Payoneer Global Inc. (NASDAQ:PAYO) Receives $7.00 Average Price Target from Brokerages

Payoneer Global Inc. (NASDAQ:PAYO) has been assigned an average recommendation of “Buy” from the seven ratings firms that are covering the stock, MarketBeat Ratings reports. Seven analysts have rated the stock with a buy rating. The average 12-month price target among analysts that have covered the stock in the last year is $7.00.

PAYO has been the subject of a number of recent analyst reports. Cantor Fitzgerald reduced their price objective on shares of Payoneer Global from $8.00 to $7.00 and set an “overweight” rating for the company in a research report on Friday, March 1st. Needham & Company LLC upped their price objective on shares of Payoneer Global from $7.00 to $8.00 and gave the stock a “buy” rating in a research report on Thursday, May 9th. Benchmark reaffirmed a “buy” rating and issued a $9.00 price objective on shares of Payoneer Global in a research report on Tuesday, May 14th. Citigroup reduced their price objective on shares of Payoneer Global from $7.50 to $6.00 and set a “buy” rating for the company in a research report on Thursday, March 21st. Finally, Keefe, Bruyette & Woods dropped their target price on shares of Payoneer Global from $7.00 to $6.00 and set an “outperform” rating on the stock in a research note on Thursday, February 29th.

Insider Buying and Selling at Payoneer Global

In related news, CAO Itai Perry sold 6,000 shares of the company’s stock in a transaction that occurred on Tuesday, May 21st. The shares were sold at an average price of $6.00, for a total transaction of $36,000.00. Following the sale, the chief accounting officer now directly owns 233,639 shares in the company, valued at approximately $1,401,834. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. In related news, Director Scott H. Galit sold 191,283 shares of the company’s stock in a transaction that occurred on Wednesday, April 10th. The shares were sold at an average price of $4.85, for a total transaction of $927,722.55. Following the sale, the director now directly owns 2,476,139 shares in the company, valued at approximately $12,009,274.15. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, CAO Itai Perry sold 6,000 shares of the company’s stock in a transaction that occurred on Tuesday, May 21st. The shares were sold at an average price of $6.00, for a total transaction of $36,000.00. Following the sale, the chief accounting officer now owns 233,639 shares in the company, valued at $1,401,834. The disclosure for this sale can be found here. Insiders have sold a total of 502,148 shares of company stock worth $2,501,071 over the last three months. 5.57% of the stock is currently owned by insiders.

Institutional Trading of Payoneer Global

Institutional investors have recently modified their holdings of the business. Vanguard Group Inc. boosted its holdings in Payoneer Global by 2.8% in the 4th quarter. Vanguard Group Inc. now owns 28,579,172 shares of the company’s stock valued at $148,897,000 after purchasing an additional 787,509 shares during the period. Wellington Management Group LLP boosted its holdings in Payoneer Global by 68.4% in the 4th quarter. Wellington Management Group LLP now owns 7,784,978 shares of the company’s stock valued at $40,014,000 after purchasing an additional 3,161,509 shares during the period. Adage Capital Partners GP L.L.C. boosted its holdings in Payoneer Global by 0.5% in the 3rd quarter. Adage Capital Partners GP L.L.C. now owns 6,317,478 shares of the company’s stock valued at $38,663,000 after purchasing an additional 32,946 shares during the period. Victory Capital Management Inc. boosted its holdings in Payoneer Global by 6.0% in the 4th quarter. Victory Capital Management Inc. now owns 5,618,682 shares of the company’s stock valued at $29,273,000 after purchasing an additional 320,108 shares during the period. Finally, Price T Rowe Associates Inc. MD lifted its holdings in shares of Payoneer Global by 3.9% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 4,790,400 shares of the company’s stock worth $23,283,000 after acquiring an additional 178,842 shares during the last quarter. 82.22% of the stock is currently owned by hedge funds and other institutional investors.

Payoneer Global Stock Performance

NASDAQ:PAYO opened at $5.59 on Monday. The company has a debt-to-equity ratio of 0.02, a current ratio of 1.09 and a quick ratio of 1.09. The firm has a 50-day moving average of $5.56 and a 200-day moving average of $5.14. The company has a market cap of $2.09 billion, a PE ratio of 18.63 and a beta of 0.84. Payoneer Global has a one year low of $4.22 and a one year high of $6.48.

Payoneer Global (NASDAQ:PAYO) last issued its quarterly earnings data on Wednesday, May 8th. The company reported $0.08 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.05 by $0.03. Payoneer Global had a net margin of 13.19% and a return on equity of 17.56%. The business had revenue of $228.20 million during the quarter, compared to the consensus estimate of $211.63 million. During the same period in the prior year, the firm posted $0.02 EPS. The firm’s quarterly revenue was up 18.9% compared to the same quarter last year. As a group, equities research analysts expect that Payoneer Global will post 0.24 EPS for the current fiscal year.

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.