Payoneer Global Inc. (NASDAQ:PAYO) Given Consensus Recommendation of “Hold” by Analysts

Payoneer Global Inc. (NASDAQ:PAYOGet Free Report) has been assigned an average rating of “Hold” from the nine analysts that are covering the company, MarketBeat.com reports. Seven equities research analysts have rated the stock with a hold rating and two have given a buy rating to the company. The average 12 month target price among analysts that have updated their coverage on the stock in the last year is $7.40.

PAYO has been the subject of several research reports. William Blair downgraded shares of Payoneer Global from an “outperform” rating to a “hold” rating in a research note on Monday, June 15th. Benchmark cut shares of Payoneer Global from a “buy” rating to a “hold” rating in a report on Thursday, June 18th. Wall Street Zen upgraded shares of Payoneer Global from a “sell” rating to a “hold” rating in a research note on Saturday, May 2nd. Deutsche Bank Aktiengesellschaft reiterated a “buy” rating and set a $7.40 price target on shares of Payoneer Global in a research note on Tuesday, June 16th. Finally, Weiss Ratings upgraded shares of Payoneer Global from a “sell (d+)” rating to a “hold (c-)” rating in a research report on Thursday, June 11th.

Check Out Our Latest Analysis on PAYO

Payoneer Global Stock Performance

Payoneer Global stock opened at $7.04 on Friday. The company’s 50 day simple moving average is $5.54 and its 200-day simple moving average is $5.40. The company has a market capitalization of $2.36 billion, a price-to-earnings ratio of 35.20, a price-to-earnings-growth ratio of 0.75 and a beta of 1.02. Payoneer Global has a 1 year low of $4.08 and a 1 year high of $7.66.

Payoneer Global (NASDAQ:PAYOGet Free Report) last released its quarterly earnings results on Thursday, May 7th. The company reported $0.06 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.04 by $0.02. The business had revenue of $261.60 million for the quarter, compared to the consensus estimate of $255.12 million. Payoneer Global had a net margin of 6.76% and a return on equity of 11.10%. The business’s revenue was up 6.1% on a year-over-year basis. During the same period in the previous year, the firm earned $0.05 EPS. Equities analysts expect that Payoneer Global will post 0.27 earnings per share for the current year.

Insider Activity

In related news, CFO Beatrice Ordonez sold 25,000 shares of Payoneer Global stock in a transaction on Monday, June 15th. The stock was sold at an average price of $7.01, for a total transaction of $175,250.00. Following the completion of the transaction, the chief financial officer directly owned 2,887,266 shares of the company’s stock, valued at approximately $20,239,734.66. The trade was a 0.86% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 2.06% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On Payoneer Global

Several hedge funds have recently modified their holdings of PAYO. Invesco Ltd. boosted its stake in shares of Payoneer Global by 137.3% during the 2nd 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 last quarter. Allspring Global Investments Holdings LLC lifted its position in Payoneer Global by 2,061.4% during the first quarter. Allspring Global Investments Holdings LLC now owns 1,013,014 shares of the company’s stock valued at $4,893,000 after buying an additional 966,146 shares in the last quarter. Marshall Wace LLP lifted its position in Payoneer Global by 238.5% during the fourth quarter. Marshall Wace LLP now owns 1,362,962 shares of the company’s stock valued at $7,660,000 after buying an additional 960,371 shares in the last quarter. HRT Financial LP purchased a new stake in shares of Payoneer Global during the fourth quarter valued at approximately $4,912,000. Finally, Blue Owl Capital Holdings LP purchased a new stake in shares of Payoneer Global during the fourth quarter valued at approximately $4,680,000. 82.22% of the stock is owned by institutional investors and hedge funds.

Payoneer Global Company Profile

(Get Free Report)

Payoneer Global (NASDAQ: PAYO) operates a digital payments platform that enables businesses, marketplaces and professionals to send and receive cross-border payments. The company’s core offerings include multi-currency receiving accounts, mass payout services and working capital solutions. Through its platform, Payoneer facilitates global transactions by connecting payors and payees across a network of local bank transfers, card payouts and digital wallets, supporting the seamless movement of funds in over 150 currencies.

Founded in 2005, Payoneer has grown from a small fintech venture into a widely adopted payments infrastructure provider that serves clients in more than 200 countries and territories.

See Also

Analyst Recommendations for Payoneer Global (NASDAQ:PAYO)

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