Payoneer Global (NASDAQ:PAYO) Price Target Raised to $12.00 at Keefe, Bruyette & Woods

Payoneer Global (NASDAQ:PAYO) had its price target lifted by investment analysts at Keefe, Bruyette & Woods from $9.00 to $12.00 in a report issued on Wednesday,Benzinga reports. The brokerage currently has an “outperform” rating on the stock. Keefe, Bruyette & Woods’ price target would indicate a potential upside of 12.36% from the stock’s previous close.

A number of other equities analysts have also recently weighed in on PAYO. Northland Securities upped their price target on Payoneer Global from $9.00 to $10.00 and gave the stock an “outperform” rating in a report on Tuesday, September 10th. Needham & Company LLC upped their price target on Payoneer Global from $10.00 to $14.00 and gave the stock a “buy” rating in a report on Wednesday. Benchmark increased their target price on Payoneer Global from $10.00 to $12.00 and gave the company a “buy” rating in a research note on Wednesday. Citigroup increased their target price on Payoneer Global from $7.00 to $8.50 and gave the company a “buy” rating in a research note on Monday, August 12th. Finally, Cantor Fitzgerald upgraded Payoneer Global to a “strong-buy” rating in a research note on Monday, August 12th. Six equities research analysts have rated the stock with a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Buy” and a consensus target price of $10.79.

Payoneer Global Stock Performance

Shares of NASDAQ:PAYO opened at $10.68 on Wednesday. Payoneer Global has a 1 year low of $4.22 and a 1 year high of $10.74. The stock has a market capitalization of $4.08 billion, a P/E ratio of 30.51 and a beta of 0.82. The stock has a 50-day simple moving average of $7.95 and a 200-day simple moving average of $6.55.

Payoneer Global (NASDAQ:PAYO) last issued its earnings results on Tuesday, November 5th. The company reported $0.11 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.04 by $0.07. The business had revenue of $248.30 million during the quarter, compared to analysts’ expectations of $225.44 million. Payoneer Global had a return on equity of 15.28% and a net margin of 11.25%. The company’s revenue for the quarter was up 19.4% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.05 EPS. Analysts predict that Payoneer Global will post 0.25 earnings per share for the current year.

Insider Activity at Payoneer Global

In other Payoneer Global news, Director Scott H. Galit sold 150,000 shares of the stock in a transaction on Wednesday, August 28th. The stock was sold at an average price of $7.07, for a total value of $1,060,500.00. Following the sale, the director now directly owns 1,809,674 shares of the company’s stock, valued at $12,794,395.18. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. In other news, Director Scott H. Galit sold 150,000 shares of the firm’s stock in a transaction on Wednesday, August 28th. The stock was sold at an average price of $7.07, for a total transaction of $1,060,500.00. Following the transaction, the director now directly owns 1,809,674 shares of the company’s stock, valued at approximately $12,794,395.18. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CAO Itai Perry sold 4,100 shares of the firm’s stock in a transaction on Tuesday, October 15th. The shares were sold at an average price of $8.00, for a total value of $32,800.00. Following the transaction, the chief accounting officer now directly owns 228,738 shares in the company, valued at $1,829,904. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 158,000 shares of company stock valued at $1,124,500. Corporate insiders own 5.57% of the company’s stock.

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the business. AXA S.A. boosted its position in shares of Payoneer Global by 1,394.5% in the 2nd quarter. AXA S.A. now owns 14,176,485 shares of the company’s stock valued at $78,538,000 after purchasing an additional 13,227,884 shares during the period. Legion Partners Asset Management LLC purchased a new stake in Payoneer Global in the 2nd quarter worth about $12,360,000. American Century Companies Inc. raised its stake in shares of Payoneer Global by 241.5% during the 2nd quarter. American Century Companies Inc. now owns 1,643,744 shares of the company’s stock worth $9,106,000 after purchasing an additional 1,162,481 shares in the last quarter. Shell Asset Management Co. purchased a new stake in shares of Payoneer Global during the 1st quarter worth about $5,360,000. Finally, Millennium Management LLC raised its stake in shares of Payoneer Global by 17.3% during the 2nd quarter. Millennium Management LLC now owns 6,764,016 shares of the company’s stock worth $37,473,000 after purchasing an additional 995,366 shares in the last quarter. 82.22% of the stock is owned by institutional investors and hedge funds.

About Payoneer Global

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.