Payoneer Global Inc. (NASDAQ:PAYO) Receives Average Recommendation of “Moderate Buy” from Brokerages

Payoneer Global Inc. (NASDAQ:PAYO) has received a consensus recommendation of “Moderate Buy” from the eight analysts that are currently covering the firm, MarketBeat reports. One analyst has rated the stock with a hold recommendation and seven have given a buy recommendation to the company. The average 12-month target price among brokerages that have issued a report on the stock in the last year is $9.00.

A number of research analysts have recently commented on PAYO shares. Wall Street Zen raised shares of Payoneer Global from a “sell” rating to a “hold” rating in a research note on Saturday, November 8th. Weiss Ratings restated a “hold (c)” rating on shares of Payoneer Global in a report on Thursday, January 22nd. Benchmark dropped their price target on shares of Payoneer Global from $12.00 to $10.00 and set a “buy” rating for the company in a research report on Tuesday, December 23rd. Finally, Jefferies Financial Group set a $7.00 price target on shares of Payoneer Global in a report on Wednesday, November 5th.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in PAYO. Osaic Holdings Inc. increased its stake in Payoneer Global by 246.5% during the second quarter. Osaic Holdings Inc. now owns 4,636 shares of the company’s stock worth $33,000 after acquiring an additional 3,298 shares during the last quarter. CWM LLC grew its holdings in shares of Payoneer Global by 178.6% during the 4th quarter. CWM LLC now owns 9,384 shares of the company’s stock worth $53,000 after purchasing an additional 6,016 shares during the period. Empowered Funds LLC acquired a new stake in Payoneer Global during the 4th quarter worth approximately $63,000. Quarry LP raised its holdings in Payoneer Global by 9,273.2% in the third quarter. Quarry LP now owns 10,498 shares of the company’s stock valued at $64,000 after buying an additional 10,386 shares during the period. Finally, Journey Strategic Wealth LLC acquired a new position in Payoneer Global during the second quarter valued at approximately $71,000. Institutional investors and hedge funds own 82.22% of the company’s stock.

Payoneer Global Stock Up 0.2%

Shares of NASDAQ:PAYO opened at $5.39 on Friday. The company has a market cap of $1.92 billion, a P/E ratio of 28.37, a P/E/G ratio of 5.16 and a beta of 1.04. The business has a fifty day simple moving average of $5.76 and a 200-day simple moving average of $6.06. Payoneer Global has a 52 week low of $4.91 and a 52 week high of $10.75.

About Payoneer Global

Payoneer Global (NASDAQ: PAYO) operates a digital payments platform that enables businesses, marketplaces and professionals to send and receive cross-border payments. The company’s core offerings include multi-currency receiving accounts, mass payout services and working capital solutions. Through its platform, Payoneer facilitates global transactions by connecting payors and payees across a network of local bank transfers, card payouts and digital wallets, supporting the seamless movement of funds in over 150 currencies.

Founded in 2005, Payoneer has grown from a small fintech venture into a widely adopted payments infrastructure provider that serves clients in more than 200 countries and territories.