Payoneer Global (NASDAQ:PAYO) Price Target Lowered to $11.00 at Keefe, Bruyette & Woods

Payoneer Global (NASDAQ:PAYO) had its target price decreased by Keefe, Bruyette & Woods from $12.00 to $11.00 in a report published on Monday morning,Benzinga reports. Keefe, Bruyette & Woods currently has a market perform rating on the stock.

PAYO has been the topic of several other reports. Benchmark boosted their target price on Payoneer Global from $10.00 to $12.00 and gave the stock a “buy” rating in a report on Wednesday, November 6th. Needham & Company LLC raised their price objective on shares of Payoneer Global from $10.00 to $14.00 and gave the company a “buy” rating in a research report on Wednesday, November 6th. The Goldman Sachs Group boosted their target price on Payoneer Global from $9.00 to $12.00 and gave the stock a “buy” rating in a research report on Wednesday, November 6th. Finally, Northland Securities raised their price target on Payoneer Global from $13.00 to $14.00 and gave the company an “outperform” rating in a report on Friday, December 6th. Two research analysts have rated the stock with a hold rating, five have given a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $11.21.

Payoneer Global Trading Down 3.0 %

Shares of PAYO opened at $10.07 on Monday. The stock has a market cap of $3.59 billion, a PE ratio of 28.77 and a beta of 0.92. The stock has a 50 day simple moving average of $10.33 and a 200-day simple moving average of $8.04. Payoneer Global has a 1 year low of $4.22 and a 1 year high of $11.29.

Payoneer Global (NASDAQ:PAYO) last announced 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 business had revenue of $248.30 million during the quarter, compared to analysts’ expectations of $225.44 million. Payoneer Global had a net margin of 13.82% and a return on equity of 17.78%. The firm’s revenue for the quarter was up 19.4% on a year-over-year basis. During the same quarter last year, the company posted $0.05 EPS. On average, sell-side analysts forecast that Payoneer Global will post 0.35 EPS for the current fiscal year.

Insider Activity at Payoneer Global

In other news, insider Tsafi Goldman sold 96,350 shares of the stock in a transaction on Thursday, January 2nd. The shares were sold at an average price of $10.07, for a total transaction 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 represents a 11.50 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Crossover Managemen Technology sold 7,500,000 shares of Payoneer Global stock in a transaction dated Monday, November 11th. The shares were sold at an average price of $10.32, for a total value of $77,400,000.00. Following the completion of the sale, the insider now directly owns 34,197,116 shares in the company, valued at $352,914,237.12. This represents a 17.99 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 7,918,725 shares of company stock worth $81,647,314 in the last quarter. Corporate insiders own 5.57% of the company’s stock.

Institutional Investors Weigh In On Payoneer Global

A number of hedge funds and other institutional investors have recently bought and sold shares of the company. AXA S.A. grew its stake in shares of Payoneer Global by 1,394.5% during the 2nd quarter. AXA S.A. now owns 14,176,485 shares of the company’s stock worth $78,538,000 after acquiring an additional 13,227,884 shares in the last quarter. Millennium Management LLC grew its position in Payoneer Global by 17.3% in the second quarter. Millennium Management LLC now owns 6,764,016 shares of the company’s stock valued at $37,473,000 after purchasing an additional 995,366 shares in the last quarter. Dimensional Fund Advisors LP increased its stake in Payoneer Global by 22.7% in the 2nd quarter. Dimensional Fund Advisors LP now owns 4,593,005 shares of the company’s stock valued at $25,446,000 after buying an additional 849,680 shares during the last quarter. Victory Capital Management Inc. increased its stake in Payoneer Global by 17.1% in the 2nd quarter. Victory Capital Management Inc. now owns 4,417,785 shares of the company’s stock valued at $24,475,000 after buying an additional 645,887 shares during the last quarter. Finally, Azora Capital LP bought a new stake in Payoneer Global during the 3rd quarter worth about $31,901,000. 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.