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

Payoneer Global (NASDAQ:PAYO) was downgraded by research analysts at Wall Street Zen from a “hold” rating to a “sell” rating in a report released on Saturday.

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

Payoneer Global Stock Performance

Payoneer Global stock opened at $4.70 on Friday. Payoneer Global has a 52 week low of $4.08 and a 52 week high of $7.97. The firm has a market capitalization of $1.68 billion, a PE ratio of 24.74, a PEG ratio of 0.57 and a beta of 1.10. The business’s 50-day simple moving average is $5.51 and its 200-day simple moving average is $5.86.

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

Institutional Trading of Payoneer Global

A number of institutional investors and hedge funds have recently modified their holdings of the company. Azora Capital LP acquired a new position in shares of Payoneer Global in the second quarter valued at $30,996,000. Invesco Ltd. boosted its stake in Payoneer Global by 137.3% during the second quarter. Invesco Ltd. now owns 5,562,623 shares of the company’s stock worth $38,104,000 after buying an additional 3,218,917 shares in the last quarter. Greenvale Capital LLP bought a new stake in Payoneer Global in the 2nd quarter valued at $14,472,000. Marshall Wace LLP increased its holdings in Payoneer Global by 238.5% in the 4th quarter. Marshall Wace LLP now owns 1,362,962 shares of the company’s stock valued at $7,660,000 after buying an additional 960,371 shares during the period. Finally, HRT Financial LP acquired a new position in shares of Payoneer Global in the 4th quarter valued at $4,912,000. 82.22% of the stock is currently owned by institutional investors.

Payoneer Global Company Profile

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.