Payoneer Global Inc. (NASDAQ:PAYO – Get Free Report) has earned an average recommendation of “Hold” from the nine ratings firms that are currently covering the stock, MarketBeat Ratings reports. Eight equities research analysts have rated the stock with a hold rating and one has issued a buy rating on the company. The average 1-year price objective among brokerages that have covered the stock in the last year is $7.40.
A number of brokerages have recently weighed in on PAYO. Deutsche Bank Aktiengesellschaft cut Payoneer Global from a “buy” rating to a “hold” rating in a research report on Friday, August 7th. Wall Street Zen upgraded Payoneer Global from a “sell” rating to a “hold” rating in a research report on Saturday, May 2nd. Benchmark downgraded Payoneer Global from a “buy” rating to a “hold” rating in a research note on Thursday, June 18th. Keefe, Bruyette & Woods lowered Payoneer Global from a “moderate buy” rating to a “hold” rating in a research report on Monday, June 15th. Finally, Citigroup lowered Payoneer Global from a “buy” rating to a “neutral” rating and dropped their target price for the stock from $10.00 to $7.40 in a research report on Tuesday, June 16th.
Check Out Our Latest Research Report on PAYO
Insider Activity at Payoneer Global
Institutional Trading of Payoneer Global
Hedge funds have recently bought and sold shares of the company. BlackRock Inc. bought a new position in Payoneer Global in the 2nd quarter worth about $278,076,000. Invesco Ltd. increased its stake 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 valued at $38,104,000 after purchasing an additional 3,218,917 shares during the period. Bank of New York Mellon Corp bought a new stake in shares of Payoneer Global during the second quarter valued at approximately $10,549,000. Allspring Global Investments Holdings LLC raised its holdings in shares of 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 during the last quarter. Finally, Marshall Wace LLP boosted its position in shares of Payoneer Global by 238.5% during the fourth quarter. Marshall Wace LLP now owns 1,362,962 shares of the company’s stock worth $7,660,000 after buying an additional 960,371 shares during the period. 82.22% of the stock is currently owned by institutional investors.
Payoneer Global Stock Down 0.1%
Shares of PAYO stock opened at $7.13 on Friday. The business has a 50 day moving average of $7.02 and a two-hundred day moving average of $5.77. Payoneer Global has a 52 week low of $4.08 and a 52 week high of $7.18. The company has a market cap of $2.42 billion, a P/E ratio of 50.93, a PEG ratio of 1.50 and a beta of 0.96.
Payoneer Global Company Profile
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.
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