Payoneer Global Inc. (NASDAQ:PAYO) Given Average Recommendation of “Buy” by Analysts

Shares of Payoneer Global Inc. (NASDAQ:PAYO) have earned an average recommendation of “Buy” from the seven ratings firms that are currently covering the stock, Marketbeat reports. Six analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the company. The average 12 month target price among brokers that have issued a report on the stock in the last year is $8.50.

Several brokerages recently issued reports on PAYO. Northland Securities boosted their price target on shares of Payoneer Global from $9.00 to $10.00 and gave the company an “outperform” rating in a research report on Tuesday, September 10th. Citigroup boosted their price target on shares of Payoneer Global from $7.00 to $8.50 and gave the company a “buy” rating in a research report on Monday, August 12th. Needham & Company LLC boosted their price target on shares of Payoneer Global from $8.00 to $9.00 and gave the company a “buy” rating in a research report on Thursday, August 8th. Keefe, Bruyette & Woods boosted their price target on shares of Payoneer Global from $7.00 to $8.00 and gave the company an “outperform” rating in a research report on Thursday, August 8th. Finally, Cantor Fitzgerald raised shares of Payoneer Global to a “strong-buy” rating in a research note on Monday, August 12th.

Insider Buying and Selling

In related news, Director Scott H. Galit sold 446,104 shares of the business’s stock in a transaction dated Monday, July 8th. The shares were sold at an average price of $5.50, for a total transaction of $2,453,572.00. Following the sale, the director now owns 2,122,421 shares of the company’s stock, valued at $11,673,315.50. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. In other news, Director Scott H. Galit sold 400,300 shares of the company’s stock in a transaction that occurred on Wednesday, July 10th. The shares were sold at an average price of $5.34, for a total value of $2,137,602.00. Following the transaction, the director now owns 2,122,421 shares in the company, valued at $11,333,728.14. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, Director Scott H. Galit sold 446,104 shares of the company’s stock in a transaction that occurred on Monday, July 8th. The stock was sold at an average price of $5.50, for a total transaction of $2,453,572.00. Following the completion of the transaction, the director now owns 2,122,421 shares in the company, valued at approximately $11,673,315.50. The disclosure for this sale can be found here. Insiders have sold 1,397,005 shares of company stock valued at $7,831,792 over the last quarter. Corporate insiders own 5.57% of the company’s stock.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in PAYO. AXA S.A. lifted its stake in shares of Payoneer Global by 1,394.5% in the second quarter. AXA S.A. now owns 14,176,485 shares of the company’s stock worth $78,538,000 after buying an additional 13,227,884 shares in the last quarter. Wellington Management Group LLP raised its holdings in shares of Payoneer Global by 68.4% during the fourth quarter. Wellington Management Group LLP now owns 7,784,978 shares of the company’s stock valued at $40,014,000 after purchasing an additional 3,161,509 shares during the last quarter. Legion Partners Asset Management LLC purchased a new position in shares of Payoneer Global during the second quarter valued at approximately $12,360,000. American Century Companies Inc. raised its holdings in shares of Payoneer Global by 241.5% during the second quarter. American Century Companies Inc. now owns 1,643,744 shares of the company’s stock valued at $9,106,000 after purchasing an additional 1,162,481 shares during the last quarter. Finally, Shell Asset Management Co. purchased a new position in shares of Payoneer Global during the first quarter valued at approximately $5,360,000. Institutional investors own 82.22% of the company’s stock.

Payoneer Global Trading Up 1.5 %

PAYO stock opened at $7.64 on Wednesday. The firm’s 50-day moving average price is $6.87 and its two-hundred day moving average price is $5.89. Payoneer Global has a 12-month low of $4.22 and a 12-month high of $7.73. The stock has a market capitalization of $2.85 billion, a price-to-earnings ratio of 25.47 and a beta of 0.85.

Payoneer Global (NASDAQ:PAYO) last released its quarterly earnings data on Wednesday, August 7th. The company reported $0.09 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.06 by $0.03. Payoneer Global had a net margin of 11.25% and a return on equity of 15.28%. The firm had revenue of $239.50 million for the quarter, compared to analysts’ expectations of $223.12 million. During the same quarter in the previous year, the company earned $0.12 earnings per share. The company’s revenue for the quarter was up 15.9% compared to the same quarter last year. Equities analysts predict that Payoneer Global will post 0.25 EPS 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.