Payoneer Global Inc. (NASDAQ:PAYO) Given Average Recommendation of “Moderate Buy” by Brokerages

Shares of Payoneer Global Inc. (NASDAQ:PAYO) have been given an average rating of “Moderate Buy” by the nine ratings firms that are covering the firm, MarketBeat.com reports. Two analysts have rated the stock with a hold recommendation and seven have given a buy recommendation to the company. The average 12 month price objective among brokerages that have issued a report on the stock in the last year is $9.5714.

PAYO has been the topic of several analyst reports. Needham & Company LLC reaffirmed a “buy” rating and issued a $10.00 target price on shares of Payoneer Global in a research note on Monday, October 6th. Deutsche Bank Aktiengesellschaft initiated coverage on shares of Payoneer Global in a research report on Thursday, July 17th. They issued a “buy” rating and a $8.00 price objective on the stock. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Payoneer Global in a research note on Wednesday, October 8th. Wall Street Zen upgraded shares of Payoneer Global from a “sell” rating to a “hold” rating in a report on Saturday, November 8th. Finally, Jefferies Financial Group set a $7.00 price target on Payoneer Global in a report on Wednesday, November 5th.

Hedge Funds Weigh In On Payoneer Global

A number of hedge funds and other institutional investors have recently made changes to their positions in the business. Vanguard Group Inc. lifted its stake in 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 acquiring an additional 3,656,056 shares during the period. American Century Companies Inc. raised its holdings in Payoneer Global by 15.1% in the 1st quarter. American Century Companies Inc. now owns 9,403,250 shares of the company’s stock worth $68,738,000 after purchasing an additional 1,236,598 shares in the last quarter. Price T Rowe Associates Inc. MD lifted its position in shares of Payoneer Global by 3.0% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 8,970,295 shares of the company’s stock worth $65,574,000 after purchasing an additional 260,306 shares during the period. Millennium Management LLC boosted its stake in shares of Payoneer Global by 15.5% during the 1st quarter. Millennium Management LLC now owns 7,537,691 shares of the company’s stock valued at $55,101,000 after purchasing an additional 1,014,096 shares in the last quarter. Finally, Dimensional Fund Advisors LP increased its position in shares of Payoneer Global by 3.2% during the third quarter. Dimensional Fund Advisors LP now owns 7,309,436 shares of the company’s stock valued at $44,229,000 after buying an additional 224,287 shares during the period. Institutional investors own 82.22% of the company’s stock.

Payoneer Global Trading Up 2.1%

NASDAQ PAYO opened at $5.75 on Thursday. The firm has a market cap of $2.07 billion, a PE ratio of 30.26, a price-to-earnings-growth ratio of 6.48 and a beta of 0.94. Payoneer Global has a 1-year low of $4.91 and a 1-year high of $11.29. The stock has a 50-day moving average of $6.13 and a 200-day moving average of $6.58.

Payoneer Global (NASDAQ:PAYO) last posted its quarterly earnings results on Wednesday, November 5th. The company reported $0.04 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.06 by ($0.02). Payoneer Global had a return on equity of 10.71% and a net margin of 6.96%.The company had revenue of $270.85 million for the quarter, compared to the consensus estimate of $262.66 million. During the same quarter in the previous year, the business earned $0.11 earnings per share. Payoneer Global’s revenue was up 9.1% compared to the same quarter last year. Payoneer Global has set its FY 2025 guidance at EPS. As a group, equities research analysts forecast that Payoneer Global will post 0.34 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.