Keefe, Bruyette & Woods Lowers Payoneer Global (NASDAQ:PAYO) Price Target to $8.00

Payoneer Global (NASDAQ:PAYO) had its price target cut by Keefe, Bruyette & Woods from $10.00 to $8.00 in a report issued on Monday,Benzinga reports. The firm currently has a “market perform” rating on the stock. Keefe, Bruyette & Woods’ price objective points to a potential upside of 7.10% from the company’s previous close.

Other equities research analysts have also recently issued research reports about the stock. Wolfe Research cut shares of Payoneer Global from an “outperform” rating to a “peer perform” rating in a research report on Wednesday, January 8th. Deutsche Bank Aktiengesellschaft started coverage on shares of Payoneer Global in a research note on Monday, February 3rd. They set a “buy” rating and a $13.00 price objective 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. Finally, Citigroup boosted their target price on shares of Payoneer Global from $14.50 to $16.50 and gave the company a “buy” rating in a research report on Tuesday, March 4th. Two research analysts have rated the stock with a hold rating, six have given a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, Payoneer Global has an average rating of “Moderate Buy” and an average target price of $12.79.

Payoneer Global Trading Up 2.2 %

Shares of Payoneer Global stock opened at $7.47 on Monday. Payoneer Global has a 12 month low of $4.69 and a 12 month high of $11.29. The stock’s fifty day moving average price is $9.08 and its 200-day moving average price is $9.33. The firm has a market cap of $2.69 billion, a P/E ratio of 21.34, a P/E/G ratio of 2.88 and a beta of 0.97.

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). The business had revenue of $261.74 million during the quarter, compared to the consensus estimate of $242.14 million. Payoneer Global had a net margin of 13.82% and a return on equity of 17.78%. During the same quarter in the prior year, the firm posted $0.05 EPS. Analysts forecast 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, insider Tsafi Goldman sold 96,350 shares of the firm’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 value of $970,244.50. Following the sale, the insider now directly owns 741,748 shares of the company’s stock, valued at approximately $7,469,402.36. This trade 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 is accessible through this hyperlink. Also, CFO Beatrice Ordonez sold 85,000 shares of the company’s stock in a transaction that occurred on Tuesday, January 21st. The stock was sold at an average price of $10.40, for a total value of $884,000.00. Following the transaction, the chief financial officer now directly 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 ownership of the stock. The disclosure for this sale can be found here. 5.57% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On Payoneer Global

Several hedge funds and other institutional investors have recently added to or reduced their stakes in PAYO. Robeco Institutional Asset Management B.V. acquired a new position in shares of Payoneer Global during the 4th quarter worth about $1,233,000. Y Intercept Hong Kong Ltd acquired a new position in shares of Payoneer Global during the fourth quarter valued at approximately $1,276,000. FMR LLC lifted its position in shares of Payoneer Global by 17.2% in the third quarter. FMR LLC now owns 1,129,312 shares of the company’s stock valued at $8,504,000 after acquiring an additional 165,913 shares in the last quarter. Entropy Technologies LP purchased a new stake in shares of Payoneer Global during the fourth quarter worth approximately $540,000. Finally, Allspring Global Investments Holdings LLC increased its position in shares of Payoneer Global by 133.5% during the fourth quarter. Allspring Global Investments Holdings LLC now owns 97,538 shares of the company’s stock worth $990,000 after purchasing an additional 55,766 shares in the last quarter. 82.22% of the stock is owned by hedge funds and other institutional investors.

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.