Payoneer Global Inc. (NASDAQ:PAYO) Given Average Recommendation of “Buy” by Brokerages

Shares of Payoneer Global Inc. (NASDAQ:PAYO) have earned an average recommendation of “Buy” from the seven brokerages that are covering the stock, MarketBeat Ratings reports. Seven analysts have rated the stock with a buy recommendation. The average 12 month target price among brokerages that have covered the stock in the last year is $6.57.

Several analysts have weighed in on the company. Needham & Company LLC dropped their price target on Payoneer Global from $8.00 to $7.00 and set a “buy” rating on the stock in a research note on Monday, April 1st. Benchmark reiterated a “buy” rating and issued a $7.00 target price on shares of Payoneer Global in a research report on Tuesday, March 26th. Cantor Fitzgerald reduced their price target on shares of Payoneer Global from $8.00 to $7.00 and set an “overweight” rating for the company in a research report on Friday, March 1st. The Goldman Sachs Group dropped their price objective on shares of Payoneer Global from $7.00 to $6.00 and set a “buy” rating on the stock in a report on Thursday, January 11th. Finally, Citigroup reduced their target price on shares of Payoneer Global from $7.50 to $6.00 and set a “buy” rating for the company in a report on Thursday, March 21st.

Insider Transactions at Payoneer Global

In related news, insider Tsafi Goldman sold 6,118 shares of the business’s stock in a transaction on Friday, February 23rd. The shares were sold at an average price of $5.45, for a total value of $33,343.10. Following the completion of the transaction, the insider now directly owns 858,332 shares in the company, valued at approximately $4,677,909.40. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. In related news, insider Tsafi Goldman sold 6,118 shares of the firm’s stock in a transaction on Friday, February 23rd. The shares were sold at an average price of $5.45, for a total transaction of $33,343.10. Following the sale, the insider now owns 858,332 shares in the company, valued at $4,677,909.40. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, Director Scott H. Galit sold 191,283 shares of the company’s stock in a transaction dated Wednesday, April 10th. The stock was sold at an average price of $4.85, for a total transaction of $927,722.55. Following the completion of the transaction, the director now owns 2,476,139 shares of the company’s stock, valued at approximately $12,009,274.15. The disclosure for this sale can be found here. Insiders have sold 1,232,050 shares of company stock valued at $5,864,136 in the last 90 days. 5.57% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On Payoneer Global

Hedge funds have recently bought and sold shares of the business. Invesco Ltd. increased its position in shares of Payoneer Global by 0.4% in the third quarter. Invesco Ltd. now owns 500,926 shares of the company’s stock valued at $3,066,000 after buying an additional 1,846 shares in the last quarter. New York State Common Retirement Fund increased its holdings in Payoneer Global by 2.2% in the 3rd quarter. New York State Common Retirement Fund now owns 92,563 shares of the company’s stock worth $566,000 after acquiring an additional 2,007 shares in the last quarter. FMR LLC raised its position in Payoneer Global by 0.4% during the second quarter. FMR LLC now owns 533,502 shares of the company’s stock worth $2,091,000 after acquiring an additional 2,039 shares during the period. CIBC Asset Management Inc raised its position in Payoneer Global by 13.0% during the fourth quarter. CIBC Asset Management Inc now owns 17,979 shares of the company’s stock worth $94,000 after acquiring an additional 2,066 shares during the period. Finally, Profund Advisors LLC lifted its holdings in Payoneer Global by 14.2% during the fourth quarter. Profund Advisors LLC now owns 16,786 shares of the company’s stock valued at $87,000 after purchasing an additional 2,081 shares in the last quarter. Hedge funds and other institutional investors own 82.22% of the company’s stock.

Payoneer Global Stock Up 0.4 %

PAYO stock opened at $4.82 on Wednesday. The stock has a market capitalization of $1.78 billion, a PE ratio of 20.08 and a beta of 0.81. Payoneer Global has a 52 week low of $4.02 and a 52 week high of $6.48. The company has a quick ratio of 1.09, a current ratio of 1.09 and a debt-to-equity ratio of 0.03. The firm has a 50 day moving average of $4.88 and a 200 day moving average of $5.16.

Payoneer Global (NASDAQ:PAYO) last posted its quarterly earnings data on Wednesday, February 28th. The company reported $0.05 EPS for the quarter, hitting the consensus estimate of $0.05. The business had revenue of $224.32 million during the quarter, compared to the consensus estimate of $223.65 million. Payoneer Global had a net margin of 11.23% and a return on equity of 14.80%. Sell-side analysts forecast that Payoneer Global will post 0.22 earnings per share for the current year.

About Payoneer Global

Payoneer Global Inc operates as a financial technology company. It operates a payment infrastructure platform that provides customers with a one-stop, global, multi-currency account to serve their accounts receivable and accounts payable needs. The company delivers a suite of services that includes cross-border payments, physical and virtual MasterCard cards, working capital, risk management, and other services.