Payoneer Global Inc. (NASDAQ:PAYO) Receives Average Recommendation of “Hold” from Brokerages

Payoneer Global Inc. (NASDAQ:PAYO) has received a consensus rating of “Hold” from the nine brokerages that are presently covering the company, MarketBeat reports. Seven analysts have rated the stock with a hold rating and two have issued a buy rating on the company. The average 1 year price objective among brokerages that have issued a report on the stock in the last year is $7.40.

A number of brokerages have recently issued reports on PAYO. Benchmark downgraded shares of Payoneer Global from a “buy” rating to a “hold” rating in a report on Thursday. Wall Street Zen raised shares of Payoneer Global from a “sell” rating to a “hold” rating in a report on Saturday, May 2nd. Keefe, Bruyette & Woods downgraded shares of Payoneer Global from a “moderate buy” rating to a “hold” rating in a report on Monday. Bank of America began coverage on shares of Payoneer Global in a report on Wednesday, March 25th. They issued a “buy” rating and a $6.00 price target on the stock. Finally, Needham & Company LLC downgraded shares of Payoneer Global from a “buy” rating to a “hold” rating in a report on Monday.

Payoneer Global Stock Performance

Shares of Payoneer Global stock opened at $7.02 on Friday. Payoneer Global has a 12-month low of $4.08 and a 12-month high of $7.66. The company has a market cap of $2.35 billion, a price-to-earnings ratio of 35.10, a PEG ratio of 0.75 and a beta of 1.02. The company’s 50-day moving average price is $5.30 and its 200-day moving average price is $5.35.

Payoneer Global (NASDAQ:PAYO) last announced its quarterly earnings results on Thursday, May 7th. The company reported $0.06 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.04 by $0.02. Payoneer Global had a net margin of 6.76% and a return on equity of 11.10%. The firm had revenue of $261.60 million for the quarter, compared to the consensus estimate of $255.12 million. During the same period in the prior year, the firm posted $0.05 earnings per share. The company’s revenue for the quarter was up 6.1% on a year-over-year basis. On average, sell-side analysts predict that Payoneer Global will post 0.27 earnings per share for the current year.

Insider Buying and Selling at Payoneer Global

In related news, CFO Beatrice Ordonez sold 25,000 shares of the company’s stock in a transaction that occurred on Monday, June 15th. The shares were sold at an average price of $7.01, for a total value of $175,250.00. Following the transaction, the chief financial officer directly owned 2,887,266 shares in the company, valued at approximately $20,239,734.66. This represents a 0.86% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Company insiders own 2.06% of the company’s stock.

Institutional Inflows and Outflows

Institutional investors have recently modified their holdings of the stock. Osaic Holdings Inc. increased its position in shares of Payoneer Global by 246.5% in the second quarter. Osaic Holdings Inc. now owns 4,636 shares of the company’s stock worth $33,000 after purchasing an additional 3,298 shares during the last quarter. Leonteq Securities AG increased its position in shares of Payoneer Global by 72.0% in the first quarter. Leonteq Securities AG now owns 6,496 shares of the company’s stock worth $31,000 after purchasing an additional 2,720 shares during the last quarter. CWM LLC increased its position in shares of Payoneer Global by 178.6% in the fourth 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. Resonant Capital Advisors LLC bought a new position in shares of Payoneer Global in the first quarter worth approximately $49,000. Finally, Vident Advisory LLC bought a new position in shares of Payoneer Global in the fourth quarter worth approximately $58,000. 82.22% of the stock is currently owned by institutional investors.

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.