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

Shares of Payoneer Global Inc. (NASDAQ:PAYO) have earned an average recommendation of “Buy” from the seven analysts that are presently covering the stock, Marketbeat Ratings reports. Six analysts have rated the stock with a buy recommendation and one has issued a strong buy recommendation on the company. The average 12 month price objective among analysts that have issued ratings on the stock in the last year is $10.79.

PAYO has been the topic of several recent research reports. Needham & Company LLC lifted their price objective on shares of Payoneer Global from $10.00 to $14.00 and gave the stock a “buy” rating in a research note on Wednesday, November 6th. Northland Securities upped their target price on Payoneer Global from $9.00 to $10.00 and gave the company an “outperform” rating in a report on Tuesday, September 10th. The Goldman Sachs Group lifted their target price on shares of Payoneer Global from $9.00 to $12.00 and gave the company a “buy” rating in a research note on Wednesday, November 6th. Benchmark boosted their price target on Payoneer Global from $10.00 to $12.00 and gave the company a “buy” rating in a research note on Wednesday, November 6th. Finally, Citigroup increased their target price on shares of Payoneer Global from $7.00 to $8.50 and gave the stock a “buy” rating in a research report on Monday, August 12th.

Payoneer Global Price Performance

Shares of PAYO stock opened at $10.94 on Thursday. Payoneer Global has a 12-month low of $4.22 and a 12-month high of $11.29. The firm has a market capitalization of $3.90 billion, a price-to-earnings ratio of 31.26 and a beta of 0.82. The business has a 50 day simple moving average of $8.76 and a 200 day simple moving average of $7.03.

Payoneer Global (NASDAQ:PAYO) last posted its quarterly earnings data on Tuesday, November 5th. The company reported $0.11 earnings per share (EPS) for the quarter, beating the consensus estimate 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 during the quarter, compared to analysts’ expectations of $225.44 million. During the same period last year, the firm posted $0.05 earnings per share. The business’s revenue was up 19.4% on a year-over-year basis. On average, equities analysts anticipate that Payoneer Global will post 0.32 EPS for the current fiscal year.

Insider Transactions at Payoneer Global

In other news, Director Scott H. Galit sold 150,000 shares of the firm’s stock in a transaction dated Wednesday, August 28th. The shares were sold at an average price of $7.07, for a total transaction of $1,060,500.00. Following the completion of the transaction, the director now directly owns 1,809,674 shares of the company’s stock, valued at approximately $12,794,395.18. This trade represents a 7.65 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CAO Itai Perry sold 52,829 shares of Payoneer Global stock in a transaction that occurred on Monday, November 18th. The shares were sold at an average price of $10.64, for a total value of $562,100.56. Following the sale, the chief accounting officer now directly owns 201,882 shares in the company, valued at $2,148,024.48. The trade was a 20.74 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 7,710,829 shares of company stock worth $79,086,601 over the last three months. 5.57% of the stock is currently owned by insiders.

Institutional Trading of Payoneer Global

Large investors have recently added to or reduced their stakes in the company. Natixis acquired a new position in Payoneer Global during the 1st quarter worth about $3,106,000. Janus Henderson Group PLC grew its position in shares of Payoneer Global by 131.6% during the 1st quarter. Janus Henderson Group PLC now owns 358,940 shares of the company’s stock worth $1,744,000 after buying an additional 203,943 shares during the period. Tidal Investments LLC bought a new stake in Payoneer Global in the first quarter valued at approximately $986,000. Victory Capital Management Inc. increased its position in shares of Payoneer Global by 17.1% in the 2nd quarter. Victory Capital Management Inc. now owns 4,417,785 shares of the company’s stock valued at $24,475,000 after buying an additional 645,887 shares in the last quarter. Finally, ProShare Advisors LLC raised its position in shares of Payoneer Global by 7.5% during the first quarter. ProShare Advisors LLC now owns 53,333 shares of the company’s stock worth $259,000 after purchasing an additional 3,730 shares during the period. 82.22% of the stock is owned by institutional investors.

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.