Payoneer Global Inc. (NASDAQ:PAYO) Receives $9.81 Average Target Price from Analysts

Key Points

• Analysts have given Payoneer Global Inc. (NASDAQ:PAYO) a consensus recommendation of "Buy", with an average 1-year target price of $9.81.
• Insider activities include Director Susanna Morgan selling 16,180 shares of stock at an average price of $6.77, representing a 16.67% decrease in her holdings.
• Payoneer Global's recent earnings report showed a net revenue increase of 8.1% year-over-year, despite missing earnings per share estimates.

Shares of Payoneer Global Inc. (NASDAQ:PAYO - Get Free Report) have been given a consensus rating of "Buy" by the ten analysts that are presently covering the stock, Marketbeat.com reports. One investment analyst has rated the stock with a hold rating, eight have assigned a buy rating and one has given a strong buy rating to the company. The average twelve-month price objective among brokerages that have issued a report on the stock in the last year is $9.81.

PAYO has been the topic of a number of research analyst reports. The Goldman Sachs Group lowered their target price on Payoneer Global from $11.00 to $9.00 and set a "buy" rating on the stock in a report on Wednesday, April 2nd. Needham & Company LLC cut their price objective on Payoneer Global from $14.00 to $8.00 and set a "buy" rating for the company in a research report on Thursday, May 8th. 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 report on Tuesday, May 13th. Deutsche Bank Aktiengesellschaft initiated coverage on Payoneer Global in a research report on Thursday, July 17th. They issued a "buy" rating and a $8.00 price objective for the company. Finally, Citigroup reissued a "buy" rating and issued a $10.00 target price (down from $13.00) on shares of Payoneer Global in a research note on Thursday, May 22nd.

Insiders Place Their Bets

In other Payoneer Global 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 transaction of $109,538.60. Following the transaction, the director directly owned 80,902 shares in the company, valued at approximately $547,706.54. The trade was a 16.67% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Corporate insiders own 2.58% of the company's stock.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently added to or reduced their stakes in PAYO. Susquehanna Capital Management LLC lifted its holdings in shares of Payoneer Global by 290.3% in the fourth quarter. Susquehanna Capital Management LLC now owns 25,268,954 shares of the company's stock valued at $253,700,000 after purchasing an additional 18,794,047 shares in the last quarter. Nuveen LLC acquired a new position in Payoneer Global during the first quarter worth approximately $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 worth $247,675,000 after buying an additional 3,656,056 shares during the last quarter. Arrowstreet Capital Limited Partnership increased its position in Payoneer Global by 200.0% during the fourth quarter. Arrowstreet Capital Limited Partnership now owns 3,470,347 shares of the company's stock worth $34,842,000 after buying an additional 2,313,481 shares during the last quarter. Finally, Deutsche Bank AG grew its position in shares of Payoneer Global by 252.8% in the fourth quarter. Deutsche Bank AG now owns 2,779,110 shares of the company's stock valued at $27,902,000 after purchasing an additional 1,991,449 shares during the last quarter. 82.22% of the stock is currently owned by institutional investors.

Payoneer Global Trading Up 0.8%

PAYO stock traded up $0.05 during mid-day trading on Tuesday, hitting $6.66. The stock had a trading volume of 3,098,766 shares, compared to its average volume of 3,320,783. Payoneer Global has a 1-year low of $5.03 and a 1-year high of $11.29. The company has a fifty day moving average of $6.79 and a 200 day moving average of $7.74. The stock has a market capitalization of $2.41 billion, a price-to-earnings ratio of 22.20 and a beta of 0.98.

Payoneer Global (NASDAQ:PAYO - Get Free Report) last issued its quarterly earnings data on Wednesday, May 7th. The company reported $0.05 EPS for the quarter, missing analysts' consensus estimates of $0.07 by ($0.02). The company had revenue of $246.62 million for the quarter, compared to analyst estimates of $244.52 million. Payoneer Global had a net margin of 11.32% and a return on equity of 15.70%. The business's revenue was up 8.1% on a year-over-year basis. During the same period in the prior year, the company posted $0.08 EPS. As a group, sell-side analysts expect that Payoneer Global will post 0.34 earnings per share for the current fiscal year.

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.