Payoneer Global (NASDAQ:PAYO) Raised to Hold at Wall Street Zen

Payoneer Global (NASDAQ:PAYO) was upgraded by equities research analysts at Wall Street Zen from a “sell” rating to a “hold” rating in a note issued to investors on Sunday.

PAYO has been the topic of several other reports. Keefe, Bruyette & Woods decreased their price target on shares of Payoneer Global from $7.50 to $7.00 and set an “outperform” rating on the stock in a research note on Friday, February 27th. Needham & Company LLC dropped their target price on shares of Payoneer Global from $10.00 to $8.00 and set a “buy” rating for the company in a research report on Thursday, February 26th. Weiss Ratings restated a “hold (c)” rating on shares of Payoneer Global in a research report on Thursday, January 22nd. Finally, Benchmark decreased their price objective on Payoneer Global from $10.00 to $7.00 and set a “buy” rating for the company in a research note on Friday, March 6th. Seven investment analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $8.00.

Payoneer Global Trading Up 1.1%

NASDAQ PAYO opened at $4.59 on Friday. Payoneer Global has a 1-year low of $4.08 and a 1-year high of $7.97. The company has a 50 day moving average of $5.39 and a 200-day moving average of $5.77. The firm has a market cap of $1.64 billion, a price-to-earnings ratio of 24.16, a PEG ratio of 0.55 and a beta of 1.10.

Payoneer Global (NASDAQ:PAYO) last announced its 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). Payoneer Global had a return on equity of 10.89% and a net margin of 6.95%.The business had revenue of $274.69 million during the quarter, compared to analyst estimates of $282.79 million. During the same period in the previous year, the firm earned $0.05 earnings per share. The firm’s revenue was up 5.0% compared to the same quarter last year. On average, analysts forecast that Payoneer Global will post 0.34 earnings per share for the current year.

Institutional Investors Weigh In On Payoneer Global

Large investors have recently made changes to their positions in the stock. Bank of Montreal Can increased its holdings in Payoneer Global by 4.4% during the 2nd quarter. Bank of Montreal Can now owns 40,713 shares of the company’s stock worth $279,000 after purchasing an additional 1,710 shares in the last quarter. Nisa Investment Advisors LLC boosted its stake in shares of Payoneer Global by 4.1% during the 3rd quarter. Nisa Investment Advisors LLC now owns 49,815 shares of the company’s stock worth $301,000 after buying an additional 1,949 shares during the last quarter. Van ECK Associates Corp grew its holdings in shares of Payoneer Global by 2.4% in the 4th quarter. Van ECK Associates Corp now owns 84,678 shares of the company’s stock valued at $476,000 after acquiring an additional 1,977 shares in the last quarter. Susquehanna International Group LLP increased its position in shares of Payoneer Global by 9.5% in the third quarter. Susquehanna International Group LLP now owns 24,637 shares of the company’s stock valued at $149,000 after acquiring an additional 2,144 shares during the last quarter. Finally, ProShare Advisors LLC raised its holdings in Payoneer Global by 4.1% during the fourth quarter. ProShare Advisors LLC now owns 54,909 shares of the company’s stock worth $309,000 after acquiring an additional 2,145 shares in the last quarter. Institutional investors own 82.22% of the company’s stock.

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.