Payoneer Global Inc. (NASDAQ:PAYO) Given Average Rating of "Buy" by Analysts

Payoneer Global Inc. (NASDAQ:PAYO - Get Free Report) has received a consensus rating of "Buy" from the seven brokerages that are presently covering the company, MarketBeat.com reports. Six research analysts have rated the stock with a buy recommendation and one has assigned a strong buy recommendation to the company. The average 1 year target price among analysts that have issued ratings on the stock in the last year is $10.79.

Several equities research analysts recently commented on PAYO shares. Citigroup lifted their price target on shares of Payoneer Global from $7.00 to $8.50 and gave the stock a "buy" rating in a research note on Monday, August 12th. Cantor Fitzgerald upgraded Payoneer Global to a "strong-buy" rating in a research note on Monday, August 12th. Keefe, Bruyette & Woods boosted their price objective on Payoneer Global from $9.00 to $12.00 and gave the company an "outperform" rating in a research note on Wednesday, November 6th. 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 report on Wednesday, November 6th. Finally, Northland Securities increased their price target on shares of 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 other Payoneer Global news, Director Scott H. Galit sold 150,000 shares of the firm's stock in a transaction dated 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 of the company's stock, valued at $12,794,395.18. This trade represents a 7.65 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CAO Itai Perry sold 52,829 shares of Payoneer Global 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. This trade represents a 20.74 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 7,710,829 shares of company stock worth $79,086,601. 5.57% of the stock is owned by corporate insiders.

Institutional Trading of Payoneer Global

A number of hedge funds have recently bought and sold shares of PAYO. Sei Investments Co. lifted its stake in shares of Payoneer Global by 7.3% during the 1st quarter. Sei Investments Co. now owns 174,824 shares of the company's stock worth $850,000 after purchasing an additional 11,907 shares during the period. ProShare Advisors LLC boosted its stake in Payoneer Global by 7.5% in the 1st quarter. ProShare Advisors LLC now owns 53,333 shares of the company's stock worth $259,000 after buying an additional 3,730 shares during the last quarter. UniSuper Management Pty Ltd purchased a new stake in Payoneer Global in the 1st quarter valued at about $310,000. Natixis acquired a new position in shares of Payoneer Global during the 1st quarter valued at about $3,106,000. Finally, Price T Rowe Associates Inc. MD boosted its position in shares of Payoneer Global by 3.9% in the first quarter. Price T Rowe Associates Inc. MD now owns 4,790,400 shares of the company's stock worth $23,283,000 after acquiring an additional 178,842 shares during the last quarter. Institutional investors and hedge funds own 82.22% of the company's stock.

Payoneer Global Price Performance

Shares of NASDAQ:PAYO opened at $10.85 on Thursday. The firm has a market capitalization of $3.87 billion, a PE ratio of 31.00 and a beta of 0.82. Payoneer Global has a 1 year low of $4.22 and a 1 year high of $10.96. The firm's 50-day moving average is $8.56 and its two-hundred day moving average is $6.91.

Payoneer Global (NASDAQ:PAYO - Get Free Report) last posted its quarterly earnings data on Tuesday, November 5th. The company reported $0.11 earnings per share for the quarter, topping analysts' consensus estimates of $0.04 by $0.07. Payoneer Global had a return on equity of 17.78% and a net margin of 13.82%. The business had revenue of $248.30 million for the quarter, compared to analyst estimates of $225.44 million. During the same quarter in the prior year, the company earned $0.05 earnings per share. The company'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 fiscal year.

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.