According to Zacks, “Payoneer Inc. is a commerce technology company powering payments and growth for economy. Payoneer Inc., formerly known as FTAC Olympus Acquisition Corp., is based in NEW YORK. “
Several other brokerages have also recently commented on PAYO. Citigroup decreased their target price on shares of Payoneer Global from $12.50 to $11.00 and set a “buy” rating for the company in a report on Wednesday, January 26th. Needham & Company LLC decreased their target price on shares of Payoneer Global from $13.00 to $7.00 and set a “buy” rating for the company in a report on Friday, March 4th. Two equities research analysts have rated the stock with a hold rating and five have given a buy rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Buy” and a consensus price target of $10.75.
Payoneer Global (NASDAQ:PAYO – Get Rating) last announced its earnings results on Thursday, March 3rd. The company reported ($0.06) EPS for the quarter, missing the consensus estimate of ($0.02) by ($0.04). Payoneer Global had a negative return on equity of 17.36% and a negative net margin of 7.18%. The firm had revenue of $139.22 million during the quarter, compared to analyst estimates of $126.29 million. During the same quarter in the previous year, the business earned ($0.29) earnings per share. The business’s quarterly revenue was up 47.0% compared to the same quarter last year. On average, research analysts forecast that Payoneer Global will post -0.22 earnings per share for the current year.
Hedge funds have recently bought and sold shares of the stock. Advisor Group Holdings Inc. boosted its holdings in shares of Payoneer Global by 101.5% during the third quarter. Advisor Group Holdings Inc. now owns 3,970 shares of the company’s stock worth $35,000 after purchasing an additional 2,000 shares during the period. Assetmark Inc. acquired a new stake in shares of Payoneer Global during the third quarter worth approximately $39,000. Royal Bank of Canada acquired a new stake in shares of Payoneer Global during the second quarter worth approximately $41,000. Migdal Insurance & Financial Holdings Ltd. boosted its holdings in shares of Payoneer Global by 1,622.5% during the fourth quarter. Migdal Insurance & Financial Holdings Ltd. now owns 6,976 shares of the company’s stock worth $50,000 after purchasing an additional 6,571 shares during the period. Finally, Wolverine Asset Management LLC bought a new position in Payoneer Global during the fourth quarter valued at approximately $58,000. Institutional investors and hedge funds own 66.30% of the company’s stock.
About Payoneer Global (Get Rating)
Payoneer Global Inc operates a payment and commerce-enabling platform that facilitates marketplaces, platforms and online merchants worldwide. It delivers a suite of services that includes cross-border payments, B2B accounts payable/accounts receivable, multi-currency account, physical and virtual Mastercard cards, working capital, merchant, tax, compliance and risk, and others.
- Get a free copy of the StockNews.com research report on Payoneer Global (PAYO)
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