Payoneer Global Inc. (NASDAQ:PAYO) Given Consensus Rating of "Hold" by Analysts

Key Points

• Analyst sentiment is neutral: Eight of nine analysts rate Payoneer Global “Hold,” while one recommends buying. The average 12-month price target is $7.40, slightly above the reported $7.10 share price.
• Payoneer’s latest quarter showed mixed results: revenue rose 5.2% year over year to $274.26 million, beating estimates, but adjusted earnings of negative $0.01 per share missed expectations by $0.07.
• Institutional investors own 82.22% of the company and several funds increased their positions, while CFO Beatrice Ordonez sold 25,000 shares under a pre-arranged trading plan.

Shares of Payoneer Global Inc. (NASDAQ:PAYO - Get Free Report) have received an average recommendation of "Hold" from the nine ratings firms that are currently covering the stock, MarketBeat reports. Eight analysts have rated the stock with a hold recommendation and one has assigned a buy recommendation to the company. The average 1-year price target among brokerages that have updated their coverage on the stock in the last year is $7.40.

PAYO has been the subject of a number of research analyst reports. Benchmark cut Payoneer Global from a "buy" rating to a "hold" rating in a research note on Thursday, June 18th. Deutsche Bank Aktiengesellschaft cut Payoneer Global from a "buy" rating to a "hold" rating in a research note on Friday, August 7th. Keefe, Bruyette & Woods lowered Payoneer Global from a "moderate buy" rating to a "hold" rating in a research report on Monday, June 15th. William Blair cut shares of Payoneer Global from an "outperform" rating to a "hold" rating in a report on Monday, June 15th. Finally, Needham & Company LLC downgraded shares of Payoneer Global from a "buy" rating to a "hold" rating in a research report on Monday, June 15th.

Payoneer Global Price Performance

PAYO stock opened at $7.10 on Wednesday. Payoneer Global has a 1 year low of $4.08 and a 1 year high of $7.18. The company has a market cap of $2.41 billion, a P/E ratio of 50.72, a PEG ratio of 1.49 and a beta of 0.94. The firm has a 50-day moving average of $7.11 and a 200 day moving average of $5.85.

Payoneer Global (NASDAQ:PAYO - Get Free Report) last issued its quarterly earnings data on Thursday, August 6th. The company reported ($0.01) EPS for the quarter, missing the consensus estimate of $0.06 by ($0.07). Payoneer Global had a return on equity of 9.97% and a net margin of 4.65%.The company had revenue of $274.26 million during the quarter, compared to analysts' expectations of $270.98 million. During the same quarter last year, the business earned $0.05 earnings per share. The business's quarterly revenue was up 5.2% on a year-over-year basis. On average, equities research analysts expect that Payoneer Global will post 0.2 earnings per share for the current fiscal year.

Insider Transactions at Payoneer Global

In related news, CFO Beatrice Ordonez sold 25,000 shares of the business's stock in a transaction dated Monday, June 15th. The shares were sold at an average price of $7.01, for a total transaction of $175,250.00. Following the sale, the chief financial officer owned 2,887,266 shares of the company's stock, valued at $20,239,734.66. The trade was a 0.86% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 2.06% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On Payoneer Global

Large investors have recently made changes to their positions in the business. Hsbc Holdings PLC increased its position in Payoneer Global by 372.8% during the 4th quarter. Hsbc Holdings PLC now owns 603,407 shares of the company's stock valued at $3,400,000 after buying an additional 475,776 shares in the last quarter. Isthmus Partners LLC boosted its holdings in Payoneer Global by 87.0% in the first quarter. Isthmus Partners LLC now owns 545,096 shares of the company's stock worth $2,633,000 after acquiring an additional 253,625 shares in the last quarter. Great Lakes Advisors LLC bought a new stake in Payoneer Global in the second quarter worth $3,161,000. BlackRock Inc. purchased a new stake in shares of Payoneer Global in the second quarter worth $278,076,000. Finally, Bank of America Corp DE grew its stake in shares of Payoneer Global by 17.9% in the first quarter. Bank of America Corp DE now owns 3,795,863 shares of the company's stock worth $18,334,000 after acquiring an additional 576,559 shares during the last quarter. 82.22% of the stock is currently owned by hedge funds and other institutional investors.

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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