Payoneer Global Inc. (NASDAQ:PAYO) Given Consensus Rating of “Buy” by Analysts

Payoneer Global Inc. (NASDAQ:PAYO) has earned an average recommendation of “Buy” from the ten analysts that are currently covering the company, Marketbeat reports. One equities research analyst has rated the stock with a hold recommendation, eight have assigned a buy recommendation and one has assigned a strong buy recommendation to the company. The average twelve-month price objective among brokerages that have issued a report on the stock in the last year is $10.44.

Several brokerages have recently commented on PAYO. Keefe, Bruyette & Woods upgraded Payoneer Global from a “market perform” rating to an “outperform” rating and raised their target price for the company from $7.00 to $9.00 in a research note on Tuesday, May 13th. Citigroup reissued a “buy” rating and issued a $10.00 price objective (down previously from $13.00) on shares of Payoneer Global in a research note on Thursday, May 22nd. Needham & Company LLC lowered their target price on Payoneer Global from $14.00 to $8.00 and set a “buy” rating on the stock in a research report on Thursday, May 8th. Jefferies Financial Group upped their price objective on shares of Payoneer Global from $8.00 to $8.50 and gave the stock a “buy” rating in a report on Tuesday, May 27th. Finally, The Goldman Sachs Group lowered their target price on shares of Payoneer Global from $11.00 to $9.00 and set a “buy” rating on the stock in a report on Wednesday, April 2nd.

Payoneer Global Price Performance

Shares of NASDAQ:PAYO opened at $6.51 on Monday. The business’s 50-day moving average is $6.78 and its 200-day moving average is $8.55. Payoneer Global has a 1 year low of $5.03 and a 1 year high of $11.29. The company has a market capitalization of $2.35 billion, a price-to-earnings ratio of 18.60, a P/E/G ratio of 2.88 and a beta of 0.99.

Payoneer Global (NASDAQ:PAYO) last released its quarterly earnings data on Wednesday, May 7th. The company reported $0.05 earnings per share for the quarter, missing the consensus estimate of $0.07 by ($0.02). The company had revenue of $246.62 million during the quarter, compared to the consensus estimate of $244.52 million. Payoneer Global had a net margin of 13.82% and a return on equity of 17.78%. The business’s revenue was up 8.1% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.08 EPS. Analysts anticipate that Payoneer Global will post 0.34 EPS for the current year.

Insider Buying and Selling at Payoneer Global

In related news, Director Susanna Morgan sold 16,180 shares of the stock in a transaction dated Monday, June 2nd. The shares were sold at an average price of $6.77, for a total transaction of $109,538.60. Following the completion of the transaction, the director now owns 80,902 shares in the company, valued at approximately $547,706.54. This represents a 16.67% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Corporate insiders own 2.58% of the company’s stock.

Institutional Investors Weigh In On Payoneer Global

Several large investors have recently modified their holdings of PAYO. Quarry LP bought a new position in Payoneer Global during the fourth quarter valued at $29,000. Farther Finance Advisors LLC purchased a new stake in Payoneer Global in the 1st quarter worth about $25,000. Smartleaf Asset Management LLC increased its holdings in Payoneer Global by 405.8% in the 4th quarter. Smartleaf Asset Management LLC now owns 3,819 shares of the company’s stock worth $38,000 after acquiring an additional 3,064 shares during the last quarter. BI Asset Management Fondsmaeglerselskab A S purchased a new stake in Payoneer Global during the first quarter valued at about $34,000. Finally, Versant Capital Management Inc boosted its position in Payoneer Global by 420.6% during the first quarter. Versant Capital Management Inc now owns 5,034 shares of the company’s stock worth $37,000 after purchasing an additional 4,067 shares during the period. Hedge funds and other institutional investors own 82.22% of the company’s stock.

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.