Payoneer Global Inc. (NASDAQ:PAYO) Receives $10.79 Consensus Price Target from Analysts

Shares of Payoneer Global Inc. (NASDAQ:PAYO) have received an average rating of “Buy” from the seven brokerages that are covering the stock, MarketBeat Ratings reports. Six investment analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the company. The average twelve-month target price among brokers that have issued ratings on the stock in the last year is $10.79.

Several equities research analysts have recently issued reports on the company. Cantor Fitzgerald upgraded Payoneer Global to a “strong-buy” rating in a report on Monday, August 12th. Northland Securities raised their price objective on Payoneer Global from $9.00 to $10.00 and gave the stock an “outperform” rating in a report on Tuesday, September 10th. The Goldman Sachs Group increased their target price on Payoneer Global from $9.00 to $12.00 and gave the stock a “buy” rating in a research report on Wednesday, November 6th. Citigroup increased their target price on Payoneer Global from $7.00 to $8.50 and gave the stock a “buy” rating in a research report on Monday, August 12th. Finally, Benchmark increased 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.

Payoneer Global Stock Performance

Shares of NASDAQ:PAYO opened at $10.93 on Thursday. The business’s fifty day moving average price is $8.69 and its two-hundred day moving average price is $6.99. The stock has a market cap of $3.90 billion, a PE ratio of 31.23 and a beta of 0.82. Payoneer Global has a one year low of $4.22 and a one year high of $10.99.

Payoneer Global (NASDAQ:PAYO) last posted its quarterly earnings data on Tuesday, November 5th. The company reported $0.11 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.04 by $0.07. Payoneer Global had a return on equity of 17.78% and a net margin of 13.82%. The business had revenue of $248.30 million for the quarter, compared to analysts’ expectations of $225.44 million. During the same quarter last year, the firm earned $0.05 earnings per share. The business’s revenue was up 19.4% on a year-over-year basis. As a group, equities research analysts predict that Payoneer Global will post 0.32 earnings per share for the current fiscal year.

Insider Buying and Selling at Payoneer Global

In other Payoneer Global news, insider Crossover Managemen Technology sold 7,500,000 shares of the firm’s stock in a transaction dated Monday, November 11th. The stock was sold at an average price of $10.32, for a total value of $77,400,000.00. Following the transaction, the insider now directly owns 34,197,116 shares of the company’s stock, valued at $352,914,237.12. This trade represents a 17.99 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Scott H. Galit sold 150,000 shares of the firm’s stock in a transaction dated Wednesday, August 28th. The shares were sold at an average price of $7.07, for a total value of $1,060,500.00. Following the completion of the transaction, the director now directly owns 1,809,674 shares in the company, valued at $12,794,395.18. This trade represents a 7.65 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 7,710,829 shares of company stock valued at $79,086,601 over the last three months. 5.57% of the stock is owned by company insiders.

Institutional Trading of Payoneer Global

Several large investors have recently modified their holdings of PAYO. AXA S.A. grew its stake in Payoneer Global by 1,394.5% in the second quarter. AXA S.A. now owns 14,176,485 shares of the company’s stock worth $78,538,000 after purchasing an additional 13,227,884 shares in the last quarter. Azora Capital LP acquired a new position in Payoneer Global in the third quarter worth about $31,901,000. Legion Partners Asset Management LLC acquired a new position in Payoneer Global in the second quarter worth about $12,360,000. American Century Companies Inc. grew its stake in Payoneer Global by 241.5% in the second quarter. American Century Companies Inc. now owns 1,643,744 shares of the company’s stock worth $9,106,000 after purchasing an additional 1,162,481 shares in the last quarter. Finally, Millennium Management LLC grew its stake in Payoneer Global by 17.3% in the second quarter. Millennium Management LLC now owns 6,764,016 shares of the company’s stock worth $37,473,000 after purchasing an additional 995,366 shares in the last quarter. 82.22% of the stock is currently owned by institutional investors and hedge funds.

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.