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

Payoneer Global Inc. (NASDAQ:PAYO) has been assigned a consensus recommendation of “Buy” from the seven research firms that are currently covering the firm, Marketbeat reports. Six investment analysts have rated the stock with a buy recommendation and one has given a strong buy recommendation to the company. The average 12-month target price among brokers that have updated their coverage on the stock in the last year is $8.93.

PAYO has been the subject of a number of recent analyst reports. Cantor Fitzgerald raised Payoneer Global to a “strong-buy” rating in a report on Monday, August 12th. Citigroup raised their price target on Payoneer Global from $7.00 to $8.50 and gave the company a “buy” rating in a report on Monday, August 12th. Needham & Company LLC raised their price target on Payoneer Global from $9.00 to $10.00 and gave the company a “buy” rating in a report on Monday, October 7th. Northland Securities raised their price target on Payoneer Global from $9.00 to $10.00 and gave the company an “outperform” rating in a report on Tuesday, September 10th. Finally, Keefe, Bruyette & Woods increased their price objective on Payoneer Global from $7.00 to $8.00 and gave the company an “outperform” rating in a research report on Thursday, August 8th.

Payoneer Global Stock Down 0.5 %

Payoneer Global stock opened at $8.36 on Friday. The business has a 50 day moving average price of $7.57 and a two-hundred day moving average price of $6.29. The stock has a market cap of $3.19 billion, a price-to-earnings ratio of 30.96 and a beta of 0.85. Payoneer Global has a 12 month low of $4.22 and a 12 month high of $8.56.

Payoneer Global (NASDAQ:PAYO) last issued its earnings results on Wednesday, August 7th. The company reported $0.09 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.06 by $0.03. Payoneer Global had a return on equity of 15.28% and a net margin of 11.25%. The business had revenue of $239.50 million during the quarter, compared to analysts’ expectations of $223.12 million. During the same period in the prior year, the firm posted $0.12 EPS. Payoneer Global’s quarterly revenue was up 15.9% compared to the same quarter last year. On average, analysts expect that Payoneer Global will post 0.25 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other Payoneer Global news, CAO Itai Perry sold 3,900 shares of Payoneer Global stock in a transaction dated Wednesday, October 9th. The stock was sold at an average price of $8.00, for a total transaction of $31,200.00. Following the transaction, the chief accounting officer now directly owns 228,738 shares in the company, valued at approximately $1,829,904. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. In other Payoneer Global news, Director Scott H. Galit sold 150,000 shares of Payoneer Global stock in a transaction dated Wednesday, August 28th. The stock was sold at an average price of $7.07, for a total transaction of $1,060,500.00. Following the transaction, the director now directly owns 1,809,674 shares in the company, valued at approximately $12,794,395.18. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CAO Itai Perry sold 3,900 shares of Payoneer Global stock in a transaction dated Wednesday, October 9th. The shares were sold at an average price of $8.00, for a total value of $31,200.00. Following the completion of the sale, the chief accounting officer now directly owns 228,738 shares in the company, valued at $1,829,904. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 158,000 shares of company stock worth $1,124,500. Corporate insiders own 5.57% of the company’s stock.

Institutional Trading of Payoneer Global

Hedge funds and other institutional investors have recently modified their holdings of the company. Blue Trust Inc. increased its position in shares of Payoneer Global by 135.2% in the third quarter. Blue Trust Inc. now owns 4,440 shares of the company’s stock valued at $33,000 after acquiring an additional 2,552 shares during the last quarter. Quarry LP acquired a new stake in shares of Payoneer Global in the second quarter valued at about $29,000. GAMMA Investing LLC increased its position in shares of Payoneer Global by 438.5% in the third quarter. GAMMA Investing LLC now owns 5,816 shares of the company’s stock valued at $44,000 after acquiring an additional 4,736 shares during the last quarter. SageView Advisory Group LLC acquired a new stake in shares of Payoneer Global in the first quarter valued at about $39,000. Finally, FSC Wealth Advisors LLC acquired a new stake in shares of Payoneer Global in the third quarter valued at about $68,000. Institutional investors and hedge funds 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.