Brokerages Set Payoneer Global Inc. (NASDAQ:PAYO) Price Target at $12.36

Shares of Payoneer Global Inc. (NASDAQ:PAYO - Get Free Report) have been assigned an average recommendation of "Moderate Buy" from the nine ratings firms that are covering the stock, MarketBeat Ratings reports. Two investment analysts have rated the stock with a hold recommendation, six have given a buy recommendation and one has issued a strong buy recommendation on the company. The average 1 year price objective among brokerages that have updated their coverage on the stock in the last year is $12.36.

Several analysts have recently weighed in on the company. Keefe, Bruyette & Woods decreased their target price on Payoneer Global from $10.00 to $8.00 and set a "market perform" rating for the company in a research report on Monday, March 31st. The Goldman Sachs Group reduced their target price on shares of Payoneer Global from $11.00 to $9.00 and set a "buy" rating on the stock in a research report on Wednesday, April 2nd. Deutsche Bank Aktiengesellschaft initiated coverage on Payoneer Global in a report on Monday, February 3rd. They issued a "buy" rating and a $13.00 price target for the company. Wolfe Research downgraded Payoneer Global from an "outperform" rating to a "peer perform" rating in a report on Wednesday, January 8th. Finally, Citigroup upped their target price on Payoneer Global from $14.50 to $16.50 and gave the stock a "buy" rating in a report on Tuesday, March 4th.

Payoneer Global Price Performance

Shares of Payoneer Global stock traded up $0.44 during trading hours on Friday, reaching $6.73. The company's stock had a trading volume of 3,007,869 shares, compared to its average volume of 3,039,212. Payoneer Global has a one year low of $4.86 and a one year high of $11.29. The firm has a 50 day moving average price of $7.68 and a 200-day moving average price of $9.16. The stock has a market cap of $2.42 billion, a P/E ratio of 19.23, a P/E/G ratio of 2.88 and a beta of 1.02.

Payoneer Global (NASDAQ:PAYO - Get Free Report) last released its earnings results 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 company had revenue of $261.74 million for the quarter, compared to the consensus estimate 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 firm posted $0.05 EPS. As a group, sell-side analysts forecast that Payoneer Global will post 0.34 EPS for the current fiscal year.

Institutional Investors Weigh In On Payoneer Global

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