Payoneer Global Inc. (NASDAQ:PAYO) Receives Consensus Recommendation of “Buy” from Brokerages

Shares of Payoneer Global Inc. (NASDAQ:PAYO) have received an average rating of “Buy” from the seven research firms that are currently covering the firm, Marketbeat reports. Seven research analysts have rated the stock with a buy rating. The average 12-month target price among brokerages that have updated their coverage on the stock in the last year is $6.57.

Several research firms have issued reports on PAYO. Keefe, Bruyette & Woods decreased their price objective on shares of Payoneer Global from $7.00 to $6.00 and set an “outperform” rating for the company in a research note on Thursday, February 29th. Needham & Company LLC decreased their price objective on shares of Payoneer Global from $8.00 to $7.00 and set a “buy” rating for the company in a research note on Monday, April 1st. The Goldman Sachs Group decreased their price objective on shares of Payoneer Global from $7.00 to $6.00 and set a “buy” rating for the company in a research note on Thursday, January 11th. Citigroup decreased their price objective on shares of Payoneer Global from $7.50 to $6.00 and set a “buy” rating for the company in a research note on Thursday, March 21st. Finally, Benchmark reiterated a “buy” rating and set a $7.00 target price on shares of Payoneer Global in a research note on Tuesday, March 26th.

Insider Buying and Selling at Payoneer Global

In other Payoneer Global news, insider Tsafi Goldman sold 6,118 shares of the firm’s stock in a transaction dated Friday, February 23rd. The shares were sold at an average price of $5.45, for a total transaction of $33,343.10. Following the completion of the transaction, the insider now directly owns 858,332 shares in the company, valued at approximately $4,677,909.40. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In other news, Director Scott H. Galit sold 16,697 shares of Payoneer Global stock in a transaction dated Tuesday, February 20th. The shares were sold at an average price of $5.39, for a total transaction of $89,996.83. Following the completion of the sale, the director now directly owns 3,156,731 shares in the company, valued at $17,014,780.09. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, insider Tsafi Goldman sold 6,118 shares of Payoneer Global stock in a transaction dated Friday, February 23rd. The stock was sold at an average price of $5.45, for a total transaction of $33,343.10. Following the sale, the insider now owns 858,332 shares of the company’s stock, valued at $4,677,909.40. The disclosure for this sale can be found here. In the last three months, insiders sold 1,231,650 shares of company stock worth $5,862,136. 5.57% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On Payoneer Global

A number of hedge funds and other institutional investors have recently modified their holdings of PAYO. Capstone Investment Advisors LLC acquired a new stake in shares of Payoneer Global in the first quarter worth approximately $313,000. Mirae Asset Global Investments Co. Ltd. boosted its position in shares of Payoneer Global by 6.3% in the first quarter. Mirae Asset Global Investments Co. Ltd. now owns 563,060 shares of the company’s stock worth $2,736,000 after acquiring an additional 33,491 shares during the last quarter. Harel Insurance Investments & Financial Services Ltd. boosted its position in shares of Payoneer Global by 27.8% in the first quarter. Harel Insurance Investments & Financial Services Ltd. now owns 9,541 shares of the company’s stock worth $46,000 after acquiring an additional 2,074 shares during the last quarter. Principal Financial Group Inc. boosted its position in shares of Payoneer Global by 4.2% in the first quarter. Principal Financial Group Inc. now owns 1,579,996 shares of the company’s stock worth $7,679,000 after acquiring an additional 64,126 shares during the last quarter. Finally, Trueblood Wealth Management LLC acquired a new stake in shares of Payoneer Global in the first quarter worth approximately $101,000. 82.22% of the stock is currently owned by hedge funds and other institutional investors.

Payoneer Global Stock Performance

NASDAQ:PAYO opened at $5.08 on Friday. The company has a market cap of $1.87 billion, a price-to-earnings ratio of 21.17 and a beta of 0.77. The company has a fifty day simple moving average of $4.81 and a two-hundred day simple moving average of $5.08. Payoneer Global has a 52 week low of $4.02 and a 52 week high of $6.48. The company has a quick ratio of 1.09, a current ratio of 1.09 and a debt-to-equity ratio of 0.03.

Payoneer Global (NASDAQ:PAYO) last released its quarterly earnings data on Wednesday, February 28th. The company reported $0.05 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.05. The business had revenue of $224.32 million during the quarter, compared to analysts’ expectations of $223.65 million. Payoneer Global had a net margin of 11.23% and a return on equity of 14.80%. As a group, equities analysts anticipate that Payoneer Global will post 0.2 earnings per share 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.