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

Payoneer Global Inc. (NASDAQ:PAYO) has been assigned a consensus rating of “Buy” from the seven research firms that are covering the stock, MarketBeat.com reports. Seven equities research analysts have rated the stock with a buy recommendation. The average 12 month target price among analysts that have issued a report on the stock in the last year is $7.00.

Several research firms recently issued reports on PAYO. Benchmark reissued a “buy” rating and issued a $9.00 target price on shares of Payoneer Global in a research report on Tuesday, May 14th. Needham & Company LLC raised their target price on Payoneer Global from $7.00 to $8.00 and gave the company a “buy” rating in a report on Thursday, May 9th. Cantor Fitzgerald reduced their target price on shares of Payoneer Global from $8.00 to $7.00 and set an “overweight” rating on the stock in a research report on Friday, March 1st. Citigroup lowered their price objective on Payoneer Global from $7.50 to $6.00 and set a “buy” rating for the company in a research note on Thursday, March 21st. Finally, Keefe, Bruyette & Woods dropped their target price on shares of Payoneer Global from $7.00 to $6.00 and set an “outperform” rating for the company in a research report on Thursday, February 29th.

Payoneer Global Trading Down 0.7 %

NASDAQ:PAYO opened at $5.44 on Monday. The stock has a market capitalization of $2.03 billion, a price-to-earnings ratio of 18.13 and a beta of 0.84. Payoneer Global has a 1 year low of $4.22 and a 1 year high of $6.48. The stock has a fifty day moving average price of $5.52 and a two-hundred day moving average price of $5.13. The company has a debt-to-equity ratio of 0.02, a quick ratio of 1.09 and a current ratio of 1.09.

Payoneer Global (NASDAQ:PAYO) last issued its quarterly earnings data on Wednesday, May 8th. The company reported $0.08 EPS for the quarter, beating analysts’ consensus estimates of $0.05 by $0.03. Payoneer Global had a net margin of 13.19% and a return on equity of 17.56%. The firm had revenue of $228.20 million for the quarter, compared to analysts’ expectations of $211.63 million. During the same period in the prior year, the company earned $0.02 EPS. The firm’s revenue was up 18.9% on a year-over-year basis. As a group, sell-side analysts anticipate that Payoneer Global will post 0.24 earnings per share for the current fiscal year.

Insider Transactions at Payoneer Global

In related news, CAO Itai Perry sold 6,000 shares of Payoneer Global stock in a transaction on Tuesday, May 21st. The stock was sold at an average price of $6.00, for a total value of $36,000.00. Following the transaction, the chief accounting officer now directly owns 233,639 shares in the company, valued at approximately $1,401,834. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In other news, CAO Itai Perry sold 6,000 shares of Payoneer Global stock in a transaction on Tuesday, May 21st. The stock was sold at an average price of $6.00, for a total transaction of $36,000.00. Following the transaction, the chief accounting officer now owns 233,639 shares in the company, valued at $1,401,834. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director Avi Zeevi sold 10,116 shares of the stock in a transaction dated Thursday, May 9th. The stock was sold at an average price of $5.91, for a total value of $59,785.56. Following the completion of the sale, the director now directly owns 483,202 shares of the company’s stock, valued at $2,855,723.82. The disclosure for this sale can be found here. Insiders have sold 857,865 shares of company stock valued at $4,176,498 in the last quarter. Insiders own 5.57% of the company’s stock.

Institutional Investors Weigh In On Payoneer Global

Large investors have recently bought and sold shares of the business. Vanguard Group Inc. boosted its stake in Payoneer Global by 2.8% during the 4th quarter. Vanguard Group Inc. now owns 28,579,172 shares of the company’s stock valued at $148,897,000 after purchasing an additional 787,509 shares during the period. Wellington Management Group LLP lifted its position in Payoneer Global by 68.4% in the fourth quarter. Wellington Management Group LLP now owns 7,784,978 shares of the company’s stock worth $40,014,000 after purchasing an additional 3,161,509 shares during the period. Adage Capital Partners GP L.L.C. boosted its position in shares of Payoneer Global by 0.5% during the 3rd quarter. Adage Capital Partners GP L.L.C. now owns 6,317,478 shares of the company’s stock valued at $38,663,000 after acquiring an additional 32,946 shares in the last quarter. Victory Capital Management Inc. boosted its holdings in Payoneer Global by 6.0% during the fourth quarter. Victory Capital Management Inc. now owns 5,618,682 shares of the company’s stock valued at $29,273,000 after purchasing an additional 320,108 shares in the last quarter. Finally, Price T Rowe Associates Inc. MD grew its position in Payoneer Global by 3.9% in the first quarter. Price T Rowe Associates Inc. MD now owns 4,790,400 shares of the company’s stock valued at $23,283,000 after acquiring an additional 178,842 shares during the period. 82.22% of the stock is currently owned by institutional investors.

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.