Payoneer Global (NASDAQ:PAYO) Lowered to Sell Rating by Wall Street Zen

Payoneer Global (NASDAQ:PAYO) was downgraded by investment analysts at Wall Street Zen from a “hold” rating to a “sell” rating in a research report issued to clients and investors on Saturday.

PAYO has been the topic of several other research reports. Keefe, Bruyette & Woods dropped their target price on Payoneer Global from $7.50 to $7.00 and set an “outperform” rating on the stock in a report on Friday, February 27th. Benchmark decreased their price target on Payoneer Global from $10.00 to $7.00 and set a “buy” rating for the company in a research note on Friday, March 6th. Bank of America started coverage on Payoneer Global in a research report on Wednesday. They set a “buy” rating and a $6.00 price target on the stock. Needham & Company LLC decreased their price target 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. Finally, Weiss Ratings reaffirmed a “hold (c)” rating on shares of Payoneer Global in a report on Thursday, January 22nd. Eight equities research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company. According to data from MarketBeat.com, Payoneer Global has a consensus rating of “Moderate Buy” and a consensus target price of $7.75.

Payoneer Global Trading Down 4.2%

NASDAQ PAYO opened at $4.78 on Friday. The company has a 50-day moving average price of $5.27 and a two-hundred day moving average price of $5.65. Payoneer Global has a 52 week low of $4.08 and a 52 week high of $7.66. The stock has a market cap of $1.65 billion, a price-to-earnings ratio of 25.16, a price-to-earnings-growth ratio of 0.61 and a beta of 1.09.

Payoneer Global (NASDAQ:PAYO) last released its quarterly earnings results on Thursday, February 26th. The company reported $0.05 earnings per share for the quarter, missing analysts’ consensus estimates of $0.06 by ($0.01). The business had revenue of $274.69 million for the quarter, compared to the consensus estimate of $282.79 million. Payoneer Global had a net margin of 6.95% and a return on equity of 10.89%. The business’s quarterly revenue was up 5.0% on a year-over-year basis. During the same period last year, the firm posted $0.05 EPS. As a group, equities research analysts expect that Payoneer Global will post 0.34 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Payoneer Global

Several institutional investors have recently made changes to their positions in the company. Hsbc Holdings PLC lifted its stake in Payoneer Global by 372.8% in the fourth quarter. Hsbc Holdings PLC now owns 603,407 shares of the company’s stock valued at $3,400,000 after acquiring an additional 475,776 shares during the last quarter. Alpine Global Management LLC acquired a new position in shares of Payoneer Global during the 4th quarter worth $177,000. Virtu Financial LLC acquired a new position in shares of Payoneer Global during the 4th quarter worth $129,000. Mercer Global Advisors Inc. ADV bought a new position in shares of Payoneer Global during the 4th quarter valued at $69,000. Finally, Vident Advisory LLC acquired a new stake in shares of Payoneer Global in the 4th quarter valued at $58,000. 82.22% of the stock is currently owned by institutional investors and hedge funds.

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.