Payoneer Global (NASDAQ:PAYO) Coverage Initiated by Analysts at Deutsche Bank Aktiengesellschaft

Deutsche Bank Aktiengesellschaft assumed coverage on shares of Payoneer Global (NASDAQ:PAYO) in a research report report published on Monday morning, Marketbeat.com reports. The brokerage issued a buy rating and a $13.00 target price on the stock.

Several other research analysts also recently issued reports on the stock. Benchmark raised their price objective on shares of Payoneer Global from $10.00 to $12.00 and gave the stock a “buy” rating in a research report on Wednesday, November 6th. Needham & Company LLC increased their price target on shares of Payoneer Global from $10.00 to $14.00 and gave the company a “buy” rating in a report on Wednesday, November 6th. Citigroup lifted their price objective on Payoneer Global from $8.50 to $13.00 and gave the stock a “buy” rating in a report on Tuesday, January 14th. Wolfe Research lowered Payoneer Global from an “outperform” rating to a “peer perform” rating in a research note on Wednesday, January 8th. Finally, The Goldman Sachs Group raised their price target on shares of Payoneer Global from $9.00 to $12.00 and gave the stock a “buy” rating in a research note on Wednesday, November 6th. Two research 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 stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $12.00.

Payoneer Global Price Performance

PAYO opened at $10.68 on Monday. Payoneer Global has a 1 year low of $4.22 and a 1 year high of $11.29. The stock has a market cap of $3.81 billion, a P/E ratio of 30.52 and a beta of 0.93. The firm has a fifty day moving average price of $10.38 and a 200 day moving average price of $8.69.

Payoneer Global (NASDAQ:PAYO) last issued its earnings results on Tuesday, November 5th. The company reported $0.11 EPS for the quarter, topping 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 company had revenue of $248.30 million for the quarter, compared to the consensus estimate of $225.44 million. During the same period in the previous year, the firm earned $0.05 earnings per share. Payoneer Global’s quarterly revenue was up 19.4% compared to the same quarter last year. Equities analysts expect that Payoneer Global will post 0.35 EPS for the current year.

Insider Buying and Selling

In other news, CAO Itai Perry sold 52,829 shares of the business’s stock in a transaction dated Monday, November 18th. The shares were sold at an average price of $10.64, for a total value of $562,100.56. Following the completion of the sale, the chief accounting officer now owns 201,882 shares of the company’s stock, valued at approximately $2,148,024.48. The trade was a 20.74 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, insider Crossover Managemen Technology sold 7,500,000 shares of the firm’s stock in a transaction on Monday, November 11th. The stock was sold at an average price of $10.32, for a total value of $77,400,000.00. Following the completion of the transaction, the insider now owns 34,197,116 shares in the company, valued at $352,914,237.12. The trade was a 17.99 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 7,999,625 shares of company stock valued at $82,498,514 in the last 90 days. 5.57% of the stock is owned by insiders.

Institutional Investors Weigh In On Payoneer Global

Several hedge funds and other institutional investors have recently made changes to their positions in the stock. Sei Investments Co. lifted its stake in shares of Payoneer Global by 4.5% in the 2nd quarter. Sei Investments Co. now owns 182,727 shares of the company’s stock valued at $1,012,000 after purchasing an additional 7,903 shares during the period. AQR Capital Management LLC purchased a new position in shares of Payoneer Global during the second quarter valued at approximately $396,000. The Manufacturers Life Insurance Company grew its stake in shares of Payoneer Global by 7.1% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 164,089 shares of the company’s stock worth $909,000 after acquiring an additional 10,873 shares in the last quarter. Quarry LP bought a new stake in Payoneer Global in the 2nd quarter worth about $29,000. Finally, Cubist Systematic Strategies LLC grew its holdings in shares of Payoneer Global by 108.6% in the second quarter. Cubist Systematic Strategies LLC now owns 509,003 shares of the company’s stock valued at $2,820,000 after acquiring an additional 264,978 shares in the last quarter. 82.22% of the stock is owned by institutional investors.

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.