Payoneer Global Inc. (NASDAQ:PAYO) Receives Consensus Rating of “Moderate Buy” from Analysts

Payoneer Global Inc. (NASDAQ:PAYO) has been given a consensus recommendation of “Moderate Buy” by the eight analysts that are presently covering the stock, Marketbeat reports. One analyst has rated the stock with a hold recommendation and seven have assigned a buy recommendation to the company. The average twelve-month target price among brokerages that have updated their coverage on the stock in the last year is $9.00.

Several equities research analysts recently issued reports on PAYO shares. Wall Street Zen raised shares of Payoneer Global from a “sell” rating to a “hold” rating in a report on Saturday, November 8th. Needham & Company LLC reaffirmed a “buy” rating and set a $10.00 target price on shares of Payoneer Global in a research note on Monday, October 6th. Weiss Ratings reiterated a “hold (c)” rating on shares of Payoneer Global in a report on Thursday. Jefferies Financial Group set a $7.00 price objective on Payoneer Global in a report on Wednesday, November 5th. Finally, Benchmark reduced their price objective on Payoneer Global from $12.00 to $10.00 and set a “buy” rating on the stock in a research report on Tuesday, December 23rd.

Payoneer Global Stock Performance

Shares of PAYO opened at $6.09 on Tuesday. Payoneer Global has a 52-week low of $4.91 and a 52-week high of $11.19. The firm has a market cap of $2.17 billion, a price-to-earnings ratio of 32.05, a PEG ratio of 5.91 and a beta of 1.00. The business’s fifty day moving average is $5.64 and its 200-day moving average is $6.12.

Payoneer Global (NASDAQ:PAYO) last released its quarterly earnings data on Wednesday, November 5th. The company reported $0.04 earnings per share for the quarter, missing the consensus estimate of $0.06 by ($0.02). Payoneer Global had a net margin of 6.96% and a return on equity of 10.71%. The business had revenue of $270.85 million during the quarter, compared to analyst estimates of $262.66 million. During the same period last year, the business earned $0.11 earnings per share. The business’s quarterly revenue was up 9.1% compared to the same quarter last year. As a group, research analysts forecast that Payoneer Global will post 0.34 EPS for the current fiscal year.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in PAYO. Osaic Holdings Inc. increased its position in Payoneer Global by 246.5% in the 2nd quarter. Osaic Holdings Inc. now owns 4,636 shares of the company’s stock valued at $33,000 after acquiring an additional 3,298 shares during the period. CWM LLC raised its position in Payoneer Global by 178.6% during the 4th quarter. CWM LLC now owns 9,384 shares of the company’s stock worth $53,000 after purchasing an additional 6,016 shares during the last quarter. Journey Strategic Wealth LLC acquired a new position in Payoneer Global during the 2nd quarter worth about $71,000. Quarry LP grew its position in shares of Payoneer Global by 9,273.2% in the 3rd quarter. Quarry LP now owns 10,498 shares of the company’s stock valued at $64,000 after buying an additional 10,386 shares during the last quarter. Finally, Marex Group plc bought a new stake in shares of Payoneer Global in the 2nd quarter valued at about $72,000. Institutional investors 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.