Analysts Set Payoneer Global Inc. (NASDAQ:PAYO) Target Price at $11.21

Payoneer Global Inc. (NASDAQ:PAYO) has earned a consensus rating of “Moderate Buy” from the eight ratings firms that are presently covering the company, Marketbeat reports. Two analysts have rated the stock with a hold recommendation, five have assigned a buy recommendation and one has given a strong buy recommendation to the company. The average twelve-month price objective among brokers that have issued a report on the stock in the last year is $11.86.

A number of analysts have weighed in on the company. Benchmark increased their price objective on Payoneer Global from $10.00 to $12.00 and gave the stock a “buy” rating in a research report on Wednesday, November 6th. Northland Securities lifted their price objective on shares of Payoneer Global from $13.00 to $14.00 and gave the company an “outperform” rating in a research report on Friday, December 6th. Citigroup upped their price objective on shares of Payoneer Global from $8.50 to $13.00 and gave the stock a “buy” rating in a research report on Tuesday. The Goldman Sachs Group lifted their target price on shares of Payoneer Global from $9.00 to $12.00 and gave the company a “buy” rating in a report on Wednesday, November 6th. Finally, Needham & Company LLC increased their price target on shares of Payoneer Global from $10.00 to $14.00 and gave the stock a “buy” rating in a report on Wednesday, November 6th.

Insider Buying and Selling

In other Payoneer Global news, insider Crossover Managemen Technology sold 7,500,000 shares of the company’s stock in a transaction on 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 sale, the insider now owns 34,197,116 shares of the company’s stock, valued at approximately $352,914,237.12. This represents a 17.99 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible 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 value of $562,100.56. Following the completion of the transaction, the chief accounting officer now owns 201,882 shares of the company’s stock, valued at approximately $2,148,024.48. This represents a 20.74 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 7,914,625 shares of company stock valued at $81,614,514. Corporate insiders own 5.57% of the company’s stock.

Institutional Trading of Payoneer Global

Institutional investors and hedge funds have recently modified their holdings of the business. AXA S.A. raised its position 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 worth $78,538,000 after purchasing an additional 13,227,884 shares during the last quarter. Azora Capital LP purchased a new stake in shares of Payoneer Global in the third quarter valued at $31,901,000. Legion Partners Asset Management LLC purchased a new stake in shares of Payoneer Global in the second quarter valued at $12,360,000. American Century Companies Inc. increased its position in Payoneer Global by 241.5% during the 2nd 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 raised its stake in Payoneer Global by 17.3% in the 2nd quarter. Millennium Management LLC now owns 6,764,016 shares of the company’s stock valued at $37,473,000 after purchasing an additional 995,366 shares during the last quarter. Hedge funds and other institutional investors own 82.22% of the company’s stock.

Payoneer Global Price Performance

Shares of Payoneer Global stock opened at $9.91 on Friday. The firm’s fifty day simple moving average is $10.40 and its 200-day simple moving average is $8.18. Payoneer Global has a 12 month low of $4.22 and a 12 month high of $11.29. The stock has a market capitalization of $3.53 billion, a price-to-earnings ratio of 28.32 and a beta of 0.92.

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

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.