Analysts Set Payoneer Global Inc. (NASDAQ:PAYO) Target Price at $9.00

Shares of Payoneer Global Inc. (NASDAQ:PAYO) have been given a consensus recommendation of “Moderate Buy” by the nine analysts that are presently covering the stock, Marketbeat.com reports. Two equities research analysts have rated the stock with a hold recommendation and seven have given a buy recommendation to the company. The average twelve-month price target among brokerages that have issued ratings on the stock in the last year is $9.00.

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

Payoneer Global Price Performance

NASDAQ:PAYO opened at $5.71 on Friday. Payoneer Global has a 1-year low of $4.91 and a 1-year high of $11.19. The company has a market capitalization of $2.04 billion, a PE ratio of 30.05, a P/E/G ratio of 7.73 and a beta of 1.00. The firm’s 50-day moving average price is $5.73 and its 200-day moving average price is $6.30.

Payoneer Global (NASDAQ:PAYO) last posted its quarterly earnings data on Wednesday, November 5th. The company reported $0.04 EPS for the quarter, missing the consensus estimate of $0.06 by ($0.02). Payoneer Global had a return on equity of 10.71% and a net margin of 6.96%.The business had revenue of $270.85 million for the quarter, compared to the consensus estimate of $262.66 million. During the same period in the previous year, the firm earned $0.11 EPS. The company’s revenue was up 9.1% on a year-over-year basis. Equities analysts anticipate that Payoneer Global will post 0.34 EPS for the current fiscal year.

Hedge Funds Weigh In On Payoneer Global

Institutional investors and hedge funds have recently modified their holdings of the company. Tudor Investment Corp ET AL increased its position in Payoneer Global by 15.8% during the third quarter. Tudor Investment Corp ET AL now owns 1,065,357 shares of the company’s stock valued at $6,445,000 after acquiring an additional 145,084 shares during the last quarter. Swiss Life Asset Management Ltd purchased a new stake in Payoneer Global during the third quarter valued at approximately $80,000. CIBC Bancorp USA Inc. purchased a new position in shares of Payoneer Global during the 3rd quarter worth $180,000. PharVision Advisers LLC purchased a new stake in shares of Payoneer Global in the 3rd quarter worth $332,000. Finally, XTX Topco Ltd lifted its position in Payoneer Global by 86.0% during the third quarter. XTX Topco Ltd now owns 93,101 shares of the company’s stock valued at $563,000 after purchasing an additional 43,050 shares in the last quarter. 82.22% of the stock is currently owned by hedge funds and other institutional investors.

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.