Payoneer Global Inc. (NASDAQ:PAYO) Stock Has Consensus Price Target of $7.40

Payoneer Global Inc. (NASDAQ:PAYO) has earned a consensus recommendation of “Hold” from the nine brokerages that are presently covering the stock, Marketbeat.com reports. Eight research analysts have rated the stock with a hold recommendation and one has assigned a buy recommendation to the company. The average 12 month price target among brokers that have issued ratings on the stock in the last year is $7.40.

PAYO has been the subject of a number of analyst reports. Keefe, Bruyette & Woods cut Payoneer Global from a “moderate buy” rating to a “hold” rating in a report on Monday, June 15th. William Blair lowered shares of Payoneer Global from an “outperform” rating to a “hold” rating in a research note on Monday, June 15th. Benchmark downgraded shares of Payoneer Global from a “buy” rating to a “hold” rating in a research note on Thursday, June 18th. Northland Securities set a $7.40 target price on shares of Payoneer Global in a research note on Monday, June 15th. Finally, Deutsche Bank Aktiengesellschaft lowered shares of Payoneer Global from a “buy” rating to a “hold” rating in a report on Friday, August 7th.

Institutional Trading of Payoneer Global

Large investors have recently modified their holdings of the business. Leonteq Securities AG lifted its stake in shares of Payoneer Global by 72.0% in the first quarter. Leonteq Securities AG now owns 6,496 shares of the company’s stock worth $31,000 after acquiring an additional 2,720 shares in the last quarter. Nykredit A S purchased a new position in Payoneer Global in the second quarter valued at about $39,000. GAMMA Investing LLC grew its stake in Payoneer Global by 73.8% during the 2nd quarter. GAMMA Investing LLC now owns 5,777 shares of the company’s stock valued at $41,000 after purchasing an additional 2,453 shares in the last quarter. Resonant Capital Advisors LLC purchased a new stake in Payoneer Global during the 1st quarter worth approximately $49,000. Finally, State of Wyoming purchased a new stake in Payoneer Global during the 1st quarter worth approximately $57,000. 82.22% of the stock is currently owned by institutional investors and hedge funds.

Payoneer Global Price Performance

NASDAQ:PAYO opened at $7.15 on Friday. The business’s 50-day moving average is $7.13 and its two-hundred day moving average is $6.20. The firm has a market capitalization of $2.42 billion, a PE ratio of 51.08, a price-to-earnings-growth ratio of 1.83 and a beta of 0.88. Payoneer Global has a 12 month low of $4.08 and a 12 month high of $7.19.

Payoneer Global (NASDAQ:PAYO) last issued its earnings results on Thursday, August 6th. The company reported ($0.01) earnings per share for the quarter, missing the consensus estimate of $0.06 by ($0.07). The company had revenue of $274.26 million during the quarter, compared to analysts’ expectations of $270.98 million. Payoneer Global had a return on equity of 9.97% and a net margin of 4.65%.Payoneer Global’s quarterly revenue was up 5.2% on a year-over-year basis. During the same period in the previous year, the company earned $0.05 EPS. Equities analysts anticipate that Payoneer Global will post 0.16 EPS for the current year.

About Payoneer Global

Payoneer Global Inc (NASDAQ: PAYO) is a financial technology company that provides digital commerce and cross-border payment services. Its platform enables businesses, freelancers, marketplaces and other organizations to send, receive and manage funds across international markets.

Payoneer’s services include multi-currency receiving accounts, cross-border payments, mass payouts and business payment solutions. The company also offers tools designed to help customers manage invoices, access funds, make payments to suppliers and contractors, and conduct other day-to-day financial activities through a unified digital platform.

Payoneer serves small and medium-sized businesses, online sellers, freelance professionals, creators and companies participating in global marketplaces.