Payoneer Global (NASDAQ:PAYO) Upgraded by Wall Street Zen to “Hold” Rating

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 to clients and investors on Sunday.

Other equities analysts also recently issued reports about the stock. Needham & Company LLC reduced their price objective on shares of Payoneer Global from $10.00 to $8.00 and set a “buy” rating for the company in a report on Thursday, February 26th. Benchmark lowered their target price on shares of Payoneer Global from $10.00 to $7.00 and set a “buy” rating on the stock in a research note on Friday, March 6th. Keefe, Bruyette & Woods dropped their price target on shares of Payoneer Global from $7.50 to $7.00 and set an “outperform” rating for the company in a research report on Friday, February 27th. Finally, Weiss Ratings restated a “hold (c)” rating on shares of Payoneer Global in a research note on Thursday, January 22nd. Seven analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the stock. According to MarketBeat.com, Payoneer Global has an average rating of “Moderate Buy” and a consensus price target of $8.00.

Payoneer Global Trading Up 2.5%

Shares of NASDAQ PAYO opened at $4.54 on Friday. The business has a fifty day simple moving average of $5.41 and a 200 day simple moving average of $5.79. The firm has a market capitalization of $1.62 billion, a price-to-earnings ratio of 23.90, a PEG ratio of 0.55 and a beta of 1.09. Payoneer Global has a one year low of $4.08 and a one year high of $7.97.

Payoneer Global (NASDAQ:PAYO) last issued its earnings results on Thursday, February 26th. The company reported $0.05 EPS for the quarter, missing the consensus estimate of $0.06 by ($0.01). The firm had revenue of $274.69 million during the quarter, compared to the consensus estimate of $282.79 million. Payoneer Global had a return on equity of 10.89% and a net margin of 6.95%.The firm’s revenue for the quarter was up 5.0% compared to the same quarter last year. During the same period last year, the business earned $0.05 earnings per share. On average, research analysts anticipate that Payoneer Global will post 0.34 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Payoneer Global

Several institutional investors and hedge funds have recently made changes to their positions in PAYO. Royal Bank of Canada increased its position in shares of Payoneer Global by 299.7% during the 1st quarter. Royal Bank of Canada now owns 158,997 shares of the company’s stock worth $1,162,000 after purchasing an additional 119,219 shares in the last quarter. AQR Capital Management LLC lifted its holdings in Payoneer Global by 8.8% during the 1st quarter. AQR Capital Management LLC now owns 291,908 shares of the company’s stock valued at $2,134,000 after purchasing an additional 23,533 shares during the last quarter. Caxton Associates LLP acquired a new position in Payoneer Global in the first quarter valued at about $172,000. United Services Automobile Association bought a new stake in Payoneer Global during the first quarter worth about $126,000. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew its stake in Payoneer Global by 5.9% during the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 757,827 shares of the company’s stock worth $5,540,000 after buying an additional 41,970 shares during the last quarter. Institutional investors and hedge funds own 82.22% of the company’s stock.

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.