Brokerages Set Payoneer Global Inc. (NASDAQ:PAYO) Price Target at $10.44

Payoneer Global Inc. (NASDAQ:PAYO) has been assigned an average rating of “Buy” from the ten research firms that are covering the company, Marketbeat reports. One equities research analyst has rated the stock with a hold rating, eight have issued a buy rating and one has assigned a strong buy rating to the company. The average 1 year price target among brokers that have issued ratings on the stock in the last year is $10.44.

Several equities analysts have recently weighed in on PAYO shares. Keefe, Bruyette & Woods raised shares of Payoneer Global from a “market perform” rating to an “outperform” rating and lifted their target price for the company from $7.00 to $9.00 in a report on Tuesday, May 13th. Needham & Company LLC cut their target price on shares of Payoneer Global from $14.00 to $8.00 and set a “buy” rating for the company in a report on Thursday, May 8th. Jefferies Financial Group lifted their target price on shares of Payoneer Global from $8.00 to $8.50 and gave the company a “buy” rating in a report on Tuesday, May 27th. Citigroup reaffirmed a “buy” rating and set a $10.00 target price (down from $13.00) on shares of Payoneer Global in a report on Thursday, May 22nd. Finally, The Goldman Sachs Group cut their target price on shares of Payoneer Global from $11.00 to $9.00 and set a “buy” rating for the company in a report on Wednesday, April 2nd.

Insider Activity at Payoneer Global

In other Payoneer Global news, Director Susanna Morgan sold 16,180 shares of Payoneer Global stock in a transaction on Monday, June 2nd. The shares were sold at an average price of $6.77, for a total transaction of $109,538.60. Following the sale, the director now owns 80,902 shares of the company’s stock, valued at $547,706.54. The trade was a 16.67% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. 2.58% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On Payoneer Global

Several institutional investors and hedge funds have recently added to or reduced their stakes in PAYO. Farther Finance Advisors LLC acquired a new stake in Payoneer Global during the 1st quarter worth $25,000. Quarry LP acquired a new stake in Payoneer Global during the 4th quarter worth $29,000. BI Asset Management Fondsmaeglerselskab A S acquired a new stake in Payoneer Global during the 1st quarter worth $34,000. Versant Capital Management Inc boosted its stake in Payoneer Global by 420.6% during the 1st quarter. Versant Capital Management Inc now owns 5,034 shares of the company’s stock worth $37,000 after purchasing an additional 4,067 shares during the last quarter. Finally, Smartleaf Asset Management LLC boosted its stake in Payoneer Global by 405.8% during 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 during the last quarter. Institutional investors and hedge funds own 82.22% of the company’s stock.

Payoneer Global Stock Up 1.5%

Shares of Payoneer Global stock opened at $6.96 on Monday. The firm has a market capitalization of $2.52 billion, a P/E ratio of 19.89, a PEG ratio of 2.88 and a beta of 0.99. The company has a 50 day moving average price of $6.75 and a 200 day moving average price of $8.60. Payoneer Global has a 52 week low of $5.03 and a 52 week high of $11.29.

Payoneer Global (NASDAQ:PAYO) last posted its quarterly earnings results on Wednesday, May 7th. The company reported $0.05 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.07 by ($0.02). Payoneer Global had a return on equity of 17.78% and a net margin of 13.82%. The business had revenue of $246.62 million for the quarter, compared to analysts’ expectations of $244.52 million. During the same period in the prior year, the business posted $0.08 earnings per share. The business’s quarterly revenue was up 8.1% compared to the same quarter last year. As a group, research analysts anticipate that Payoneer Global will post 0.34 earnings per share for the current fiscal 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.