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

Payoneer Global Inc. (NASDAQ:PAYO) has received an average recommendation of “Moderate Buy” from the eight analysts that are currently covering the firm, Marketbeat reports. One investment analyst has rated the stock with a hold recommendation and seven have given a buy recommendation to the company. The average twelve-month price target among brokers that have issued a report on the stock in the last year is $8.00.

PAYO has been the subject of a number of recent analyst reports. Wall Street Zen cut shares of Payoneer Global from a “hold” rating to a “sell” rating in a research report on Saturday. Benchmark decreased their price objective on shares of Payoneer Global from $10.00 to $7.00 and set a “buy” rating on the stock in a report on Friday, March 6th. Weiss Ratings reiterated a “hold (c)” rating on shares of Payoneer Global in a report on Thursday, January 22nd. Needham & Company LLC cut their target price on Payoneer Global from $10.00 to $8.00 and set a “buy” rating on the stock in a research report on Thursday, February 26th. Finally, Keefe, Bruyette & Woods decreased their price target on Payoneer Global from $7.50 to $7.00 and set an “outperform” rating on the stock in a research note on Friday, February 27th.

Institutional Investors Weigh In On Payoneer Global

Several institutional investors and hedge funds have recently modified their holdings of PAYO. Osaic Holdings Inc. boosted its holdings in Payoneer Global by 246.5% during the 2nd quarter. Osaic Holdings Inc. now owns 4,636 shares of the company’s stock valued at $33,000 after acquiring an additional 3,298 shares during the period. CWM LLC increased its stake in Payoneer Global by 178.6% during the fourth 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. Vident Advisory LLC purchased a new stake in Payoneer Global during the fourth quarter worth about $58,000. Empowered Funds LLC acquired a new stake in shares of Payoneer Global during the fourth quarter worth about $63,000. Finally, Quarry LP lifted its position in shares of Payoneer Global by 9,273.2% during the third quarter. Quarry LP now owns 10,498 shares of the company’s stock worth $64,000 after purchasing an additional 10,386 shares in the last quarter. Hedge funds and other institutional investors own 82.22% of the company’s stock.

Payoneer Global Stock Down 0.8%

Shares of Payoneer Global stock opened at $4.67 on Wednesday. Payoneer Global has a 52 week low of $4.08 and a 52 week high of $7.97. The business’s fifty day simple moving average is $5.47 and its 200-day simple moving average is $5.83. The firm has a market cap of $1.66 billion, a PE ratio of 24.58, a price-to-earnings-growth ratio of 0.58 and a beta of 1.09.

Payoneer Global (NASDAQ:PAYO) last issued its quarterly earnings data on Thursday, February 26th. The company reported $0.05 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.06 by ($0.01). The business had revenue of $274.69 million for the quarter, compared to analyst estimates 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 in the previous year, the business posted $0.05 earnings per share. As a group, equities analysts expect that Payoneer Global will post 0.34 earnings per share for the current year.

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.