Payoneer Global Inc. (NASDAQ:PAYO – Get Free Report) shares passed above its fifty day moving average during trading on Friday. The stock has a fifty day moving average of $7.13 and traded as high as $7.15. Payoneer Global shares last traded at $7.15, with a volume of 2,766,436 shares traded.
Analysts Set New Price Targets
Several research firms recently 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. Weiss Ratings upgraded Payoneer Global from a “hold (c-)” rating to a “hold (c)” rating in a research report on Tuesday, September 1st. One research analyst has rated the stock with a Buy rating and eight have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, Payoneer Global presently has an average rating of “Hold” and an average price target of $7.40.
View Our Latest Stock Analysis on PAYO
Payoneer Global Stock Performance
The firm has a market cap of $2.42 billion, a price-to-earnings ratio of 51.08, a PEG ratio of 1.82 and a beta of 0.88. The business’s 50-day moving average is $7.13 and its 200-day moving average is $6.13.
Payoneer Global (NASDAQ:PAYO – Get Free Report) last announced its quarterly 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 for the quarter, compared to the consensus estimate of $270.98 million. Payoneer Global had a net margin of 4.65% and a return on equity of 9.97%. The company’s revenue for the quarter was up 5.2% on a year-over-year basis. During the same period in the prior year, the business earned $0.05 earnings per share. Equities research analysts expect that Payoneer Global Inc. will post 0.16 EPS for the current fiscal year.
Institutional Inflows and Outflows
A number of institutional investors have recently modified their holdings of PAYO. BlackRock Inc. acquired a new position in shares of Payoneer Global in the 2nd quarter worth approximately $278,076,000. Pentwater Capital Management LP bought a new stake in Payoneer Global during the 2nd quarter worth approximately $70,405,000. Dimensional Fund Advisors LP increased its holdings in Payoneer Global by 3.6% during 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 in the last quarter. Bank of America Corp DE acquired a new stake in Payoneer Global during the 2nd quarter valued at $26,398,000. Finally, Bank of New York Mellon Corp acquired a new stake in Payoneer Global during the 2nd quarter valued at $10,549,000. Institutional investors own 82.22% of the company’s stock.
About Payoneer Global
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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