Analysts Set Payoneer Global Inc. (NASDAQ:PAYO) PT at $11.36

Payoneer Global Inc. (NASDAQ:PAYO) has earned a consensus rating of “Buy” from the seven brokerages that are covering the stock, Marketbeat.com reports. One analyst has rated the stock with a hold rating, five have given a buy rating and one has assigned a strong buy rating to the company. The average 12-month price target among brokers that have covered the stock in the last year is $11.36.

PAYO has been the subject of several research analyst reports. Keefe, Bruyette & Woods lowered Payoneer Global from an “outperform” rating to a “market perform” rating and set a $12.00 price objective for the company. in a report on Monday, December 9th. Benchmark raised their target price on Payoneer Global from $10.00 to $12.00 and gave the stock a “buy” rating in a research report on Wednesday, November 6th. The Goldman Sachs Group upped their price target on shares of Payoneer Global from $9.00 to $12.00 and gave the company a “buy” rating in a research report on Wednesday, November 6th. Northland Securities upped their price objective on Payoneer Global from $13.00 to $14.00 and gave the stock an “outperform” rating in a research note on Friday, December 6th. Finally, Needham & Company LLC raised their price objective on Payoneer Global from $10.00 to $14.00 and gave the stock a “buy” rating in a research note on Wednesday, November 6th.

Insider Buying and Selling

In other news, insider Tsafi Goldman sold 263,873 shares of the stock in a transaction that occurred on Tuesday, December 10th. The stock was sold at an average price of $10.10, for a total transaction of $2,665,117.30. Following the completion of the transaction, the insider now directly owns 741,748 shares in the company, valued at approximately $7,491,654.80. This represents a 26.24 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CAO Itai Perry sold 52,829 shares of the firm’s stock in a transaction on Monday, November 18th. The shares were sold at an average price of $10.64, for a total transaction of $562,100.56. Following the completion of the transaction, the chief accounting officer now directly owns 201,882 shares of the company’s stock, valued at approximately $2,148,024.48. This trade represents a 20.74 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 7,826,275 shares of company stock valued at $80,708,269. Corporate insiders own 5.57% of the company’s stock.

Institutional Trading of Payoneer Global

Several hedge funds have recently made changes to their positions in the business. Quarry LP purchased a new position in Payoneer Global during the second quarter worth $29,000. Blue Trust Inc. boosted its stake in shares of Payoneer Global by 135.2% during the 3rd quarter. Blue Trust Inc. now owns 4,440 shares of the company’s stock worth $33,000 after purchasing an additional 2,552 shares during the period. GAMMA Investing LLC grew its holdings in Payoneer Global by 438.5% during the 3rd quarter. GAMMA Investing LLC now owns 5,816 shares of the company’s stock valued at $44,000 after purchasing an additional 4,736 shares during the last quarter. Sage Rhino Capital LLC purchased a new stake in Payoneer Global in the 2nd quarter worth about $56,000. Finally, FSC Wealth Advisors LLC bought a new stake in Payoneer Global in the third quarter worth about $68,000. 82.22% of the stock is currently owned by hedge funds and other institutional investors.

Payoneer Global Stock Performance

Shares of NASDAQ:PAYO opened at $9.93 on Monday. The firm has a market cap of $3.54 billion, a price-to-earnings ratio of 28.37 and a beta of 0.90. The business has a 50-day simple moving average of $9.76 and a two-hundred day simple moving average of $7.57. Payoneer Global has a fifty-two week low of $4.22 and a fifty-two week high of $11.29.

Payoneer Global (NASDAQ:PAYO) last released its quarterly earnings data on Tuesday, November 5th. The company reported $0.11 earnings per share for the quarter, beating the consensus estimate of $0.04 by $0.07. Payoneer Global had a net margin of 13.82% and a return on equity of 17.78%. The firm had revenue of $248.30 million during the quarter, compared to analysts’ expectations of $225.44 million. During the same period in the previous year, the company earned $0.05 earnings per share. The firm’s quarterly revenue was up 19.4% on a year-over-year basis. As a group, research analysts predict that Payoneer Global will post 0.35 earnings per share for the current year.

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.