Payoneer Global Inc. (NASDAQ:PAYO) Receives $12.57 Consensus PT from Brokerages

Shares of Payoneer Global Inc. (NASDAQ:PAYO) have received an average recommendation of “Moderate Buy” from the nine ratings firms that are currently covering the company, MarketBeat reports. Two research analysts have rated the stock with a hold rating, six have issued a buy rating and one has issued a strong buy rating on the company. The average twelve-month target price among brokerages that have issued ratings on the stock in the last year is $12.57.

Several brokerages recently commented on PAYO. Keefe, Bruyette & Woods cut their price objective on Payoneer Global from $11.00 to $10.00 and set a “market perform” rating for the company in a report on Friday. Needham & Company LLC boosted their price target on Payoneer Global from $10.00 to $14.00 and gave the company a “buy” rating in a research note on Wednesday, November 6th. The Goldman Sachs Group increased their price objective on shares of Payoneer Global from $9.00 to $12.00 and gave the stock a “buy” rating in a research note on Wednesday, November 6th. Deutsche Bank Aktiengesellschaft started coverage on Payoneer Global in a research note on Monday, February 3rd. They set a “buy” rating and a $13.00 price objective for the company. Finally, Northland Securities increased their target price on Payoneer Global from $13.00 to $14.00 and gave the stock an “outperform” rating in a research report on Friday, December 6th.

Payoneer Global Stock Performance

Shares of NASDAQ:PAYO opened at $8.35 on Friday. The firm has a market cap of $2.98 billion, a price-to-earnings ratio of 23.86, a price-to-earnings-growth ratio of 2.88 and a beta of 0.93. The business has a 50-day simple moving average of $10.24 and a two-hundred day simple moving average of $9.28. Payoneer Global has a fifty-two week low of $4.22 and a fifty-two week high of $11.29.

Payoneer Global (NASDAQ:PAYO) last issued its quarterly earnings data on Thursday, February 27th. The company reported $0.05 earnings per share for the quarter, missing analysts’ consensus estimates of $0.06 by ($0.01). Payoneer Global had a net margin of 13.82% and a return on equity of 17.78%. The company had revenue of $261.74 million for the quarter, compared to the consensus estimate of $242.14 million. During the same quarter last year, the company earned $0.05 EPS. As a group, research analysts predict that Payoneer Global will post 0.34 earnings per share for the current year.

Insider Buying and Selling at Payoneer Global

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

Institutional Investors Weigh In On Payoneer Global

A number of institutional investors and hedge funds have recently modified their holdings of the company. Robeco Institutional Asset Management B.V. purchased a new stake in Payoneer Global in the fourth quarter valued at $1,233,000. FMR LLC boosted its position in Payoneer Global by 17.2% in the 3rd quarter. FMR LLC now owns 1,129,312 shares of the company’s stock worth $8,504,000 after purchasing an additional 165,913 shares in the last quarter. Charles Schwab Investment Management Inc. grew its stake in shares of Payoneer Global by 3.0% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 2,337,156 shares of the company’s stock worth $17,599,000 after purchasing an additional 67,255 shares during the period. Allspring Global Investments Holdings LLC increased its holdings in shares of Payoneer Global by 133.5% during the 4th quarter. Allspring Global Investments Holdings LLC now owns 97,538 shares of the company’s stock valued at $990,000 after purchasing an additional 55,766 shares in the last quarter. Finally, Y Intercept Hong Kong Ltd acquired a new position in shares of Payoneer Global in the 4th quarter valued at $1,276,000. Institutional investors and hedge funds own 82.22% of the company’s stock.

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.