Payoneer Global Inc. (NASDAQ:PAYO) Given Consensus Rating of “Moderate Buy” by Brokerages

Shares of Payoneer Global Inc. (NASDAQ:PAYO) have been given an average recommendation of “Moderate Buy” by the nine ratings firms that are covering the firm, Marketbeat Ratings reports. Two investment analysts have rated the stock with a hold rating and seven have issued a buy rating on the company. The average 12 month price target among brokers that have issued ratings on the stock in the last year is $9.00.

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

Hedge Funds Weigh In On Payoneer Global

Large investors have recently bought and sold shares of the business. Strs Ohio purchased a new stake in shares of Payoneer Global during the first quarter worth $812,000. Millennium Management LLC boosted its position in Payoneer Global by 15.5% during the first quarter. Millennium Management LLC now owns 7,537,691 shares of the company’s stock worth $55,101,000 after acquiring an additional 1,014,096 shares during the last quarter. Intech Investment Management LLC grew its stake in Payoneer Global by 44.0% during the 1st quarter. Intech Investment Management LLC now owns 306,202 shares of the company’s stock valued at $2,238,000 after acquiring an additional 93,524 shares in the last quarter. Voya Investment Management LLC lifted its stake in Payoneer Global by 31.7% in the 1st quarter. Voya Investment Management LLC now owns 787,697 shares of the company’s stock worth $5,758,000 after purchasing an additional 189,509 shares in the last quarter. Finally, Geode Capital Management LLC lifted its stake in Payoneer Global by 3.3% in the 2nd quarter. Geode Capital Management LLC now owns 7,058,130 shares of the company’s stock worth $48,353,000 after purchasing an additional 226,215 shares in the last quarter. Institutional investors and hedge funds own 82.22% of the company’s stock.

Payoneer Global Price Performance

Shares of PAYO stock opened at $5.67 on Friday. The stock’s fifty day moving average price is $5.73 and its 200 day moving average price is $6.31. Payoneer Global has a 1-year low of $4.91 and a 1-year high of $11.19. The company has a market cap of $2.02 billion, a price-to-earnings ratio of 29.84, a price-to-earnings-growth ratio of 7.66 and a beta of 1.00.

Payoneer Global (NASDAQ:PAYO) last issued its quarterly earnings results on Wednesday, November 5th. The company reported $0.04 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.06 by ($0.02). The company had revenue of $270.85 million for the quarter, compared to analyst estimates of $262.66 million. Payoneer Global had a net margin of 6.96% and a return on equity of 10.71%. The company’s revenue for the quarter was up 9.1% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.11 EPS. As a group, equities research analysts anticipate that Payoneer Global will post 0.34 earnings per share 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.