Payoneer Global Inc. (NASDAQ:PAYO) Given Consensus Rating of “Buy” by Brokerages

Payoneer Global Inc. (NASDAQ:PAYO) has received a consensus recommendation of “Buy” from the seven analysts that are presently covering the firm, MarketBeat Ratings reports. One equities research analyst has rated the stock with a hold rating, five have assigned a buy rating and one has assigned a strong buy rating to the company. The average 1-year price target among brokerages that have updated their coverage on the stock in the last year is $11.36.

Several analysts recently issued reports on the stock. Keefe, Bruyette & Woods cut shares of Payoneer Global from an “outperform” rating to a “market perform” rating and set a $12.00 price objective for the company. in a research note on Monday, December 9th. 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 research report on Wednesday, November 6th. Northland Securities lifted their price objective on Payoneer Global from $13.00 to $14.00 and gave the stock an “outperform” rating in a research report on Friday, December 6th. Benchmark upped their target price on Payoneer Global from $10.00 to $12.00 and gave the company a “buy” rating in a report on Wednesday, November 6th. Finally, The Goldman Sachs Group raised their target price on Payoneer Global from $9.00 to $12.00 and gave the stock a “buy” rating in a research note on Wednesday, November 6th.

Insider Transactions at Payoneer Global

In other news, insider Tsafi Goldman sold 263,873 shares of the company’s stock in a transaction that occurred on Tuesday, December 10th. The shares were sold at an average price of $10.10, for a total value of $2,665,117.30. Following the transaction, the insider now directly owns 741,748 shares in the company, valued at approximately $7,491,654.80. This represents a 26.24 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, insider Crossover Managemen Technology sold 7,500,000 shares of Payoneer Global stock in a transaction that occurred on Monday, November 11th. The shares were sold at an average price of $10.32, for a total transaction of $77,400,000.00. Following the completion of the sale, the insider now owns 34,197,116 shares of the company’s stock, valued at $352,914,237.12. This trade represents a 17.99 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 7,826,275 shares of company stock worth $80,708,269. 5.57% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On Payoneer Global

Hedge funds and other institutional investors have recently bought and sold shares of the company. Quarry LP acquired a new stake in shares of Payoneer Global during the second quarter worth about $29,000. Blue Trust Inc. increased its stake in Payoneer Global by 135.2% during the 3rd quarter. Blue Trust Inc. now owns 4,440 shares of the company’s stock worth $33,000 after buying an additional 2,552 shares during the period. GAMMA Investing LLC lifted its holdings in Payoneer Global by 438.5% during the 3rd quarter. GAMMA Investing LLC now owns 5,816 shares of the company’s stock worth $44,000 after buying an additional 4,736 shares in the last quarter. Sage Rhino Capital LLC purchased a new position in Payoneer Global in the 2nd quarter valued at approximately $56,000. Finally, FSC Wealth Advisors LLC acquired a new position in shares of Payoneer Global in the third quarter worth $68,000. 82.22% of the stock is currently owned by hedge funds and other institutional investors.

Payoneer Global Stock Up 0.5 %

PAYO opened at $10.12 on Monday. Payoneer Global has a twelve month low of $4.22 and a twelve month high of $11.29. The company has a market cap of $3.61 billion, a PE ratio of 28.92 and a beta of 0.90. The company has a 50-day moving average price of $9.85 and a 200 day moving average price of $7.63.

Payoneer Global (NASDAQ:PAYO) last released its earnings results on Tuesday, November 5th. The company reported $0.11 earnings per share for the quarter, beating the consensus estimate of $0.04 by $0.07. Payoneer Global had a return on equity of 17.78% and a net margin of 13.82%. The business had revenue of $248.30 million for the quarter, compared to the consensus estimate of $225.44 million. During the same quarter last year, the business posted $0.05 earnings per share. The business’s quarterly revenue was up 19.4% compared to the same quarter last year. As a group, sell-side analysts expect that Payoneer Global will post 0.35 earnings per share for the current year.

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.