Payoneer Global Inc. (NASDAQ:PAYO) Receives $13.07 Consensus Target Price from Analysts

Payoneer Global Inc. (NASDAQ:PAYO) has earned an average recommendation of “Moderate Buy” from the nine ratings firms that are presently covering the stock, Marketbeat.com reports. Two equities research analysts have rated the stock with a hold recommendation, six have assigned a buy recommendation and one has given a strong buy recommendation to the company. The average twelve-month target price among analysts that have issued a report on the stock in the last year is $13.07.

Several research analysts recently commented on PAYO shares. Deutsche Bank Aktiengesellschaft assumed coverage on shares of Payoneer Global in a report on Monday, February 3rd. They set a “buy” rating and a $13.00 target price for the company. Northland Securities increased their price objective on shares of Payoneer Global from $13.00 to $14.00 and gave the stock an “outperform” rating in a research note on Friday, December 6th. Citigroup lifted their target price on Payoneer Global from $14.50 to $16.50 and gave the company a “buy” rating in a research report on Tuesday, March 4th. Keefe, Bruyette & Woods reduced their price target on Payoneer Global from $11.00 to $10.00 and set a “market perform” rating for the company in a research report on Friday, February 28th. Finally, Wolfe Research downgraded Payoneer Global from an “outperform” rating to a “peer perform” rating in a research note on Wednesday, January 8th.

Insider Activity

In other news, insider Tsafi Goldman sold 96,350 shares of the 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 transaction, the insider now directly owns 741,748 shares of the company’s stock, valued at $7,469,402.36. This represents a 11.50 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, 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 sale, the chief financial officer now directly owns 2,305,245 shares of the company’s stock, valued at $23,974,548. The trade was a 3.56 % decrease in their position. The disclosure for this sale can be found here. Insiders own 5.57% of the company’s stock.

Hedge Funds Weigh In On Payoneer Global

Several institutional investors and hedge funds have recently made changes to their positions in PAYO. California State Teachers Retirement System boosted its stake in Payoneer Global by 2.3% in the 4th quarter. California State Teachers Retirement System now owns 284,558 shares of the company’s stock valued at $2,857,000 after purchasing an additional 6,350 shares during the period. Forum Financial Management LP bought a new position in shares of Payoneer Global during the fourth quarter worth approximately $122,000. Neo Ivy Capital Management bought a new position in Payoneer Global during the 4th quarter worth $1,543,000. Castleark Management LLC acquired a new position in Payoneer Global in the fourth quarter valued at about $6,067,000. Finally, PharVision Advisers LLC acquired a new stake in Payoneer Global during the fourth quarter worth about $125,000. Institutional investors and hedge funds own 82.22% of the company’s stock.

Payoneer Global Stock Performance

Shares of PAYO stock opened at $7.25 on Wednesday. The company has a market capitalization of $2.61 billion, a P/E ratio of 20.71, a price-to-earnings-growth ratio of 2.88 and a beta of 0.97. Payoneer Global has a 52 week low of $4.69 and a 52 week high of $11.29. The company’s 50 day moving average price is $9.21 and its two-hundred day moving average price is $9.30.

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

About Payoneer Global

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.