Payoneer Global Inc. (NASDAQ:PAYO) Receives $12.36 Average Price Target from Brokerages

Shares of Payoneer Global Inc. (NASDAQ:PAYO) have been assigned a consensus recommendation of “Moderate Buy” from the nine research firms that are presently covering the firm, Marketbeat Ratings reports. Two analysts have rated the stock with a hold recommendation, six have assigned a buy recommendation and one has issued a strong buy recommendation on the company. The average 12-month price target among brokers that have issued ratings on the stock in the last year is $12.36.

A number of equities research analysts have recently commented 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 target price on the stock. The Goldman Sachs Group reduced their target price on shares of Payoneer Global from $11.00 to $9.00 and set a “buy” rating for the company in a research report on Wednesday, April 2nd. Citigroup lifted their price target on shares of Payoneer Global from $14.50 to $16.50 and gave the stock a “buy” rating in a report on Tuesday, March 4th. Wolfe Research lowered Payoneer Global from an “outperform” rating to a “peer perform” rating in a report on Wednesday, January 8th. Finally, Keefe, Bruyette & Woods lowered their target price on Payoneer Global from $10.00 to $8.00 and set a “market perform” rating on the stock in a research note on Monday, March 31st.

Payoneer Global Price Performance

PAYO opened at $6.89 on Friday. The firm’s fifty day moving average price is $7.53 and its two-hundred day moving average price is $9.14. The company has a market capitalization of $2.48 billion, a price-to-earnings ratio of 19.69, a P/E/G ratio of 2.88 and a beta of 1.02. Payoneer Global has a 1 year low of $4.86 and a 1 year high of $11.29.

Payoneer Global (NASDAQ:PAYO) last issued its quarterly earnings data 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 during the quarter, compared to the consensus estimate of $242.14 million. During the same period in the previous year, the company posted $0.05 earnings per share. As a group, equities analysts anticipate that Payoneer Global will post 0.34 EPS for the current year.

Institutional Inflows and Outflows

Several large investors have recently added to or reduced their stakes in PAYO. Farther Finance Advisors LLC purchased a new stake in shares of Payoneer Global in the first quarter worth about $25,000. Quarry LP bought a new position in Payoneer Global in the 4th quarter valued at $29,000. Versant Capital Management Inc grew its position in shares of Payoneer Global by 420.6% during the 1st quarter. Versant Capital Management Inc now owns 5,034 shares of the company’s stock valued at $37,000 after purchasing an additional 4,067 shares in the last quarter. Smartleaf Asset Management LLC increased its holdings in shares of Payoneer Global by 405.8% in the fourth quarter. Smartleaf Asset Management LLC now owns 3,819 shares of the company’s stock worth $38,000 after purchasing an additional 3,064 shares during the period. Finally, Fifth Third Bancorp raised its position in shares of Payoneer Global by 29.3% in the fourth quarter. Fifth Third Bancorp now owns 4,488 shares of the company’s stock worth $45,000 after buying an additional 1,016 shares in the last quarter. Institutional investors own 82.22% of the company’s stock.

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.