Payoneer Global (NASDAQ:PAYO – Get Free Report) had its target price boosted by equities researchers at Citigroup from $8.50 to $13.00 in a note issued to investors on Tuesday,Benzinga reports. The brokerage currently has a “buy” rating on the stock. Citigroup’s target price indicates a potential upside of 23.81% from the stock’s previous close.
Several other brokerages also recently weighed in on PAYO. Northland Securities increased their target price on Payoneer Global from $13.00 to $14.00 and gave the company an “outperform” rating in a research note on Friday, December 6th. The Goldman Sachs Group raised their price objective on shares of Payoneer Global from $9.00 to $12.00 and gave the stock a “buy” rating in a research note on Wednesday, November 6th. Needham & Company LLC upped their target price on shares of Payoneer Global from $10.00 to $14.00 and gave the company a “buy” rating in a research note on Wednesday, November 6th. Keefe, Bruyette & Woods decreased their price target on shares of Payoneer Global from $12.00 to $11.00 and set a “market perform” rating on the stock in a research report on Monday, January 6th. Finally, Wolfe Research lowered shares of Payoneer Global from an “outperform” rating to a “peer perform” rating in a research report on Wednesday, January 8th. Two research analysts have rated the stock with a hold rating, five have issued a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $11.86.
Check Out Our Latest Stock Analysis on PAYO
Payoneer Global Stock Up 6.0 %
Payoneer Global (NASDAQ:PAYO – Get Free Report) last posted its earnings results on Tuesday, November 5th. The company reported $0.11 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.04 by $0.07. The business had revenue of $248.30 million for the quarter, compared to analyst estimates of $225.44 million. Payoneer Global had a net margin of 13.82% and a return on equity of 17.78%. Payoneer Global’s revenue was up 19.4% compared to the same quarter last year. During the same period last year, the business posted $0.05 EPS. As a group, equities analysts expect that Payoneer Global will post 0.35 EPS for the current fiscal year.
Insider Transactions at Payoneer Global
In other Payoneer Global news, insider Tsafi Goldman sold 96,350 shares of the company’s stock in a transaction on Thursday, January 2nd. The stock was sold at an average price of $10.07, for a total value of $970,244.50. Following the sale, the insider now directly owns 741,748 shares in the company, valued at $7,469,402.36. This represents a 11.50 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, insider Crossover Managemen Technology sold 7,500,000 shares of the stock in a transaction on Monday, November 11th. The stock was sold at an average price of $10.32, for a total value of $77,400,000.00. Following the transaction, the insider now owns 34,197,116 shares of the company’s stock, valued at $352,914,237.12. This represents a 17.99 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 7,914,625 shares of company stock valued at $81,614,514. Company insiders own 5.57% of the company’s stock.
Institutional Investors Weigh In On Payoneer Global
Several large investors have recently made changes to their positions in PAYO. Blue Trust Inc. lifted its holdings in Payoneer Global by 135.2% during the 3rd quarter. Blue Trust Inc. now owns 4,440 shares of the company’s stock valued at $33,000 after purchasing an additional 2,552 shares during the last quarter. Quarry LP bought a new position in shares of Payoneer Global in the second quarter valued at approximately $29,000. GAMMA Investing LLC boosted its holdings in shares of Payoneer Global by 438.5% in the 3rd quarter. GAMMA Investing LLC now owns 5,816 shares of the company’s stock worth $44,000 after acquiring an additional 4,736 shares in the last quarter. FSC Wealth Advisors LLC acquired a new position in shares of Payoneer Global in the 3rd quarter worth approximately $68,000. Finally, Advisor Resource Council bought a new stake in Payoneer Global during the 3rd quarter worth approximately $105,000. Institutional investors own 82.22% of the company’s stock.
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.
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