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

Payoneer Global Inc. (NASDAQ:PAYO) has received a consensus rating of “Buy” from the seven brokerages that are currently covering the stock, MarketBeat.com reports. Seven analysts have rated the stock with a buy recommendation. The average 1 year price target among brokers that have issued ratings on the stock in the last year is $6.71.

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

Insider Transactions at Payoneer Global

In other news, insider Tsafi Goldman sold 61,464 shares of the business’s stock in a transaction dated Thursday, February 15th. The stock was sold at an average price of $5.43, for a total transaction of $333,749.52. Following the completion of the sale, the insider now owns 870,832 shares in the company, valued at approximately $4,728,617.76. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. In other news, insider Tsafi Goldman sold 61,464 shares of the business’s stock in a transaction dated Thursday, February 15th. The stock was sold at an average price of $5.43, for a total transaction of $333,749.52. Following the completion of the sale, the insider now owns 870,832 shares in the company, valued at approximately $4,728,617.76. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Scott H. Galit sold 340,120 shares of the company’s stock in a transaction that occurred on Tuesday, March 12th. The stock was sold at an average price of $4.51, for a total value of $1,533,941.20. Following the completion of the transaction, the director now owns 3,127,981 shares of the company’s stock, valued at approximately $14,107,194.31. The disclosure for this sale can be found here. In the last quarter, insiders sold 1,228,282 shares of company stock worth $5,849,600. 5.57% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On Payoneer Global

A number of institutional investors have recently made changes to their positions in PAYO. Wellington Management Group LLP raised its position in shares of Payoneer Global by 68.4% in the 4th quarter. Wellington Management Group LLP now owns 7,784,978 shares of the company’s stock valued at $40,014,000 after purchasing an additional 3,161,509 shares in the last quarter. Jacobs Levy Equity Management Inc. increased its position in Payoneer Global by 85.1% in the third quarter. Jacobs Levy Equity Management Inc. now owns 2,979,701 shares of the company’s stock worth $18,236,000 after buying an additional 1,370,007 shares during the period. Vanguard Group Inc. increased its position in Payoneer Global by 4.4% in the third quarter. Vanguard Group Inc. now owns 27,791,663 shares of the company’s stock worth $170,085,000 after buying an additional 1,166,894 shares during the period. Hillsdale Investment Management Inc. increased its position in Payoneer Global by 69,768.4% in the fourth quarter. Hillsdale Investment Management Inc. now owns 663,750 shares of the company’s stock worth $3,458,000 after buying an additional 662,800 shares during the period. Finally, Hsbc Holdings PLC acquired a new stake in Payoneer Global in the fourth quarter worth $2,201,000. 82.22% of the stock is owned by institutional investors and hedge funds.

Payoneer Global Price Performance

Shares of NASDAQ PAYO opened at $5.87 on Friday. The firm has a market capitalization of $2.16 billion, a P/E ratio of 24.46 and a beta of 0.77. Payoneer Global has a one year low of $4.02 and a one year high of $6.48. The company’s fifty day moving average is $4.84 and its two-hundred day moving average is $5.07. The company has a debt-to-equity ratio of 0.03, a quick ratio of 1.09 and a current ratio of 1.09.

Payoneer Global (NASDAQ:PAYO) last released its quarterly earnings results on Wednesday, May 8th. The company reported $0.08 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.05 by $0.03. The business had revenue of $228.20 million during the quarter, compared to the consensus estimate of $211.63 million. Payoneer Global had a return on equity of 14.80% and a net margin of 11.23%. The business’s revenue was up 18.9% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.02 EPS. Analysts forecast that Payoneer Global will post 0.2 EPS for the current fiscal year.

Payoneer Global Company Profile

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.