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

Payoneer Global Inc. (NASDAQ:PAYO) has received a consensus rating of “Moderate Buy” from the nine brokerages that are presently covering the firm, MarketBeat.com reports. Two research analysts have rated the stock with a hold recommendation, six have assigned a buy recommendation and one has issued a strong buy recommendation on the company. The average 1-year target price among brokerages that have covered the stock in the last year is $12.00.

PAYO has been the topic of several research analyst reports. Needham & Company LLC increased their price objective on shares of Payoneer Global from $10.00 to $14.00 and gave the company a “buy” rating in a research report on Wednesday, November 6th. Keefe, Bruyette & Woods lowered their price target on shares of Payoneer Global from $12.00 to $11.00 and set a “market perform” rating on the stock in a research report on Monday, January 6th. Wolfe Research lowered shares of Payoneer Global from an “outperform” rating to a “peer perform” rating in a research report on Wednesday, January 8th. Deutsche Bank Aktiengesellschaft assumed coverage on shares of Payoneer Global in a research report on Monday. They set a “buy” rating and a $13.00 price target on the stock. Finally, Benchmark raised their price target on shares of Payoneer Global from $10.00 to $12.00 and gave the stock a “buy” rating in a research report on Wednesday, November 6th.

Insiders Place Their Bets

In other Payoneer Global news, CFO Beatrice Ordonez sold 85,000 shares of the business’s 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 sale, the chief financial officer now owns 2,305,245 shares in the company, valued at approximately $23,974,548. The trade was a 3.56 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, insider Crossover Managemen Technology sold 7,500,000 shares of the business’s stock in a transaction 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 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 90 days, insiders sold 7,999,625 shares of company stock worth $82,498,514. 5.57% of the stock is currently owned by insiders.

Hedge Funds Weigh In On Payoneer Global

Several institutional investors have recently added to or reduced their stakes in PAYO. FMR LLC lifted its holdings in shares of Payoneer Global by 17.2% in the third quarter. FMR LLC now owns 1,129,312 shares of the company’s stock worth $8,504,000 after buying an additional 165,913 shares in the last quarter. Charles Schwab Investment Management Inc. lifted its holdings in shares of Payoneer Global by 3.0% in the third quarter. Charles Schwab Investment Management Inc. now owns 2,337,156 shares of the company’s stock worth $17,599,000 after buying an additional 67,255 shares in the last quarter. Quest Partners LLC purchased a new stake in shares of Payoneer Global in the third quarter worth about $415,000. Wedge Capital Management L L P NC purchased a new stake in shares of Payoneer Global in the third quarter worth about $1,509,000. Finally, GAMMA Investing LLC lifted its holdings 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 worth $44,000 after buying an additional 4,736 shares in the last quarter. Institutional investors own 82.22% of the company’s stock.

Payoneer Global Price Performance

Shares of PAYO opened at $10.68 on Tuesday. The firm has a market capitalization of $3.81 billion, a PE ratio of 30.52 and a beta of 0.93. The company’s 50-day moving average is $10.38 and its 200-day moving average is $8.69. Payoneer Global has a fifty-two week low of $4.22 and a fifty-two week high of $11.29.

Payoneer Global (NASDAQ:PAYO) last issued its quarterly earnings data 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. The company had revenue of $248.30 million for the quarter, compared to analyst estimates of $225.44 million. Payoneer Global had a net margin of 13.82% and a return on equity of 17.78%. The company’s revenue was up 19.4% on a year-over-year basis. During the same period in the prior year, the firm earned $0.05 earnings per share. Analysts predict that Payoneer Global will post 0.35 earnings per share for the current fiscal year.

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.