Payoneer Global (NASDAQ:PAYO - Free Report) had its target price lowered by The Goldman Sachs Group from $11.00 to $9.00 in a research note published on Wednesday,Benzinga reports. The brokerage currently has a buy rating on the stock.
Several other research firms have also commented on PAYO. Citigroup raised their price objective on Payoneer Global from $14.50 to $16.50 and gave the company a "buy" rating in a research report on Tuesday, March 4th. Deutsche Bank Aktiengesellschaft began coverage on Payoneer Global in a report on Monday, February 3rd. They set a "buy" rating and a $13.00 target price on the stock. Northland Securities increased their price objective 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. Keefe, Bruyette & Woods dropped their price objective on shares of Payoneer Global from $10.00 to $8.00 and set a "market perform" rating on the stock in a research note on Monday, March 31st. Finally, Wolfe Research downgraded shares of Payoneer Global from an "outperform" rating to a "peer perform" rating in a research note on Wednesday, January 8th. Two analysts have rated the stock with a hold rating, six have assigned a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, the company has an average rating of "Moderate Buy" and an average price target of $12.36.
Check Out Our Latest Stock Analysis on Payoneer Global
Payoneer Global Trading Down 0.5 %
Shares of Payoneer Global stock traded down $0.03 during mid-day trading on Wednesday, hitting $6.18. 6,992,883 shares of the stock were exchanged, compared to its average volume of 2,940,435. Payoneer Global has a twelve month low of $4.69 and a twelve month high of $11.29. The company has a 50-day simple moving average of $8.88 and a 200 day simple moving average of $9.31. The stock has a market capitalization of $2.22 billion, a price-to-earnings ratio of 17.66, a price-to-earnings-growth ratio of 2.88 and a beta of 1.02.
Payoneer Global (NASDAQ:PAYO - Get Free Report) last released its earnings results on Thursday, February 27th. The company reported $0.05 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.06 by ($0.01). Payoneer Global had a return on equity of 17.78% and a net margin of 13.82%. The company had revenue of $261.74 million during the quarter, compared to analyst estimates of $242.14 million. During the same period in the prior year, the business posted $0.05 earnings per share. Equities research analysts forecast that Payoneer Global will post 0.34 earnings per share for the current fiscal year.
Insiders Place Their Bets
In related news, CFO Beatrice Ordonez sold 85,000 shares of the stock in a transaction dated Tuesday, January 21st. The shares were sold at an average price of $10.40, for a total transaction of $884,000.00. Following the sale, the chief financial officer now owns 2,305,245 shares in the company, valued at $23,974,548. This represents a 3.56 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 5.57% of the stock is owned by corporate insiders.
Institutional Trading of Payoneer Global
A number of institutional investors and hedge funds have recently made changes to their positions in the stock. Charles Schwab Investment Management Inc. increased its position in Payoneer Global by 3.0% in the third quarter. Charles Schwab Investment Management Inc. now owns 2,337,156 shares of the company's stock worth $17,599,000 after buying an additional 67,255 shares during the period. The Manufacturers Life Insurance Company lifted its position in Payoneer Global by 1.2% in the 3rd quarter. The Manufacturers Life Insurance Company now owns 165,996 shares of the company's stock valued at $1,250,000 after purchasing an additional 1,907 shares during the last quarter. FMR LLC lifted its position in Payoneer Global by 17.2% in the 3rd quarter. FMR LLC now owns 1,129,312 shares of the company's stock valued at $8,504,000 after purchasing an additional 165,913 shares during the last quarter. Verition Fund Management LLC grew its position in Payoneer Global by 28.6% in the 3rd quarter. Verition Fund Management LLC now owns 142,207 shares of the company's stock worth $1,071,000 after purchasing an additional 31,646 shares during the last quarter. Finally, Centiva Capital LP bought a new position in Payoneer Global in the 3rd quarter worth about $121,000. 82.22% of the stock is currently owned by institutional investors and hedge funds.
About Payoneer Global
(
Get Free Report)
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.
Featured Stories
Before you consider Payoneer Global, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Payoneer Global wasn't on the list.
While Payoneer Global currently has a Moderate Buy rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
With the proliferation of data centers and electric vehicles, the electric grid will only get more strained. Download this report to learn how energy stocks can play a role in your portfolio as the global demand for energy continues to grow.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
