Payoneer Global Inc. (NASDAQ:PAYO) Receives Consensus Recommendation of “Buy” from Analysts

Shares of Payoneer Global Inc. (NASDAQ:PAYO) have been given a consensus rating of “Buy” by the seven ratings firms that are currently covering the company, MarketBeat reports. Seven analysts have rated the stock with a buy recommendation. The average twelve-month price objective among brokerages that have issued ratings on the stock in the last year is $6.57.

Several research firms have weighed in on PAYO. The Goldman Sachs Group lowered their price objective on shares of Payoneer Global from $7.00 to $6.00 and set a “buy” rating on the stock in a research report on Thursday, January 11th. Needham & Company LLC lowered their price objective on shares of Payoneer Global from $8.00 to $7.00 and set a “buy” rating on the stock in a research report on Monday, April 1st. Cantor Fitzgerald lowered their price objective on shares of Payoneer Global from $8.00 to $7.00 and set an “overweight” rating on the stock in a research report on Friday, March 1st. Keefe, Bruyette & Woods lowered their price objective on shares of Payoneer Global from $7.00 to $6.00 and set an “outperform” rating on the stock in a research report on Thursday, February 29th. Finally, Citigroup lowered their price objective on shares of Payoneer Global from $7.50 to $6.00 and set a “buy” rating on the stock in a research report on Thursday, March 21st.

Payoneer Global Trading Up 1.6 %

Payoneer Global stock opened at $5.08 on Friday. The company has a debt-to-equity ratio of 0.03, a quick ratio of 1.09 and a current ratio of 1.09. The firm has a market cap of $1.87 billion, a price-to-earnings ratio of 21.17 and a beta of 0.77. Payoneer Global has a 1 year low of $4.02 and a 1 year high of $6.48. The firm’s 50 day moving average price is $4.81 and its two-hundred day moving average price is $5.08.

Payoneer Global (NASDAQ:PAYO) last posted its quarterly earnings data on Wednesday, February 28th. The company reported $0.05 earnings per share for the quarter, hitting the consensus estimate of $0.05. Payoneer Global had a net margin of 11.23% and a return on equity of 14.80%. The firm had revenue of $224.32 million for the quarter, compared to analysts’ expectations of $223.65 million. On average, research analysts predict that Payoneer Global will post 0.2 EPS for the current fiscal year.

Insider Buying and Selling at Payoneer Global

In other Payoneer Global news, Director Scott H. Galit sold 12,447 shares of Payoneer Global stock in a transaction on Tuesday, February 6th. The shares were sold at an average price of $4.88, for a total transaction of $60,741.36. Following the completion of the sale, the director now owns 3,190,571 shares of the company’s stock, valued at approximately $15,569,986.48. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. In related news, insider Tsafi Goldman sold 61,464 shares of Payoneer Global stock in a transaction on Thursday, February 15th. The shares were sold at an average price of $5.43, for a total value of $333,749.52. Following the completion of the sale, the insider now owns 870,832 shares of the company’s stock, valued at approximately $4,728,617.76. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Director Scott H. Galit sold 12,447 shares of Payoneer Global stock in a transaction on Tuesday, February 6th. The shares were sold at an average price of $4.88, for a total transaction of $60,741.36. Following the completion of the sale, the director now directly owns 3,190,571 shares of the company’s stock, valued at approximately $15,569,986.48. The disclosure for this sale can be found here. Insiders sold 1,231,650 shares of company stock valued at $5,862,136 in the last quarter. Company insiders own 5.57% of the company’s stock.

Institutional Investors Weigh In On Payoneer Global

Institutional investors and hedge funds have recently modified their holdings of the business. SG Americas Securities LLC bought a new position in Payoneer Global in the 3rd quarter worth $432,000. Maryland State Retirement & Pension System raised its holdings in Payoneer Global by 19.2% in the 3rd quarter. Maryland State Retirement & Pension System now owns 95,252 shares of the company’s stock worth $583,000 after acquiring an additional 15,370 shares during the period. Bank of New York Mellon Corp raised its holdings in Payoneer Global by 14.3% in the 3rd quarter. Bank of New York Mellon Corp now owns 2,024,190 shares of the company’s stock worth $12,388,000 after acquiring an additional 253,195 shares during the period. New York State Teachers Retirement System raised its holdings in Payoneer Global by 52.1% in the 3rd quarter. New York State Teachers Retirement System now owns 167,081 shares of the company’s stock worth $1,023,000 after acquiring an additional 57,200 shares during the period. Finally, Mirae Asset Global Investments Co. Ltd. raised its holdings in Payoneer Global by 2.9% in the 3rd quarter. Mirae Asset Global Investments Co. Ltd. now owns 539,323 shares of the company’s stock worth $3,301,000 after acquiring an additional 15,241 shares during the period. 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.