Payoneer Global Inc. (NASDAQ:PAYO) Given Consensus Recommendation of “Moderate Buy” by Analysts

Shares of Payoneer Global Inc. (NASDAQ:PAYO) have received an average rating of “Moderate Buy” from the nine ratings firms that are covering the stock, Marketbeat reports. Two equities research analysts have rated the stock with a hold recommendation, six have assigned a buy recommendation and one has given a strong buy recommendation to the company. The average twelve-month price objective among brokerages that have issued a report on the stock in the last year is $13.07.

Several equities research analysts have recently weighed in on the company. Northland Securities raised 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. Deutsche Bank Aktiengesellschaft began coverage on Payoneer Global in a research report on Monday, February 3rd. They set a “buy” rating and a $13.00 price objective for the company. Citigroup increased their price target on shares of Payoneer Global from $14.50 to $16.50 and gave the stock a “buy” rating in a research note on Tuesday, March 4th. Wolfe Research downgraded shares of Payoneer Global from an “outperform” rating to a “peer perform” rating in a report on Wednesday, January 8th. Finally, Keefe, Bruyette & Woods reduced their price objective on Payoneer Global from $11.00 to $10.00 and set a “market perform” rating for the company in a research report on Friday, February 28th.

Payoneer Global Stock Down 0.6 %

Shares of NASDAQ:PAYO opened at $7.78 on Wednesday. The firm has a 50-day simple moving average of $9.41 and a 200 day simple moving average of $9.32. The company has a market cap of $2.80 billion, a PE ratio of 22.23, a P/E/G ratio of 2.88 and a beta of 0.97. Payoneer Global has a fifty-two week low of $4.66 and a fifty-two week high of $11.29.

Payoneer Global (NASDAQ:PAYO) last posted its earnings results on Thursday, February 27th. The company reported $0.05 EPS for the quarter, missing the consensus estimate of $0.06 by ($0.01). Payoneer Global had a net margin of 13.82% and a return on equity of 17.78%. The business had revenue of $261.74 million during the quarter, compared to analyst estimates of $242.14 million. During the same quarter in the prior year, the business earned $0.05 earnings per share. As a group, research analysts forecast that Payoneer Global will post 0.34 EPS for the current fiscal year.

Insiders Place Their Bets

In related news, CFO Beatrice Ordonez sold 85,000 shares of the business’s stock in a transaction that occurred on Tuesday, January 21st. The shares were sold at an average price of $10.40, for a total transaction of $884,000.00. Following the completion of the sale, the chief financial officer now directly 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 transaction was disclosed in a filing with the SEC, which is available at this link. Also, insider Tsafi Goldman sold 96,350 shares of the stock in a transaction on Thursday, January 2nd. The shares were sold at an average price of $10.07, for a total value of $970,244.50. Following the completion of the transaction, the insider now directly owns 741,748 shares in the company, valued at approximately $7,469,402.36. This trade represents a 11.50 % decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 5.57% of the company’s stock.

Institutional Trading of Payoneer Global

A number of institutional investors and hedge funds have recently modified their holdings of the stock. Susquehanna Capital Management LLC lifted its position in Payoneer Global by 290.3% during the 4th quarter. Susquehanna Capital Management LLC now owns 25,268,954 shares of the company’s stock worth $253,700,000 after acquiring an additional 18,794,047 shares during the period. Azora Capital LP purchased a new stake in shares of Payoneer Global in the third quarter valued at $31,901,000. Arrowstreet Capital Limited Partnership boosted its position in Payoneer Global by 200.0% during the fourth quarter. Arrowstreet Capital Limited Partnership now owns 3,470,347 shares of the company’s stock worth $34,842,000 after acquiring an additional 2,313,481 shares during the last quarter. Deutsche Bank AG increased its stake in shares of Payoneer Global by 252.8% during the 4th quarter. Deutsche Bank AG now owns 2,779,110 shares of the company’s stock valued at $27,902,000 after acquiring an additional 1,991,449 shares during the last quarter. Finally, Driehaus Capital Management LLC purchased a new stake in Payoneer Global during the fourth quarter valued at about $19,305,000. 82.22% of the stock is owned by institutional investors.

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.