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

Payoneer Global Inc. (NASDAQ:PAYO - Get Free Report) has received a consensus recommendation of "Moderate Buy" from the nine ratings firms that are presently covering the firm, Marketbeat Ratings reports. Two research analysts have rated the stock with a hold rating, six have assigned a buy rating and one has given a strong buy rating to the company. The average 1-year price target among brokerages that have updated their coverage on the stock in the last year is $13.07.

PAYO has been the topic of several research reports. Deutsche Bank Aktiengesellschaft began coverage on shares of Payoneer Global in a research report on Monday, February 3rd. They issued a "buy" rating and a $13.00 price objective on the stock. Wolfe Research downgraded Payoneer Global from an "outperform" rating to a "peer perform" rating in a research note on Wednesday, January 8th. Keefe, Bruyette & Woods reduced their price objective on Payoneer Global from $11.00 to $10.00 and set a "market perform" rating for the company in a report on Friday, February 28th. Citigroup boosted their target price on Payoneer Global from $14.50 to $16.50 and gave the company a "buy" rating in a research note on Tuesday, March 4th. Finally, Northland Securities increased their price target on Payoneer Global from $13.00 to $14.00 and gave the stock an "outperform" rating in a research note on Friday, December 6th.

Payoneer Global Price Performance

Shares of NASDAQ PAYO traded down $0.18 during midday trading on Wednesday, reaching $7.25. The company's stock had a trading volume of 1,745,689 shares, compared to its average volume of 2,887,311. The stock has a market capitalization of $2.61 billion, a P/E ratio of 20.71, a PEG ratio of 2.88 and a beta of 0.97. The firm has a 50 day moving average price of $9.21 and a 200-day moving average price of $9.31. Payoneer Global has a 12-month low of $4.69 and a 12-month high of $11.29.

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Payoneer Global (NASDAQ:PAYO - Get Free Report) last posted 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). The business had revenue of $261.74 million during the quarter, compared to analysts' expectations of $242.14 million. Payoneer Global had a return on equity of 17.78% and a net margin of 13.82%. During the same period in the prior year, the firm posted $0.05 EPS. On average, equities analysts predict that Payoneer Global will post 0.34 EPS for the current year.

Insider Buying and Selling

In related news, 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 value of $884,000.00. Following the completion of the transaction, the chief financial officer now directly owns 2,305,245 shares in the company, valued at approximately $23,974,548. The trade was a 3.56 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Tsafi Goldman sold 96,350 shares of the firm's 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 sale, the insider now owns 741,748 shares in the company, valued at $7,469,402.36. The trade was a 11.50 % decrease in their position. The disclosure for this sale can be found here. 5.57% of the stock is owned by company insiders.

Hedge Funds Weigh In On Payoneer Global

Institutional investors have recently modified their holdings of the company. Susquehanna Capital Management LLC lifted its position in Payoneer Global by 290.3% in the 4th quarter. Susquehanna Capital Management LLC now owns 25,268,954 shares of the company's stock worth $253,700,000 after buying an additional 18,794,047 shares during the last quarter. Price T Rowe Associates Inc. MD lifted its holdings in shares of Payoneer Global by 5.3% in the 4th quarter. Price T Rowe Associates Inc. MD now owns 8,709,989 shares of the company's stock worth $87,450,000 after acquiring an additional 440,231 shares during the last quarter. American Century Companies Inc. lifted its holdings in shares of Payoneer Global by 24.8% in the 4th quarter. American Century Companies Inc. now owns 8,166,652 shares of the company's stock worth $81,993,000 after acquiring an additional 1,624,948 shares during the last quarter. Geode Capital Management LLC boosted its stake in shares of Payoneer Global by 2.4% in the 4th quarter. Geode Capital Management LLC now owns 6,777,377 shares of the company's stock valued at $68,059,000 after purchasing an additional 156,252 shares in the last quarter. Finally, Millennium Management LLC grew its holdings in shares of Payoneer Global by 0.3% during the 4th quarter. Millennium Management LLC now owns 6,523,595 shares of the company's stock valued at $65,497,000 after purchasing an additional 21,149 shares during the last quarter. 82.22% of the stock is currently owned by institutional investors.

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.