Payoneer Global (NASDAQ:PAYO) Given Hold (C) Rating at Weiss Ratings

Key Points

• Payoneer Global's stock has been given a "hold (c)" rating by Weiss Ratings, while Needham & Company has issued a "buy" rating with a $10.00 price target.
• The company reported $0.05 earnings per share for the last quarter, slightly missing the consensus estimate, but still achieved revenue of $260.61 million, exceeding analyst expectations.
• Institutional investors hold 82.22% of Payoneer Global's shares, with significant recent activity including substantial increases in stake by several hedge funds.

Payoneer Global (NASDAQ:PAYO - Get Free Report)'s stock had its "hold (c)" rating reiterated by equities researchers at Weiss Ratings in a research note issued to investors on Wednesday,Weiss Ratings reports.

A number of other brokerages also recently weighed in on PAYO. Needham & Company LLC reissued a "buy" rating and issued a $10.00 price target on shares of Payoneer Global in a report on Monday. Wall Street Zen raised shares of Payoneer Global from a "sell" rating to a "hold" rating in a report on Friday, October 3rd. Finally, Deutsche Bank Aktiengesellschaft began coverage on shares of Payoneer Global in a report on Thursday, July 17th. They issued a "buy" rating and a $8.00 price target for the company. Eight equities research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. According to data from MarketBeat.com, Payoneer Global currently has a consensus rating of "Moderate Buy" and a consensus target price of $10.06.

Payoneer Global Stock Up 0.7%

PAYO stock opened at $6.15 on Wednesday. The company has a market capitalization of $2.22 billion, a P/E ratio of 23.65, a PEG ratio of 8.04 and a beta of 0.95. The company has a 50-day simple moving average of $6.60 and a 200 day simple moving average of $6.74. Payoneer Global has a fifty-two week low of $5.71 and a fifty-two week high of $11.29.

Payoneer Global (NASDAQ:PAYO - Get Free Report) last posted its quarterly earnings data on Wednesday, August 6th. The company reported $0.05 earnings per share for the quarter, missing the consensus estimate of $0.06 by ($0.01). The company had revenue of $260.61 million during the quarter, compared to analyst estimates of $253.17 million. Payoneer Global had a return on equity of 13.42% and a net margin of 9.81%.The business's revenue for the quarter was up 8.8% compared to the same quarter last year. During the same period in the previous year, the company earned $0.09 EPS. Equities analysts anticipate that Payoneer Global will post 0.34 EPS for the current year.

Institutional Trading of Payoneer Global

Hedge funds have recently bought and sold shares of the company. Farther Finance Advisors LLC purchased a new stake in Payoneer Global during the first quarter valued at about $25,000. BI Asset Management Fondsmaeglerselskab A S purchased a new stake in Payoneer Global during the first quarter valued at about $34,000. Osaic Holdings Inc. lifted its position in shares of Payoneer Global by 246.5% in the second quarter. Osaic Holdings Inc. now owns 4,636 shares of the company's stock worth $33,000 after purchasing an additional 3,298 shares in the last quarter. IFP Advisors Inc lifted its position in shares of Payoneer Global by 47,800.0% in the first quarter. IFP Advisors Inc now owns 6,227 shares of the company's stock worth $46,000 after purchasing an additional 6,214 shares in the last quarter. Finally, Mirae Asset Global Investments Co. Ltd. lifted its position in shares of Payoneer Global by 559.9% in the first quarter. Mirae Asset Global Investments Co. Ltd. now owns 8,480 shares of the company's stock worth $62,000 after purchasing an additional 7,195 shares in the last quarter. 82.22% of the stock is owned by hedge funds and other institutional investors.

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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