Payoneer Global Inc. (NASDAQ:PAYO) Given Consensus Recommendation of "Buy" by Analysts

Payoneer Global Inc. (NASDAQ:PAYO - Get Free Report) has received a consensus recommendation of "Buy" from the seven research firms that are currently covering the firm, MarketBeat.com reports. Seven equities research analysts have rated the stock with a buy rating. The average twelve-month target price among brokers that have covered the stock in the last year is $6.57.

PAYO has been the topic of several analyst reports. Citigroup cut their price target on shares of Payoneer Global from $7.50 to $6.00 and set a "buy" rating on the stock in a report on Thursday, March 21st. The Goldman Sachs Group cut their price target on shares of Payoneer Global from $7.00 to $6.00 and set a "buy" rating on the stock in a report on Thursday, January 11th. Cantor Fitzgerald cut their price target on shares of Payoneer Global from $8.00 to $7.00 and set an "overweight" rating on the stock in a report on Friday, March 1st. Keefe, Bruyette & Woods cut their price target on shares of Payoneer Global from $7.00 to $6.00 and set an "outperform" rating on the stock in a report on Thursday, February 29th. Finally, Benchmark reiterated a "buy" rating and issued a $7.00 target price on shares of Payoneer Global in a research note on Tuesday, March 26th.

Payoneer Global Stock Up 0.2 %

Shares of NASDAQ PAYO traded up $0.01 during mid-day trading on Wednesday, reaching $4.87. 2,368,795 shares of the company's stock traded hands, compared to its average volume of 2,619,495. The stock has a market cap of $1.80 billion, a P/E ratio of 20.29 and a beta of 0.81. The business has a 50-day simple moving average of $4.88 and a 200 day simple moving average of $5.20. Payoneer Global has a 1-year low of $4.02 and a 1-year high of $6.48. The company has a debt-to-equity ratio of 0.03, a current ratio of 1.09 and a quick ratio of 1.09.

Payoneer Global (NASDAQ:PAYO - Get Free Report) last issued its quarterly earnings data on Wednesday, February 28th. The company reported $0.05 earnings per share (EPS) for the quarter, meeting analysts' consensus estimates of $0.05. The firm had revenue of $224.32 million during the quarter, compared to analysts' expectations of $223.65 million. Payoneer Global had a net margin of 11.23% and a return on equity of 14.80%. On average, analysts expect that Payoneer Global will post 0.22 EPS for the current fiscal year.

Insider Activity

In other news, Director Scott H. Galit sold 355,717 shares of the firm's stock in a transaction on Tuesday, March 26th. The shares were sold at an average price of $4.71, for a total transaction of $1,675,427.07. Following the sale, the director now owns 3,127,981 shares in the company, valued at approximately $14,732,790.51. The transaction was disclosed in a filing with the SEC, which is accessible through this link. In related news, insider Tsafi Goldman sold 6,118 shares of the stock in a transaction on Friday, February 23rd. The shares were sold at an average price of $5.45, for a total transaction of $33,343.10. Following the transaction, the insider now owns 858,332 shares of the company's stock, valued at approximately $4,677,909.40. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, Director Scott H. Galit sold 355,717 shares of the stock in a transaction on Tuesday, March 26th. The shares were sold at an average price of $4.71, for a total transaction of $1,675,427.07. Following the transaction, the director now directly owns 3,127,981 shares in the company, valued at approximately $14,732,790.51. The disclosure for this sale can be found here. In the last quarter, insiders have sold 1,040,767 shares of company stock worth $4,936,413. 5.57% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On Payoneer Global

Large investors have recently added to or reduced their stakes in the company. PNC Financial Services Group Inc. bought a new stake in Payoneer Global in the 4th quarter worth $27,000. Federated Hermes Inc. bought a new stake in shares of Payoneer Global during the 4th quarter valued at about $29,000. Osaic Holdings Inc. boosted its stake in shares of Payoneer Global by 91.7% during the 2nd quarter. Osaic Holdings Inc. now owns 5,919 shares of the company's stock valued at $28,000 after purchasing an additional 2,831 shares in the last quarter. C M Bidwell & Associates Ltd. bought a new stake in shares of Payoneer Global during the 3rd quarter valued at about $39,000. Finally, Tower Research Capital LLC TRC boosted its stake in shares of Payoneer Global by 63.3% during the 3rd quarter. Tower Research Capital LLC TRC now owns 6,452 shares of the company's stock valued at $39,000 after purchasing an additional 2,501 shares in the last quarter. Institutional investors own 82.22% of the company's stock.

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.