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

Key Points

• Payoneer Global is rated “Hold” by nine analysts: eight recommend holding and one recommends buying. The average 12-month price target is $7.40, slightly above the stock’s $7.17 opening price.
• Recent analyst actions have generally been cautious, with Benchmark, Needham and Citigroup downgrading the stock and Citigroup cutting its price target from $10.00 to $7.40.
• Payoneer’s latest quarterly revenue rose 5.2% year over year to $274.26 million, exceeding estimates, but adjusted EPS of a $0.01 loss missed expectations of $0.06. Institutional investors own approximately 82.22% of the shares.

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

Several research firms recently commented on PAYO. Benchmark cut Payoneer Global from a "buy" rating to a "hold" rating in a research report on Thursday, June 18th. Needham & Company LLC lowered Payoneer Global from a "buy" rating to a "hold" rating in a research report on Monday, June 15th. Northland Securities set a $7.40 price target on Payoneer Global in a research note on Monday, June 15th. Weiss Ratings raised Payoneer Global from a "hold (c-)" rating to a "hold (c)" rating in a report on Tuesday, September 1st. Finally, Citigroup cut shares of Payoneer Global from a "buy" rating to a "neutral" rating and cut their price objective for the company from $10.00 to $7.40 in a research note on Tuesday, June 16th.

Payoneer Global Stock Up 0.6%

Payoneer Global stock opened at $7.17 on Friday. Payoneer Global has a 52-week low of $4.08 and a 52-week high of $7.19. The firm has a market capitalization of $2.43 billion, a price-to-earnings ratio of 51.22, a PEG ratio of 1.84 and a beta of 0.94. The firm has a 50-day moving average price of $7.13 and a two-hundred day moving average price of $6.12.

Payoneer Global (NASDAQ:PAYO - Get Free Report) last announced its quarterly 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 firm had revenue of $274.26 million during the quarter, compared to analyst estimates of $270.98 million. Payoneer Global had a net margin of 4.65% and a return on equity of 9.97%. Payoneer Global's revenue for the quarter was up 5.2% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.05 EPS. Research analysts expect that Payoneer Global will post 0.16 earnings per share for the current year.

Institutional Trading of Payoneer Global

A number of hedge funds and other institutional investors have recently made changes to their positions in PAYO. BlackRock Inc. acquired a new stake in shares of Payoneer Global in the 2nd quarter worth approximately $278,076,000. Pentwater Capital Management LP acquired a new position in shares of Payoneer Global during the second quarter valued at approximately $70,405,000. Dimensional Fund Advisors LP increased its stake in shares of Payoneer Global by 3.6% during the first quarter. Dimensional Fund Advisors LP now owns 7,544,420 shares of the company's stock valued at $36,438,000 after acquiring an additional 263,030 shares during the period. Bank of America Corp DE raised its holdings in Payoneer Global by 17.9% during the first quarter. Bank of America Corp DE now owns 3,795,863 shares of the company's stock worth $18,334,000 after purchasing an additional 576,559 shares in the last quarter. Finally, Fiera Capital Corp raised its holdings in Payoneer Global by 29.6% during the fourth quarter. Fiera Capital Corp now owns 2,124,742 shares of the company's stock worth $11,941,000 after purchasing an additional 485,859 shares in the last quarter. 82.22% of the stock is currently owned by institutional investors.

Payoneer Global Company Profile

Payoneer Global Inc NASDAQ: PAYO is a financial technology company that provides digital commerce and payment services to small and medium-sized businesses, marketplaces, freelancers and other organizations. Its platform is designed to help customers receive funds from international clients and marketplaces, make cross-border payments, manage business finances and access global commerce opportunities.

Payoneer's products and services include multi-currency receiving accounts, global payouts, supplier and business payments, payment cards, foreign-exchange services and working-capital solutions.

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