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

Shares of Payoneer Global Inc. (NASDAQ:PAYO) have been given an average recommendation of “Moderate Buy” by the seven analysts that are presently covering the company, Marketbeat reports. One research analyst has rated the stock with a sell recommendation and six have issued a buy recommendation on the company. The average 12-month target price among brokerages that have issued ratings on the stock in the last year is $7.1667.

Several brokerages recently issued reports on PAYO. Benchmark lowered their price target on Payoneer Global from $10.00 to $7.00 and set a “buy” rating on the stock in a research note on Friday, March 6th. Weiss Ratings lowered Payoneer Global from a “hold (c-)” rating to a “sell (d+)” rating in a research note on Wednesday. Wall Street Zen upgraded Payoneer Global from a “sell” rating to a “hold” rating in a research note on Saturday, May 2nd. Needham & Company LLC lowered their price objective on Payoneer Global from $10.00 to $8.00 and set a “buy” rating on the stock in a research note on Thursday, February 26th. Finally, Keefe, Bruyette & Woods lowered their price objective on Payoneer Global from $7.50 to $7.00 and set an “outperform” rating on the stock in a research note on Friday, February 27th.

Institutional Investors Weigh In On Payoneer Global

Several large investors have recently modified their holdings of the stock. State Street Corp grew its stake in shares of Payoneer Global by 1.8% in the 4th quarter. State Street Corp now owns 10,772,088 shares of the company’s stock valued at $60,539,000 after purchasing an additional 195,410 shares during the period. Price T Rowe Associates Inc. MD grew its stake in shares of Payoneer Global by 1.8% in the 4th quarter. Price T Rowe Associates Inc. MD now owns 10,436,470 shares of the company’s stock valued at $58,654,000 after purchasing an additional 182,614 shares during the period. Dimensional Fund Advisors LP grew its stake in shares of Payoneer Global by 3.6% in the 1st quarter. Dimensional Fund Advisors LP now owns 7,544,420 shares of the company’s stock valued at $36,438,000 after purchasing an additional 263,030 shares during the period. American Century Companies Inc. grew its stake in shares of Payoneer Global by 10.7% in the 3rd quarter. American Century Companies Inc. now owns 7,326,825 shares of the company’s stock valued at $44,327,000 after purchasing an additional 707,790 shares during the period. Finally, Invesco Ltd. grew its stake in shares of Payoneer Global by 137.3% in the 2nd quarter. Invesco Ltd. now owns 5,562,623 shares of the company’s stock valued at $38,104,000 after purchasing an additional 3,218,917 shares during the period. 82.22% of the stock is currently owned by institutional investors.

Payoneer Global Price Performance

Shares of PAYO opened at $4.94 on Monday. Payoneer Global has a 12-month low of $4.08 and a 12-month high of $7.66. The firm has a market capitalization of $1.65 billion, a price-to-earnings ratio of 24.70, a P/E/G ratio of 0.53 and a beta of 1.01. The stock’s 50-day moving average price is $4.89 and its 200 day moving average price is $5.32.

Payoneer Global (NASDAQ:PAYO) last issued its quarterly earnings results on Thursday, May 7th. The company reported $0.06 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.04 by $0.02. Payoneer Global had a return on equity of 11.10% and a net margin of 6.76%.The firm had revenue of $261.60 million for the quarter, compared to analyst estimates of $255.12 million. During the same period in the previous year, the company posted $0.05 earnings per share. The company’s quarterly revenue was up 6.1% compared to the same quarter last year. Equities research analysts expect that Payoneer Global will post 0.27 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.