Payoneer Global (NASDAQ:PAYO) PT Lowered to $7.00 at Needham & Company LLC

Payoneer Global (NASDAQ:PAYO - Free Report) had its target price cut by Needham & Company LLC from $8.00 to $7.00 in a report published on Monday, Benzinga reports. They currently have a buy rating on the stock.

PAYO has been the subject of several other research reports. Cantor Fitzgerald decreased their target price on Payoneer Global from $8.00 to $7.00 and set an overweight rating for the company in a research report on Friday, March 1st. The Goldman Sachs Group decreased their target price on Payoneer Global from $7.00 to $6.00 and set a buy rating for the company in a research report on Thursday, January 11th. Keefe, Bruyette & Woods decreased their target price on Payoneer Global from $7.00 to $6.00 and set an outperform rating for the company in a research report on Thursday, February 29th. Benchmark reaffirmed a buy rating and issued a $7.00 target price on shares of Payoneer Global in a research report on Tuesday, March 26th. Finally, Citigroup reduced their price target on Payoneer Global from $7.50 to $6.00 and set a buy rating for the company in a report on Thursday, March 21st. Seven equities research analysts have rated the stock with a buy rating, According to data from MarketBeat, the stock presently has an average rating of Buy and an average target price of $6.57.

Payoneer Global Trading Up 0.6 %

PAYO stock traded up $0.03 during trading on Monday, reaching $4.89. 2,069,722 shares of the stock traded hands, compared to its average volume of 2,668,317. The business's 50 day moving average price is $4.87 and its 200-day moving average price is $5.26. Payoneer Global has a 52-week low of $4.02 and a 52-week 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. The firm has a market capitalization of $1.80 billion, a PE ratio of 20.38 and a beta of 0.81.

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

Insider Buying and Selling at Payoneer Global

In other Payoneer Global news, insider Tsafi Goldman sold 6,118 shares of the company's stock in a transaction that occurred on Friday, February 23rd. The stock was sold at an average price of $5.45, for a total transaction of $33,343.10. Following the sale, the insider now owns 858,332 shares in the company, valued at $4,677,909.40. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. In other news, Director Scott H. Galit sold 12,447 shares of the stock in a transaction that occurred on Tuesday, February 6th. The stock was sold at an average price of $4.88, for a total transaction of $60,741.36. Following the sale, the director now directly owns 3,190,571 shares in the company, valued at approximately $15,569,986.48. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Tsafi Goldman sold 6,118 shares of the stock in a transaction that occurred on Friday, February 23rd. The stock was sold at an average price of $5.45, for a total value of $33,343.10. Following the sale, the insider now owns 858,332 shares in the company, valued at $4,677,909.40. The disclosure for this sale can be found here. Insiders have sold 796,105 shares of company stock worth $3,744,909 over the last quarter. 5.57% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On Payoneer Global

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. PNC Financial Services Group Inc. bought a new position in Payoneer Global in the 4th quarter worth approximately $27,000. Federated Hermes Inc. bought a new position in Payoneer Global in the 4th quarter worth approximately $29,000. Osaic Holdings Inc. grew its holdings in Payoneer Global by 91.7% in the 2nd quarter. Osaic Holdings Inc. now owns 5,919 shares of the company's stock worth $28,000 after buying an additional 2,831 shares in the last quarter. C M Bidwell & Associates Ltd. bought a new position in Payoneer Global during the 3rd quarter valued at $39,000. Finally, Tower Research Capital LLC TRC boosted its stake in 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. 82.22% of the stock is owned by institutional investors.

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.