Brokerages Set Payoneer Global Inc. (NASDAQ:PAYO) Price Target at $10.06

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 been assigned an average rating of "Moderate Buy" from the nine research firms that are presently covering the company, MarketBeat Ratings reports. One investment analyst has rated the stock with a hold recommendation and eight have issued a buy recommendation on the company. The average twelve-month price target among brokers that have updated their coverage on the stock in the last year is $10.0625.

PAYO has been the topic of several recent research reports. Wall Street Zen downgraded shares of Payoneer Global from a "hold" rating to a "sell" rating in a research report on Sunday. Deutsche Bank Aktiengesellschaft began coverage on Payoneer Global in a research report on Thursday, July 17th. They issued a "buy" rating and a $8.00 price target on the stock. Needham & Company LLC lifted their price objective on Payoneer Global from $8.00 to $10.00 and gave the stock a "buy" rating in a research note on Wednesday, August 6th. Jefferies Financial Group boosted their price target on shares of Payoneer Global from $8.00 to $8.50 and gave the stock a "buy" rating in a research report on Tuesday, May 27th. Finally, Citigroup restated a "buy" rating and issued a $10.00 target price (down previously from $13.00) on shares of Payoneer Global in a report on Thursday, May 22nd.

Payoneer Global Trading Up 0.1%

NASDAQ PAYO traded up $0.01 during trading on Friday, reaching $6.77. The company's stock had a trading volume of 1,345,493 shares, compared to its average volume of 3,390,110. The firm has a 50 day moving average price of $6.75 and a 200 day moving average price of $7.21. Payoneer Global has a 12 month low of $5.71 and a 12 month high of $11.29. The firm has a market capitalization of $2.44 billion, a price-to-earnings ratio of 26.02, a price-to-earnings-growth ratio of 8.92 and a beta of 0.97.

Payoneer Global (NASDAQ:PAYO - Get Free Report) last issued its quarterly earnings results on Wednesday, August 6th. The company reported $0.05 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.06 by ($0.01). The company had revenue of $260.61 million during the quarter, compared to the consensus estimate of $253.17 million. Payoneer Global had a net margin of 9.81% and a return on equity of 13.42%. The company's quarterly revenue was up 8.8% on a year-over-year basis. During the same quarter last year, the firm posted $0.09 earnings per share. On average, equities analysts forecast that Payoneer Global will post 0.34 EPS for the current fiscal year.

Insider Buying and Selling

In other news, Director Susanna Morgan sold 16,180 shares of the company's stock in a transaction on Monday, June 2nd. The shares were sold at an average price of $6.77, for a total value of $109,538.60. Following the completion of the sale, the director owned 80,902 shares of the company's stock, valued at approximately $547,706.54. This represents a 16.67% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 2.58% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of the company. Farther Finance Advisors LLC purchased a new position in Payoneer Global in the first quarter worth about $25,000. Quarry LP bought a new position in Payoneer Global during the fourth quarter valued at approximately $29,000. BI Asset Management Fondsmaeglerselskab A S purchased a new stake in Payoneer Global during the first quarter valued at $34,000. Versant Capital Management Inc lifted its holdings in shares of Payoneer Global by 420.6% in the 1st quarter. Versant Capital Management Inc now owns 5,034 shares of the company's stock valued at $37,000 after acquiring an additional 4,067 shares during the last quarter. Finally, IFP Advisors Inc boosted its holdings in shares of Payoneer Global by 47,800.0% in the 1st quarter. IFP Advisors Inc now owns 6,227 shares of the company's stock worth $46,000 after purchasing an additional 6,214 shares during the period. 82.22% of the stock is owned by hedge funds and other institutional investors.

About Payoneer Global

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.