Payoneer Global Inc. (NASDAQ:PAYO) Given Average Recommendation of “Moderate Buy” by Analysts

Payoneer Global Inc. (NASDAQ:PAYO) has earned a consensus recommendation of “Moderate Buy” from the nine research firms that are presently covering the firm, MarketBeat Ratings reports. Two investment analysts have rated the stock with a hold rating, six have issued a buy rating and one has given a strong buy rating to the company. The average 1 year price target among analysts that have covered the stock in the last year is $12.57.

Several research analysts have recently commented on PAYO shares. Northland Securities lifted their price target on shares of Payoneer Global from $13.00 to $14.00 and gave the company an “outperform” rating in a report on Friday, December 6th. Keefe, Bruyette & Woods reduced their target price on shares of Payoneer Global from $11.00 to $10.00 and set a “market perform” rating for the company in a research note on Friday. Needham & Company LLC boosted their target price on shares of Payoneer Global from $10.00 to $14.00 and gave the company a “buy” rating in a research note on Wednesday, November 6th. Benchmark boosted their target price on shares of Payoneer Global from $10.00 to $12.00 and gave the company a “buy” rating in a research note on Wednesday, November 6th. Finally, Wolfe Research lowered shares of Payoneer Global from an “outperform” rating to a “peer perform” rating in a research note on Wednesday, January 8th.

Insiders Place Their Bets

In other Payoneer Global news, CFO Beatrice Ordonez sold 85,000 shares of the business’s stock in a transaction dated Tuesday, January 21st. The shares were sold at an average price of $10.40, for a total transaction of $884,000.00. Following the sale, the chief financial officer now directly owns 2,305,245 shares in the company, valued at approximately $23,974,548. The trade was a 3.56 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Tsafi Goldman sold 96,350 shares of the business’s stock in a transaction that occurred on Thursday, January 2nd. The stock was sold at an average price of $10.07, for a total transaction of $970,244.50. Following the completion of the sale, the insider now owns 741,748 shares in the company, valued at $7,469,402.36. The trade was a 11.50 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 445,223 shares of company stock worth $4,519,362. 5.57% of the stock is owned by corporate insiders.

Institutional Trading of Payoneer Global

Hedge funds and other institutional investors have recently made changes to their positions in the business. Quarry LP bought a new stake in shares of Payoneer Global in the 4th quarter worth approximately $29,000. Blue Trust Inc. raised its holdings in shares of Payoneer Global by 135.2% in the 3rd quarter. Blue Trust Inc. now owns 4,440 shares of the company’s stock worth $33,000 after purchasing an additional 2,552 shares in the last quarter. Smartleaf Asset Management LLC raised its holdings in shares of Payoneer Global by 405.8% in the 4th quarter. Smartleaf Asset Management LLC now owns 3,819 shares of the company’s stock worth $38,000 after purchasing an additional 3,064 shares in the last quarter. Fifth Third Bancorp raised its holdings in shares of Payoneer Global by 29.3% in the 4th quarter. Fifth Third Bancorp now owns 4,488 shares of the company’s stock worth $45,000 after purchasing an additional 1,016 shares in the last quarter. Finally, GAMMA Investing LLC raised its holdings in shares of Payoneer Global by 41.7% in the 4th quarter. GAMMA Investing LLC now owns 8,241 shares of the company’s stock worth $83,000 after purchasing an additional 2,425 shares in the last quarter. 82.22% of the stock is currently owned by institutional investors.

Payoneer Global Stock Performance

NASDAQ PAYO opened at $8.55 on Friday. Payoneer Global has a one year low of $4.22 and a one year high of $11.29. The company has a 50-day simple moving average of $10.27 and a 200-day simple moving average of $9.24. The firm has a market capitalization of $3.05 billion, a PE ratio of 24.43, a price-to-earnings-growth ratio of 2.88 and a beta of 0.93.

Payoneer Global (NASDAQ:PAYO) last posted its quarterly earnings results on Thursday, February 27th. The company reported $0.05 EPS for the quarter, missing the consensus estimate of $0.06 by ($0.01). Payoneer Global had a net margin of 13.82% and a return on equity of 17.78%. The business had revenue of $261.74 million during the quarter, compared to analyst estimates of $242.14 million. During the same period last year, the firm posted $0.05 earnings per share. Equities analysts forecast that Payoneer Global will post 0.34 earnings per share for the current year.

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.