Payoneer Global (NASDAQ:PAYO - Free Report) had its target price reduced by Keefe, Bruyette & Woods from $10.00 to $8.00 in a research report released on Monday morning,Benzinga reports. They currently have a market perform rating on the stock.
Other equities analysts have also recently issued reports about the company. Deutsche Bank Aktiengesellschaft began coverage on Payoneer Global in a report on Monday, February 3rd. They issued a "buy" rating and a $13.00 price objective for the company. Wolfe Research downgraded Payoneer Global from an "outperform" rating to a "peer perform" rating in a research note on Wednesday, January 8th. Northland Securities increased their price objective 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. Finally, Citigroup boosted their target price on shares of Payoneer Global from $14.50 to $16.50 and gave the company a "buy" rating in a research report on Tuesday, March 4th. Two equities research analysts have rated the stock with a hold rating, six have given a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $12.36.
Read Our Latest Stock Analysis on Payoneer Global
Payoneer Global Stock Down 8.4 %
Shares of NASDAQ PAYO traded down $0.57 during mid-day trading on Monday, reaching $6.17. 2,149,866 shares of the company were exchanged, compared to its average volume of 2,898,779. The stock has a market capitalization of $2.22 billion, a P/E ratio of 17.62, a P/E/G ratio of 2.88 and a beta of 0.97. The company's 50-day simple moving average is $8.96 and its 200-day simple moving average is $9.29. Payoneer Global has a twelve month low of $4.69 and a twelve month high of $11.29.
Payoneer Global (NASDAQ:PAYO - Get Free Report) last posted its quarterly earnings data on Thursday, February 27th. The company reported $0.05 earnings per share for the quarter, missing the consensus estimate of $0.06 by ($0.01). The firm had revenue of $261.74 million for the quarter, compared to the consensus estimate of $242.14 million. Payoneer Global had a return on equity of 17.78% and a net margin of 13.82%. During the same quarter in the previous year, the business earned $0.05 EPS. As a group, equities research analysts expect that Payoneer Global will post 0.34 EPS for the current year.
Insider Transactions at Payoneer Global
In other 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 value 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 ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Company insiders own 5.57% of the company's stock.
Hedge Funds Weigh In On Payoneer Global
Several institutional investors and hedge funds have recently added to or reduced their stakes in PAYO. Quarry LP acquired a new stake in shares of Payoneer Global in the fourth quarter valued at about $29,000. Smartleaf Asset Management LLC boosted its position in Payoneer Global by 405.8% during the fourth quarter. Smartleaf Asset Management LLC now owns 3,819 shares of the company's stock valued at $38,000 after acquiring an additional 3,064 shares during the last quarter. Fifth Third Bancorp lifted its stake in shares of Payoneer Global by 29.3% in the 4th quarter. Fifth Third Bancorp now owns 4,488 shares of the company's stock valued at $45,000 after purchasing an additional 1,016 shares during the period. Versant Capital Management Inc boosted its position in shares of Payoneer Global by 420.6% during the 1st quarter. Versant Capital Management Inc now owns 5,034 shares of the company's stock valued at $37,000 after purchasing an additional 4,067 shares in the last quarter. Finally, Blue Trust Inc. boosted its position in shares of Payoneer Global by 21.2% during the 4th quarter. Blue Trust Inc. now owns 5,380 shares of the company's stock valued at $54,000 after purchasing an additional 940 shares in the last quarter. 82.22% of the stock is currently owned by institutional investors and hedge funds.
About Payoneer Global
(
Get Free Report)
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.
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