Payoneer Global (NASDAQ:PAYO) PT Raised to $9.00 at The Goldman Sachs Group

Payoneer Global (NASDAQ:PAYO) had its price target boosted by The Goldman Sachs Group from $8.00 to $9.00 in a report issued on Monday, Benzinga reports. The brokerage presently has a “buy” rating on the stock. The Goldman Sachs Group’s price target would suggest a potential upside of 12.08% from the company’s previous close.

Other equities analysts have also issued reports about the stock. Keefe, Bruyette & Woods lifted their target price on shares of Payoneer Global from $7.00 to $8.00 and gave the company an “outperform” rating in a report on Thursday, August 8th. Citigroup lifted their price objective on Payoneer Global from $7.00 to $8.50 and gave the company a “buy” rating in a research note on Monday, August 12th. Benchmark reissued a “buy” rating and issued a $9.00 target price on shares of Payoneer Global in a report on Thursday, August 8th. Cantor Fitzgerald upgraded Payoneer Global to a “strong-buy” rating in a report on Monday, August 12th. Finally, Needham & Company LLC lifted their price target on Payoneer Global from $9.00 to $10.00 and gave the stock a “buy” rating in a research report on Monday, October 7th. Six equities research analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, Payoneer Global currently has a consensus rating of “Buy” and a consensus price target of $8.79.

Payoneer Global Stock Performance

Payoneer Global stock opened at $8.03 on Monday. Payoneer Global has a fifty-two week low of $4.22 and a fifty-two week high of $8.03. The stock has a market cap of $3.00 billion, a price-to-earnings ratio of 26.77 and a beta of 0.85. The stock’s 50 day simple moving average is $7.34 and its two-hundred day simple moving average is $6.10.

Payoneer Global (NASDAQ:PAYO) last announced its earnings results on Wednesday, August 7th. The company reported $0.09 EPS for the quarter, beating analysts’ consensus estimates of $0.06 by $0.03. The firm had revenue of $239.50 million for the quarter, compared to analysts’ expectations of $223.12 million. Payoneer Global had a net margin of 11.25% and a return on equity of 15.28%. The company’s quarterly revenue was up 15.9% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.12 EPS. On average, analysts predict that Payoneer Global will post 0.25 earnings per share for the current year.

Insider Transactions at Payoneer Global

In other Payoneer Global news, CAO Itai Perry sold 3,900 shares of the company’s stock in a transaction dated Wednesday, October 9th. The shares were sold at an average price of $8.00, for a total transaction of $31,200.00. Following the transaction, the chief accounting officer now owns 228,738 shares in the company, valued at approximately $1,829,904. This represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In other news, Director Scott H. Galit sold 150,000 shares of the stock in a transaction on Wednesday, August 28th. The stock was sold at an average price of $7.07, for a total transaction of $1,060,500.00. Following the transaction, the director now directly owns 1,809,674 shares of the company’s stock, valued at $12,794,395.18. This represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, CAO Itai Perry sold 3,900 shares of the firm’s stock in a transaction on Wednesday, October 9th. The stock was sold at an average price of $8.00, for a total value of $31,200.00. Following the completion of the transaction, the chief accounting officer now owns 228,738 shares in the company, valued at approximately $1,829,904. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Company insiders own 5.57% of the company’s stock.

Institutional Trading of Payoneer Global

A number of hedge funds have recently bought and sold shares of the company. AXA S.A. grew its stake in shares of Payoneer Global by 1,394.5% during the 2nd quarter. AXA S.A. now owns 14,176,485 shares of the company’s stock valued at $78,538,000 after purchasing an additional 13,227,884 shares during the period. Wellington Management Group LLP grew its position in Payoneer Global by 68.4% during the fourth quarter. Wellington Management Group LLP now owns 7,784,978 shares of the company’s stock valued at $40,014,000 after buying an additional 3,161,509 shares during the period. Legion Partners Asset Management LLC purchased a new stake in Payoneer Global during the second quarter valued at approximately $12,360,000. American Century Companies Inc. increased its holdings in Payoneer Global by 241.5% during the second quarter. American Century Companies Inc. now owns 1,643,744 shares of the company’s stock valued at $9,106,000 after buying an additional 1,162,481 shares during the last quarter. Finally, Shell Asset Management Co. bought a new position in Payoneer Global in the first quarter worth approximately $5,360,000. Hedge funds and other institutional investors 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.