Payoneer Global (NASDAQ:PAYO) Given New $8.50 Price Target at Jefferies Financial Group

Payoneer Global (NASDAQ:PAYO - Get Free Report) had its target price increased by equities research analysts at Jefferies Financial Group from $8.00 to $8.50 in a research note issued on Tuesday,Benzinga reports. The brokerage currently has a "buy" rating on the stock. Jefferies Financial Group's price objective indicates a potential upside of 25.37% from the company's previous close.

Other equities research analysts have also issued research reports about the stock. Deutsche Bank Aktiengesellschaft initiated coverage on shares of Payoneer Global in a report on Monday, February 3rd. They issued a "buy" rating and a $13.00 price target on the stock. Needham & Company LLC lowered their target price on shares of Payoneer Global from $14.00 to $8.00 and set a "buy" rating on the stock in a report on Thursday, May 8th. Keefe, Bruyette & Woods raised shares of Payoneer Global from a "market perform" rating to an "outperform" rating and upped their target price for the stock from $7.00 to $9.00 in a report on Tuesday, May 13th. The Goldman Sachs Group reduced their price target on shares of Payoneer Global from $11.00 to $9.00 and set a "buy" rating on the stock in a research report on Wednesday, April 2nd. Finally, Citigroup reiterated a "buy" rating and set a $10.00 price target (down previously from $13.00) on shares of Payoneer Global in a research report on Thursday, May 22nd. One analyst has rated the stock with a hold rating, eight have issued a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of "Buy" and a consensus target price of $10.44.

Payoneer Global Stock Down 0.7%

Payoneer Global stock traded down $0.05 on Tuesday, hitting $6.78. The company's stock had a trading volume of 3,331,564 shares, compared to its average volume of 3,186,594. The firm has a market cap of $2.45 billion, a P/E ratio of 19.37, a price-to-earnings-growth ratio of 2.88 and a beta of 1.03. The company has a fifty day moving average price of $6.80 and a 200-day moving average price of $8.81. Payoneer Global has a one year low of $5.03 and a one year high of $11.29.

Payoneer Global (NASDAQ:PAYO - Get Free Report) last announced its quarterly earnings results on Wednesday, May 7th. The company reported $0.05 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.07 by ($0.02). The business had revenue of $246.62 million during the quarter, compared to the consensus estimate of $244.52 million. Payoneer Global had a net margin of 13.82% and a return on equity of 17.78%. The company's quarterly revenue was up 8.1% compared to the same quarter last year. During the same period last year, the firm earned $0.08 EPS. Analysts anticipate that Payoneer Global will post 0.34 EPS for the current year.

Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the business. Robeco Institutional Asset Management B.V. acquired a new position in Payoneer Global during the 4th quarter valued at about $1,233,000. Y Intercept Hong Kong Ltd acquired a new position in Payoneer Global during the 4th quarter valued at about $1,276,000. Entropy Technologies LP acquired a new position in Payoneer Global during the 4th quarter valued at about $540,000. Allspring Global Investments Holdings LLC lifted its position in Payoneer Global by 133.5% during the 4th quarter. Allspring Global Investments Holdings LLC now owns 97,538 shares of the company's stock valued at $990,000 after purchasing an additional 55,766 shares during the period. Finally, Counterpoint Mutual Funds LLC acquired a new position in Payoneer Global during the 4th quarter valued at about $1,809,000. 82.22% of the stock is currently owned by institutional investors and hedge funds.

Payoneer Global Company Profile

Payoneer Global Inc operates as a financial technology company. It operates a payment infrastructure platform that provides customers with a one-stop, global, multi-currency account to serve their accounts receivable and accounts payable needs. The company delivers a suite of services that includes cross-border payments, physical and virtual MasterCard cards, working capital, risk management, and other services.