Payoneer Global’s (PAYO) Hold (C) Rating Reiterated at Weiss Ratings

Payoneer Global (NASDAQ:PAYO)‘s stock had its “hold (c)” rating restated by stock analysts at Weiss Ratings in a research note issued to investors on Saturday,Weiss Ratings reports.

A number of other brokerages also recently weighed in on PAYO. Wall Street Zen downgraded Payoneer Global from a “hold” rating to a “sell” rating in a research report on Saturday, October 18th. Needham & Company LLC reiterated a “buy” rating and set a $10.00 target price on shares of Payoneer Global in a research note on Monday, October 6th. Finally, Deutsche Bank Aktiengesellschaft assumed coverage on Payoneer Global in a research note on Thursday, July 17th. They issued a “buy” rating and a $8.00 price target on the stock. Eight analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $10.06.

Payoneer Global Stock Up 0.7%

NASDAQ:PAYO opened at $6.07 on Friday. The company has a market cap of $2.19 billion, a P/E ratio of 23.35, a price-to-earnings-growth ratio of 7.65 and a beta of 0.95. Payoneer Global has a twelve month low of $5.66 and a twelve month high of $11.29. The business has a 50 day moving average price of $6.42 and a two-hundred day moving average price of $6.65.

Payoneer Global (NASDAQ:PAYO) last issued its earnings results on Wednesday, August 6th. The company reported $0.05 earnings per share for the quarter, missing analysts’ consensus estimates of $0.06 by ($0.01). The firm had revenue of $260.61 million for the quarter, compared to analyst estimates of $253.17 million. Payoneer Global had a return on equity of 13.42% and a net margin of 9.81%.Payoneer Global’s quarterly revenue was up 8.8% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.09 earnings per share. As a group, analysts anticipate that Payoneer Global will post 0.34 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Several large investors have recently added to or reduced their stakes in PAYO. Azora Capital LP bought a new position in Payoneer Global during the 2nd quarter worth $30,996,000. Nuveen LLC bought a new position in shares of Payoneer Global in the first quarter worth $28,023,000. Vanguard Group Inc. increased its position in shares of Payoneer Global by 12.1% in the first quarter. Vanguard Group Inc. now owns 33,881,608 shares of the company’s stock worth $247,675,000 after purchasing an additional 3,656,056 shares during the period. Invesco Ltd. increased its position in shares of Payoneer Global by 137.3% in the second quarter. Invesco Ltd. now owns 5,562,623 shares of the company’s stock worth $38,104,000 after purchasing an additional 3,218,917 shares during the period. Finally, Greenvale Capital LLP bought a new position in shares of Payoneer Global in the second quarter worth $14,472,000. Institutional investors 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.