Payoneer Global Inc. (NASDAQ:PAYO) Receives Average Rating of “Hold” from Brokerages

Payoneer Global Inc. (NASDAQ:PAYO) has received an average rating of “Hold” from the nine analysts that are currently covering the company, Marketbeat reports. Eight research analysts have rated the stock with a hold rating and one has issued a buy rating on the company. The average 12 month price objective among brokers that have issued a report on the stock in the last year is $7.40.

PAYO has been the topic of several analyst reports. Keefe, Bruyette & Woods lowered shares of Payoneer Global from a “moderate buy” rating to a “hold” rating in a research report on Monday, June 15th. Needham & Company LLC downgraded shares of Payoneer Global from a “buy” rating to a “hold” rating in a research report on Monday, June 15th. William Blair lowered shares of Payoneer Global from an “outperform” rating to a “hold” rating in a research note on Monday, June 15th. Weiss Ratings upgraded shares of Payoneer Global from a “hold (c-)” rating to a “hold (c)” rating in a research note on Tuesday, September 1st. Finally, Deutsche Bank Aktiengesellschaft cut shares of Payoneer Global from a “buy” rating to a “hold” rating in a report on Friday, August 7th.

Institutional Trading of Payoneer Global

Institutional investors and hedge funds have recently bought and sold shares of the business. BlackRock Inc. bought a new position in shares of Payoneer Global during the 2nd quarter worth approximately $278,076,000. Pentwater Capital Management LP acquired a new stake in Payoneer Global during the 2nd quarter valued at $70,405,000. Dimensional Fund Advisors LP lifted its holdings in Payoneer Global by 3.6% during the 1st quarter. Dimensional Fund Advisors LP now owns 7,544,420 shares of the company’s stock valued at $36,438,000 after purchasing an additional 263,030 shares during the last quarter. Bank of America Corp DE bought a new position in Payoneer Global during the second quarter worth $26,398,000. Finally, Fiera Capital Corp boosted its position in Payoneer Global by 29.6% during the fourth quarter. Fiera Capital Corp now owns 2,124,742 shares of the company’s stock worth $11,941,000 after purchasing an additional 485,859 shares during the period. Institutional investors own 82.22% of the company’s stock.

Payoneer Global Price Performance

NASDAQ:PAYO opened at $7.14 on Friday. Payoneer Global has a twelve month low of $4.08 and a twelve month high of $7.19. The firm has a market capitalization of $2.42 billion, a price-to-earnings ratio of 51.00, a price-to-earnings-growth ratio of 1.83 and a beta of 0.88. The stock’s 50 day moving average price is $7.13 and its two-hundred day moving average price is $6.20.

Payoneer Global (NASDAQ:PAYO) last released its quarterly earnings data on Thursday, August 6th. The company reported ($0.01) EPS for the quarter, missing the consensus estimate of $0.06 by ($0.07). Payoneer Global had a net margin of 4.65% and a return on equity of 9.97%. The company had revenue of $274.26 million during the quarter, compared to analyst estimates of $270.98 million. During the same period in the previous year, the company posted $0.05 EPS. The company’s quarterly revenue was up 5.2% compared to the same quarter last year. As a group, analysts anticipate that Payoneer Global will post 0.16 earnings per share for the current year.

About Payoneer Global

Payoneer Global Inc (NASDAQ: PAYO) is a financial technology company that provides digital commerce and cross-border payment services. Its platform enables businesses, freelancers, marketplaces and other organizations to send, receive and manage funds across international markets.

Payoneer’s services include multi-currency receiving accounts, cross-border payments, mass payouts and business payment solutions. The company also offers tools designed to help customers manage invoices, access funds, make payments to suppliers and contractors, and conduct other day-to-day financial activities through a unified digital platform.

Payoneer serves small and medium-sized businesses, online sellers, freelance professionals, creators and companies participating in global marketplaces.