Payoneer Global Inc. (NASDAQ:PAYO) Given Consensus Rating of "Moderate Buy" by Brokerages

Key Points

• Payoneer Global Inc. has received a consensus recommendation of "Moderate Buy" from nine analysts, with an average twelve-month price target of $10.0625.
• Recent reports show mixed ratings for Payoneer, with Citigroup maintaining a buy rating but lowering its price objective to $10.00, while a downgrade to a sell rating was issued by Wall Street Zen.
• The company's shares recently traded at $6.57, with a 52-week low of $5.71 and a high of $11.29, reflecting a market cap of $2.37 billion.

Shares of Payoneer Global Inc. (NASDAQ:PAYO - Get Free Report) have been given a consensus recommendation of "Moderate Buy" by the nine ratings firms that are presently covering the firm, Marketbeat reports. One investment analyst has rated the stock with a hold recommendation and eight have issued a buy recommendation on the company. The average 1-year price objective among brokers that have covered the stock in the last year is $10.0625.

Several research analysts recently weighed in on PAYO shares. Jefferies Financial Group lifted their price objective on shares of Payoneer Global from $8.00 to $8.50 and gave the stock a "buy" rating in a research note on Tuesday, May 27th. Wall Street Zen lowered shares of Payoneer Global from a "hold" rating to a "sell" rating in a research note on Tuesday, September 9th. Needham & Company LLC lifted their price objective on shares of Payoneer Global from $8.00 to $10.00 and gave the stock a "buy" rating in a research note on Wednesday, August 6th. Finally, Deutsche Bank Aktiengesellschaft started coverage on shares of Payoneer Global in a research note on Thursday, July 17th. They set a "buy" rating and a $8.00 price objective on the stock.

Institutional Trading of Payoneer Global

Several hedge funds have recently bought and sold shares of PAYO. ProShare Advisors LLC raised its holdings in Payoneer Global by 48.4% during the 4th quarter. ProShare Advisors LLC now owns 86,783 shares of the company's stock worth $871,000 after buying an additional 28,286 shares during the period. Tidal Investments LLC raised its holdings in Payoneer Global by 14.0% during the 4th quarter. Tidal Investments LLC now owns 222,733 shares of the company's stock worth $2,236,000 after buying an additional 27,326 shares during the period. Two Sigma Investments LP raised its holdings in Payoneer Global by 20.9% during the 4th quarter. Two Sigma Investments LP now owns 2,659,520 shares of the company's stock worth $26,702,000 after buying an additional 458,891 shares during the period. Two Sigma Advisers LP raised its holdings in Payoneer Global by 31.1% during the 4th quarter. Two Sigma Advisers LP now owns 2,711,300 shares of the company's stock worth $27,221,000 after buying an additional 642,400 shares during the period. Finally, Vident Advisory LLC acquired a new stake in shares of Payoneer Global in the fourth quarter valued at approximately $220,000. 82.22% of the stock is currently owned by institutional investors and hedge funds.

Payoneer Global Price Performance

Shares of NASDAQ PAYO traded down $0.05 during mid-day trading on Wednesday, hitting $6.59. The company's stock had a trading volume of 9,931,681 shares, compared to its average volume of 2,791,050. The stock has a market cap of $2.37 billion, a price-to-earnings ratio of 25.35, a price-to-earnings-growth ratio of 8.74 and a beta of 0.98. Payoneer Global has a one year low of $5.71 and a one year high of $11.29. The company's fifty day simple moving average is $6.73 and its 200-day simple moving average is $6.84.

Payoneer Global (NASDAQ:PAYO - Get Free Report) last issued its 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). 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 the consensus estimate of $253.17 million. During the same period last year, the business posted $0.09 EPS. The firm's revenue for the quarter was up 8.8% compared to the same quarter last year. On average, sell-side analysts predict that Payoneer Global will post 0.34 EPS for the current 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.