Payoneer Global (NASDAQ:PAYO) Upgraded by Wall Street Zen to Hold Rating

Key Points

• Wall Street Zen upgraded Payoneer from a "sell" to a "hold" in a research note issued Saturday.
• Seven analysts rate the stock a Buy and one a Hold, giving a MarketBeat consensus of "Moderate Buy" and a consensus price target of $7.57 despite several recent price-target cuts.
• Payoneer recently missed quarterly estimates (EPS $0.05 vs. $0.06 expected; revenue $274.7M vs. $282.8M) and trades around $5.04 with a market cap of $1.74B and a 52-week range of $4.08–$7.66.

Payoneer Global (NASDAQ:PAYO - Get Free Report) was upgraded by equities research analysts at Wall Street Zen from a "sell" rating to a "hold" rating in a research note issued on Saturday.

Other research analysts have also issued research reports about the stock. Benchmark cut their price target on shares of Payoneer Global from $10.00 to $7.00 and set a "buy" rating on the stock in a research note on Friday, March 6th. Keefe, Bruyette & Woods cut their price target 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. Weiss Ratings reaffirmed a "hold (c)" rating on shares of Payoneer Global in a research note on Thursday, January 22nd. Bank of America initiated coverage on shares of Payoneer Global in a research report on Wednesday, March 25th. They issued a "buy" rating and a $6.00 price objective on the stock. Finally, Needham & Company LLC cut their price objective on shares of Payoneer Global from $10.00 to $8.00 and set a "buy" rating on the stock in a research report on Thursday, February 26th. Seven investment analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company's stock. According to data from MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus price target of $7.57.

Payoneer Global Stock Performance

Shares of NASDAQ PAYO opened at $5.04 on Friday. The stock has a market cap of $1.74 billion, a P/E ratio of 26.53, a P/E/G ratio of 0.61 and a beta of 1.02. The firm has a 50 day moving average price of $4.84 and a 200 day moving average price of $5.42. Payoneer Global has a 52-week low of $4.08 and a 52-week high of $7.66.

Payoneer Global (NASDAQ:PAYO - Get Free Report) last issued its quarterly earnings data on Thursday, February 26th. The company reported $0.05 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.06 by ($0.01). Payoneer Global had a net margin of 6.95% and a return on equity of 10.89%. The firm had revenue of $274.69 million for the quarter, compared to analyst estimates of $282.79 million. During the same quarter in the prior year, the firm posted $0.05 EPS. The firm's revenue for the quarter was up 5.0% compared to the same quarter last year. Analysts predict that Payoneer Global will post 0.26 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in the company. Nisa Investment Advisors LLC grew its position in shares of Payoneer Global by 4.1% during the 3rd quarter. Nisa Investment Advisors LLC now owns 49,815 shares of the company's stock worth $301,000 after buying an additional 1,949 shares during the period. Van ECK Associates Corp grew its position in Payoneer Global by 2.4% in the 4th quarter. Van ECK Associates Corp now owns 84,678 shares of the company's stock valued at $476,000 after purchasing an additional 1,977 shares during the period. Susquehanna International Group LLP grew its position in Payoneer Global by 9.5% in the 3rd quarter. Susquehanna International Group LLP now owns 24,637 shares of the company's stock valued at $149,000 after purchasing an additional 2,144 shares during the period. ProShare Advisors LLC grew its position in Payoneer Global by 4.1% in the 4th quarter. ProShare Advisors LLC now owns 54,909 shares of the company's stock valued at $309,000 after purchasing an additional 2,145 shares during the period. Finally, Teacher Retirement System of Texas grew its position in Payoneer Global by 1.3% in the 3rd quarter. Teacher Retirement System of Texas now owns 169,396 shares of the company's stock valued at $1,025,000 after purchasing an additional 2,240 shares during the period. Institutional investors own 82.22% of the company's stock.

About Payoneer Global

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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