Payoneer Global Inc. (NASDAQ:PAYO - Get Free Report) has been assigned a consensus recommendation of "Moderate Buy" from the eight analysts that are currently covering the company, MarketBeat reports. One research analyst has rated the stock with a hold rating and seven have assigned a buy rating to the company. The average 1-year price target among brokerages that have issued a report on the stock in the last year is $7.5714.
A number of analysts recently commented on the company. Benchmark decreased their target price on Payoneer Global from $10.00 to $7.00 and set a "buy" rating for the company in a research report on Friday, March 6th. Bank of America assumed coverage on Payoneer Global in a research report on Wednesday, March 25th. They issued a "buy" rating and a $6.00 target price for the company. Keefe, Bruyette & Woods decreased their target price on Payoneer Global from $7.50 to $7.00 and set an "outperform" rating for the company in a research report on Friday, February 27th. Wall Street Zen lowered Payoneer Global from a "hold" rating to a "sell" rating in a research report on Saturday, March 28th. Finally, Weiss Ratings reaffirmed a "hold (c)" rating on shares of Payoneer Global in a research report on Thursday, January 22nd.
Read Our Latest Research Report on Payoneer Global
Payoneer Global Price Performance
Shares of Payoneer Global stock opened at $5.05 on Thursday. Payoneer Global has a one year low of $4.08 and a one year high of $7.66. The firm has a market capitalization of $1.74 billion, a price-to-earnings ratio of 26.58, a PEG ratio of 0.63 and a beta of 1.03. The business has a 50-day simple moving average of $4.85 and a 200 day simple moving average of $5.42.
Payoneer Global (NASDAQ:PAYO - Get Free Report) last issued its earnings results on Thursday, February 26th. The company reported $0.05 EPS for the quarter, missing analysts' consensus estimates of $0.06 by ($0.01). Payoneer Global had a net margin of 6.95% and a return on equity of 10.89%. The firm had revenue of $274.69 million during the quarter, compared to the consensus estimate of $282.79 million. During the same period in the previous year, the firm earned $0.05 earnings per share. The business's quarterly revenue was up 5.0% on a year-over-year basis. On average, sell-side analysts expect that Payoneer Global will post 0.26 EPS for the current year.
Institutional Trading of Payoneer Global
A number of hedge funds and other institutional investors have recently added to or reduced their stakes in PAYO. Leonteq Securities AG increased its holdings in Payoneer Global by 72.0% during the 1st quarter. Leonteq Securities AG now owns 6,496 shares of the company's stock worth $31,000 after purchasing an additional 2,720 shares in the last quarter. Osaic Holdings Inc. increased its holdings in Payoneer Global by 246.5% during the 2nd quarter. Osaic Holdings Inc. now owns 4,636 shares of the company's stock worth $33,000 after purchasing an additional 3,298 shares in the last quarter. Resonant Capital Advisors LLC bought a new stake in Payoneer Global during the 1st quarter worth approximately $49,000. CWM LLC increased its holdings in Payoneer Global by 178.6% during the 4th quarter. CWM LLC now owns 9,384 shares of the company's stock worth $53,000 after purchasing an additional 6,016 shares in the last quarter. Finally, Vident Advisory LLC bought a new stake in Payoneer Global during the 4th quarter worth approximately $58,000. 82.22% of the stock is owned by institutional investors.
Payoneer Global Company Profile
(
Get Free Report)
Payoneer Global NASDAQ: PAYO operates a digital payments platform that enables businesses, marketplaces and professionals to send and receive cross-border payments. The company's core offerings include multi-currency receiving accounts, mass payout services and working capital solutions. Through its platform, Payoneer facilitates global transactions by connecting payors and payees across a network of local bank transfers, card payouts and digital wallets, supporting the seamless movement of funds in over 150 currencies.
Founded in 2005, Payoneer has grown from a small fintech venture into a widely adopted payments infrastructure provider that serves clients in more than 200 countries and territories.
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