Payoneer Global (NASDAQ:PAYO) Price Target Raised to $16.50

Payoneer Global (NASDAQ:PAYO) had its price objective hoisted by Citigroup from $14.50 to $16.50 in a report issued on Tuesday morning,Benzinga reports. They currently have a buy rating on the stock.

A number of other analysts also recently issued reports on PAYO. Benchmark raised their price objective on Payoneer Global from $10.00 to $12.00 and gave the stock a “buy” rating in a research report on Wednesday, November 6th. The Goldman Sachs Group lifted their price target on shares of Payoneer Global from $9.00 to $12.00 and gave the company a “buy” rating in a research report on Wednesday, November 6th. Keefe, Bruyette & Woods decreased their price objective on shares of Payoneer Global from $11.00 to $10.00 and set a “market perform” rating on the stock in a report on Friday, February 28th. Wolfe Research downgraded shares of Payoneer Global from an “outperform” rating to a “peer perform” rating in a report on Wednesday, January 8th. Finally, Northland Securities upped their price target on Payoneer Global from $13.00 to $14.00 and gave the stock an “outperform” rating in a research note on Friday, December 6th. Two research analysts have rated the stock with a hold rating, six have assigned a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $13.07.

Payoneer Global Trading Down 6.4 %

Shares of PAYO opened at $7.81 on Tuesday. The firm has a 50-day moving average price of $10.11 and a 200 day moving average price of $9.27. Payoneer Global has a 12-month low of $4.22 and a 12-month high of $11.29. The firm has a market capitalization of $2.79 billion, a P/E ratio of 22.31, a P/E/G ratio of 2.88 and a beta of 0.93.

Payoneer Global (NASDAQ:PAYO) last announced its quarterly earnings results on Thursday, February 27th. The company reported $0.05 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates 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 for the quarter, compared to analyst estimates of $242.14 million. During the same quarter in the prior year, the business earned $0.05 EPS. Equities research analysts predict that Payoneer Global will post 0.34 earnings per share for the current fiscal year.

Insider Transactions at Payoneer Global

In related news, insider Tsafi Goldman sold 263,873 shares of the company’s stock in a transaction that occurred on Tuesday, December 10th. The shares were sold at an average price of $10.10, for a total transaction of $2,665,117.30. Following the sale, the insider now directly owns 741,748 shares in the company, valued at approximately $7,491,654.80. This represents a 26.24 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CFO Beatrice Ordonez sold 85,000 shares of Payoneer Global stock in a transaction that occurred on Tuesday, January 21st. The stock was sold at an average price of $10.40, for a total transaction of $884,000.00. Following the completion of the transaction, the chief financial officer now owns 2,305,245 shares of the company’s stock, valued at $23,974,548. This represents a 3.56 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 445,223 shares of company stock valued at $4,519,362. 5.57% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On Payoneer Global

Institutional investors and hedge funds have recently modified their holdings of the company. Blue Trust Inc. lifted its holdings in Payoneer Global by 21.2% during the 4th quarter. Blue Trust Inc. now owns 5,380 shares of the company’s stock worth $54,000 after buying an additional 940 shares during the last quarter. Maryland State Retirement & Pension System lifted its stake in Payoneer Global by 1.2% during the fourth quarter. Maryland State Retirement & Pension System now owns 86,467 shares of the company’s stock worth $868,000 after purchasing an additional 1,002 shares during the last quarter. Fifth Third Bancorp boosted its holdings in Payoneer Global by 29.3% in the fourth quarter. Fifth Third Bancorp now owns 4,488 shares of the company’s stock valued at $45,000 after purchasing an additional 1,016 shares in the last quarter. Van ECK Associates Corp increased its stake in Payoneer Global by 1.6% in the third quarter. Van ECK Associates Corp now owns 84,209 shares of the company’s stock valued at $634,000 after purchasing an additional 1,306 shares during the last quarter. Finally, State of Alaska Department of Revenue raised its holdings in Payoneer Global by 1.0% during the fourth quarter. State of Alaska Department of Revenue now owns 145,923 shares of the company’s stock worth $1,465,000 after purchasing an additional 1,498 shares in the last quarter. Institutional investors and hedge funds own 82.22% of the company’s stock.

Payoneer Global Company Profile

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.