Recent Investment Analysts’ Ratings Updates for Payoneer Global (PAYO)

Payoneer Global (NASDAQ: PAYO) has recently received a number of price target changes and ratings updates:

• 11/6/2024 – Payoneer Global had its price target raised by analysts at Keefe, Bruyette & Woods from $9.00 to $12.00. They now have an “outperform” rating on the stock.
• 11/6/2024 – Payoneer Global had its price target raised by analysts at The Goldman Sachs Group, Inc. from $9.00 to $12.00. They now have a “buy” rating on the stock.
• 11/6/2024 – Payoneer Global had its price target raised by analysts at Benchmark Co. from $10.00 to $12.00. They now have a “buy” rating on the stock.
• 11/6/2024 – Payoneer Global had its price target raised by analysts at Needham & Company LLC from $10.00 to $14.00. They now have a “buy” rating on the stock.
• 10/22/2024 – Payoneer Global had its price target raised by analysts at Benchmark Co. from $9.00 to $10.00. They now have a “buy” rating on the stock.
• 10/14/2024 – Payoneer Global had its price target raised by analysts at The Goldman Sachs Group, Inc. from $8.00 to $9.00. They now have a “buy” rating on the stock.
• 10/7/2024 – Payoneer Global had its price target raised by analysts at Needham & Company LLC from $9.00 to $10.00. They now have a “buy” rating on the stock.

Payoneer Global Stock Performance

PAYO stock traded down $0.06 during trading on Thursday, reaching $10.26. 752,187 shares of the company traded hands, compared to its average volume of 2,726,080. Payoneer Global Inc. has a 12 month low of $4.22 and a 12 month high of $10.90. The business has a 50 day simple moving average of $8.21 and a 200 day simple moving average of $6.71. The company has a market capitalization of $3.92 billion, a price-to-earnings ratio of 29.32 and a beta of 0.82.

Payoneer Global (NASDAQ:PAYO) last issued its quarterly earnings data on Tuesday, November 5th. The company reported $0.11 earnings per share for the quarter, beating analysts’ consensus estimates of $0.04 by $0.07. Payoneer Global had a return on equity of 17.78% and a net margin of 13.82%. The company had revenue of $248.30 million for the quarter, compared to the consensus estimate of $225.44 million. During the same quarter last year, the company earned $0.05 earnings per share. The firm’s revenue for the quarter was up 19.4% compared to the same quarter last year. As a group, research analysts forecast that Payoneer Global Inc. will post 0.32 EPS for the current year.

Insider Buying and Selling at Payoneer Global

In other news, Director Scott H. Galit sold 150,000 shares of the firm’s stock in a transaction dated 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 completion of the transaction, the director now directly owns 1,809,674 shares in the company, 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 document filed with the SEC, which is available through the SEC website. In related news, Director Scott H. Galit sold 150,000 shares of the firm’s stock in a transaction dated 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 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 transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Crossover Managemen Technology sold 7,500,000 shares of the firm’s stock in a transaction dated Monday, November 11th. The stock was sold at an average price of $10.32, for a total value of $77,400,000.00. Following the sale, the insider now directly owns 34,197,116 shares in the company, valued at approximately $352,914,237.12. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 7,658,000 shares of company stock worth $78,524,500. 5.57% of the stock is owned by insiders.

Institutional Trading of Payoneer Global

Institutional investors have recently bought and sold shares of the business. FMR LLC boosted its stake in shares of Payoneer Global by 17.2% in the third quarter. FMR LLC now owns 1,129,312 shares of the company’s stock worth $8,504,000 after acquiring an additional 165,913 shares during the last quarter. The Manufacturers Life Insurance Company lifted its position in Payoneer Global by 1.2% during the third quarter. The Manufacturers Life Insurance Company now owns 165,996 shares of the company’s stock worth $1,250,000 after buying an additional 1,907 shares in the last quarter. Charles Schwab Investment Management Inc. lifted its position in Payoneer Global by 3.0% during the third quarter. Charles Schwab Investment Management Inc. now owns 2,337,156 shares of the company’s stock worth $17,599,000 after buying an additional 67,255 shares in the last quarter. Intech Investment Management LLC purchased a new position in Payoneer Global during the third quarter worth approximately $458,000. Finally, Quest Partners LLC purchased a new position in Payoneer Global during the third quarter worth approximately $415,000. 82.22% of the stock is owned by institutional investors and hedge funds.

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.