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

Shares of Payoneer Global Inc. (NASDAQ:PAYO - Get Free Report) have been given an average recommendation of "Moderate Buy" by the eight brokerages that are currently covering the firm, Marketbeat.com reports. Two investment analysts have rated the stock with a hold rating, five have assigned a buy rating and one has assigned a strong buy rating to the company. The average 12 month target price among analysts that have issued ratings on the stock in the last year is $11.21.

A number of equities research analysts recently commented on the company. Keefe, Bruyette & Woods decreased their target price on Payoneer Global from $12.00 to $11.00 and set a "market perform" rating for the company in a report on Monday. Wolfe Research lowered shares of Payoneer Global from an "outperform" rating to a "peer perform" rating in a research report on Wednesday. The Goldman Sachs Group upped their price objective on shares of Payoneer Global from $9.00 to $12.00 and gave the company a "buy" rating in a report 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 report on Wednesday, November 6th. Finally, Northland Securities upped their price target on shares of Payoneer Global from $13.00 to $14.00 and gave the company an "outperform" rating in a report on Friday, December 6th.

Insider Activity at Payoneer Global

In other news, CAO Itai Perry sold 4,100 shares of the stock in a transaction that occurred on Tuesday, October 15th. The stock was sold at an average price of $8.00, for a total transaction of $32,800.00. Following the transaction, the chief accounting officer now owns 228,738 shares in the company, valued at $1,829,904. This trade represents a 1.76 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, insider Tsafi Goldman sold 263,873 shares of the business's stock in a transaction on Tuesday, December 10th. The stock was sold at an average price of $10.10, for a total transaction of $2,665,117.30. Following the completion of the sale, the insider now directly owns 741,748 shares of the company's stock, valued at approximately $7,491,654.80. The trade was a 26.24 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 7,918,725 shares of company stock worth $81,647,314. 5.57% of the stock is owned by company insiders.

Hedge Funds Weigh In On Payoneer Global

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. AXA S.A. lifted its stake in Payoneer Global by 1,394.5% in the 2nd quarter. AXA S.A. now owns 14,176,485 shares of the company's stock valued at $78,538,000 after buying an additional 13,227,884 shares in the last quarter. Millennium Management LLC raised its holdings in shares of Payoneer Global by 17.3% during the second quarter. Millennium Management LLC now owns 6,764,016 shares of the company's stock valued at $37,473,000 after acquiring an additional 995,366 shares during the last quarter. Dimensional Fund Advisors LP lifted its position in shares of Payoneer Global by 22.7% in the second quarter. Dimensional Fund Advisors LP now owns 4,593,005 shares of the company's stock valued at $25,446,000 after acquiring an additional 849,680 shares in the last quarter. Victory Capital Management Inc. boosted its stake in shares of Payoneer Global by 17.1% in the second quarter. Victory Capital Management Inc. now owns 4,417,785 shares of the company's stock worth $24,475,000 after acquiring an additional 645,887 shares during the last quarter. Finally, Azora Capital LP purchased a new stake in shares of Payoneer Global during the third quarter worth approximately $31,901,000. 82.22% of the stock is owned by hedge funds and other institutional investors.

Payoneer Global Price Performance

Payoneer Global stock traded down $0.20 during midday trading on Friday, reaching $9.87. The company's stock had a trading volume of 3,628,416 shares, compared to its average volume of 3,003,386. Payoneer Global has a 52-week low of $4.22 and a 52-week high of $11.29. The stock has a market capitalization of $3.52 billion, a P/E ratio of 28.20 and a beta of 0.92. The stock's 50-day simple moving average is $10.38 and its 200-day simple moving average is $8.09.

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