoneer Global from $10.00 to $12.00 and gave the stock a “buy” rating in a research report on Wednesday, November 6th. Two research analysts have rated the stock with a hold rating, six have given a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $12.00.

Payoneer Global Trading Down 2.8 %

Shares of NASDAQ:PAYO opened at $10.60 on Monday. The company has a 50 day moving average of $10.38 and a 200-day moving average of $8.65. The firm has a market cap of $3.78 billion, a P/E ratio of 30.29 and a beta of 0.93. Payoneer Global has a twelve month low of $4.22 and a twelve month high of $11.29.

Payoneer Global (NASDAQ:PAYO) last released its earnings results on Tuesday, November 5th. The company reported $0.11 EPS for the quarter, topping analysts’ consensus estimates of $0.04 by $0.07. Payoneer Global had a net margin of 13.82% and a return on equity of 17.78%. The business had revenue of $248.30 million for the quarter, compared to the consensus estimate of $225.44 million. During the same period in the previous year, the firm earned $0.05 EPS. The business’s revenue for the quarter was up 19.4% on a year-over-year basis. Equities research analysts forecast that Payoneer Global will post 0.35 EPS for the current year.

Insider Activity at Payoneer Global

In related news, CAO Itai Perry sold 52,829 shares of the stock in a transaction dated Monday, November 18th. The shares were sold at an average price of $10.64, for a total transaction of $562,100.56. Following the completion of the sale, the chief accounting officer now owns 201,882 shares in the company, valued at $2,148,024.48. This trade represents a 20.74 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, insider Tsafi Goldman sold 96,350 shares of the stock in a transaction dated Thursday, January 2nd. The stock was sold at an average price of $10.07, for a total transaction of $970,244.50. Following the sale, the insider now directly owns 741,748 shares in the company, valued at approximately $7,469,402.36. This represents a 11.50 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 7,999,625 shares of company stock worth $82,498,514 in the last ninety days. 5.57% of the stock is currently owned by insiders.

Institutional Trading of Payoneer Global

A number of hedge funds and other institutional investors have recently made changes to their positions in the business. Blue Trust Inc. boosted its position in Payoneer Global by 21.2% during the fourth quarter. Blue Trust Inc. now owns 5,380 shares of the company’s stock worth $54,000 after purchasing an additional 940 shares during the period. Fifth Third Bancorp raised its stake in Payoneer Global by 29.3% in the fourth quarter. Fifth Third Bancorp now owns 4,488 shares of the company’s stock valued at $45,000 after purchasing an additional 1,016 shares in the last quarter. Van ECK Associates Corp raised its stake in Payoneer Global by 1.6% in the third quarter. Van ECK Associates Corp now owns 84,209 shares of the company’s stock valued at $634,000 after purchasing an additional 1,306 shares in the last quarter. State of Alaska Department of Revenue raised its stake in Payoneer Global by 1.0% during the fourth quarter. State of Alaska Department of Revenue now owns 145,923 shares of the company’s stock worth $1,465,000 after acquiring an additional 1,498 shares in the last quarter. Finally, Louisiana State Employees Retirement System raised its stake in Payoneer Global by 1.4% during the fourth quarter. Louisiana State Employees Retirement System now owns 124,100 shares of the company’s stock worth $1,246,000 after acquiring an additional 1,700 shares in the last quarter. 82.22% of the stock is currently owned by institutional investors and hedge funds.

Payoneer Global Company Profile

Payoneer Global Inc operates as a financial technology company. It operates a payment infrastructure platform that provides customers with a one-stop, global, multi-currency account to serve their accounts receivable and accounts payable needs. The company delivers a suite of services that includes cross-border payments, physical and virtual MasterCard cards, working capital, risk management, and other services.