Benchmark Issues Positive Forecast for Payoneer Global (NASDAQ:PAYO) Stock Price

Payoneer Global (NASDAQ:PAYO) had its price objective upped by equities researchers at Benchmark from $10.00 to $12.00 in a report issued on Wednesday, Benzinga reports. The brokerage presently has a “buy” rating on the stock. Benchmark’s price objective indicates a potential upside of 16.50% from the stock’s previous close.

A number of other brokerages have also recently weighed in on PAYO. Keefe, Bruyette & Woods lifted their price target on Payoneer Global from $7.00 to $8.00 and gave the stock an “outperform” rating in a research note on Thursday, August 8th. The Goldman Sachs Group lifted their price target on Payoneer Global from $8.00 to $9.00 and gave the stock a “buy” rating in a research note on Monday, October 14th. Northland Securities lifted their price target on Payoneer Global from $9.00 to $10.00 and gave the stock an “outperform” rating in a research note on Tuesday, September 10th. Citigroup lifted their price target on Payoneer Global from $7.00 to $8.50 and gave the stock a “buy” rating in a research note on Monday, August 12th. Finally, Needham & Company LLC lifted their price target on Payoneer Global from $10.00 to $14.00 and gave the stock a “buy” rating in a research note on Wednesday. Six research analysts have rated the stock with a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, Payoneer Global has an average rating of “Buy” and an average price target of $9.79.

Payoneer Global Stock Up 20.9 %

NASDAQ:PAYO opened at $10.30 on Wednesday. The business’s 50-day moving average price is $7.75 and its 200 day moving average price is $6.45. The firm has a market cap of $3.93 billion, a P/E ratio of 38.15 and a beta of 0.82. Payoneer Global has a 52-week low of $4.22 and a 52-week high of $10.35.

Payoneer Global (NASDAQ:PAYO) last released its earnings results on Tuesday, November 5th. The company reported $0.11 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.04 by $0.07. The firm had revenue of $248.30 million for the quarter, compared to analyst estimates of $225.44 million. Payoneer Global had a return on equity of 15.28% and a net margin of 11.25%. Payoneer Global’s revenue was up 19.4% compared to the same quarter last year. During the same period in the previous year, the company earned $0.05 earnings per share. Sell-side analysts expect that Payoneer Global will post 0.25 EPS for the current year.

Insider Activity at Payoneer Global

In related news, CAO Itai Perry sold 3,900 shares of the business’s stock in a transaction that occurred on Wednesday, October 9th. The stock was sold at an average price of $8.00, for a total value of $31,200.00. Following the completion of the sale, the chief accounting officer now owns 228,738 shares of the company’s stock, valued at approximately $1,829,904. The trade was a 0.00 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this link. In other Payoneer Global news, Director Scott H. Galit sold 150,000 shares of the company’s stock in a transaction that occurred on Wednesday, August 28th. The stock was sold at an average price of $7.07, for a total transaction of $1,060,500.00. Following the completion of the sale, the director now owns 1,809,674 shares of the company’s stock, valued at $12,794,395.18. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CAO Itai Perry sold 3,900 shares of the company’s stock in a transaction that occurred on Wednesday, October 9th. The stock was sold at an average price of $8.00, for a total value of $31,200.00. Following the sale, the chief accounting officer now directly owns 228,738 shares of the company’s stock, valued at $1,829,904. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 158,000 shares of company stock valued at $1,124,500. 5.57% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On Payoneer Global

Hedge funds have recently modified their holdings of the business. Quarry LP bought a new stake in shares of Payoneer Global in the second quarter valued at approximately $29,000. Blue Trust Inc. boosted its position in shares of Payoneer Global by 135.2% in the third quarter. Blue Trust Inc. now owns 4,440 shares of the company’s stock valued at $33,000 after acquiring an additional 2,552 shares during the period. SageView Advisory Group LLC bought a new stake in shares of Payoneer Global in the first quarter valued at approximately $39,000. GAMMA Investing LLC boosted its position in shares of Payoneer Global by 438.5% in the third quarter. GAMMA Investing LLC now owns 5,816 shares of the company’s stock valued at $44,000 after acquiring an additional 4,736 shares during the period. Finally, Sage Rhino Capital LLC bought a new stake in shares of Payoneer Global in the second quarter valued at approximately $56,000. 82.22% of the stock is owned by institutional investors.

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.