Keefe, Bruyette & Woods Has Lowered Expectations for Payoneer Global (NASDAQ:PAYO) Stock Price

Payoneer Global (NASDAQ:PAYO) had its target price lowered by stock analysts at Keefe, Bruyette & Woods from $11.00 to $10.00 in a research report issued to clients and investors on Friday,Benzinga reports. The firm currently has a “market perform” rating on the stock. Keefe, Bruyette & Woods’ price target would suggest a potential upside of 18.69% from the company’s previous close.

Other equities analysts also recently issued reports about the company. Deutsche Bank Aktiengesellschaft began coverage on Payoneer Global in a report on Monday, February 3rd. They set a “buy” rating and a $13.00 price target for the company. Needham & Company LLC lifted their price objective on Payoneer Global from $10.00 to $14.00 and gave the stock a “buy” rating in a report on Wednesday, November 6th. Benchmark lifted their price objective on Payoneer Global from $10.00 to $12.00 and gave the stock a “buy” rating in a report on Wednesday, November 6th. Citigroup lifted their price objective on Payoneer Global from $8.50 to $13.00 and gave the stock a “buy” rating in a report on Tuesday, January 14th. Finally, Wolfe Research downgraded Payoneer Global from an “outperform” rating to a “peer perform” rating in a report on Wednesday, January 8th. Two equities research analysts have rated the stock with a hold rating, six have assigned a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $11.88.

Payoneer Global Stock Down 2.9 %

Shares of NASDAQ:PAYO traded down $0.26 on Friday, hitting $8.43. 2,215,920 shares of the company traded hands, compared to its average volume of 3,023,458. Payoneer Global has a 52 week low of $4.22 and a 52 week high of $11.29. The stock has a 50 day simple moving average of $10.30 and a 200-day simple moving average of $9.23. The company has a market cap of $3.00 billion, a PE ratio of 24.07, a PEG ratio of 2.88 and a beta of 0.93.

Payoneer Global (NASDAQ:PAYO) last issued its quarterly earnings results on Thursday, February 27th. The company reported $0.05 earnings per share for the quarter, missing the consensus estimate of $0.06 by ($0.01). Payoneer Global had a net margin of 13.82% and a return on equity of 17.78%. The company had revenue of $261.74 million for the quarter, compared to the consensus estimate of $242.14 million. During the same quarter in the previous year, the business earned $0.05 earnings per share. As a group, sell-side analysts anticipate that Payoneer Global will post 0.34 earnings per share for the current year.

Insider Buying and Selling

In other Payoneer Global news, CFO Beatrice Ordonez sold 85,000 shares of Payoneer Global stock in a transaction on Tuesday, January 21st. The shares were sold at an average price of $10.40, for a total transaction of $884,000.00. Following the completion of the transaction, the chief financial officer now directly owns 2,305,245 shares of the company’s stock, valued at $23,974,548. The trade was a 3.56 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Tsafi Goldman sold 263,873 shares of Payoneer Global stock in a transaction that occurred on Tuesday, December 10th. The shares were sold at an average price of $10.10, for a total transaction of $2,665,117.30. Following the sale, the insider now directly owns 741,748 shares of the company’s stock, valued at $7,491,654.80. This represents a 26.24 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 445,223 shares of company stock valued at $4,519,362. Corporate insiders own 5.57% of the company’s stock.

Institutional Investors Weigh In On Payoneer Global

A number of large investors have recently modified their holdings of PAYO. Susquehanna Capital Management LLC grew its stake in shares of Payoneer Global by 290.3% during the fourth quarter. Susquehanna Capital Management LLC now owns 25,268,954 shares of the company’s stock worth $253,700,000 after acquiring an additional 18,794,047 shares during the last quarter. Azora Capital LP purchased a new stake in shares of Payoneer Global during the third quarter worth about $31,901,000. Arrowstreet Capital Limited Partnership boosted its position in Payoneer Global by 200.0% in the fourth quarter. Arrowstreet Capital Limited Partnership now owns 3,470,347 shares of the company’s stock valued at $34,842,000 after buying an additional 2,313,481 shares during the last quarter. Deutsche Bank AG boosted its position in Payoneer Global by 252.8% in the fourth quarter. Deutsche Bank AG now owns 2,779,110 shares of the company’s stock valued at $27,902,000 after buying an additional 1,991,449 shares during the last quarter. Finally, Driehaus Capital Management LLC purchased a new stake in Payoneer Global in the fourth quarter valued at approximately $19,305,000. Hedge funds and other institutional investors 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.