Payoneer Global Inc. (NASDAQ:PAYO) Receives $7.40 Average Target Price from Brokerages

Payoneer Global Inc. (NASDAQ:PAYO) has received a consensus rating of “Hold” from the nine brokerages that are presently covering the firm, MarketBeat Ratings reports. Seven equities research analysts have rated the stock with a hold recommendation and two have issued a buy recommendation on the company. The average 1-year price objective among brokers that have updated their coverage on the stock in the last year is $7.40.

PAYO has been the topic of a number of research reports. Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating and issued a $7.40 price target on shares of Payoneer Global in a report on Tuesday, June 16th. William Blair lowered Payoneer Global from an “outperform” rating to a “hold” rating in a report on Monday, June 15th. Northland Securities set a $7.40 target price on Payoneer Global in a research report on Monday, June 15th. Bank of America began coverage on Payoneer Global in a research note on Wednesday, March 25th. They issued a “buy” rating and a $6.00 target price on the stock. Finally, Keefe, Bruyette & Woods cut Payoneer Global from a “moderate buy” rating to a “hold” rating in a research report on Monday, June 15th.

Insiders Place Their Bets

In related news, CFO Beatrice Ordonez sold 25,000 shares of the business’s stock in a transaction dated Monday, June 15th. The stock was sold at an average price of $7.01, for a total value of $175,250.00. Following the sale, the chief financial officer directly owned 2,887,266 shares in the company, valued at approximately $20,239,734.66. The trade was a 0.86% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Company insiders own 2.06% of the company’s stock.

Hedge Funds Weigh In On Payoneer Global

Several large investors have recently modified their holdings of the business. Hsbc Holdings PLC increased its position in shares of Payoneer Global by 372.8% during the fourth quarter. Hsbc Holdings PLC now owns 603,407 shares of the company’s stock valued at $3,400,000 after buying an additional 475,776 shares during the period. JPMorgan Chase & Co. boosted its position in shares of Payoneer Global by 128.5% in the third quarter. JPMorgan Chase & Co. now owns 638,225 shares of the company’s stock valued at $3,861,000 after acquiring an additional 358,922 shares during the period. Isthmus Partners LLC grew its stake in Payoneer Global by 87.0% during the first quarter. Isthmus Partners LLC now owns 545,096 shares of the company’s stock valued at $2,633,000 after acquiring an additional 253,625 shares in the last quarter. Tudor Investment Corp ET AL grew its stake 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 in the last quarter. Finally, OP Asset Management Ltd bought a new stake in Payoneer Global during the 1st quarter worth approximately $1,498,000. Hedge funds and other institutional investors own 82.22% of the company’s stock.

Payoneer Global Stock Performance

PAYO opened at $7.13 on Tuesday. Payoneer Global has a fifty-two week low of $4.08 and a fifty-two week high of $7.66. The firm has a 50-day moving average of $6.22 and a 200 day moving average of $5.56. The firm has a market cap of $2.39 billion, a P/E ratio of 35.65, a PEG ratio of 0.76 and a beta of 0.95.

Payoneer Global (NASDAQ:PAYO) last announced its quarterly earnings data on Thursday, May 7th. The company reported $0.06 EPS for the quarter, topping the consensus estimate of $0.04 by $0.02. The business had revenue of $261.60 million for the quarter, compared to analyst estimates of $255.12 million. Payoneer Global had a net margin of 6.76% and a return on equity of 11.10%. During the same quarter in the previous year, the firm posted $0.05 earnings per share. The company’s revenue for the quarter was up 6.1% on a year-over-year basis. Equities research analysts predict that Payoneer Global will post 0.27 earnings per share for the current fiscal year.

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.