Brokerages Set Payoneer Global Inc. (NASDAQ:PAYO) Target Price at $10.44

Shares of Payoneer Global Inc. (NASDAQ:PAYO - Get Free Report) have been assigned an average recommendation of "Buy" from the ten brokerages that are covering the company, MarketBeat reports. One research analyst has rated the stock with a hold rating, eight have assigned a buy rating and one has assigned a strong buy rating to the company. The average 12 month target price among analysts that have updated their coverage on the stock in the last year is $10.44.

A number of brokerages have issued reports on PAYO. Jefferies Financial Group boosted their price target on Payoneer Global from $8.00 to $8.50 and gave the company a "buy" rating in a report on Tuesday, May 27th. The Goldman Sachs Group decreased their price target on Payoneer Global from $11.00 to $9.00 and set a "buy" rating for the company in a report on Wednesday, April 2nd. Citigroup reissued a "buy" rating and issued a $10.00 price target (down from $13.00) on shares of Payoneer Global in a report on Thursday, May 22nd. Needham & Company LLC decreased their price target on Payoneer Global from $14.00 to $8.00 and set a "buy" rating for the company in a report on Thursday, May 8th. Finally, Keefe, Bruyette & Woods raised Payoneer Global from a "market perform" rating to an "outperform" rating and boosted their price target for the company from $7.00 to $9.00 in a report on Tuesday, May 13th.

Insider Activity

In other news, Director Susanna Morgan sold 16,180 shares of the business's stock in a transaction that occurred on Monday, June 2nd. The stock was sold at an average price of $6.77, for a total value of $109,538.60. Following the completion of the sale, the director now directly owns 80,902 shares in the company, valued at $547,706.54. The trade was a 16.67% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Company insiders own 2.58% of the company's stock.

Institutional Trading of Payoneer Global

Institutional investors and hedge funds have recently made changes to their positions in the business. Strs Ohio purchased a new stake in shares of Payoneer Global during the first quarter worth approximately $812,000. Intech Investment Management LLC increased its position in shares of Payoneer Global by 44.0% during the first quarter. Intech Investment Management LLC now owns 306,202 shares of the company's stock worth $2,238,000 after purchasing an additional 93,524 shares in the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC increased its position in shares of Payoneer Global by 5.9% during the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 757,827 shares of the company's stock worth $5,540,000 after purchasing an additional 41,970 shares in the last quarter. United Services Automobile Association purchased a new stake in shares of Payoneer Global during the first quarter worth approximately $126,000. Finally, Caxton Associates LLP purchased a new stake in shares of Payoneer Global during the first quarter worth approximately $172,000. 82.22% of the stock is currently owned by hedge funds and other institutional investors.

Payoneer Global Stock Up 1.5%

Shares of Payoneer Global stock traded up $0.10 on Monday, reaching $6.96. 2,646,116 shares of the stock were exchanged, compared to its average volume of 3,204,790. Payoneer Global has a twelve month low of $5.03 and a twelve month high of $11.29. The firm has a market capitalization of $2.52 billion, a price-to-earnings ratio of 19.89, a PEG ratio of 2.88 and a beta of 0.99. The business has a 50 day moving average price of $6.75 and a two-hundred day moving average price of $8.60.

Payoneer Global (NASDAQ:PAYO - Get Free Report) last released its earnings results on Wednesday, May 7th. The company reported $0.05 EPS for the quarter, missing analysts' consensus estimates of $0.07 by ($0.02). Payoneer Global had a return on equity of 17.78% and a net margin of 13.82%. The firm had revenue of $246.62 million for the quarter, compared to analyst estimates of $244.52 million. During the same period last year, the firm earned $0.08 EPS. The company's revenue for the quarter was up 8.1% compared to the same quarter last year. Research analysts forecast 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.