Payoneer Global (NASDAQ:PAYO) Price Target Cut to $10.00 by Analysts at Keefe, Bruyette & Woods

Payoneer Global (NASDAQ:PAYO - Get Free Report) had its target price cut by equities research analysts at Keefe, Bruyette & Woods from $11.00 to $10.00 in a research report issued on Friday,Benzinga reports. The brokerage currently has a "market perform" rating on the stock. Keefe, Bruyette & Woods' price objective indicates a potential upside of 25.00% from the company's previous close.

PAYO has been the topic of several other research reports. Benchmark increased their target price on shares of Payoneer Global from $10.00 to $12.00 and gave the company a "buy" rating in a report on Wednesday, November 6th. Deutsche Bank Aktiengesellschaft assumed coverage on Payoneer Global in a research note on Monday, February 3rd. They set a "buy" rating and a $13.00 price objective on the stock. Northland Securities lifted their price objective on Payoneer Global from $13.00 to $14.00 and gave the stock an "outperform" rating in a report on Friday, December 6th. Citigroup increased their target price on Payoneer Global from $8.50 to $13.00 and gave the company a "buy" rating in a report on Tuesday, January 14th. Finally, Needham & Company LLC raised their price target on Payoneer Global from $10.00 to $14.00 and gave the stock a "buy" rating in a research report on Wednesday, November 6th. Two investment analysts have rated the stock with a hold rating, six have assigned a buy rating and one has issued a strong buy rating to the company's stock. Based on data from MarketBeat, the company has a consensus rating of "Moderate Buy" and an average target price of $13.07.

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Payoneer Global Price Performance

NASDAQ PAYO traded down $0.35 during trading hours on Friday, reaching $8.00. 4,203,886 shares of the stock traded hands, compared to its average volume of 3,212,820. The stock has a 50 day simple moving average of $10.24 and a two-hundred day simple moving average of $9.28. Payoneer Global has a 1 year low of $4.22 and a 1 year high of $11.29. The company has a market cap of $2.85 billion, a price-to-earnings ratio of 22.86, a price-to-earnings-growth ratio of 2.88 and a beta of 0.93.

Payoneer Global (NASDAQ:PAYO - Get Free Report) last announced its quarterly earnings data on Thursday, February 27th. The company reported $0.05 earnings per share for the quarter, missing analysts' consensus estimates of $0.06 by ($0.01). The firm had revenue of $261.74 million for the quarter, compared to analysts' expectations of $242.14 million. Payoneer Global had a net margin of 13.82% and a return on equity of 17.78%. During the same period in the prior year, the business posted $0.05 earnings per share. On average, sell-side analysts forecast that Payoneer Global will post 0.34 EPS for the current fiscal year.

Insider Buying and Selling

In other Payoneer Global news, CFO Beatrice Ordonez sold 85,000 shares of the company's stock in a transaction that occurred on Tuesday, January 21st. The stock was sold at an average price of $10.40, for a total transaction of $884,000.00. Following the completion of the transaction, the chief financial officer now owns 2,305,245 shares of the company's stock, valued at $23,974,548. This represents a 3.56 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, insider Tsafi Goldman sold 96,350 shares of Payoneer Global stock in a transaction that occurred 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 sale, the insider now owns 741,748 shares in the company, valued at approximately $7,469,402.36. This represents a 11.50 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 445,223 shares of company stock valued at $4,519,362 over the last ninety days. 5.57% of the stock is owned by insiders.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the stock. Blue Trust Inc. increased its position in shares of Payoneer Global by 21.2% during the fourth quarter. Blue Trust Inc. now owns 5,380 shares of the company's stock valued at $54,000 after buying an additional 940 shares during the period. Maryland State Retirement & Pension System boosted its position in Payoneer Global by 1.2% during the 4th quarter. Maryland State Retirement & Pension System now owns 86,467 shares of the company's stock valued at $868,000 after acquiring an additional 1,002 shares in the last quarter. Fifth Third Bancorp grew its holdings in shares of Payoneer Global by 29.3% during the 4th quarter. Fifth Third Bancorp now owns 4,488 shares of the company's stock worth $45,000 after acquiring an additional 1,016 shares during the period. Van ECK Associates Corp grew its holdings in shares of Payoneer Global by 1.6% during the 3rd quarter. Van ECK Associates Corp now owns 84,209 shares of the company's stock worth $634,000 after acquiring an additional 1,306 shares during the period. Finally, State of Alaska Department of Revenue raised its position in shares of Payoneer Global by 1.0% in the 4th quarter. State of Alaska Department of Revenue now owns 145,923 shares of the company's stock worth $1,465,000 after acquiring an additional 1,498 shares in the last quarter. 82.22% of the stock is owned by hedge funds and other institutional investors.

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.