Payoneer Global (NASDAQ:PAYO) Receives New Coverage from Analysts at Benchmark

Analysts at Benchmark began coverage on shares of Payoneer Global (NASDAQ:PAYOGet Free Report) in a research report issued on Tuesday, Briefing.com reports. The firm set a “buy” rating and a $7.00 price target on the stock. Benchmark’s price objective would suggest a potential upside of 35.92% from the stock’s previous close.

Other research analysts have also issued reports about the company. TheStreet upgraded Payoneer Global from a “d” rating to a “c” rating in a report on Wednesday, November 1st. Needham & Company LLC reiterated a “buy” rating and set a $8.00 price target on shares of Payoneer Global in a report on Tuesday, December 19th. Finally, The Goldman Sachs Group cut their price target on Payoneer Global from $7.00 to $6.00 and set a “buy” rating for the company in a report on Thursday, January 11th. Seven analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, the stock has a consensus rating of “Buy” and an average target price of $7.57.

Get Our Latest Analysis on PAYO

Payoneer Global Stock Up 2.4 %

PAYO opened at $5.15 on Tuesday. The business has a 50 day moving average price of $4.96 and a 200 day moving average price of $5.49. Payoneer Global has a twelve month low of $4.02 and a twelve month high of $7.05. The company has a debt-to-equity ratio of 0.02, a quick ratio of 1.10 and a current ratio of 1.10. The firm has a market cap of $1.86 billion, a P/E ratio of 36.79 and a beta of 0.80.

Insider Activity at Payoneer Global

In other Payoneer Global news, Director Scott H. Galit sold 12,447 shares of the company’s stock in a transaction on Tuesday, February 6th. The stock was sold at an average price of $4.88, for a total value of $60,741.36. Following the sale, the director now directly owns 3,190,571 shares in the company, valued at $15,569,986.48. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. In other Payoneer Global news, COO Arnon Kraft sold 39,723 shares of the company’s stock in a transaction on Tuesday, December 12th. The stock was sold at an average price of $5.32, for a total value of $211,326.36. Following the sale, the chief operating officer now directly owns 729,371 shares in the company, valued at $3,880,253.72. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Scott H. Galit sold 12,447 shares of the stock in a transaction on Tuesday, February 6th. The stock was sold at an average price of $4.88, for a total value of $60,741.36. Following the sale, the director now owns 3,190,571 shares in the company, valued at approximately $15,569,986.48. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 92,467 shares of company stock worth $482,754. 5.57% of the stock is owned by corporate insiders.

Institutional Trading of Payoneer Global

Large investors have recently made changes to their positions in the business. PNC Financial Services Group Inc. bought a new position in Payoneer Global in the fourth quarter valued at about $27,000. Federated Hermes Inc. acquired a new position in Payoneer Global in the fourth quarter valued at about $29,000. Osaic Holdings Inc. lifted its stake in Payoneer Global by 91.7% in the second quarter. Osaic Holdings Inc. now owns 5,919 shares of the company’s stock valued at $28,000 after buying an additional 2,831 shares during the period. C M Bidwell & Associates Ltd. acquired a new position in Payoneer Global in the third quarter valued at about $39,000. Finally, Tower Research Capital LLC TRC lifted its stake in Payoneer Global by 63.3% in the third quarter. Tower Research Capital LLC TRC now owns 6,452 shares of the company’s stock valued at $39,000 after buying an additional 2,501 shares during the period. Institutional investors own 82.92% of the company’s stock.

Payoneer Global Company Profile

(Get Free Report)

Payoneer Global Inc operates a payment and commerce-enabling platform worldwide. It delivers a suite of services that includes cross-border payments, B2B accounts payable/accounts receivable, multi-currency account, physical and virtual Mastercard cards, working capital, merchant, tax, compliance and risk, and others.

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