Payoneer Global Inc. (NASDAQ:PAYO) Receives $12.57 Consensus Target Price from Analysts

Payoneer Global Inc. (NASDAQ:PAYO) has earned a consensus rating of “Moderate Buy” from the nine research firms that are currently covering the firm, MarketBeat.com reports. Two equities research analysts have rated the stock with a hold recommendation, six have given a buy recommendation and one has given a strong buy recommendation to the company. The average 1 year target price among brokers that have covered the stock in the last year is $13.07.

Several equities analysts have issued reports on PAYO shares. Keefe, Bruyette & Woods cut their price target on shares of Payoneer Global from $11.00 to $10.00 and set a “market perform” rating on the stock in a report on Friday, February 28th. Northland Securities lifted their price target on shares of Payoneer Global from $13.00 to $14.00 and gave the stock an “outperform” rating in a report on Friday, December 6th. 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 target on the stock. Wolfe Research lowered shares of Payoneer Global from an “outperform” rating to a “peer perform” rating in a report on Wednesday, January 8th. Finally, Citigroup lifted their price target on shares of Payoneer Global from $14.50 to $16.50 and gave the stock a “buy” rating in a report on Tuesday.

Payoneer Global Stock Down 4.2 %

Shares of PAYO stock opened at $7.48 on Friday. The firm has a market cap of $2.67 billion, a price-to-earnings ratio of 21.37, a PEG ratio of 2.88 and a beta of 0.97. The company’s 50 day moving average is $10.11 and its 200 day moving average is $9.27. Payoneer Global has a 52-week low of $4.22 and a 52-week high of $11.29.

Payoneer Global (NASDAQ:PAYO) last issued its quarterly earnings data 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). The business 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 previous year, the business earned $0.05 earnings per share. Analysts anticipate that Payoneer Global will post 0.34 EPS for the current fiscal year.

Insider Transactions at Payoneer Global

In other news, insider Tsafi Goldman sold 263,873 shares of Payoneer Global stock in a transaction on Tuesday, December 10th. The shares were sold at an average price of $10.10, for a total transaction of $2,665,117.30. Following the completion of the sale, the insider now directly owns 741,748 shares in the company, valued at approximately $7,491,654.80. The trade was a 26.24 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, CFO Beatrice Ordonez sold 85,000 shares of Payoneer Global stock in a transaction on Tuesday, January 21st. The stock was 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 of the company’s stock, valued at $23,974,548. The trade was a 3.56 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 445,223 shares of company stock worth $4,519,362. Company insiders own 5.57% of the company’s stock.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Quarry LP acquired a new position in Payoneer Global during the fourth quarter valued at $29,000. Smartleaf Asset Management LLC lifted its position 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 period. Blue Trust Inc. lifted its position in Payoneer Global by 135.2% during 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. Fifth Third Bancorp lifted its position in Payoneer Global by 29.3% during 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. Finally, GAMMA Investing LLC lifted its position in Payoneer Global by 41.7% during the fourth quarter. GAMMA Investing LLC now owns 8,241 shares of the company’s stock valued at $83,000 after purchasing an additional 2,425 shares during the period. 82.22% of the stock is currently owned by institutional investors and hedge funds.

About Payoneer Global

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.