Payoneer Global Inc. (NASDAQ:PAYO) Receives $12.57 Average PT from Analysts

Payoneer Global Inc. (NASDAQ:PAYO) has been assigned a consensus rating of “Moderate Buy” from the nine ratings firms that are covering the company, Marketbeat reports. Two investment analysts have rated the stock with a hold rating, six have assigned a buy rating and one has assigned a strong buy rating to the company. The average 1 year price target among brokerages that have issued a report on the stock in the last year is $13.07.

A number of research firms have recently issued reports on PAYO. Benchmark upped their price objective on Payoneer Global from $10.00 to $12.00 and gave the stock a “buy” rating in a report on Wednesday, November 6th. The Goldman Sachs Group boosted their target price on Payoneer Global from $9.00 to $12.00 and gave the company a “buy” rating in a research note on Wednesday, November 6th. Wolfe Research cut Payoneer Global from an “outperform” rating to a “peer perform” rating in a report on Wednesday, January 8th. Citigroup increased their target price on Payoneer Global from $14.50 to $16.50 and gave the company a “buy” rating in a report on Tuesday. Finally, Deutsche Bank Aktiengesellschaft assumed coverage on Payoneer Global in a report on Monday, February 3rd. They set a “buy” rating and a $13.00 target price for the company.

Payoneer Global Stock Up 4.3 %

Payoneer Global stock opened at $8.34 on Friday. Payoneer Global has a 52 week low of $4.22 and a 52 week high of $11.29. The business has a 50-day simple moving average of $10.16 and a 200 day simple moving average of $9.28. The stock has a market cap of $2.97 billion, a price-to-earnings ratio of 23.83, a PEG ratio of 2.88 and a beta of 0.93.

Payoneer Global (NASDAQ:PAYO) last posted its 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). Payoneer Global had a return on equity of 17.78% and a net margin of 13.82%. The business had revenue of $261.74 million for the quarter, compared to analysts’ expectations of $242.14 million. During the same quarter in the previous year, the firm earned $0.05 earnings per share. On average, research analysts anticipate that Payoneer Global will post 0.34 earnings per share for the current year.

Insiders Place Their Bets

In related news, CFO Beatrice Ordonez sold 85,000 shares of the firm’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 transaction of $884,000.00. Following the completion of the transaction, the chief financial officer now owns 2,305,245 shares of the company’s stock, valued at $23,974,548. This trade represents a 3.56 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Tsafi Goldman sold 263,873 shares of Payoneer Global stock in a transaction on Tuesday, December 10th. The stock was sold at an average price of $10.10, for a total value of $2,665,117.30. Following the completion of the sale, the insider now directly owns 741,748 shares of the company’s stock, valued at approximately $7,491,654.80. The trade was a 26.24 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 445,223 shares of company stock worth $4,519,362. 5.57% of the stock is currently owned by company insiders.

Institutional Trading of Payoneer Global

A number of institutional investors and hedge funds have recently modified their holdings of the business. Susquehanna Capital Management LLC boosted its stake in shares of Payoneer Global by 290.3% in the 4th quarter. Susquehanna Capital Management LLC now owns 25,268,954 shares of the company’s stock worth $253,700,000 after buying an additional 18,794,047 shares during the last quarter. Price T Rowe Associates Inc. MD boosted its stake in shares of Payoneer Global by 5.3% in the 4th quarter. Price T Rowe Associates Inc. MD now owns 8,709,989 shares of the company’s stock worth $87,450,000 after buying an additional 440,231 shares during the last quarter. American Century Companies Inc. boosted its stake in shares of Payoneer Global by 24.8% in the 4th quarter. American Century Companies Inc. now owns 8,166,652 shares of the company’s stock worth $81,993,000 after buying an additional 1,624,948 shares during the last quarter. Geode Capital Management LLC lifted its position in Payoneer Global by 2.4% during the fourth quarter. Geode Capital Management LLC now owns 6,777,377 shares of the company’s stock valued at $68,059,000 after purchasing an additional 156,252 shares in the last quarter. Finally, Millennium Management LLC lifted its position in Payoneer Global by 0.3% during the fourth quarter. Millennium Management LLC now owns 6,523,595 shares of the company’s stock valued at $65,497,000 after purchasing an additional 21,149 shares in the last quarter. Institutional investors 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.