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

Payoneer Global Inc. (NASDAQ:PAYO - Get Free Report) has been given a consensus rating of "Moderate Buy" by the nine analysts that are covering the company, Marketbeat Ratings reports. Two research analysts have rated the stock with a hold rating, six have issued a buy rating and one has given a strong buy rating to the company. The average 12-month price objective among analysts that have updated their coverage on the stock in the last year is $13.07.

PAYO has been the subject of several recent analyst reports. Needham & Company LLC upped their price objective on Payoneer Global from $10.00 to $14.00 and gave the stock a "buy" rating in a research report on Wednesday, November 6th. Benchmark upped their price objective on Payoneer Global from $10.00 to $12.00 and gave the stock a "buy" rating in a research report on Wednesday, November 6th. The Goldman Sachs Group upped their price objective on Payoneer Global from $9.00 to $12.00 and gave the stock a "buy" rating in a research report on Wednesday, November 6th. Deutsche Bank Aktiengesellschaft initiated coverage on Payoneer Global in a research report on Monday, February 3rd. They issued a "buy" rating and a $13.00 target price for the company. Finally, Citigroup increased their target price on Payoneer Global from $14.50 to $16.50 and gave the company a "buy" rating in a research report on Tuesday.

Insider Activity

In other news, CFO Beatrice Ordonez sold 85,000 shares of the stock in a transaction dated Tuesday, January 21st. The stock was sold at an average price of $10.40, for a total value of $884,000.00. Following the completion of the sale, the chief financial officer now owns 2,305,245 shares of the company's stock, valued at approximately $23,974,548. This represents a 3.56 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, insider Tsafi Goldman sold 96,350 shares of the stock in a transaction dated Thursday, January 2nd. The shares were sold at an average price of $10.07, for a total value of $970,244.50. Following the completion of the sale, the insider now directly owns 741,748 shares of the company's stock, valued at approximately $7,469,402.36. The trade was a 11.50 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 445,223 shares of company stock valued at $4,519,362. Company insiders own 5.57% of the company's stock.

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Institutional Investors Weigh In On Payoneer Global

Institutional investors and hedge funds have recently made changes to their positions in the stock. Quarry LP acquired a new stake in shares of Payoneer Global in the fourth quarter valued at about $29,000. Blue Trust Inc. grew its stake in Payoneer Global by 135.2% during 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. Smartleaf Asset Management LLC grew its stake in Payoneer Global by 405.8% during the fourth quarter. Smartleaf Asset Management LLC now owns 3,819 shares of the company's stock worth $38,000 after purchasing an additional 3,064 shares during the period. Fifth Third Bancorp grew its stake in Payoneer Global by 29.3% during the fourth quarter. Fifth Third Bancorp now owns 4,488 shares of the company's stock worth $45,000 after purchasing an additional 1,016 shares during the period. Finally, GAMMA Investing LLC grew its stake in 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 during the period. Institutional investors and hedge funds own 82.22% of the company's stock.

Payoneer Global Stock Down 4.2 %

Shares of NASDAQ:PAYO traded down $0.35 during trading on Friday, reaching $8.00. 4,204,725 shares of the company traded hands, compared to its average volume of 3,212,820. Payoneer Global has a 52 week low of $4.22 and a 52 week high of $11.29. The firm has a market capitalization of $2.85 billion, a PE ratio of 22.86, a PEG ratio of 2.88 and a beta of 0.93. The company's 50 day moving average is $10.19 and its two-hundred day moving average is $9.28.

Payoneer Global (NASDAQ:PAYO - Get Free Report) last announced its quarterly earnings data 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). Payoneer Global had a return on equity of 17.78% and a net margin of 13.82%. The business had revenue of $261.74 million for the quarter, compared to the consensus estimate of $242.14 million. During the same quarter in the prior year, the company earned $0.05 earnings per share. As a group, research analysts anticipate that Payoneer Global will post 0.34 EPS for the current year.

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.