Analysts Set Payoneer Global Inc. (NASDAQ:PAYO) Price Target at $10.79

Shares of Payoneer Global Inc. (NASDAQ:PAYO) have been given an average recommendation of “Buy” by the seven research firms that are covering the stock, Marketbeat reports. Six research analysts have rated the stock with a buy rating and one has given a strong buy rating to the company. The average twelve-month target price among brokerages that have issued ratings on the stock in the last year is $10.79.

A number of research firms have weighed in on PAYO. Cantor Fitzgerald upgraded Payoneer Global to a “strong-buy” rating in a research note on Monday, August 12th. Northland Securities raised their price target on Payoneer Global from $9.00 to $10.00 and gave the company an “outperform” rating in a research note on Tuesday, September 10th. Benchmark raised 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. Keefe, Bruyette & Woods raised their price target on Payoneer Global from $9.00 to $12.00 and gave the company an “outperform” rating in a research note on Wednesday, November 6th. Finally, Citigroup raised their price target on Payoneer Global from $7.00 to $8.50 and gave the company a “buy” rating in a research note on Monday, August 12th.

Payoneer Global Trading Up 1.4 %

NASDAQ:PAYO opened at $10.93 on Thursday. The firm has a market cap of $3.90 billion, a PE ratio of 31.23 and a beta of 0.82. The stock has a fifty day moving average price of $8.69 and a 200 day moving average price of $6.99. Payoneer Global has a 12-month low of $4.22 and a 12-month high of $10.99.

Payoneer Global (NASDAQ:PAYO) last released its earnings results on Tuesday, November 5th. The company reported $0.11 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.04 by $0.07. The firm had revenue of $248.30 million during the quarter, compared to analyst estimates of $225.44 million. Payoneer Global had a return on equity of 17.78% and a net margin of 13.82%. Payoneer Global’s revenue was up 19.4% compared to the same quarter last year. During the same period last year, the business posted $0.05 earnings per share. Equities analysts forecast that Payoneer Global will post 0.32 EPS for the current year.

Insider Activity

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

Institutional Trading of Payoneer Global

Several institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Natixis purchased a new position in shares of Payoneer Global during the 1st quarter worth approximately $3,106,000. Janus Henderson Group PLC grew its holdings in shares of Payoneer Global by 131.6% in the 1st quarter. Janus Henderson Group PLC now owns 358,940 shares of the company’s stock worth $1,744,000 after acquiring an additional 203,943 shares during the period. Tidal Investments LLC acquired a new stake in shares of Payoneer Global in the 1st quarter worth approximately $986,000. Victory Capital Management Inc. grew its holdings 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 worth $24,475,000 after acquiring an additional 645,887 shares during the period. Finally, ProShare Advisors LLC grew its holdings in shares of Payoneer Global by 7.5% in the 1st quarter. ProShare Advisors LLC now owns 53,333 shares of the company’s stock worth $259,000 after acquiring an additional 3,730 shares during the period. 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.