Payoneer Global (NASDAQ:PAYO) Price Target Cut to $11.00 by Analysts at Keefe, Bruyette & Woods

Payoneer Global (NASDAQ:PAYO) had its target price trimmed by Keefe, Bruyette & Woods from $12.00 to $11.00 in a research note published on Monday,Benzinga reports. The brokerage currently has a market perform rating on the stock.

PAYO has been the subject of several other reports. Needham & Company LLC raised their price target on Payoneer Global from $10.00 to $14.00 and gave the company a “buy” rating in a report on Wednesday, November 6th. Northland Securities boosted their target price on shares of Payoneer Global from $13.00 to $14.00 and gave the stock an “outperform” rating in a research report on Friday, December 6th. The Goldman Sachs Group increased their price target on shares of Payoneer Global from $9.00 to $12.00 and gave the company a “buy” rating in a report on Wednesday, November 6th. Finally, Benchmark upped their target price 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. One analyst has rated the stock with a hold rating, five have issued a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat, Payoneer Global has an average rating of “Buy” and a consensus price target of $11.21.

Payoneer Global Trading Down 1.7 %

NASDAQ:PAYO opened at $10.30 on Monday. Payoneer Global has a 12-month low of $4.22 and a 12-month high of $11.29. The stock’s 50 day simple moving average is $10.26 and its 200-day simple moving average is $7.99. The firm has a market cap of $3.67 billion, a P/E ratio of 29.43 and a beta of 0.92.

Payoneer Global (NASDAQ:PAYO) last announced its quarterly earnings data on Tuesday, November 5th. The company reported $0.11 EPS for the quarter, topping analysts’ consensus estimates of $0.04 by $0.07. Payoneer Global had a net margin of 13.82% and a return on equity of 17.78%. The company had revenue of $248.30 million during the quarter, compared to the consensus estimate of $225.44 million. During the same quarter in the prior year, the firm earned $0.05 EPS. Payoneer Global’s quarterly revenue was up 19.4% on a year-over-year basis. Research analysts forecast that Payoneer Global will post 0.35 EPS for the current fiscal year.

Insider Activity at Payoneer Global

In other Payoneer Global news, insider Tsafi Goldman sold 96,350 shares of the business’s stock in a transaction on Thursday, January 2nd. The stock was sold at an average price of $10.07, for a total value of $970,244.50. Following the completion of the transaction, the insider now directly owns 741,748 shares in the company, valued at approximately $7,469,402.36. The trade was a 11.50 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CAO Itai Perry sold 52,829 shares of Payoneer Global stock in a transaction on Monday, November 18th. The shares were sold at an average price of $10.64, for a total value of $562,100.56. Following the completion of the sale, the chief accounting officer now directly owns 201,882 shares of the company’s stock, valued at approximately $2,148,024.48. This represents a 20.74 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 7,922,625 shares of company stock valued at $81,678,514. 5.57% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On Payoneer Global

A number of institutional investors have recently bought and sold shares of the stock. Victory Capital Management Inc. lifted its position in Payoneer Global by 17.1% during the second quarter. Victory Capital Management Inc. now owns 4,417,785 shares of the company’s stock valued at $24,475,000 after buying an additional 645,887 shares in the last quarter. Charles Schwab Investment Management Inc. lifted its holdings in shares of Payoneer Global by 3.0% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 2,337,156 shares of the company’s stock valued at $17,599,000 after acquiring an additional 67,255 shares in the last quarter. Quest Partners LLC purchased a new stake in Payoneer Global during the 3rd quarter worth $415,000. Wedge Capital Management L L P NC acquired a new stake in Payoneer Global in the 3rd quarter valued at $1,509,000. Finally, FMR LLC increased its holdings in Payoneer Global by 17.2% in the 3rd quarter. FMR LLC now owns 1,129,312 shares of the company’s stock valued at $8,504,000 after purchasing an additional 165,913 shares in the last quarter. 82.22% of the stock is currently owned by hedge funds and other institutional investors.

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.