Payoneer Global Inc. (NASDAQ:PAYO) Receives $13.07 Average Price Target from Analysts

Payoneer Global Inc. (NASDAQ:PAYO) has been assigned an average rating of “Moderate Buy” from the nine brokerages that are presently covering the company, Marketbeat Ratings reports. Two analysts have rated the stock with a hold recommendation, six have given a buy recommendation and one has issued a strong buy recommendation on the company. The average 12-month price objective among analysts that have issued a report on the stock in the last year is $13.07.

Several equities analysts recently weighed in on the company. Citigroup lifted their price target on Payoneer Global from $14.50 to $16.50 and gave the company a “buy” rating in a research note on Tuesday, March 4th. Wolfe Research cut Payoneer Global from an “outperform” rating to a “peer perform” rating in a research report on Wednesday, January 8th. Northland Securities increased their target price on Payoneer Global from $13.00 to $14.00 and gave the company an “outperform” rating in a research report on Friday, December 6th. Keefe, Bruyette & Woods cut their price target on shares of Payoneer Global from $11.00 to $10.00 and set a “market perform” rating for the company in a report on Friday, February 28th. Finally, Deutsche Bank Aktiengesellschaft initiated coverage on shares of Payoneer Global in a report on Monday, February 3rd. They set a “buy” rating and a $13.00 price objective on the stock.

Payoneer Global Price Performance

Shares of NASDAQ PAYO opened at $7.25 on Wednesday. The stock has a market capitalization of $2.61 billion, a price-to-earnings ratio of 20.71, a PEG ratio of 2.88 and a beta of 0.97. The firm’s 50 day simple moving average is $9.21 and its 200-day simple moving average is $9.33. Payoneer Global has a 12 month low of $4.69 and a 12 month high of $11.29.

Payoneer Global (NASDAQ:PAYO) last announced its quarterly earnings results on Thursday, February 27th. The company reported $0.05 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.06 by ($0.01). Payoneer Global had a return on equity of 17.78% and a net margin of 13.82%. The firm had revenue of $261.74 million for the quarter, compared to analysts’ expectations of $242.14 million. During the same period last year, the company posted $0.05 earnings per share. Analysts anticipate that Payoneer Global will post 0.34 earnings per share for the current fiscal year.

Insider Buying and Selling at Payoneer Global

In other Payoneer Global news, CFO Beatrice Ordonez sold 85,000 shares of the firm’s stock in a transaction that occurred on Tuesday, January 21st. The shares were sold at an average price of $10.40, for a total value of $884,000.00. Following the transaction, the chief financial officer now directly 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 document filed with the SEC, which is available through this hyperlink. Also, insider Tsafi Goldman sold 96,350 shares of the company’s stock in a transaction that occurred on Thursday, January 2nd. The shares were sold at an average price of $10.07, for a total value of $970,244.50. Following the completion of the sale, the insider now owns 741,748 shares of the company’s stock, valued at $7,469,402.36. This trade represents a 11.50 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 5.57% of the stock is currently owned by insiders.

Institutional Trading of Payoneer Global

A number of hedge funds and other institutional investors have recently modified their holdings of PAYO. Robeco Institutional Asset Management B.V. acquired a new position in Payoneer Global in the fourth quarter valued at approximately $1,233,000. Y Intercept Hong Kong Ltd purchased a new stake in Payoneer Global in the fourth quarter valued at $1,276,000. FMR LLC lifted its stake in shares of Payoneer Global by 17.2% in the 3rd quarter. FMR LLC now owns 1,129,312 shares of the company’s stock valued at $8,504,000 after purchasing an additional 165,913 shares during the last quarter. Entropy Technologies LP purchased a new position in shares of Payoneer Global during the 4th quarter worth $540,000. Finally, Allspring Global Investments Holdings LLC increased its position in shares of Payoneer Global by 133.5% during the 4th quarter. Allspring Global Investments Holdings LLC now owns 97,538 shares of the company’s stock worth $990,000 after purchasing an additional 55,766 shares during the last quarter. 82.22% of the stock is owned by institutional investors and hedge funds.

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.