Keefe, Bruyette & Woods Lowers Payoneer Global (NASDAQ:PAYO) Price Target to $8.00

Payoneer Global (NASDAQ:PAYO) had its price target lowered by analysts at Keefe, Bruyette & Woods from $10.00 to $8.00 in a report released on Monday,Benzinga reports. The firm presently has a “market perform” rating on the stock. Keefe, Bruyette & Woods’ price objective would indicate a potential upside of 7.10% from the company’s previous close.

Several other research firms have also recently issued reports on PAYO. Northland Securities lifted their target price on shares of Payoneer Global from $13.00 to $14.00 and gave the stock an “outperform” rating in a research note on Friday, December 6th. Wolfe Research lowered shares of Payoneer Global from an “outperform” rating to a “peer perform” rating in a research report on Wednesday, January 8th. Deutsche Bank Aktiengesellschaft started coverage on Payoneer Global in a research report on Monday, February 3rd. They issued a “buy” rating and a $13.00 price objective for the company. Finally, Citigroup upped their target price on shares of Payoneer Global from $14.50 to $16.50 and gave the company a “buy” rating in a research report on Tuesday, March 4th. Two analysts have rated the stock with a hold rating, six have issued a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat, Payoneer Global presently has an average rating of “Moderate Buy” and an average price target of $12.79.

Payoneer Global Price Performance

PAYO stock opened at $7.47 on Monday. Payoneer Global has a 1 year low of $4.69 and a 1 year high of $11.29. The firm has a market capitalization of $2.69 billion, a PE ratio of 21.34, a price-to-earnings-growth ratio of 2.88 and a beta of 0.97. The business has a 50 day simple moving average of $9.08 and a 200-day simple moving average of $9.33.

Payoneer Global (NASDAQ:PAYO) last released its quarterly earnings data on Thursday, February 27th. The company reported $0.05 earnings per share for the quarter, missing analysts’ consensus estimates of $0.06 by ($0.01). Payoneer Global had a return on equity of 17.78% and a net margin of 13.82%. The company had revenue of $261.74 million for the quarter, compared to analyst estimates of $242.14 million. During the same period last year, the firm posted $0.05 EPS. On average, equities research analysts expect that Payoneer Global will post 0.34 EPS for the current year.

Insider Activity at Payoneer Global

In other news, CFO Beatrice Ordonez sold 85,000 shares of the stock in a transaction on Tuesday, January 21st. The stock was sold at an average price of $10.40, for a total value of $884,000.00. Following the sale, the chief financial officer now directly owns 2,305,245 shares in the company, valued at approximately $23,974,548. This trade represents a 3.56 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Tsafi Goldman sold 96,350 shares of the company’s stock in a transaction dated Thursday, January 2nd. The stock was sold at an average price of $10.07, for a total value of $970,244.50. Following the sale, the insider now 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. Company insiders own 5.57% of the company’s stock.

Institutional Trading of Payoneer Global

Hedge funds have recently added to or reduced their stakes in the company. California State Teachers Retirement System increased its position in shares of Payoneer Global by 2.3% in the 4th quarter. California State Teachers Retirement System now owns 284,558 shares of the company’s stock valued at $2,857,000 after purchasing an additional 6,350 shares during the last quarter. Forum Financial Management LP purchased a new position in Payoneer Global in the fourth quarter valued at $122,000. Neo Ivy Capital Management acquired a new stake in Payoneer Global in the fourth quarter valued at $1,543,000. Castleark Management LLC purchased a new stake in Payoneer Global during the 4th quarter worth about $6,067,000. Finally, PharVision Advisers LLC acquired a new position in shares of Payoneer Global during the 4th quarter worth about $125,000. Institutional investors and hedge funds own 82.22% of the company’s stock.

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.