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

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 earned a consensus recommendation of "Moderate Buy" from the nine analysts that are currently covering the stock, MarketBeat reports. One research analyst has rated the stock with a hold rating and eight have assigned a buy rating to the company. The average twelve-month price objective among analysts that have covered the stock in the last year is $10.0625.

Several research firms have recently issued reports on PAYO. Citigroup reaffirmed a "buy" rating and set a $10.00 price objective (down from $13.00) on shares of Payoneer Global in a research report on Thursday, May 22nd. Wall Street Zen downgraded Payoneer Global from a "hold" rating to a "sell" rating in a report on Tuesday, September 9th. Needham & Company LLC raised their price objective on shares of Payoneer Global from $8.00 to $10.00 and gave the stock a "buy" rating in a report on Wednesday, August 6th. Jefferies Financial Group upped their target price on shares of Payoneer Global from $8.00 to $8.50 and gave the company a "buy" rating in a report on Tuesday, May 27th. Finally, Deutsche Bank Aktiengesellschaft assumed coverage on shares of Payoneer Global in a research report on Thursday, July 17th. They issued a "buy" rating and a $8.00 target price on the stock.

Institutional Inflows and Outflows

A number of hedge funds have recently added to or reduced their stakes in the company. Azora Capital LP acquired a new stake in shares of Payoneer Global in the second quarter valued at approximately $30,996,000. Nuveen LLC purchased a new stake in Payoneer Global in the 1st quarter valued at $28,023,000. Vanguard Group Inc. boosted its stake in Payoneer Global by 12.1% during the 1st quarter. Vanguard Group Inc. now owns 33,881,608 shares of the company's stock worth $247,675,000 after purchasing an additional 3,656,056 shares during the period. Invesco Ltd. grew its position in Payoneer Global by 137.3% during the 2nd quarter. Invesco Ltd. now owns 5,562,623 shares of the company's stock worth $38,104,000 after purchasing an additional 3,218,917 shares during the last quarter. Finally, Greenvale Capital LLP acquired a new position in Payoneer Global in the second quarter valued at $14,472,000. Hedge funds and other institutional investors own 82.22% of the company's stock.

Payoneer Global Trading Up 1.4%

Shares of NASDAQ:PAYO opened at $6.57 on Wednesday. Payoneer Global has a 52 week low of $5.71 and a 52 week high of $11.29. The company's 50 day moving average is $6.74 and its two-hundred day moving average is $6.86. The company has a market cap of $2.37 billion, a PE ratio of 25.27, a P/E/G ratio of 8.53 and a beta of 0.98.

Payoneer Global (NASDAQ:PAYO - Get Free Report) last issued its earnings results on Wednesday, August 6th. The company reported $0.05 EPS for the quarter, missing analysts' consensus estimates of $0.06 by ($0.01). Payoneer Global had a return on equity of 13.42% and a net margin of 9.81%.The firm had revenue of $260.61 million for the quarter, compared to analyst estimates of $253.17 million. During the same quarter in the previous year, the firm posted $0.09 EPS. The business's revenue for the quarter was up 8.8% on a year-over-year basis. As a group, equities research analysts expect 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.

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