Payoneer Global (NASDAQ:PAYO - Get Free Report) had its price objective cut by analysts at Keefe, Bruyette & Woods from $12.00 to $11.00 in a research report issued on Monday,Benzinga reports. The brokerage currently has a "market perform" rating on the stock. Keefe, Bruyette & Woods' price objective points to a potential upside of 6.80% from the stock's previous close.
A number of other equities research analysts have also weighed in on PAYO. Needham & Company LLC lifted their target price on Payoneer Global from $10.00 to $14.00 and gave the company a "buy" rating in a research report on Wednesday, November 6th. Northland Securities raised their target price on shares of Payoneer Global from $13.00 to $14.00 and gave the company an "outperform" rating in a research report on Friday, December 6th. Benchmark boosted their price target on shares of Payoneer Global from $10.00 to $12.00 and gave the company a "buy" rating in a report on Wednesday, November 6th. Finally, The Goldman Sachs Group increased their price objective on shares of Payoneer Global from $9.00 to $12.00 and gave the company a "buy" rating in a research note on Wednesday, November 6th. One equities research analyst has rated the stock with a hold rating, five have issued a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, the stock currently has an average rating of "Buy" and a consensus target price of $11.21.
Get Our Latest Analysis on PAYO
Payoneer Global Price Performance
Shares of NASDAQ:PAYO traded down $0.18 on Monday, hitting $10.30. 3,368,720 shares of the company's stock were exchanged, compared to its average volume of 2,333,373. The business's 50 day simple moving average is $10.22 and its two-hundred day simple moving average is $7.96. The stock has a market capitalization of $3.67 billion, a price-to-earnings ratio of 29.43 and a beta of 0.92. Payoneer Global has a 12 month low of $4.22 and a 12 month high of $11.29.
Payoneer Global (NASDAQ:PAYO - Get Free Report) last announced its quarterly earnings data on Tuesday, November 5th. The company reported $0.11 earnings per share for the quarter, beating analysts' consensus estimates of $0.04 by $0.07. The company had revenue of $248.30 million during the quarter, compared to analyst estimates of $225.44 million. Payoneer Global had a net margin of 13.82% and a return on equity of 17.78%. The firm's revenue for the quarter was up 19.4% on a year-over-year basis. During the same quarter last year, the business posted $0.05 EPS. Equities analysts forecast that Payoneer Global will post 0.35 EPS for the current fiscal year.
Insider Activity
In other news, CAO Itai Perry sold 4,100 shares of the stock in a transaction dated Tuesday, October 15th. The shares were sold at an average price of $8.00, for a total value of $32,800.00. Following the completion of the sale, the chief accounting officer now directly owns 228,738 shares in the company, valued at $1,829,904. This represents a 1.76 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, insider Tsafi Goldman sold 263,873 shares of the business's stock in a transaction dated 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 transaction, the insider now owns 741,748 shares in the company, valued at $7,491,654.80. The trade was a 26.24 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 7,922,625 shares of company stock worth $81,678,514 in the last quarter. Corporate insiders own 5.57% of the company's stock.
Institutional Inflows and Outflows
Several institutional investors and hedge funds have recently modified their holdings of the company. Quarry LP acquired a new position in Payoneer Global in the second quarter valued at approximately $29,000. Blue Trust Inc. raised its position in Payoneer Global by 135.2% in the third quarter. Blue Trust Inc. now owns 4,440 shares of the company's stock valued at $33,000 after purchasing an additional 2,552 shares during the period. GAMMA Investing LLC lifted its stake in shares of Payoneer Global by 438.5% in the 3rd quarter. GAMMA Investing LLC now owns 5,816 shares of the company's stock valued at $44,000 after purchasing an additional 4,736 shares during the last quarter. FSC Wealth Advisors LLC purchased a new position in shares of Payoneer Global during the 3rd quarter worth $68,000. Finally, Citizens Financial Group Inc. RI acquired a new stake in shares of Payoneer Global during the 2nd quarter worth about $94,000. Institutional investors and hedge funds own 82.22% of the company's stock.
About Payoneer Global
(
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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.
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