Payoneer Global (NASDAQ:PAYO) Stock Rating Upgraded by Wall Street Zen

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 note issued to investors on Saturday.

Several other equities analysts have also recently weighed in on PAYO. Jefferies Financial Group set a $7.00 price objective on Payoneer Global in a report on Wednesday. Weiss Ratings restated a “hold (c)” rating on shares of Payoneer Global in a research note on Wednesday, October 8th. Needham & Company LLC reiterated a “buy” rating and set a $10.00 price objective on shares of Payoneer Global in a research note on Monday, October 6th. Finally, Deutsche Bank Aktiengesellschaft initiated coverage on Payoneer Global in a report on Thursday, July 17th. They issued a “buy” rating and a $8.00 price objective for the company. Seven investment analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $9.57.

Payoneer Global Stock Up 1.9%

NASDAQ:PAYO opened at $5.37 on Friday. The company has a market cap of $1.93 billion, a P/E ratio of 28.26, a price-to-earnings-growth ratio of 6.64 and a beta of 0.94. Payoneer Global has a twelve month low of $4.91 and a twelve month high of $11.29. The business has a 50 day moving average price of $6.20 and a two-hundred day moving average price of $6.60.

Payoneer Global (NASDAQ:PAYO) last announced its earnings results on Wednesday, November 5th. The company reported $0.04 EPS for the quarter, missing the consensus estimate of $0.06 by ($0.02). Payoneer Global had a return on equity of 10.71% and a net margin of 6.96%.The business had revenue of $270.85 million for the quarter, compared to analyst estimates of $262.66 million. During the same quarter in the previous year, the company posted $0.11 EPS. The business’s revenue for the quarter was up 9.1% compared to the same quarter last year. Payoneer Global has set its FY 2025 guidance at EPS. As a group, analysts anticipate that Payoneer Global will post 0.34 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Payoneer Global

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in PAYO. Osaic Holdings Inc. raised its stake in Payoneer Global by 246.5% in the second quarter. Osaic Holdings Inc. now owns 4,636 shares of the company’s stock valued at $33,000 after purchasing an additional 3,298 shares in the last quarter. BI Asset Management Fondsmaeglerselskab A S bought a new position in Payoneer Global in the 1st quarter valued at about $34,000. IFP Advisors Inc raised its position in shares of Payoneer Global by 47,800.0% in the 1st quarter. IFP Advisors Inc now owns 6,227 shares of the company’s stock valued at $46,000 after buying an additional 6,214 shares in the last quarter. Journey Strategic Wealth LLC bought a new stake in shares of Payoneer Global during the 2nd quarter worth approximately $71,000. Finally, Marex Group plc bought a new stake in Payoneer Global during the second quarter worth $72,000. 82.22% of the stock is owned by institutional investors.

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.