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

Key Points

• "Moderate Buy" consensus from eight brokerages (seven buy, one hold) with an average 12‑month price target of $7.57, though several analysts have trimmed targets recently (Benchmark to $7, KBW to $7, Needham to $8) and one firm downgraded to a sell.
• Payoneer missed quarterly estimates, reporting $0.05 EPS vs. $0.06 expected and $274.7M revenue vs. $282.8M expected, while revenue was up 5% year‑over‑year and analysts forecast $0.34 EPS for the fiscal year.
• The stock trades around $4.92 (52‑week range $4.08–$7.66) with a $1.70B market cap, and institutional investors/hedge funds own about 82.22% of the shares after notable increases by RBC and UBS AM.

Shares of Payoneer Global Inc. (NASDAQ:PAYO - Get Free Report) have earned a consensus rating of "Moderate Buy" from the eight brokerages that are currently covering the company, Marketbeat Ratings reports. One analyst has rated the stock with a hold rating and seven have assigned a buy rating to the company. The average 12-month price objective among analysts that have updated their coverage on the stock in the last year is $7.5714.

Several research analysts recently commented on the company. Benchmark lowered their target price on Payoneer Global from $10.00 to $7.00 and set a "buy" rating for the company in a research note on Friday, March 6th. Wall Street Zen cut Payoneer Global from a "hold" rating to a "sell" rating in a research note on Saturday, March 28th. Weiss Ratings reissued a "hold (c)" rating on shares of Payoneer Global in a research report on Thursday, January 22nd. Keefe, Bruyette & Woods cut their target price on shares of Payoneer Global from $7.50 to $7.00 and set an "outperform" rating on the stock in a research note on Friday, February 27th. Finally, Needham & Company LLC decreased their price target on shares of Payoneer Global from $10.00 to $8.00 and set a "buy" rating for the company in a research note on Thursday, February 26th.

Institutional Investors Weigh In On Payoneer Global

Several institutional investors have recently modified their holdings of PAYO. Royal Bank of Canada increased its holdings in Payoneer Global by 299.7% in the first quarter. Royal Bank of Canada now owns 158,997 shares of the company's stock valued at $1,162,000 after buying an additional 119,219 shares during the last quarter. AQR Capital Management LLC lifted its holdings in Payoneer Global by 8.8% during the 1st quarter. AQR Capital Management LLC now owns 291,908 shares of the company's stock worth $2,134,000 after buying an additional 23,533 shares during the last quarter. Caxton Associates LLP acquired a new position in shares of Payoneer Global during the 1st quarter worth about $172,000. United Services Automobile Association purchased a new position in shares of Payoneer Global in the 1st quarter valued at about $126,000. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC increased its holdings in shares of Payoneer Global by 5.9% in the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 757,827 shares of the company's stock valued at $5,540,000 after acquiring an additional 41,970 shares during the last quarter. 82.22% of the stock is owned by hedge funds and other institutional investors.

Payoneer Global Price Performance

Payoneer Global stock opened at $4.92 on Friday. Payoneer Global has a 52-week low of $4.08 and a 52-week high of $7.66. The firm has a market cap of $1.70 billion, a PE ratio of 25.90, a price-to-earnings-growth ratio of 0.62 and a beta of 1.03. The company's 50 day moving average is $5.19 and its two-hundred day moving average is $5.59.

Payoneer Global (NASDAQ:PAYO - Get Free Report) last posted its quarterly earnings data on Thursday, February 26th. The company reported $0.05 earnings per share for the quarter, missing analysts' consensus estimates of $0.06 by ($0.01). The company had revenue of $274.69 million for the quarter, compared to analysts' expectations of $282.79 million. Payoneer Global had a return on equity of 10.89% and a net margin of 6.95%.The firm's revenue was up 5.0% compared to the same quarter last year. During the same period in the prior year, the company posted $0.05 EPS. On average, equities research analysts anticipate that Payoneer Global will post 0.34 earnings per share for the current fiscal year.

Payoneer Global Company Profile

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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