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

Payoneer Global Inc. (NASDAQ:PAYO) has earned an average rating of “Moderate Buy” from the eight ratings firms that are currently covering the stock, MarketBeat reports. Two equities research analysts have rated the stock with a hold rating, five have given a buy rating and one has given 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 $11.21.

Several research firms recently weighed in on PAYO. Keefe, Bruyette & Woods dropped their target price on shares of Payoneer Global from $12.00 to $11.00 and set a “market perform” rating for the company in a report on Monday. Benchmark raised their target price on Payoneer Global from $10.00 to $12.00 and gave the company a “buy” rating in a report on Wednesday, November 6th. The Goldman Sachs Group boosted their price target on shares of Payoneer Global from $9.00 to $12.00 and gave the stock a “buy” rating in a research note on Wednesday, November 6th. Wolfe Research lowered shares of Payoneer Global from an “outperform” rating to a “peer perform” rating in a research note on Wednesday. Finally, Northland Securities upped their target price on shares of Payoneer Global from $13.00 to $14.00 and gave the stock an “outperform” rating in a research note on Friday, December 6th.

Insider Transactions at Payoneer Global

In other Payoneer Global news, CAO Itai Perry sold 52,829 shares of the business’s stock in a transaction that occurred on Monday, November 18th. The stock was 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 owns 201,882 shares in the company, valued at approximately $2,148,024.48. The trade was a 20.74 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Crossover Managemen Technology sold 7,500,000 shares of the stock in a transaction that occurred on Monday, November 11th. The shares were sold at an average price of $10.32, for a total value of $77,400,000.00. Following the completion of the sale, the insider now directly owns 34,197,116 shares of the company’s stock, valued at $352,914,237.12. The trade was a 17.99 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 7,918,725 shares of company stock valued at $81,647,314. 5.57% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently bought and sold shares of PAYO. Nordea Investment Management AB raised its stake in shares of Payoneer Global by 4.9% during the fourth quarter. Nordea Investment Management AB now owns 881,026 shares of the company’s stock worth $8,951,000 after purchasing an additional 41,106 shares during the last quarter. GAMMA Investing LLC increased its stake in Payoneer Global by 41.7% in the 4th quarter. GAMMA Investing LLC now owns 8,241 shares of the company’s stock valued at $83,000 after buying an additional 2,425 shares during the period. Lord Abbett & CO. LLC purchased a new position in Payoneer Global during the 3rd quarter worth $6,064,000. Tidal Investments LLC lifted its stake in shares of Payoneer Global by 4.6% in the 3rd quarter. Tidal Investments LLC now owns 195,407 shares of the company’s stock worth $1,471,000 after acquiring an additional 8,637 shares during the period. Finally, Barclays PLC boosted its holdings in shares of Payoneer Global by 352.8% in the third quarter. Barclays PLC now owns 498,727 shares of the company’s stock valued at $3,755,000 after acquiring an additional 388,584 shares in the last quarter. 82.22% of the stock is owned by hedge funds and other institutional investors.

Payoneer Global Trading Down 3.0 %

Payoneer Global stock opened at $10.07 on Friday. The stock has a market cap of $3.59 billion, a P/E ratio of 28.77 and a beta of 0.92. The company has a 50-day moving average price of $10.35 and a 200 day moving average price of $8.06. Payoneer Global has a 12-month low of $4.22 and a 12-month high of $11.29.

Payoneer Global (NASDAQ:PAYO) last released its quarterly earnings results on Tuesday, November 5th. The company reported $0.11 EPS for the quarter, beating the consensus estimate of $0.04 by $0.07. The firm 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 business’s revenue for the quarter was up 19.4% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.05 EPS. As a group, analysts forecast that Payoneer Global will post 0.35 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.