Payoneer Global Inc. (NASDAQ:PAYO – Get Free Report) has been given an average rating of “Hold” by the nine analysts that are presently covering the company, MarketBeat reports. Eight research analysts have rated the stock with a hold recommendation and one has issued a buy recommendation on the company. The average 1-year price target among brokerages that have covered the stock in the last year is $7.40.
Several brokerages have commented on PAYO. Deutsche Bank Aktiengesellschaft downgraded Payoneer Global from a “buy” rating to a “hold” rating in a research report on Friday, August 7th. William Blair downgraded shares of Payoneer Global from an “outperform” rating to a “hold” rating in a research note on Monday, June 15th. Weiss Ratings raised shares of Payoneer Global from a “hold (c-)” rating to a “hold (c)” rating in a research report on Tuesday, September 1st. Citigroup cut shares of Payoneer Global from a “buy” rating to a “neutral” rating and lowered their target price for the stock from $10.00 to $7.40 in a research note on Tuesday, June 16th. Finally, Northland Securities set a $7.40 price objective on shares of Payoneer Global in a report on Monday, June 15th.
Check Out Our Latest Analysis on PAYO
Insider Buying and Selling at Payoneer Global
Institutional Trading of Payoneer Global
Several institutional investors have recently modified their holdings of PAYO. BlackRock Inc. acquired a new stake in Payoneer Global in the 2nd quarter worth about $278,076,000. State Street Corp raised its holdings in shares of Payoneer Global by 1.8% during the 4th quarter. State Street Corp now owns 10,772,088 shares of the company’s stock worth $60,539,000 after acquiring an additional 195,410 shares during the period. Price T Rowe Associates Inc. MD boosted its holdings in Payoneer Global by 1.8% in the 4th quarter. Price T Rowe Associates Inc. MD now owns 10,436,470 shares of the company’s stock valued at $58,654,000 after purchasing an additional 182,614 shares during the last quarter. Pentwater Capital Management LP purchased a new position in shares of Payoneer Global during the 2nd quarter worth $70,405,000. Finally, Dimensional Fund Advisors LP increased its holdings in Payoneer Global by 3.6% in the 1st quarter. Dimensional Fund Advisors LP now owns 7,544,420 shares of the company’s stock valued at $36,438,000 after purchasing an additional 263,030 shares during the last quarter. Institutional investors and hedge funds own 82.22% of the company’s stock.
Payoneer Global Price Performance
Shares of NASDAQ:PAYO opened at $7.17 on Wednesday. The stock has a market capitalization of $2.43 billion, a P/E ratio of 51.22, a PEG ratio of 1.50 and a beta of 0.94. Payoneer Global has a 52 week low of $4.08 and a 52 week high of $7.18. The firm has a fifty day simple moving average of $7.12 and a two-hundred day simple moving average of $5.89.
Payoneer Global (NASDAQ:PAYO – Get Free Report) last released its earnings results on Thursday, August 6th. The company reported ($0.01) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.06 by ($0.07). The firm 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%.Payoneer Global’s revenue was up 5.2% compared to the same quarter last year. During the same quarter last year, the business posted $0.05 EPS. On average, analysts expect that Payoneer Global will post 0.2 earnings per share for the current year.
About Payoneer Global
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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