Payoneer Global (NASDAQ:PAYO) Downgraded by Northland Securities to “Hold”

Northland Securities downgraded shares of Payoneer Global (NASDAQ:PAYO) from a strong-buy rating to a hold rating in a report issued on Monday,Zacks.com reports.

Several other analysts have also commented on PAYO. William Blair reissued a “market perform” rating on shares of Payoneer Global in a report on Monday. Benchmark reissued a “buy” rating and set a $9.00 price target on shares of Payoneer Global in a research report on Wednesday, June 10th. Deutsche Bank Aktiengesellschaft reissued a “buy” rating and set a $7.40 target price on shares of Payoneer Global in a research note on Tuesday. Keefe, Bruyette & Woods decreased their price objective on shares of Payoneer Global from $7.50 to $7.00 and set an “outperform” rating on the stock in a report on Friday, February 27th. Finally, Weiss Ratings raised shares of Payoneer Global from a “sell (d+)” rating to a “hold (c-)” rating in a research report on Thursday. Four equities research analysts have rated the stock with a Buy rating and five have given a Hold rating to the company. According to MarketBeat, the company currently has an average rating of “Hold” and an average target price of $7.40.

Payoneer Global Stock Up 4.1%

Shares of NASDAQ PAYO opened at $7.03 on Monday. The firm has a market cap of $2.35 billion, a PE ratio of 35.15, a price-to-earnings-growth ratio of 0.72 and a beta of 1.02. The business has a fifty day simple moving average of $5.18 and a two-hundred day simple moving average of $5.33. Payoneer Global has a twelve month low of $4.08 and a twelve month high of $7.66.

Payoneer Global (NASDAQ:PAYO) last announced its earnings results on Thursday, May 7th. The company reported $0.06 earnings per share for the quarter, beating the consensus estimate of $0.04 by $0.02. The company had revenue of $261.60 million during the quarter, compared to the consensus estimate of $255.12 million. Payoneer Global had a net margin of 6.76% and a return on equity of 11.10%. Payoneer Global’s revenue was up 6.1% compared to the same quarter last year. During the same period last year, the firm earned $0.05 earnings per share. On average, research analysts expect that Payoneer Global will post 0.27 earnings per share for the current year.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the business. Royal Bank of Canada lifted its holdings in shares of Payoneer Global by 299.7% during the 1st quarter. Royal Bank of Canada now owns 158,997 shares of the company’s stock valued at $1,162,000 after acquiring an additional 119,219 shares in the last quarter. AQR Capital Management LLC grew its holdings in shares of Payoneer Global by 8.8% during the first quarter. AQR Capital Management LLC now owns 291,908 shares of the company’s stock valued at $2,134,000 after purchasing an additional 23,533 shares during the last quarter. Caxton Associates LLP bought a new stake in Payoneer Global in the first quarter valued at $172,000. United Services Automobile Association bought a new position in shares of Payoneer Global in the first quarter worth $126,000. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC boosted its stake in Payoneer Global by 5.9% during the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 757,827 shares of the company’s stock valued at $5,540,000 after buying an additional 41,970 shares in the last quarter. 82.22% of the stock is currently owned by institutional investors and hedge funds.

Key Stories Impacting Payoneer Global

Here are the key news stories impacting Payoneer Global this week:

• Positive Sentiment: Nuvei agreed to buy Payoneer for $7.40 per share in cash, a deal worth roughly $2.75 billion, which is lifting the stock on acquisition value and takeover premium. Nuvei to Acquire Payoneer for $2.75 Billion, Creating a Leading Global Platform for Local and Cross-Border Commerce
• Positive Sentiment: The combined company is expected to create a broader global payments platform, with management highlighting scale, cross-border commerce capabilities, and access to stablecoin transactions across 190+ countries, which may improve the strategic appeal of the business. Nuvei Inks $2.75 Billion Payoneer Acquisition to Supercharge Cross-Border Commerce
• Neutral Sentiment: Payoneer’s shares were briefly halted on news pending, reflecting the market’s focus on the takeover announcement rather than operating updates. Payoneer to Be Acquired by Nuvei in Cash Deal
• Neutral Sentiment: William Blair reaffirmed a “market perform” rating on Payoneer, which is not driving the stock as much as the takeover news. Benzinga
• Negative Sentiment: Several law firms have launched shareholder investigations into whether Payoneer’s board secured a fair price in the sale, which could create legal overhang and inject some uncertainty into the deal process. Shareholder Alert: Ademi LLP investigates whether Payoneer Global Inc. is obtaining a Fair Price for Public Shareholders

Payoneer Global Company Profile

Payoneer Global (NASDAQ: PAYO) operates a digital payments platform that enables businesses, marketplaces and professionals to send and receive cross-border payments. The company’s core offerings include multi-currency receiving accounts, mass payout services and working capital solutions. Through its platform, Payoneer facilitates global transactions by connecting payors and payees across a network of local bank transfers, card payouts and digital wallets, supporting the seamless movement of funds in over 150 currencies.

Founded in 2005, Payoneer has grown from a small fintech venture into a widely adopted payments infrastructure provider that serves clients in more than 200 countries and territories.