Shares of Payoneer Global Inc. (NASDAQ:PAYO - Get Free Report) have earned a consensus rating of "Moderate Buy" from the ten research firms that are presently covering the stock, Marketbeat.com reports. Two equities research analysts have rated the stock with a hold rating and eight have given a buy rating to the company. The average 1 year target price among analysts that have updated their coverage on the stock in the last year is $10.0625.
PAYO has been the subject of several recent research reports. Weiss Ratings reaffirmed a "hold (c)" rating on shares of Payoneer Global in a research report on Wednesday. Wall Street Zen raised shares of Payoneer Global from a "sell" rating to a "hold" rating in a research report on Friday, October 3rd. Needham & Company LLC reaffirmed a "buy" rating and issued a $10.00 price objective on shares of Payoneer Global in a research report on Monday, October 6th. Finally, Deutsche Bank Aktiengesellschaft initiated coverage on shares of Payoneer Global in a research report on Thursday, July 17th. They issued a "buy" rating and a $8.00 price objective for the company.
Read Our Latest Analysis on Payoneer Global
Payoneer Global Stock Performance
NASDAQ PAYO opened at $5.85 on Friday. Payoneer Global has a one year low of $5.71 and a one year high of $11.29. The company's 50 day moving average price is $6.58 and its 200 day moving average price is $6.71. The firm has a market capitalization of $2.11 billion, a price-to-earnings ratio of 22.50, a PEG ratio of 7.70 and a beta of 0.95.
Payoneer Global (NASDAQ:PAYO - Get Free Report) last posted its quarterly earnings results on Wednesday, August 6th. The company reported $0.05 EPS for the quarter, missing the consensus estimate of $0.06 by ($0.01). Payoneer Global had a net margin of 9.81% and a return on equity of 13.42%. The business had revenue of $260.61 million during the quarter, compared to analysts' expectations of $253.17 million. During the same quarter in the previous year, the business posted $0.09 EPS. The company's quarterly revenue was up 8.8% on a year-over-year basis. Sell-side analysts forecast that Payoneer Global will post 0.34 EPS for the current fiscal year.
Hedge Funds Weigh In On Payoneer Global
Several institutional investors and hedge funds have recently made changes to their positions in the business. Vanguard Group Inc. boosted its stake in shares of Payoneer Global by 12.1% during the 1st quarter. Vanguard Group Inc. now owns 33,881,608 shares of the company's stock valued at $247,675,000 after buying an additional 3,656,056 shares during the last quarter. American Century Companies Inc. boosted its stake in shares of Payoneer Global by 15.1% during the 1st quarter. American Century Companies Inc. now owns 9,403,250 shares of the company's stock valued at $68,738,000 after buying an additional 1,236,598 shares during the last quarter. Price T Rowe Associates Inc. MD boosted its stake in shares of Payoneer Global by 3.0% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 8,970,295 shares of the company's stock valued at $65,574,000 after buying an additional 260,306 shares during the last quarter. Millennium Management LLC boosted its stake in shares of Payoneer Global by 15.5% during the 1st quarter. Millennium Management LLC now owns 7,537,691 shares of the company's stock valued at $55,101,000 after buying an additional 1,014,096 shares during the last quarter. Finally, Geode Capital Management LLC boosted its stake in shares of Payoneer Global by 3.3% during the 2nd quarter. Geode Capital Management LLC now owns 7,058,130 shares of the company's stock valued at $48,353,000 after buying an additional 226,215 shares during the last quarter. 82.22% of the stock is currently owned by hedge funds and other institutional investors.
About Payoneer Global
(
Get Free Report)
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.
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