Payoneer Global (NASDAQ:PAYO) Given New $13.00 Price Target at Citigroup

Payoneer Global (NASDAQ:PAYO) had its target price boosted by stock analysts at Citigroup from $8.50 to $13.00 in a research note issued to investors on Tuesday,Benzinga reports. The firm currently has a “buy” rating on the stock. Citigroup’s price target suggests a potential upside of 23.81% from the company’s previous close.

A number of other analysts have also commented on PAYO. Northland Securities lifted their price objective on Payoneer Global from $13.00 to $14.00 and gave the stock an “outperform” rating in a research report on Friday, December 6th. The Goldman Sachs Group boosted their price target 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. Benchmark increased their price objective on shares of Payoneer Global from $10.00 to $12.00 and gave the company a “buy” rating in a report on Wednesday, November 6th. Keefe, Bruyette & Woods lowered their target price on shares of Payoneer Global from $12.00 to $11.00 and set a “market perform” rating for the company in a report on Monday, January 6th. Finally, Wolfe Research downgraded Payoneer Global from an “outperform” rating to a “peer perform” rating in a research note on Wednesday, January 8th. Two analysts have rated the stock with a hold rating, five have assigned a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $11.86.

Payoneer Global Trading Up 6.0 %

Shares of PAYO stock opened at $10.50 on Tuesday. The firm has a market capitalization of $3.74 billion, a price-to-earnings ratio of 30.00 and a beta of 0.92. The firm’s 50 day moving average is $10.40 and its 200-day moving average is $8.18. Payoneer Global has a 1 year low of $4.22 and a 1 year high of $11.29.

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, topping the consensus estimate of $0.04 by $0.07. The firm had revenue of $248.30 million for the quarter, compared to the consensus estimate of $225.44 million. Payoneer Global had a return on equity of 17.78% and a net margin of 13.82%. The business’s revenue for the quarter was up 19.4% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.05 EPS. On average, equities research analysts forecast that Payoneer Global will post 0.35 earnings per share for the current fiscal year.

Insider Transactions at Payoneer Global

In other Payoneer Global news, insider Tsafi Goldman sold 263,873 shares of the firm’s stock in a transaction that occurred on Tuesday, December 10th. The shares were sold at an average price of $10.10, for a total transaction of $2,665,117.30. Following the sale, the insider now directly owns 741,748 shares in the company, valued at approximately $7,491,654.80. This trade represents a 26.24 % decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, insider Crossover Managemen Technology sold 7,500,000 shares of the stock in a transaction on Monday, November 11th. The stock was sold at an average price of $10.32, for a total transaction of $77,400,000.00. Following the sale, the insider now directly owns 34,197,116 shares of the company’s stock, valued at $352,914,237.12. This represents a 17.99 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 7,914,625 shares of company stock valued at $81,614,514 over the last three months. 5.57% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On Payoneer Global

Institutional investors have recently added to or reduced their stakes in the stock. Van ECK Associates Corp increased its holdings in Payoneer Global by 1.6% during the 3rd quarter. Van ECK Associates Corp now owns 84,209 shares of the company’s stock worth $634,000 after purchasing an additional 1,306 shares in the last quarter. The Manufacturers Life Insurance Company boosted its position in shares of Payoneer Global by 1.2% during the third quarter. The Manufacturers Life Insurance Company now owns 165,996 shares of the company’s stock worth $1,250,000 after buying an additional 1,907 shares during the period. Xponance Inc. grew its holdings in shares of Payoneer Global by 12.1% during the second quarter. Xponance Inc. now owns 17,928 shares of the company’s stock worth $99,000 after buying an additional 1,942 shares in the last quarter. GAMMA Investing LLC raised its position in Payoneer Global by 41.7% in the 4th quarter. GAMMA Investing LLC now owns 8,241 shares of the company’s stock valued at $83,000 after buying an additional 2,425 shares during the last quarter. Finally, Blue Trust Inc. lifted its stake in Payoneer Global by 135.2% in the 3rd quarter. Blue Trust Inc. now owns 4,440 shares of the company’s stock valued at $33,000 after acquiring an additional 2,552 shares in the last quarter. 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.