Payoneer Global (NASDAQ:PAYO) Shares Gap Down - Should You Sell?

Payoneer Global Inc. (NASDAQ:PAYO - Get Free Report) shares gapped down before the market opened on Friday . The stock had previously closed at $7.56, but opened at $7.21. Payoneer Global shares last traded at $7.44, with a volume of 512,073 shares trading hands.

Analyst Ratings Changes

A number of research firms recently weighed in on PAYO. Deutsche Bank Aktiengesellschaft started coverage on shares of Payoneer Global in a report on Monday, February 3rd. They issued a "buy" rating and a $13.00 price objective on the stock. 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 research report on Friday, February 28th. Wolfe Research lowered Payoneer Global from an "outperform" rating to a "peer perform" rating in a report on Wednesday, January 8th. Citigroup lifted 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. Two research analysts have rated the stock with a hold rating, six have given a buy rating and one has given a strong buy rating to the company's stock. Based on data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average price target of $13.07.

Payoneer Global Price Performance

The company has a fifty day simple moving average of $9.49 and a 200-day simple moving average of $9.31. The company has a market cap of $2.79 billion, a P/E ratio of 22.18, a PEG ratio of 2.88 and a beta of 0.97.

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Payoneer Global (NASDAQ:PAYO - Get Free Report) last announced its earnings results on Thursday, February 27th. The company reported $0.05 EPS for the quarter, missing the consensus estimate of $0.06 by ($0.01). The company had revenue of $261.74 million for the quarter, compared to analysts' expectations of $242.14 million. Payoneer Global had a net margin of 13.82% and a return on equity of 17.78%. During the same period in the prior year, the company earned $0.05 earnings per share. On average, analysts anticipate that Payoneer Global Inc. will post 0.34 EPS for the current year.

Insider Transactions at Payoneer Global

In other Payoneer Global news, CFO Beatrice Ordonez sold 85,000 shares of Payoneer Global stock in a transaction that occurred on Tuesday, January 21st. The shares were sold at an average price of $10.40, for a total transaction of $884,000.00. Following 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 position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, insider Tsafi Goldman sold 96,350 shares of the stock in a transaction on 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 owns 741,748 shares of the company's stock, 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 currently owned by insiders.

Hedge Funds Weigh In On Payoneer Global

Large investors have recently made changes to their positions in the business. Quarry LP acquired a new stake in Payoneer Global during the fourth quarter valued at $29,000. Smartleaf Asset Management LLC grew its holdings in Payoneer Global by 405.8% during the fourth quarter. Smartleaf Asset Management LLC now owns 3,819 shares of the company's stock valued at $38,000 after purchasing an additional 3,064 shares during the last quarter. Fifth Third Bancorp raised its position in shares of Payoneer Global by 29.3% in the fourth quarter. Fifth Third Bancorp now owns 4,488 shares of the company's stock valued at $45,000 after purchasing an additional 1,016 shares during the period. Blue Trust Inc. lifted its stake in shares of Payoneer Global by 21.2% in the fourth quarter. Blue Trust Inc. now owns 5,380 shares of the company's stock worth $54,000 after buying an additional 940 shares during the last quarter. Finally, GAMMA Investing LLC boosted its holdings in shares of Payoneer Global by 41.7% during the 4th quarter. GAMMA Investing LLC now owns 8,241 shares of the company's stock worth $83,000 after buying an additional 2,425 shares during the period. Institutional investors and hedge funds 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.