Payoneer Global (NASDAQ:PAYO) Rating Lowered to “Sell” at Wall Street Zen

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

A number of other research analysts also recently commented on PAYO. Bank of America assumed coverage on Payoneer Global in a report on Wednesday. They set a “buy” rating and a $6.00 target price on the stock. Benchmark lowered their price target on Payoneer Global from $10.00 to $7.00 and set a “buy” rating for the company in a report on Friday, March 6th. 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 price target 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 reduced their price objective 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. Eight analysts have rated the stock with a Buy rating and one has given a Hold rating to the stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $7.75.

Payoneer Global Stock Performance

PAYO opened at $4.78 on Friday. The company has a market capitalization of $1.65 billion, a P/E ratio of 25.16, a PEG ratio of 0.61 and a beta of 1.09. The company has a 50-day moving average of $5.27 and a 200-day moving average of $5.65. Payoneer Global has a 1-year low of $4.08 and a 1-year high of $7.66.

Payoneer Global (NASDAQ:PAYO) last issued its quarterly 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 company had revenue of $274.69 million for 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 business’s revenue for the quarter was up 5.0% on a year-over-year basis. During the same period in the previous year, the business posted $0.05 EPS. As a group, sell-side analysts expect that Payoneer Global will post 0.34 earnings per share for the current fiscal year.

Institutional Trading of Payoneer Global

Institutional investors and hedge funds have recently made changes to their positions in the stock. Azora Capital LP bought a new stake in shares of Payoneer Global in the 2nd quarter worth approximately $30,996,000. Invesco Ltd. grew its stake in Payoneer Global by 137.3% during the 2nd 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 during the last quarter. Greenvale Capital LLP acquired a new stake in Payoneer Global in the second quarter worth $14,472,000. Marshall Wace LLP lifted its stake in Payoneer Global by 238.5% in the fourth 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 last quarter. Finally, HRT Financial LP bought a new stake in Payoneer Global in the fourth quarter valued at $4,912,000. 82.22% of the stock is currently owned by institutional investors and hedge funds.

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.