Payoneer Global Inc. (NASDAQ:PAYO) Stock Now Rated “Hold” by Wall Street Analysts

Payoneer Global Inc. (NASDAQ:PAYO – Get Free Report) has been assigned an average rating of “Hold” from the nine brokerages that are currently covering the stock, MarketBeat.com reports. Eight equities 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 brokers that have issued a report on the stock in the last year is $7.40.

PAYO has been the subject of several analyst reports. Deutsche Bank Aktiengesellschaft cut shares of Payoneer Global from a “buy” rating to a “hold” rating in a research note on Friday, August 7th. 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.

Get Our Latest Analysis on Payoneer Global

Hedge Funds Weigh In On Payoneer Global

Several large investors have recently modified their holdings of PAYO. Nykredit A S purchased a new position in shares of Payoneer Global in the second quarter valued at approximately $39,000. GAMMA Investing LLC increased its stake in shares of 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 buying an additional 2,453 shares during the period. Leonteq Securities AG increased its stake in shares of Payoneer Global by 72.0% during the first quarter. Leonteq Securities AG now owns 6,496 shares of the company’s stock worth $31,000 after buying an additional 2,720 shares during the period. Sterling Capital Management LLC raised its holdings in Payoneer Global by 847.9% in the third quarter. Sterling Capital Management LLC now owns 8,806 shares of the company’s stock valued at $63,000 after acquiring an additional 7,877 shares in the last quarter. Finally, Resonant Capital Advisors LLC acquired a new stake in Payoneer Global in the first quarter valued at approximately $49,000. Institutional investors and hedge funds own 82.22% of the company’s stock.

Payoneer Global Stock Performance

NASDAQ PAYO opened at $7.12 on Thursday. The stock’s fifty day moving average is $7.13 and its two-hundred day moving average is $6.11. The firm has a market capitalization of $2.41 billion, a P/E ratio of 50.86, a price-to-earnings-growth ratio of 1.83 and a beta of 0.88. Payoneer Global has a fifty-two week low of $4.08 and a fifty-two week high of $7.19.

Payoneer Global (NASDAQ:PAYO – Get Free Report) last issued its earnings results on Thursday, August 6th. The company reported ($0.01) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.06 by ($0.07). The company had revenue of $274.26 million during the quarter, compared to analyst estimates of $270.98 million. Payoneer Global had a return on equity of 9.97% and a net margin of 4.65%. The firm’s revenue was up 5.2% compared to the same quarter last year. During the same period last year, the business earned $0.05 earnings per share. As a group, sell-side analysts forecast that Payoneer Global will post 0.16 EPS for the current year.

Payoneer Global Company Profile

(Get Free Report)

Payoneer Global Inc (NASDAQ: PAYO) operates a global financial technology platform that helps businesses, online marketplaces, freelancers and other professionals send, receive and manage payments across borders. Its services are designed to support companies that operate internationally, including small and medium-sized businesses and digital commerce participants.

The company provides multi-currency receiving accounts, cross-border payouts, supplier and contractor payments, currency conversion and other business payment tools.

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Analyst Recommendations for Payoneer Global (NASDAQ:PAYO)

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