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

Payoneer Global Inc. (NASDAQ:PAYO) has earned an average rating of “Moderate Buy” from the eight brokerages that are presently covering the company, Marketbeat.com reports. One equities research analyst has rated the stock with a hold recommendation and seven have given a buy recommendation to the company. The average 12 month target price among brokers that have issued a report on the stock in the last year is $9.00.

PAYO has been the subject of several recent analyst reports. Jefferies Financial Group set a $7.00 price objective on Payoneer Global in a report on Wednesday, November 5th. Weiss Ratings restated a “hold (c)” rating on shares of Payoneer Global in a research note on Wednesday, October 8th. Benchmark cut their target price on shares of Payoneer Global from $12.00 to $10.00 and set a “buy” rating for the company in a research note on Tuesday, December 23rd. Needham & Company LLC reissued a “buy” rating and set a $10.00 price target on shares of Payoneer Global in a research report on Monday, October 6th. Finally, Wall Street Zen raised Payoneer Global from a “sell” rating to a “hold” rating in a research report on Saturday, November 8th.

Payoneer Global Stock Down 0.2%

NASDAQ PAYO opened at $5.39 on Tuesday. Payoneer Global has a 12-month low of $4.91 and a 12-month high of $11.19. The firm’s 50 day moving average is $5.62 and its 200-day moving average is $6.15. The company has a market capitalization of $1.92 billion, a PE ratio of 28.37, a price-to-earnings-growth ratio of 5.17 and a beta of 1.00.

Payoneer Global (NASDAQ:PAYO) last posted 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). Payoneer Global had a return on equity of 10.71% and a net margin of 6.96%.The business had revenue of $270.85 million for the quarter, compared to analyst estimates of $262.66 million. During the same quarter in the prior year, the company earned $0.11 earnings per share. The company’s quarterly revenue was up 9.1% on a year-over-year basis. As a group, sell-side analysts expect that Payoneer Global will post 0.34 EPS for the current year.

Hedge Funds Weigh In On Payoneer Global

A number of large investors have recently made changes to their positions in the company. Geode Capital Management LLC increased its stake in Payoneer Global by 3.3% during the 2nd quarter. Geode Capital Management LLC now owns 7,058,130 shares of the company’s stock worth $48,353,000 after acquiring an additional 226,215 shares during the period. Bailard Inc. bought a new position in shares of Payoneer Global in the second quarter worth $419,000. Azora Capital LP bought a new stake in Payoneer Global during the second quarter worth about $30,996,000. State of New Jersey Common Pension Fund D grew its stake in Payoneer Global by 40.0% during the second quarter. State of New Jersey Common Pension Fund D now owns 274,155 shares of the company’s stock worth $1,878,000 after buying an additional 78,354 shares in the last quarter. Finally, Neo Ivy Capital Management bought a new position in Payoneer Global in the 2nd quarter valued at about $806,000. Institutional investors own 82.22% of the company’s stock.

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.