Payoneer Global Inc. (NASDAQ:PAYO – Get Rating) shares gapped down before the market opened on Friday . The stock had previously closed at $6.85, but opened at $6.47. Payoneer Global shares last traded at $6.65, with a volume of 1,742,675 shares trading hands.
Analysts Set New Price Targets
Several brokerages recently weighed in on PAYO. Needham & Company LLC reaffirmed a “buy” rating and issued a $10.00 price target on shares of Payoneer Global in a research note on Wednesday. Wolfe Research began coverage on Payoneer Global in a research note on Wednesday, January 11th. They issued an “outperform” rating and a $7.00 price target on the stock. Citigroup upped their price target on Payoneer Global from $10.00 to $11.00 and gave the stock a “buy” rating in a research note on Thursday. Jefferies Financial Group initiated coverage on Payoneer Global in a report on Monday, February 27th. They issued a “buy” rating and a $7.00 target price on the stock. Finally, The Goldman Sachs Group dropped their target price on Payoneer Global from $9.00 to $6.50 and set a “buy” rating on the stock in a report on Monday, January 9th. Five equities research analysts have rated the stock with a buy rating, According to MarketBeat.com, Payoneer Global presently has an average rating of “Buy” and a consensus price target of $8.50.
Payoneer Global Stock Performance
The business has a fifty day simple moving average of $5.75 and a two-hundred day simple moving average of $6.12. The company has a quick ratio of 1.09, a current ratio of 1.08 and a debt-to-equity ratio of 0.03. The company has a market cap of $2.40 billion, a P/E ratio of -171.00 and a beta of 0.92.
Insider Buying and Selling at Payoneer Global
Institutional Trading of Payoneer Global
Hedge funds and other institutional investors have recently bought and sold shares of the stock. Renaissance Technologies LLC increased its position in Payoneer Global by 21.6% in the third quarter. Renaissance Technologies LLC now owns 3,325,800 shares of the company’s stock worth $20,121,000 after buying an additional 590,400 shares in the last quarter. PDT Partners LLC increased its position in Payoneer Global by 244.0% in the third quarter. PDT Partners LLC now owns 223,874 shares of the company’s stock worth $1,354,000 after buying an additional 158,800 shares in the last quarter. Barclays PLC increased its position in Payoneer Global by 7.2% in the third quarter. Barclays PLC now owns 30,984 shares of the company’s stock worth $188,000 after buying an additional 2,087 shares in the last quarter. Counterpoint Mutual Funds LLC purchased a new stake in Payoneer Global in the third quarter worth about $110,000. Finally, Jackson Creek Investment Advisors LLC purchased a new stake in shares of Payoneer Global during the third quarter worth about $878,000. Hedge funds and other institutional investors own 93.89% of the company’s stock.
Payoneer Global Company Profile
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.
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