Payoneer Global Inc. (NASDAQ:PAYO) Receives $7.57 Average PT from Analysts

Payoneer Global Inc. (NASDAQ:PAYO) has earned a consensus rating of “Moderate Buy” from the eight brokerages that are covering the company, MarketBeat Ratings reports. One research analyst has rated the stock with a hold rating and seven have given a buy rating to the company. The average 1-year target price among brokers that have issued ratings on the stock in the last year is $7.5714.

A number of research firms have weighed in on PAYO. Weiss Ratings reissued a “hold (c)” rating on shares of Payoneer Global in a research note on Thursday, January 22nd. Wall Street Zen lowered Payoneer Global from a “hold” rating to a “sell” rating in a research note on Saturday, March 28th. Benchmark lowered their price objective on Payoneer Global from $10.00 to $7.00 and set a “buy” rating on the stock in a research note on Friday, March 6th. Bank of America began coverage on Payoneer Global in a research note on Wednesday, March 25th. They set a “buy” rating and a $6.00 price objective on the stock. Finally, Keefe, Bruyette & Woods lowered 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.

Hedge Funds Weigh In On Payoneer Global

A number of institutional investors and hedge funds have recently added to or reduced their stakes in PAYO. Royal Bank of Canada boosted its stake in Payoneer Global by 299.7% during the first quarter. Royal Bank of Canada now owns 158,997 shares of the company’s stock worth $1,162,000 after buying an additional 119,219 shares during the last quarter. AQR Capital Management LLC boosted its stake in Payoneer Global by 8.8% during the first quarter. AQR Capital Management LLC now owns 291,908 shares of the company’s stock worth $2,134,000 after buying an additional 23,533 shares during the last quarter. Caxton Associates LLP acquired a new position in Payoneer Global during the first quarter worth $172,000. United Services Automobile Association acquired a new position in shares of Payoneer Global in the 1st quarter valued at $126,000. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC lifted its stake in shares of Payoneer Global by 5.9% in the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 757,827 shares of the company’s stock valued at $5,540,000 after purchasing an additional 41,970 shares during the last quarter. Institutional investors and hedge funds own 82.22% of the company’s stock.

Payoneer Global Price Performance

Shares of NASDAQ:PAYO opened at $4.81 on Friday. The business’s 50 day moving average price is $5.13 and its 200-day moving average price is $5.55. The firm has a market capitalization of $1.66 billion, a PE ratio of 25.32, a P/E/G ratio of 0.62 and a beta of 1.03. 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 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.06 by ($0.01). The firm had revenue of $274.69 million during the quarter, compared to analyst estimates 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 was up 5.0% on a year-over-year basis. During the same period in the prior year, the firm earned $0.05 earnings per share. As a group, analysts expect that Payoneer Global will post 0.34 earnings per share for the current year.

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.