Wall Street Zen Upgrades Payoneer Global (NASDAQ:PAYO) to “Hold”

Payoneer Global (NASDAQ:PAYO) was upgraded by equities research analysts at Wall Street Zen from a “sell” rating to a “hold” rating in a research report issued on Friday.

A number of other research firms also recently commented on PAYO. Weiss Ratings reiterated a “hold (c)” rating on shares of Payoneer Global in a research report on Saturday, September 27th. Needham & Company LLC boosted their target price on Payoneer Global from $8.00 to $10.00 and gave the stock a “buy” rating in a research report on Wednesday, August 6th. Finally, Deutsche Bank Aktiengesellschaft assumed coverage on Payoneer Global in a research report on Thursday, July 17th. They set a “buy” rating and a $8.00 target price on the stock. Eight investment analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $10.06.

Payoneer Global Price Performance

Payoneer Global stock opened at $6.13 on Friday. Payoneer Global has a 1-year low of $5.71 and a 1-year high of $11.29. The company has a market cap of $2.21 billion, a PE ratio of 23.58, a price-to-earnings-growth ratio of 8.07 and a beta of 0.95. The stock’s 50 day moving average price is $6.63 and its 200 day moving average price is $6.76.

Payoneer Global (NASDAQ:PAYO) last posted its quarterly earnings results on Wednesday, August 6th. The company reported $0.05 earnings per share for the quarter, missing analysts’ consensus estimates of $0.06 by ($0.01). The business had revenue of $260.61 million during the quarter, compared to analysts’ expectations of $253.17 million. Payoneer Global had a net margin of 9.81% and a return on equity of 13.42%. The firm’s quarterly revenue was up 8.8% compared to the same quarter last year. During the same quarter last year, the firm earned $0.09 earnings per share. On average, equities research analysts anticipate that Payoneer Global will post 0.34 EPS for the current fiscal year.

Hedge Funds Weigh In On Payoneer Global

Several institutional investors have recently added to or reduced their stakes in the business. Vanguard Group Inc. increased its stake in Payoneer Global by 12.1% in the first quarter. Vanguard Group Inc. now owns 33,881,608 shares of the company’s stock valued at $247,675,000 after purchasing an additional 3,656,056 shares during the last quarter. American Century Companies Inc. increased its stake in Payoneer Global by 15.1% during the first quarter. American Century Companies Inc. now owns 9,403,250 shares of the company’s stock worth $68,738,000 after acquiring an additional 1,236,598 shares during the last quarter. Price T Rowe Associates Inc. MD increased its stake in Payoneer Global by 3.0% during the first quarter. Price T Rowe Associates Inc. MD now owns 8,970,295 shares of the company’s stock worth $65,574,000 after acquiring an additional 260,306 shares during the last quarter. Millennium Management LLC increased its stake in Payoneer Global by 15.5% during the first quarter. Millennium Management LLC now owns 7,537,691 shares of the company’s stock worth $55,101,000 after acquiring an additional 1,014,096 shares during the last quarter. Finally, Geode Capital Management LLC increased its stake in Payoneer Global by 3.3% during the second quarter. Geode Capital Management LLC now owns 7,058,130 shares of the company’s stock worth $48,353,000 after acquiring an additional 226,215 shares during 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.