Brokerages Set Payoneer Global Inc. (NASDAQ:PAYO) PT at $12.36

Payoneer Global Inc. (NASDAQ:PAYO - Get Free Report) has been assigned a consensus rating of "Moderate Buy" from the nine ratings firms that are presently covering the firm, MarketBeat reports. Two research analysts have rated the stock with a hold rating, six have issued a buy rating and one has issued a strong buy rating on the company. The average 1 year price target among brokers that have covered the stock in the last year is $12.36.

Several equities analysts have issued reports on PAYO shares. Keefe, Bruyette & Woods dropped their target price on Payoneer Global from $10.00 to $8.00 and set a "market perform" rating on the stock in a research report on Monday, March 31st. Citigroup upped their price target on Payoneer Global from $14.50 to $16.50 and gave the stock a "buy" rating in a report on Tuesday, March 4th. The Goldman Sachs Group reduced their price objective on Payoneer Global from $11.00 to $9.00 and set a "buy" rating for the company in a report on Wednesday, April 2nd. Wolfe Research lowered Payoneer Global from an "outperform" rating to a "peer perform" rating in a report on Wednesday, January 8th. Finally, Deutsche Bank Aktiengesellschaft began coverage on shares of Payoneer Global in a report on Monday, February 3rd. They set a "buy" rating and a $13.00 target price for the company.

Institutional Investors Weigh In On Payoneer Global

Several institutional investors and hedge funds have recently modified their holdings of the stock. Blue Trust Inc. lifted its position in Payoneer Global by 21.2% during the 4th quarter. Blue Trust Inc. now owns 5,380 shares of the company's stock worth $54,000 after acquiring an additional 940 shares in the last quarter. Maryland State Retirement & Pension System raised its stake in shares of Payoneer Global by 1.2% during the fourth quarter. Maryland State Retirement & Pension System now owns 86,467 shares of the company's stock valued at $868,000 after purchasing an additional 1,002 shares during the period. Fifth Third Bancorp lifted its position in shares of Payoneer Global by 29.3% during the fourth quarter. Fifth Third Bancorp now owns 4,488 shares of the company's stock worth $45,000 after purchasing an additional 1,016 shares in the last quarter. State of Alaska Department of Revenue boosted its stake in shares of Payoneer Global by 1.0% in the fourth quarter. State of Alaska Department of Revenue now owns 145,923 shares of the company's stock valued at $1,465,000 after purchasing an additional 1,498 shares during the period. Finally, Summit Investment Advisors Inc. grew its holdings in Payoneer Global by 5.8% during the 4th quarter. Summit Investment Advisors Inc. now owns 30,355 shares of the company's stock valued at $305,000 after purchasing an additional 1,663 shares in the last quarter. Hedge funds and other institutional investors own 82.22% of the company's stock.

Payoneer Global Price Performance

Shares of NASDAQ:PAYO traded up $0.05 during trading on Friday, reaching $6.70. The company had a trading volume of 220,619 shares, compared to its average volume of 3,047,487. The stock's fifty day moving average price is $7.61 and its 200 day moving average price is $9.14. Payoneer Global has a fifty-two week low of $4.86 and a fifty-two week high of $11.29. The firm has a market capitalization of $2.41 billion, a price-to-earnings ratio of 19.13, a price-to-earnings-growth ratio of 2.88 and a beta of 1.02.

Payoneer Global (NASDAQ:PAYO - Get Free Report) last released its earnings results on Thursday, February 27th. The company reported $0.05 EPS for the quarter, missing the consensus estimate of $0.06 by ($0.01). Payoneer Global had a return on equity of 17.78% and a net margin of 13.82%. The firm had revenue of $261.74 million during the quarter, compared to analyst estimates of $242.14 million. During the same quarter last year, the business posted $0.05 EPS. On average, equities analysts anticipate that Payoneer Global will post 0.34 EPS for the current fiscal year.

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.