Payoneer Global Inc. (NASDAQ:PAYO) Given Average Rating of "Buy" by Analysts

Shares of Payoneer Global Inc. (NASDAQ:PAYO - Get Free Report) have been given a consensus rating of "Buy" by the ten ratings firms that are presently covering the stock, MarketBeat.com reports. One analyst has rated the stock with a hold recommendation, eight have issued a buy recommendation and one has given a strong buy recommendation to the company. The average twelve-month price objective among brokerages that have covered the stock in the last year is $10.44.

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

Payoneer Global Stock Down 0.9%

PAYO stock traded down $0.06 during trading on Monday, reaching $6.90. The stock had a trading volume of 1,929,375 shares, compared to its average volume of 3,199,711. The company has a market capitalization of $2.50 billion, a price-to-earnings ratio of 19.71, a P/E/G ratio of 2.88 and a beta of 0.99. Payoneer Global has a one year low of $5.03 and a one year high of $11.29. The company's 50 day moving average is $6.75 and its two-hundred day moving average is $8.60.

Payoneer Global (NASDAQ:PAYO - Get Free Report) last issued its quarterly 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). The business had revenue of $246.62 million for the quarter, compared to the consensus estimate of $244.52 million. Payoneer Global had a return on equity of 17.78% and a net margin of 13.82%. The business's revenue was up 8.1% compared to the same quarter last year. During the same quarter last year, the business posted $0.08 earnings per share. As a group, research analysts predict that Payoneer Global will post 0.34 earnings per share for the current fiscal year.

Insider Activity

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

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of the company. Quarry LP purchased a new stake in shares of Payoneer Global in the fourth quarter worth $29,000. Farther Finance Advisors LLC bought a new position in shares of Payoneer Global in the 1st quarter worth $25,000. Smartleaf Asset Management LLC raised its position in shares of Payoneer Global by 405.8% during the 4th quarter. Smartleaf Asset Management LLC now owns 3,819 shares of the company's stock valued at $38,000 after buying an additional 3,064 shares in the last quarter. BI Asset Management Fondsmaeglerselskab A S bought a new stake in shares of Payoneer Global during the 1st quarter worth $34,000. Finally, Versant Capital Management Inc grew its position in Payoneer Global by 420.6% in the first quarter. Versant Capital Management Inc now owns 5,034 shares of the company's stock worth $37,000 after acquiring an additional 4,067 shares in the last quarter. 82.22% of the stock is owned by institutional investors.

About Payoneer Global

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.