Payoneer Global Inc. (NASDAQ:PAYO) Receives $8.93 Average Price Target from Analysts

Shares of Payoneer Global Inc. (NASDAQ:PAYO - Get Free Report) have received a consensus rating of "Buy" from the seven brokerages that are presently covering the stock, MarketBeat.com reports. Six research analysts have rated the stock with a buy recommendation and one has issued a strong buy recommendation on the company. The average 1 year price target among analysts that have updated their coverage on the stock in the last year is $8.93.

PAYO has been the topic of a number of analyst reports. The Goldman Sachs Group increased their target price on shares of Payoneer Global from $8.00 to $9.00 and gave the stock a "buy" rating in a research report on Monday, October 14th. Needham & Company LLC boosted their price target on Payoneer Global from $9.00 to $10.00 and gave the company a "buy" rating in a research note on Monday, October 7th. Cantor Fitzgerald upgraded shares of Payoneer Global to a "strong-buy" rating in a research note on Monday, August 12th. Benchmark boosted their target price on shares of Payoneer Global from $9.00 to $10.00 and gave the company a "buy" rating in a research report on Tuesday, October 22nd. Finally, Northland Securities upped their target price on Payoneer Global from $9.00 to $10.00 and gave the stock an "outperform" rating in a research note on Tuesday, September 10th.

Insider Buying and Selling at Payoneer Global

In related news, Director Scott H. Galit sold 150,000 shares of the business's stock in a transaction on Wednesday, August 28th. The stock was sold at an average price of $7.07, for a total transaction of $1,060,500.00. Following the sale, the director now owns 1,809,674 shares in the company, valued at $12,794,395.18. The trade was a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. In related news, Director Scott H. Galit sold 150,000 shares of Payoneer Global stock in a transaction that occurred on Wednesday, August 28th. The shares were sold at an average price of $7.07, for a total transaction of $1,060,500.00. Following the sale, the director now directly owns 1,809,674 shares in the company, valued at $12,794,395.18. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CAO Itai Perry sold 4,100 shares of the company's stock in a transaction that occurred on Tuesday, October 15th. The shares were sold at an average price of $8.00, for a total transaction of $32,800.00. Following the completion of the transaction, the chief accounting officer now owns 228,738 shares of the company's stock, valued at approximately $1,829,904. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 158,000 shares of company stock worth $1,124,500 over the last quarter. Corporate insiders own 5.57% of the company's stock.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the stock. FSC Wealth Advisors LLC acquired a new position in shares of Payoneer Global in the 3rd quarter worth approximately $68,000. Allspring Global Investments Holdings LLC boosted its position in Payoneer Global by 19,791.4% during the third quarter. Allspring Global Investments Holdings LLC now owns 41,772 shares of the company's stock valued at $315,000 after acquiring an additional 41,562 shares during the last quarter. Blue Trust Inc. grew its holdings in Payoneer Global by 135.2% during the 3rd quarter. Blue Trust Inc. now owns 4,440 shares of the company's stock worth $33,000 after acquiring an additional 2,552 shares during the period. Wedge Capital Management L L P NC bought a new position in shares of Payoneer Global in the 3rd quarter worth about $1,509,000. Finally, GAMMA Investing LLC lifted its stake in shares of Payoneer Global by 438.5% in the 3rd quarter. GAMMA Investing LLC now owns 5,816 shares of the company's stock valued at $44,000 after purchasing an additional 4,736 shares during the period. 82.22% of the stock is owned by institutional investors and hedge funds.

Payoneer Global Price Performance

NASDAQ PAYO traded down $0.04 during trading on Friday, reaching $8.36. 1,335,294 shares of the company's stock were exchanged, compared to its average volume of 2,207,515. Payoneer Global has a fifty-two week low of $4.22 and a fifty-two week high of $8.56. The business has a 50 day moving average price of $7.57 and a 200-day moving average price of $6.30. The stock has a market capitalization of $3.12 billion, a P/E ratio of 27.87 and a beta of 0.85.

Payoneer Global (NASDAQ:PAYO - Get Free Report) last released its quarterly earnings results on Wednesday, August 7th. The company reported $0.09 earnings per share for the quarter, topping the consensus estimate of $0.06 by $0.03. Payoneer Global had a return on equity of 15.28% and a net margin of 11.25%. The business had revenue of $239.50 million during the quarter, compared to analysts' expectations of $223.12 million. During the same period last year, the firm posted $0.12 EPS. The firm's revenue for the quarter was up 15.9% compared to the same quarter last year. On average, analysts forecast that Payoneer Global will post 0.25 earnings per share for the current 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.