Payoneer Global (NASDAQ:PAYO) Stock Price Expected to Rise, Keefe, Bruyette & Woods Analyst Says

Payoneer Global (NASDAQ:PAYO) had its target price raised by Keefe, Bruyette & Woods from $9.00 to $12.00 in a research report released on Wednesday, Benzinga reports. The firm currently has an outperform rating on the stock.

Other equities research analysts also recently issued reports about the company. Citigroup raised their price target on Payoneer Global from $7.00 to $8.50 and gave the company a “buy” rating in a research report on Monday, August 12th. Benchmark lifted their price target on Payoneer Global from $10.00 to $12.00 and gave the stock a “buy” rating in a research report on Wednesday. Northland Securities upped their price objective on shares of Payoneer Global from $9.00 to $10.00 and gave the company an “outperform” rating in a research report on Tuesday, September 10th. Needham & Company LLC upped their price target on Payoneer Global from $10.00 to $14.00 and gave the company a “buy” rating in a report on Wednesday. Finally, The Goldman Sachs Group boosted their price objective on Payoneer Global from $9.00 to $12.00 and gave the company a “buy” rating in a research report on Wednesday. Six equities research analysts have rated the stock with a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Buy” and an average target price of $10.79.

Payoneer Global Price Performance

Shares of NASDAQ:PAYO opened at $10.35 on Wednesday. The stock has a market capitalization of $3.95 billion, a P/E ratio of 38.33 and a beta of 0.82. The business has a 50-day moving average of $7.88 and a two-hundred day moving average of $6.52. Payoneer Global has a fifty-two week low of $4.22 and a fifty-two week high of $10.49.

Payoneer Global (NASDAQ:PAYO) last posted its earnings results on Tuesday, November 5th. The company reported $0.11 earnings per share for the quarter, topping the consensus estimate of $0.04 by $0.07. The firm had revenue of $248.30 million during 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%. The company’s revenue for the quarter was up 19.4% on a year-over-year basis. During the same period in the previous year, the company earned $0.05 EPS. As a group, research analysts expect that Payoneer Global will post 0.25 EPS for the current fiscal year.

Insiders Place Their Bets

In other news, Director Scott H. Galit sold 150,000 shares of the stock in a transaction that occurred on Wednesday, August 28th. The shares were sold at an average price of $7.07, for a total transaction of $1,060,500.00. Following the sale, the director now directly 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 transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. In other Payoneer Global news, Director Scott H. Galit sold 150,000 shares of the company’s stock in a transaction 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 transaction, the director now owns 1,809,674 shares of the company’s stock, valued at approximately $12,794,395.18. This represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CAO Itai Perry sold 4,100 shares of the business’s stock in a transaction on Tuesday, October 15th. The stock was sold at an average price of $8.00, for a total value of $32,800.00. Following 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 disclosure for this sale can be found here. Over the last three months, insiders sold 158,000 shares of company stock valued at $1,124,500. Insiders own 5.57% of the company’s stock.

Institutional Investors Weigh In On Payoneer Global

Several institutional investors have recently modified their holdings of the business. Quarry LP acquired a new position in Payoneer Global in the second quarter valued at approximately $29,000. Blue Trust Inc. lifted its stake in shares of Payoneer Global by 135.2% in the 3rd quarter. Blue Trust Inc. now owns 4,440 shares of the company’s stock valued at $33,000 after purchasing an additional 2,552 shares during the period. SageView Advisory Group LLC bought a new position in shares of Payoneer Global in the 1st quarter worth $39,000. GAMMA Investing LLC grew its stake in shares of Payoneer Global by 438.5% during the third quarter. GAMMA Investing LLC now owns 5,816 shares of the company’s stock worth $44,000 after purchasing an additional 4,736 shares during the period. Finally, Sage Rhino Capital LLC bought a new stake in Payoneer Global in the second quarter valued at about $56,000. Institutional investors and hedge funds 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.