Payoneer Global Inc. (NASDAQ:PAYO) Given Average Recommendation of “Moderate Buy” by Analysts

Payoneer Global Inc. (NASDAQ:PAYO) has earned an average recommendation of “Moderate Buy” from the nine ratings firms that are covering the company, Marketbeat.com reports. Two equities research analysts have rated the stock with a hold recommendation and seven have issued a buy recommendation on the company. The average 12 month price objective among brokers that have issued ratings on the stock in the last year is $9.00.

PAYO has been the subject of a number of research analyst reports. Wall Street Zen upgraded shares of Payoneer Global from a “sell” rating to a “hold” rating in a research note on Saturday, November 8th. Needham & Company LLC reiterated a “buy” rating and set a $10.00 price target on shares of Payoneer Global in a research report on Monday, October 6th. Benchmark dropped their price objective on Payoneer Global from $12.00 to $10.00 and set a “buy” rating for the company in a report on Tuesday. Weiss Ratings reissued a “hold (c)” rating on shares of Payoneer Global in a research report on Wednesday, October 8th. Finally, Jefferies Financial Group set a $7.00 target price on Payoneer Global in a research note on Wednesday, November 5th.

Institutional Investors Weigh In On Payoneer Global

Several large investors have recently made changes to their positions in PAYO. Osaic Holdings Inc. increased its position in shares of Payoneer Global by 246.5% in the 2nd quarter. Osaic Holdings Inc. now owns 4,636 shares of the company’s stock worth $33,000 after purchasing an additional 3,298 shares during the last quarter. Quarry LP grew its stake in Payoneer Global by 9,273.2% in the third quarter. Quarry LP now owns 10,498 shares of the company’s stock worth $64,000 after purchasing an additional 10,386 shares in the last quarter. Journey Strategic Wealth LLC bought a new stake in Payoneer Global in the second quarter valued at about $71,000. Marex Group plc bought a new stake in Payoneer Global in the second quarter valued at about $72,000. Finally, Oak Thistle LLC acquired a new stake in Payoneer Global during the third quarter valued at approximately $73,000. Institutional investors and hedge funds own 82.22% of the company’s stock.

Payoneer Global Stock Up 2.0%

Shares of NASDAQ:PAYO opened at $5.67 on Friday. The company has a market cap of $2.02 billion, a price-to-earnings ratio of 29.84, a PEG ratio of 7.66 and a beta of 1.00. Payoneer Global has a twelve month low of $4.91 and a twelve month high of $11.19. The business has a 50 day moving average price of $5.73 and a 200 day moving average price of $6.31.

Payoneer Global (NASDAQ:PAYO) last announced its quarterly earnings data on Wednesday, November 5th. The company reported $0.04 EPS for the quarter, missing analysts’ consensus estimates of $0.06 by ($0.02). The firm had revenue of $270.85 million during the quarter, compared to the consensus estimate of $262.66 million. Payoneer Global had a return on equity of 10.71% and a net margin of 6.96%.Payoneer Global’s revenue was up 9.1% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.11 EPS. Analysts anticipate that Payoneer Global will post 0.34 EPS for the current year.

Payoneer Global Company Profile

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.