Payoneer Global Inc. (NASDAQ:PAYO) Given Average Recommendation of “Hold” by Analysts

Payoneer Global Inc. (NASDAQ:PAYO) has earned a consensus rating of “Hold” from the nine analysts that are currently covering the stock, MarketBeat reports. Seven equities research 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 analysts that have issued a report on the stock in the last year is $7.40.

Several brokerages have commented on PAYO. Weiss Ratings upgraded shares of Payoneer Global from a “hold (c-)” rating to a “hold (c)” rating in a report on Thursday, June 25th. Bank of America began coverage on Payoneer Global in a research report on Wednesday, March 25th. They set a “buy” rating and a $6.00 price objective for the company. William Blair cut shares of Payoneer Global from an “outperform” rating to a “hold” rating in a report on Monday, June 15th. Needham & Company LLC lowered shares of Payoneer Global from a “buy” rating to a “hold” rating in a research note on Monday, June 15th. Finally, Citigroup cut Payoneer Global from a “buy” rating to a “neutral” rating and lowered their price objective for the company from $10.00 to $7.40 in a research note on Tuesday, June 16th.

Insider Transactions at Payoneer Global

In related news, CFO Beatrice Ordonez sold 25,000 shares of the stock in a transaction dated Monday, June 15th. The shares were sold at an average price of $7.01, for a total transaction of $175,250.00. Following the sale, the chief financial officer directly owned 2,887,266 shares of the company’s stock, valued at approximately $20,239,734.66. This represents a 0.86% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 2.06% of the stock is currently owned by insiders.

Hedge Funds Weigh In On Payoneer Global

A number of hedge funds have recently added to or reduced their stakes in the company. State Street Corp boosted its position in shares of Payoneer Global by 1.8% during the fourth quarter. State Street Corp now owns 10,772,088 shares of the company’s stock valued at $60,539,000 after buying an additional 195,410 shares during the last quarter. Price T Rowe Associates Inc. MD lifted its stake in Payoneer Global by 1.8% during 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 acquiring 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 first quarter. Dimensional Fund Advisors LP now owns 7,544,420 shares of the company’s stock worth $36,438,000 after acquiring an additional 263,030 shares during the period. Invesco Ltd. raised its holdings in shares of Payoneer Global by 137.3% during the second 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 last quarter. Finally, Bank of America Corp DE raised its holdings in shares of Payoneer Global by 17.9% during the first quarter. Bank of America Corp DE now owns 3,795,863 shares of the company’s stock valued at $18,334,000 after purchasing an additional 576,559 shares during the last quarter. 82.22% of the stock is currently owned by hedge funds and other institutional investors.

Payoneer Global Price Performance

NASDAQ PAYO opened at $7.11 on Tuesday. Payoneer Global has a 1 year low of $4.08 and a 1 year high of $7.66. The stock has a market capitalization of $2.38 billion, a PE ratio of 35.55, a PEG ratio of 0.76 and a beta of 0.95. The business’s 50-day moving average is $6.01 and its 200 day moving average is $5.51.

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