Payoneer Global Inc. (NASDAQ:PAYO) Receives Average Rating of “Moderate Buy” from Analysts

Payoneer Global Inc. (NASDAQ:PAYO) has been assigned an average rating of “Moderate Buy” from the nine research firms that are covering the company, Marketbeat.com reports. Two analysts have rated the stock with a hold recommendation, six have given a buy recommendation and one has assigned a strong buy recommendation to the company. The average 12-month price objective among brokers that have covered the stock in the last year is $12.79.

A number of analysts have recently issued reports on the stock. Wolfe Research cut shares of Payoneer Global from an “outperform” rating to a “peer perform” rating in a research note on Wednesday, January 8th. 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. Citigroup increased their target price on Payoneer Global from $14.50 to $16.50 and gave the stock a “buy” rating in a research report on Tuesday, March 4th. Keefe, Bruyette & Woods lowered their price target on Payoneer Global from $10.00 to $8.00 and set a “market perform” rating on the stock in a report on Monday. Finally, Deutsche Bank Aktiengesellschaft assumed coverage on shares of Payoneer Global in a research report on Monday, February 3rd. They set a “buy” rating and a $13.00 price objective on the stock.

Payoneer Global Trading Up 2.2 %

PAYO opened at $7.47 on Wednesday. Payoneer Global has a 1-year low of $4.69 and a 1-year high of $11.29. The firm’s 50 day simple moving average is $9.08 and its two-hundred day simple moving average is $9.33. The company has a market capitalization of $2.69 billion, a PE ratio of 21.34, a PEG ratio of 2.88 and a beta of 0.97.

Payoneer Global (NASDAQ:PAYO) last released its 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 analysts’ expectations of $242.14 million. During the same quarter last year, the firm posted $0.05 earnings per share. Equities analysts forecast that Payoneer Global will post 0.34 earnings per share for the current fiscal year.

Insider Activity at Payoneer Global

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 96,350 shares of the business’s 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 transaction, the insider now owns 741,748 shares in the company, valued at $7,469,402.36. This trade represents a 11.50 % decrease in their position. The disclosure for this sale can be found here. 5.57% of the stock is owned by insiders.

Institutional Trading of Payoneer Global

Several institutional investors have recently added to or reduced their stakes in the company. Blue Trust Inc. raised its holdings in shares of Payoneer Global by 21.2% in the fourth quarter. Blue Trust Inc. now owns 5,380 shares of the company’s stock worth $54,000 after buying an additional 940 shares during the period. Maryland State Retirement & Pension System increased its stake in Payoneer Global by 1.2% in the fourth quarter. Maryland State Retirement & Pension System now owns 86,467 shares of the company’s stock worth $868,000 after purchasing an additional 1,002 shares during the period. Fifth Third Bancorp increased its stake in Payoneer Global by 29.3% in the fourth quarter. Fifth Third Bancorp now owns 4,488 shares of the company’s stock worth $45,000 after purchasing an additional 1,016 shares during the period. State of Alaska Department of Revenue boosted its stake in shares of Payoneer Global by 1.0% during the fourth quarter. State of Alaska Department of Revenue now owns 145,923 shares of the company’s stock valued at $1,465,000 after purchasing an additional 1,498 shares during the period. Finally, Summit Investment Advisors Inc. grew its holdings in shares of Payoneer Global by 5.8% in the fourth quarter. Summit Investment Advisors Inc. now owns 30,355 shares of the company’s stock worth $305,000 after purchasing an additional 1,663 shares during the last quarter. Institutional investors own 82.22% of the company’s stock.

Payoneer Global Company Profile

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.