Payoneer Global Inc. (NASDAQ:PAYO) Receives Consensus Recommendation of "Moderate Buy" from Analysts

Payoneer Global Inc. (NASDAQ:PAYO - Get Free Report) has been assigned a consensus recommendation of "Moderate Buy" from the nine ratings firms that are currently covering the stock, MarketBeat reports. Two investment analysts have rated the stock with a hold recommendation, six have issued a buy recommendation and one has issued a strong buy recommendation on the company. The average 1 year price target among analysts that have covered the stock in the last year is $12.00.

A number of research analysts have recently issued reports on the company. Citigroup boosted 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. Wolfe Research cut shares of Payoneer Global from an "outperform" rating to a "peer perform" rating in a research note on Wednesday, January 8th. Benchmark raised their target price on shares of Payoneer Global from $10.00 to $12.00 and gave the stock a "buy" rating in a research note on Wednesday, November 6th. Keefe, Bruyette & Woods lowered their target price on shares of Payoneer Global from $12.00 to $11.00 and set a "market perform" rating on the stock in a report on Monday, January 6th. Finally, Deutsche Bank Aktiengesellschaft initiated coverage on shares of Payoneer Global in a report on Monday. They set a "buy" rating and a $13.00 price target for the company.

Payoneer Global Price Performance

Shares of PAYO traded down $0.21 during midday trading on Tuesday, reaching $10.59. 2,061,716 shares of the stock were exchanged, compared to its average volume of 2,752,357. The company has a market capitalization of $3.78 billion, a price-to-earnings ratio of 30.26 and a beta of 0.93. Payoneer Global has a twelve month low of $4.22 and a twelve month high of $11.29. The business's 50-day moving average price is $10.37 and its 200 day moving average price is $8.79.

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. The firm had revenue of $248.30 million during the quarter, compared to the consensus estimate of $225.44 million. Payoneer Global had a net margin of 13.82% and a return on equity of 17.78%. Payoneer Global's revenue for the quarter was up 19.4% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.05 EPS. As a group, equities research analysts expect that Payoneer Global will post 0.35 earnings per share for the current fiscal year.

Insider Activity at Payoneer Global

In other news, insider Tsafi Goldman sold 96,350 shares of Payoneer Global stock in a transaction that occurred on Thursday, January 2nd. The shares were sold at an average price of $10.07, for a total transaction of $970,244.50. Following the sale, the insider now owns 741,748 shares in the company, valued at $7,469,402.36. This trade represents a 11.50 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CFO Beatrice Ordonez sold 85,000 shares of the company's stock in a transaction on Tuesday, January 21st. The shares were 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 trade represents a 3.56 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 7,999,625 shares of company stock worth $82,498,514. Company insiders own 5.57% of the company's stock.

Institutional Trading of Payoneer Global

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Sage Mountain Advisors LLC bought a new stake in Payoneer Global in the fourth quarter valued at about $348,000. Zurcher Kantonalbank Zurich Cantonalbank grew its position in shares of Payoneer Global by 26.1% in the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 87,685 shares of the company's stock worth $880,000 after acquiring an additional 18,151 shares in the last quarter. Amundi increased its holdings in shares of Payoneer Global by 203.3% in the 4th quarter. Amundi now owns 135,137 shares of the company's stock valued at $1,361,000 after acquiring an additional 90,582 shares during the last quarter. Rialto Wealth Management LLC acquired a new stake in shares of Payoneer Global during the 4th quarter valued at approximately $105,000. Finally, PNC Financial Services Group Inc. lifted its stake in Payoneer Global by 92.2% during the fourth quarter. PNC Financial Services Group Inc. now owns 18,236 shares of the company's stock worth $183,000 after purchasing an additional 8,747 shares during the last quarter. Institutional investors 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.