Payoneer Global (NASDAQ:PAYO) Reaches New 12-Month High – Should You Buy?

Shares of Payoneer Global Inc. (NASDAQ:PAYOGet Free Report) reached a new 52-week high during trading on Thursday . The stock traded as high as $7.18 and last traded at $7.18, with a volume of 716460 shares traded. The stock had previously closed at $7.12.

Analyst Upgrades and Downgrades

A number of research analysts recently commented on PAYO shares. Northland Securities set a $7.40 price objective on shares of Payoneer Global in a research report on Monday, June 15th. Deutsche Bank Aktiengesellschaft lowered shares of Payoneer Global from a “buy” rating to a “hold” rating in a research note on Friday, August 7th. Weiss Ratings upgraded shares of Payoneer Global from a “hold (c-)” rating to a “hold (c)” rating in a report on Tuesday. Needham & Company LLC downgraded shares of Payoneer Global from a “buy” rating to a “hold” rating in a research note on Monday, June 15th. Finally, William Blair lowered Payoneer Global from an “outperform” rating to a “hold” rating in a report on Monday, June 15th. One equities research analyst has rated the stock with a Buy rating and eight have assigned a Hold rating to the company. Based on data from MarketBeat, Payoneer Global presently has a consensus rating of “Hold” and an average price target of $7.40.

Check Out Our Latest Research Report on Payoneer Global

Payoneer Global Stock Down 0.1%

The stock has a market cap of $2.43 billion, a P/E ratio of 51.22, a price-to-earnings-growth ratio of 1.50 and a beta of 0.94. The firm’s 50-day moving average is $7.12 and its two-hundred day moving average is $5.89.

Payoneer Global (NASDAQ:PAYOGet Free Report) last posted its earnings results on Thursday, August 6th. The company reported ($0.01) EPS for the quarter, missing the consensus estimate of $0.06 by ($0.07). The business had revenue of $274.26 million during the quarter, compared to the consensus estimate of $270.98 million. Payoneer Global had a return on equity of 9.97% and a net margin of 4.65%.The business’s revenue was up 5.2% on a year-over-year basis. During the same period in the prior year, the firm earned $0.05 earnings per share. Analysts anticipate that Payoneer Global Inc. will post 0.2 earnings per share for the current fiscal year.

Insider Transactions at Payoneer Global

In other Payoneer Global news, CFO Beatrice Ordonez sold 25,000 shares of the stock in a transaction on Monday, June 15th. The shares were sold at an average price of $7.01, for a total transaction of $175,250.00. Following the transaction, the chief financial officer directly owned 2,887,266 shares of the company’s stock, valued at $20,239,734.66. This represents a 0.86% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Corporate insiders own 2.06% of the company’s stock.

Institutional Trading of Payoneer Global

Several large investors have recently made changes to their positions in PAYO. Osaic Holdings Inc. raised its stake in shares of Payoneer Global by 246.5% in the 2nd quarter. Osaic Holdings Inc. now owns 4,636 shares of the company’s stock valued at $33,000 after acquiring an additional 3,298 shares in the last quarter. Nykredit A S bought a new stake in Payoneer Global during the second quarter worth approximately $39,000. GAMMA Investing LLC boosted its position in Payoneer Global by 73.8% during the second quarter. GAMMA Investing LLC now owns 5,777 shares of the company’s stock worth $41,000 after purchasing an additional 2,453 shares during the period. Leonteq Securities AG grew its holdings in Payoneer Global by 72.0% during the first quarter. Leonteq Securities AG now owns 6,496 shares of the company’s stock valued at $31,000 after purchasing an additional 2,720 shares during the last quarter. Finally, CWM LLC raised its position in shares of Payoneer Global by 178.6% in the fourth quarter. CWM LLC now owns 9,384 shares of the company’s stock valued at $53,000 after purchasing an additional 6,016 shares during the period. Institutional investors own 82.22% of the company’s stock.

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.

Further Reading

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