Payoneer Global (NASDAQ:PAYO) Price Target Raised to $14.00 at Northland Securities

Payoneer Global (NASDAQ:PAYO - Free Report) had its price target increased by Northland Securities from $13.00 to $14.00 in a research note published on Friday,Benzinga reports. The brokerage currently has an outperform rating on the stock.

Other equities analysts also recently issued research reports about the company. Cantor Fitzgerald upgraded Payoneer Global to a "strong-buy" rating in a research report on Monday, August 12th. The Goldman Sachs Group increased their target price on Payoneer Global from $9.00 to $12.00 and gave the company a "buy" rating in a research report on Wednesday, November 6th. Citigroup boosted their price target on shares of Payoneer Global from $7.00 to $8.50 and gave the stock a "buy" rating in a report on Monday, August 12th. Needham & Company LLC increased their price objective on shares of Payoneer Global from $10.00 to $14.00 and gave the company a "buy" rating in a report on Wednesday, November 6th. Finally, Keefe, Bruyette & Woods lifted their target price on shares of Payoneer Global from $9.00 to $12.00 and gave the company an "outperform" rating in a research report on Wednesday, November 6th. Six equities research analysts have rated the stock with a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, the stock currently has an average rating of "Buy" and an average target price of $11.36.

Payoneer Global Price Performance

Shares of PAYO stock traded up $0.16 during mid-day trading on Friday, hitting $10.95. The stock had a trading volume of 3,134,966 shares, compared to its average volume of 3,387,462. The firm's 50-day moving average is $9.35 and its two-hundred day moving average is $7.33. Payoneer Global has a 12-month low of $4.22 and a 12-month high of $11.29. The firm has a market capitalization of $3.90 billion, a P/E ratio of 31.29 and a beta of 0.90.

Payoneer Global (NASDAQ:PAYO - Get Free Report) 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. 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 for the quarter, compared to analyst estimates of $225.44 million. During the same quarter last year, the business earned $0.05 earnings per share. The firm's revenue was up 19.4% on a year-over-year basis. Analysts expect that Payoneer Global will post 0.32 EPS for the current year.

Insider Transactions at Payoneer Global

In other news, insider Crossover Managemen Technology sold 7,500,000 shares of the business's stock in a transaction dated Monday, November 11th. The shares were sold at an average price of $10.32, for a total transaction of $77,400,000.00. Following the transaction, the insider now owns 34,197,116 shares of the company's stock, valued at approximately $352,914,237.12. The trade was a 17.99 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CAO Itai Perry sold 52,829 shares of the firm's stock in a transaction dated Monday, November 18th. The stock was sold at an average price of $10.64, for a total transaction of $562,100.56. Following the sale, the chief accounting officer now owns 201,882 shares of the company's stock, valued at approximately $2,148,024.48. The trade was a 20.74 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 7,562,402 shares of company stock valued at $78,043,152. Corporate insiders own 5.57% of the company's stock.

Institutional Trading of Payoneer Global

A number of hedge funds and other institutional investors have recently made changes to their positions in PAYO. SG Americas Securities LLC lifted its stake in shares of Payoneer Global by 993.8% in the 2nd quarter. SG Americas Securities LLC now owns 169,184 shares of the company's stock valued at $937,000 after purchasing an additional 153,716 shares during the last quarter. Bank of New York Mellon Corp boosted its position in shares of Payoneer Global by 1.7% during the second quarter. Bank of New York Mellon Corp now owns 1,971,622 shares of the company's stock worth $10,923,000 after buying an additional 33,063 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank grew its stake in shares of Payoneer Global by 7.3% in the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 69,534 shares of the company's stock valued at $385,000 after buying an additional 4,738 shares in the last quarter. Sage Rhino Capital LLC purchased a new stake in shares of Payoneer Global in the 2nd quarter valued at $56,000. Finally, Van ECK Associates Corp raised its holdings in shares of Payoneer Global by 4.3% in the 2nd quarter. Van ECK Associates Corp now owns 82,903 shares of the company's stock valued at $459,000 after buying an additional 3,444 shares during the period. Institutional investors and hedge funds own 82.22% of the company's stock.

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.