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

Key Points

• Payoneer Global Inc. has received an average rating of "Moderate Buy" from analysts, with one hold and eight buy recommendations overall.
• Recent analyst price targets for Payoneer range from $8.00 to $10.00, reflecting positive outlooks from firms including Jefferies Financial Group and Deutsche Bank.
• The company's stock has shown 5.4% growth recently and has a market capitalization of approximately $2.53 billion, despite missing EPS estimates in its last earnings report.

Payoneer Global Inc. (NASDAQ:PAYO - Get Free Report) has received an average recommendation of "Moderate Buy" from the nine analysts that are covering the stock, Marketbeat reports. One research analyst has rated the stock with a hold rating and eight have issued a buy rating on the company. The average 1 year price target among brokerages that have issued a report on the stock in the last year is $10.0625.

A number of research analysts have issued reports on the company. Keefe, Bruyette & Woods upgraded Payoneer Global from a "market perform" rating to an "outperform" rating and lifted their price objective for the company from $7.00 to $9.00 in a research note on Tuesday, May 13th. Citigroup reaffirmed a "buy" rating and set a $10.00 price objective (down from $13.00) on shares of Payoneer Global in a research report on Thursday, May 22nd. Deutsche Bank Aktiengesellschaft started coverage on Payoneer Global in a report on Thursday, July 17th. They issued a "buy" rating and a $8.00 price objective for the company. Wall Street Zen downgraded Payoneer Global from a "hold" rating to a "sell" rating in a report on Sunday. Finally, Jefferies Financial Group lifted their price objective on Payoneer Global from $8.00 to $8.50 and gave the stock a "buy" rating in a report on Tuesday, May 27th.

Payoneer Global Trading Up 1.3%

NASDAQ:PAYO traded up $0.09 during trading hours on Friday, reaching $6.88. 1,957,572 shares of the company traded hands, compared to its average volume of 3,963,786. The business's 50-day moving average price is $6.76 and its two-hundred day moving average price is $7.19. The stock has a market capitalization of $2.48 billion, a P/E ratio of 26.46, a P/E/G ratio of 8.94 and a beta of 0.97. Payoneer Global has a 1 year low of $5.71 and a 1 year high of $11.29.

Payoneer Global (NASDAQ:PAYO - Get Free Report) last announced its quarterly earnings data on Wednesday, August 6th. The company reported $0.05 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.06 by ($0.01). The company had revenue of $260.61 million for the quarter, compared to analysts' expectations of $253.17 million. Payoneer Global had a net margin of 9.81% and a return on equity of 13.42%. The firm's quarterly revenue was up 8.8% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.09 EPS. As a group, equities analysts anticipate that Payoneer Global will post 0.34 EPS for the current year.

Insider Buying and Selling

In related news, Director Susanna Morgan sold 16,180 shares of Payoneer Global stock in a transaction dated Monday, June 2nd. The stock was sold at an average price of $6.77, for a total value of $109,538.60. Following the completion of the sale, the director directly owned 80,902 shares in the company, valued at approximately $547,706.54. This trade represents a 16.67% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 2.58% of the company's stock.

Institutional Investors Weigh In On Payoneer Global

Several large investors have recently bought and sold shares of PAYO. Susquehanna Capital Management LLC increased its position in Payoneer Global by 290.3% during the fourth quarter. Susquehanna Capital Management LLC now owns 25,268,954 shares of the company's stock valued at $253,700,000 after acquiring an additional 18,794,047 shares during the last quarter. Azora Capital LP purchased a new stake in Payoneer Global during the second quarter valued at $30,996,000. Nuveen LLC purchased a new stake in Payoneer Global during the first quarter valued at $28,023,000. Vanguard Group Inc. increased its position in Payoneer Global by 12.1% during the first quarter. Vanguard Group Inc. now owns 33,881,608 shares of the company's stock valued at $247,675,000 after acquiring an additional 3,656,056 shares during the last quarter. Finally, Invesco Ltd. increased its position in Payoneer Global by 137.3% during the second quarter. Invesco Ltd. now owns 5,562,623 shares of the company's stock valued at $38,104,000 after acquiring an additional 3,218,917 shares during the last quarter. 82.22% of the stock is currently 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.