Payoneer Global (NASDAQ:PAYO) Now Covered by Deutsche Bank Aktiengesellschaft

Deutsche Bank Aktiengesellschaft initiated coverage on shares of Payoneer Global (NASDAQ:PAYO - Free Report) in a report published on Monday morning, MarketBeat reports. The firm issued a buy rating and a $13.00 price objective on the stock.

Other research analysts have also recently issued research reports about the stock. Wolfe Research cut shares of Payoneer Global from an "outperform" rating to a "peer perform" rating in a report on Wednesday, January 8th. 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. Citigroup raised their target price on shares of Payoneer Global from $8.50 to $13.00 and gave the stock a "buy" rating in a report on Tuesday, January 14th. The Goldman Sachs Group raised their target price on shares of Payoneer Global from $9.00 to $12.00 and gave the stock a "buy" rating in a report on Wednesday, November 6th. Finally, Keefe, Bruyette & Woods cut their target price on shares of Payoneer Global from $12.00 to $11.00 and set a "market perform" rating on the stock in a report on Monday, January 6th. Two equities research analysts have rated the stock with a hold rating, six have assigned a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $12.00.

Payoneer Global Price Performance

NASDAQ PAYO traded down $0.24 on Monday, reaching $10.80. 2,465,361 shares of the company's stock traded hands, compared to its average volume of 2,781,098. Payoneer Global has a 12 month low of $4.22 and a 12 month high of $11.29. The stock has a 50-day simple moving average of $10.37 and a 200 day simple moving average of $8.76. The stock has a market cap of $3.85 billion, a PE ratio of 30.86 and a beta of 0.93.

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

Insider Activity at Payoneer Global

In other Payoneer Global news, insider Tsafi Goldman sold 263,873 shares of the firm'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 transaction, the insider now owns 741,748 shares of the company's stock, valued at approximately $7,491,654.80. This trade represents a 26.24 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, CAO Itai Perry sold 52,829 shares of the firm's stock in a transaction on Monday, November 18th. The shares were sold at an average price of $10.64, for a total value of $562,100.56. Following the transaction, the chief accounting officer now directly owns 201,882 shares of the company's stock, valued at $2,148,024.48. This represents a 20.74 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 7,999,625 shares of company stock worth $82,498,514 over the last quarter. Corporate insiders own 5.57% of the company's stock.

Hedge Funds Weigh In On Payoneer Global

Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. Smartleaf Asset Management LLC raised its position in shares of Payoneer Global by 405.8% in the 4th 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 last quarter. Blue Trust Inc. raised its position in shares of Payoneer Global by 135.2% in the 3rd 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 last quarter. Fifth Third Bancorp increased its holdings in Payoneer Global by 29.3% in the 4th quarter. Fifth Third Bancorp now owns 4,488 shares of the company's stock worth $45,000 after buying an additional 1,016 shares in the last quarter. Quarry LP bought a new stake in Payoneer Global in the 2nd quarter worth about $29,000. Finally, GAMMA Investing LLC increased its holdings in Payoneer Global by 438.5% in the 3rd quarter. GAMMA Investing LLC now owns 5,816 shares of the company's stock worth $44,000 after buying an additional 4,736 shares in the last quarter. Hedge funds and other 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.