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

Payoneer Global Inc. (NASDAQ:PAYO) has been assigned a consensus recommendation of “Moderate Buy” from the nine analysts that are covering the company, MarketBeat reports. Two investment analysts have rated the stock with a hold rating, six have given a buy rating and one has issued a strong buy rating on the company. The average 12 month target price among brokerages that have issued a report on the stock in the last year is $13.07.

Several equities research analysts have weighed in on the company. Deutsche Bank Aktiengesellschaft assumed coverage on Payoneer Global in a research note on Monday, February 3rd. They set a “buy” rating and a $13.00 price objective on the stock. Northland Securities boosted their price objective on Payoneer Global from $13.00 to $14.00 and gave the stock an “outperform” rating in a research note on Friday, December 6th. Keefe, Bruyette & Woods reduced their price objective on Payoneer Global from $11.00 to $10.00 and set a “market perform” rating on the stock in a research note on Friday, February 28th. Wolfe Research cut Payoneer Global from an “outperform” rating to a “peer perform” rating in a research note on Wednesday, January 8th. Finally, Citigroup upped their target price on Payoneer Global from $14.50 to $16.50 and gave the company a “buy” rating in a research note on Tuesday.

Insiders Place Their Bets

In other news, insider Tsafi Goldman sold 96,350 shares of the company’s stock in a transaction on Thursday, January 2nd. The stock was sold at an average price of $10.07, for a total transaction of $970,244.50. Following the transaction, the insider now directly owns 741,748 shares of the company’s stock, valued at approximately $7,469,402.36. This represents a 11.50 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CFO Beatrice Ordonez sold 85,000 shares of the company’s stock in a transaction on Tuesday, January 21st. The stock was sold at an average price of $10.40, for a total value of $884,000.00. Following the transaction, the chief financial officer now directly owns 2,305,245 shares in the company, valued at approximately $23,974,548. The trade was a 3.56 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 445,223 shares of company stock worth $4,519,362 over the last 90 days. Company insiders own 5.57% of the company’s stock.

Hedge Funds Weigh In On Payoneer Global

Several hedge funds have recently made changes to their positions in PAYO. Forum Financial Management LP purchased a new stake in shares of Payoneer Global during the 4th quarter worth about $122,000. Neo Ivy Capital Management purchased a new position in Payoneer Global in the 4th quarter valued at about $1,543,000. Castleark Management LLC purchased a new position in Payoneer Global in the 4th quarter valued at about $6,067,000. PharVision Advisers LLC purchased a new position in Payoneer Global in the 4th quarter worth approximately $125,000. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its stake in Payoneer Global by 23.4% in the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 715,857 shares of the company’s stock worth $7,187,000 after purchasing an additional 135,730 shares in the last quarter. 82.22% of the stock is owned by institutional investors and hedge funds.

Payoneer Global Stock Up 4.3 %

Shares of Payoneer Global stock opened at $8.34 on Friday. Payoneer Global has a 52 week low of $4.22 and a 52 week high of $11.29. The stock’s 50-day simple moving average is $10.16 and its 200-day simple moving average is $9.28. The company has a market capitalization of $2.97 billion, a price-to-earnings ratio of 23.83, a PEG ratio of 2.88 and a beta of 0.93.

Payoneer Global (NASDAQ:PAYO) last issued its earnings results on Thursday, February 27th. The company reported $0.05 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.06 by ($0.01). Payoneer Global had a return on equity of 17.78% and a net margin of 13.82%. The firm had revenue of $261.74 million during the quarter, compared to the consensus estimate of $242.14 million. During the same period last year, the firm posted $0.05 earnings per share. On average, equities analysts expect that Payoneer Global will post 0.34 earnings per share for the current 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.