Payoneer Global Inc. (NASDAQ:PAYO) Given Consensus Recommendation of "Buy" by Brokerages

Shares of Payoneer Global Inc. (NASDAQ:PAYO - Get Free Report) have been assigned an average rating of "Buy" from the seven research firms that are presently covering the firm, MarketBeat.com reports. One research analyst has rated the stock with a hold recommendation, five have given a buy recommendation and one has given a strong buy recommendation to the company. The average 12 month price objective among analysts that have issued ratings on the stock in the last year is $11.36.

Several research firms recently issued reports on PAYO. Northland Securities upped their price target on Payoneer Global from $13.00 to $14.00 and gave the company an "outperform" rating in a research report on Friday, December 6th. The Goldman Sachs Group boosted their target price on Payoneer Global from $9.00 to $12.00 and gave the stock a "buy" rating in a report on Wednesday, November 6th. Needham & Company LLC raised their price objective on shares of Payoneer Global from $10.00 to $14.00 and gave the company a "buy" rating in a research report on Wednesday, November 6th. Benchmark lifted their price target on shares of Payoneer Global from $10.00 to $12.00 and gave the stock a "buy" rating in a research report on Wednesday, November 6th. Finally, Keefe, Bruyette & Woods cut shares of Payoneer Global from an "outperform" rating to a "market perform" rating and set a $12.00 target price for the company. in a report on Monday, December 9th.

Payoneer Global Price Performance

NASDAQ:PAYO traded up $0.17 on Monday, reaching $10.45. The stock had a trading volume of 2,441,017 shares, compared to its average volume of 2,749,820. The firm's fifty day moving average is $9.67 and its two-hundred day moving average is $7.53. The company has a market cap of $3.73 billion, a price-to-earnings ratio of 29.86 and a beta of 0.90. Payoneer Global has a 12-month low of $4.22 and a 12-month high of $11.29.

Payoneer Global (NASDAQ:PAYO - Get Free Report) last issued its quarterly earnings results on Tuesday, November 5th. The company reported $0.11 earnings per share for the quarter, beating the consensus estimate of $0.04 by $0.07. The company had revenue of $248.30 million during the quarter, compared to the consensus estimate of $225.44 million. Payoneer Global had a return on equity of 17.78% and a net margin of 13.82%. Payoneer Global's revenue was up 19.4% on a year-over-year basis. During the same period in the previous year, the firm posted $0.05 EPS. As a group, research analysts forecast that Payoneer Global will post 0.35 earnings per share for the current fiscal year.

Insider Activity

In other Payoneer Global news, insider Tsafi Goldman sold 263,873 shares of the firm's stock in a transaction dated Tuesday, December 10th. The shares were sold at an average price of $10.10, for a total value of $2,665,117.30. Following the completion of the sale, the insider now owns 741,748 shares in the company, valued at approximately $7,491,654.80. This trade represents a 26.24 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, CAO Itai Perry sold 52,829 shares of the company's stock in a transaction that occurred on Monday, November 18th. The stock was sold at an average price of $10.64, for a total transaction of $562,100.56. Following the transaction, the chief accounting officer now owns 201,882 shares in the company, valued at $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 90 days, insiders sold 7,826,275 shares of company stock worth $80,708,269. Insiders own 5.57% of the company's stock.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the stock. Quarry LP acquired a new stake in shares of Payoneer Global in the 2nd quarter valued at $29,000. Blue Trust Inc. increased its position in Payoneer Global by 135.2% in the third quarter. Blue Trust Inc. now owns 4,440 shares of the company's stock worth $33,000 after purchasing an additional 2,552 shares during the period. GAMMA Investing LLC raised its holdings in Payoneer Global by 438.5% during the 3rd quarter. GAMMA Investing LLC now owns 5,816 shares of the company's stock worth $44,000 after purchasing an additional 4,736 shares during the last quarter. Sage Rhino Capital LLC bought a new stake in Payoneer Global during the 2nd quarter worth about $56,000. Finally, FSC Wealth Advisors LLC acquired a new position in Payoneer Global during the 3rd quarter valued at about $68,000. Institutional investors own 82.22% of the company's stock.

Payoneer Global Company Profile

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.