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

Payoneer Global Inc. (NASDAQ:PAYO) has been assigned a consensus rating of “Moderate Buy” from the eight research firms that are presently covering the firm, Marketbeat Ratings reports. One investment analyst has rated the stock with a hold rating and seven have assigned a buy rating to the company. The average 1-year target price among analysts that have updated their coverage on the stock in the last year is $7.5714.

A number of equities research analysts recently weighed in on PAYO shares. Keefe, Bruyette & Woods reduced their price target on shares of Payoneer Global from $7.50 to $7.00 and set an “outperform” rating for the company in a research report on Friday, February 27th. Bank of America assumed coverage on Payoneer Global in a report on Wednesday, March 25th. They set a “buy” rating and a $6.00 price objective on the stock. Wall Street Zen cut Payoneer Global from a “hold” rating to a “sell” rating in a research report on Saturday, March 28th. Needham & Company LLC reduced their target price on Payoneer Global from $10.00 to $8.00 and set a “buy” rating for the company in a report on Thursday, February 26th. Finally, Weiss Ratings reissued a “hold (c)” rating on shares of Payoneer Global in a research report on Thursday, January 22nd.

Institutional Investors Weigh In On Payoneer Global

Several large investors have recently modified their holdings of PAYO. Osaic Holdings Inc. raised its position in Payoneer Global by 246.5% in the 2nd quarter. Osaic Holdings Inc. now owns 4,636 shares of the company’s stock valued at $33,000 after purchasing an additional 3,298 shares during the last quarter. CWM LLC grew its position in Payoneer Global by 178.6% during the 4th quarter. CWM LLC now owns 9,384 shares of the company’s stock worth $53,000 after purchasing an additional 6,016 shares during the last quarter. Vident Advisory LLC acquired a new position in Payoneer Global in the fourth quarter valued at $58,000. Quarry LP increased 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 valued at $64,000 after purchasing an additional 10,386 shares during the period. Finally, Marex Group plc purchased a new stake in shares of Payoneer Global in the second quarter valued at about $72,000. 82.22% of the stock is owned by institutional investors and hedge funds.

Payoneer Global Price Performance

Shares of Payoneer Global stock opened at $4.92 on Friday. Payoneer Global has a 52 week low of $4.08 and a 52 week high of $7.66. The firm’s 50 day moving average is $5.19 and its two-hundred day moving average is $5.59. The firm has a market capitalization of $1.70 billion, a P/E ratio of 25.90, a P/E/G ratio of 0.62 and a beta of 1.03.

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

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.