Payoneer Global Inc. (NASDAQ:PAYO) Stock Has Consensus Price Target of $7.40

Shares of Payoneer Global Inc. (NASDAQ:PAYO) have been assigned an average rating of “Hold” from the nine research firms that are presently covering the stock, MarketBeat reports. Eight analysts have rated the stock with a hold recommendation and one has issued a buy recommendation on the company. The average 12 month target price among analysts that have issued ratings on the stock in the last year is $7.40.

A number of research analysts have weighed in on PAYO shares. Keefe, Bruyette & Woods lowered shares of Payoneer Global from a “moderate buy” rating to a “hold” rating in a research note on Monday, June 15th. Needham & Company LLC downgraded shares of Payoneer Global from a “buy” rating to a “hold” rating in a research report on Monday, June 15th. Deutsche Bank Aktiengesellschaft lowered shares of Payoneer Global from a “buy” rating to a “hold” rating in a report on Friday, August 7th. Benchmark cut shares of Payoneer Global from a “buy” rating to a “hold” rating in a research report on Thursday, June 18th. Finally, Citigroup lowered shares of Payoneer Global from a “buy” rating to a “neutral” rating and reduced their target price for the stock from $10.00 to $7.40 in a research note on Tuesday, June 16th.

Payoneer Global Price Performance

NASDAQ PAYO opened at $7.14 on Friday. Payoneer Global has a one year low of $4.08 and a one year high of $7.19. The firm has a market cap of $2.42 billion, a P/E ratio of 51.00, a P/E/G ratio of 1.83 and a beta of 0.94. The stock’s 50-day moving average is $7.13 and its 200-day moving average is $6.16.

Payoneer Global (NASDAQ:PAYO) last issued its quarterly earnings data on Thursday, August 6th. The company reported ($0.01) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.06 by ($0.07). Payoneer Global had a net margin of 4.65% and a return on equity of 9.97%. The business had revenue of $274.26 million during the quarter, compared to analyst estimates of $270.98 million. During the same quarter in the prior year, the firm posted $0.05 earnings per share. Payoneer Global’s revenue for the quarter was up 5.2% compared to the same quarter last year. Equities analysts anticipate that Payoneer Global will post 0.16 EPS for the current year.

Institutional Trading of Payoneer Global

A number of institutional investors have recently modified their holdings of PAYO. Nykredit A S bought a new stake in Payoneer Global in the 2nd quarter valued at approximately $39,000. GAMMA Investing LLC boosted its position in Payoneer Global by 73.8% during the 2nd quarter. GAMMA Investing LLC now owns 5,777 shares of the company’s stock worth $41,000 after acquiring an additional 2,453 shares during the last quarter. Leonteq Securities AG grew its stake in shares of Payoneer Global by 72.0% during the 1st quarter. Leonteq Securities AG now owns 6,496 shares of the company’s stock worth $31,000 after acquiring an additional 2,720 shares in the last quarter. Resonant Capital Advisors LLC bought a new position in shares of Payoneer Global during the 1st quarter worth approximately $49,000. Finally, State of Wyoming acquired a new stake in shares of Payoneer Global in the first quarter valued at approximately $57,000. 82.22% of the stock is currently owned by institutional investors.

About Payoneer Global

Payoneer Global Inc (NASDAQ: PAYO) is a financial technology company that provides digital commerce and payment services to small and medium-sized businesses, marketplaces, freelancers and other organizations. Its platform is designed to help customers receive funds from international clients and marketplaces, make cross-border payments, manage business finances and access global commerce opportunities.

Payoneer’s products and services include multi-currency receiving accounts, global payouts, supplier and business payments, payment cards, foreign-exchange services and working-capital solutions.