Payoneer Global (NASDAQ:PAYO) Earns Market Perform Rating from William Blair

Payoneer Global (NASDAQ:PAYO)‘s stock had its “market perform” rating reissued by research analysts at William Blair in a report issued on Monday,Benzinga reports.

Several other brokerages have also recently issued reports on PAYO. Northland Securities set a $7.40 target price on shares of Payoneer Global in a report on Monday. Benchmark reiterated a “buy” rating and set a $9.00 price objective on shares of Payoneer Global in a research note on Wednesday, June 10th. Weiss Ratings raised Payoneer Global from a “sell (d+)” rating to a “hold (c-)” rating in a report on Thursday. Bank of America initiated coverage on Payoneer Global in a research note on Wednesday, March 25th. They issued a “buy” rating and a $6.00 target price on the stock. Finally, Wall Street Zen upgraded Payoneer Global from a “sell” rating to a “hold” rating in a research report on Saturday, May 2nd. Four analysts have rated the stock with a Buy rating and three have given a Hold rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $7.49.

Payoneer Global Stock Performance

NASDAQ PAYO traded up $0.28 during trading hours on Monday, reaching $7.03. The stock had a trading volume of 78,581,906 shares, compared to its average volume of 5,450,526. Payoneer Global has a 52-week low of $4.08 and a 52-week high of $7.66. The stock has a fifty day moving average of $5.13 and a 200 day moving average of $5.32. The stock has a market cap of $2.35 billion, a P/E ratio of 35.15, a price-to-earnings-growth ratio of 0.72 and a beta of 1.02.

Payoneer Global (NASDAQ:PAYO) last posted its quarterly earnings results on Thursday, May 7th. The company reported $0.06 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.04 by $0.02. Payoneer Global had a net margin of 6.76% and a return on equity of 11.10%. The company had revenue of $261.60 million during the quarter, compared to analyst estimates of $255.12 million. During the same period last year, the firm posted $0.05 EPS. Payoneer Global’s revenue for the quarter was up 6.1% compared to the same quarter last year. On average, equities research analysts forecast that Payoneer Global will post 0.27 EPS for the current year.

Hedge Funds Weigh In On Payoneer Global

A number of large investors have recently bought and sold shares of the business. Leonteq Securities AG grew its holdings in Payoneer Global by 72.0% in the first quarter. Leonteq Securities AG now owns 6,496 shares of the company’s stock valued at $31,000 after purchasing an additional 2,720 shares during the period. Osaic Holdings Inc. lifted its position in shares of Payoneer Global by 246.5% during the 2nd quarter. Osaic Holdings Inc. now owns 4,636 shares of the company’s stock valued at $33,000 after buying an additional 3,298 shares in the last quarter. Resonant Capital Advisors LLC acquired a new stake in Payoneer Global in the 1st quarter valued at $49,000. CWM LLC increased its holdings in Payoneer Global by 178.6% in the 4th quarter. CWM LLC now owns 9,384 shares of the company’s stock worth $53,000 after acquiring an additional 6,016 shares in the last quarter. Finally, State of Wyoming purchased a new stake in Payoneer Global in the 1st quarter worth $57,000. Institutional investors and hedge funds 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.