Shares of Payoneer Global Inc. (NASDAQ:PAYO – Get Free Report) have been assigned a consensus recommendation of “Buy” from the six analysts that are covering the company, Marketbeat reports. Five research analysts have rated the stock with a buy rating and one has issued a strong buy rating on the company. The average twelve-month price target among brokers that have updated their coverage on the stock in the last year is $8.25.
A number of equities analysts recently weighed in on PAYO shares. The Goldman Sachs Group lifted their price target on Payoneer Global from $6.50 to $8.00 and gave the stock a “buy” rating in a research note on Thursday, August 8th. Needham & Company LLC increased their target price on Payoneer Global from $8.00 to $9.00 and gave the company a “buy” rating in a report on Thursday, August 8th. Benchmark reiterated a “buy” rating and set a $9.00 price target on shares of Payoneer Global in a report on Thursday, August 8th. Keefe, Bruyette & Woods increased their price objective on Payoneer Global from $7.00 to $8.00 and gave the stock an “outperform” rating in a research note on Thursday, August 8th. Finally, Cantor Fitzgerald raised Payoneer Global to a “strong-buy” rating in a research note on Monday, August 12th.
View Our Latest Stock Report on PAYO
Insider Buying and Selling
Institutional Trading of Payoneer Global
Several large investors have recently modified their holdings of the company. Louisiana State Employees Retirement System acquired a new position in Payoneer Global during the 4th quarter worth $679,000. Zurcher Kantonalbank Zurich Cantonalbank grew its holdings in shares of Payoneer Global by 23.7% during the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 64,796 shares of the company’s stock worth $338,000 after purchasing an additional 12,403 shares in the last quarter. Federated Hermes Inc. bought a new stake in shares of Payoneer Global during the fourth quarter valued at approximately $29,000. Handelsbanken Fonder AB increased its holdings in Payoneer Global by 76.4% in the 4th quarter. Handelsbanken Fonder AB now owns 38,100 shares of the company’s stock valued at $199,000 after buying an additional 16,500 shares during the period. Finally, Illinois Municipal Retirement Fund raised its position in Payoneer Global by 33.3% in the fourth quarter. Illinois Municipal Retirement Fund now owns 157,523 shares of the company’s stock worth $821,000 after purchasing an additional 39,322 shares in the last quarter. 82.22% of the stock is owned by institutional investors.
Payoneer Global Stock Performance
Shares of PAYO opened at $7.14 on Tuesday. Payoneer Global has a 12-month low of $4.22 and a 12-month high of $7.21. The stock has a market capitalization of $2.67 billion, a P/E ratio of 23.80 and a beta of 0.82. The firm’s 50 day moving average is $5.73 and its 200-day moving average is $5.36. The company has a debt-to-equity ratio of 0.02, a current ratio of 1.09 and a quick ratio of 1.09.
Payoneer Global (NASDAQ:PAYO – Get Free Report) last posted its quarterly earnings results on Wednesday, August 7th. The company reported $0.09 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.06 by $0.03. Payoneer Global had a return on equity of 17.56% and a net margin of 13.19%. The company had revenue of $239.50 million for the quarter, compared to analysts’ expectations of $223.12 million. During the same quarter in the prior year, the company earned $0.12 earnings per share. The firm’s revenue was up 15.9% on a year-over-year basis. Equities research analysts anticipate that Payoneer Global will post 0.23 EPS for the current fiscal year.
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.
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