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

Payoneer Global Inc. (NASDAQ:PAYO) has been assigned an average recommendation of “Buy” from the six brokerages that are currently covering the firm, Marketbeat Ratings reports. Six research analysts have rated the stock with a buy recommendation. The average 1 year target price among brokerages that have covered the stock in the last year is $7.00.

PAYO has been the topic of a number of research analyst reports. Benchmark reiterated a “buy” rating and set a $9.00 target price on shares of Payoneer Global in a report on Tuesday, May 14th. Needham & Company LLC upped their target price on Payoneer Global from $7.00 to $8.00 and gave the stock a “buy” rating in a report on Thursday, May 9th.

Payoneer Global Stock Up 0.7 %

Shares of NASDAQ:PAYO opened at $5.41 on Friday. Payoneer Global has a 1 year low of $4.22 and a 1 year high of $6.48. The company has a market cap of $2.02 billion, a PE ratio of 18.03 and a beta of 0.82. The company has a debt-to-equity ratio of 0.02, a current ratio of 1.09 and a quick ratio of 1.09. The stock’s 50-day moving average is $5.63 and its 200 day moving average is $5.19.

Payoneer Global (NASDAQ:PAYO) last announced its quarterly earnings results on Wednesday, May 8th. The company reported $0.08 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.05 by $0.03. Payoneer Global had a return on equity of 17.56% and a net margin of 13.19%. The company had revenue of $228.20 million for the quarter, compared to the consensus estimate of $211.63 million. During the same quarter in the previous year, the business earned $0.02 EPS. Payoneer Global’s revenue was up 18.9% compared to the same quarter last year. Sell-side analysts anticipate that Payoneer Global will post 0.23 EPS for the current year.

Insider Transactions at Payoneer Global

In other news, Director Avi Zeevi sold 10,116 shares of the business’s stock in a transaction that occurred on Thursday, May 9th. The stock was sold at an average price of $5.91, for a total value of $59,785.56. Following the sale, the director now directly owns 483,202 shares of the company’s stock, valued at approximately $2,855,723.82. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. In related news, Director Scott H. Galit sold 10,601 shares of the company’s stock in a transaction that occurred on Tuesday, July 16th. The stock was sold at an average price of $5.52, for a total value of $58,517.52. Following the transaction, the director now directly owns 2,122,421 shares of the company’s stock, valued at approximately $11,715,763.92. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Avi Zeevi sold 10,116 shares of the company’s stock in a transaction that occurred on Thursday, May 9th. The shares were sold at an average price of $5.91, for a total value of $59,785.56. Following the completion of the transaction, the director now directly owns 483,202 shares in the company, valued at $2,855,723.82. The disclosure for this sale can be found here. Insiders have sold a total of 1,806,285 shares of company stock valued at $9,837,589 in the last ninety days. 5.57% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On Payoneer Global

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Vanguard Group Inc. lifted its position in Payoneer Global by 2.8% in the 4th quarter. Vanguard Group Inc. now owns 28,579,172 shares of the company’s stock valued at $148,897,000 after acquiring an additional 787,509 shares in the last quarter. Wellington Management Group LLP lifted its position in Payoneer Global by 68.4% in the 4th quarter. Wellington Management Group LLP now owns 7,784,978 shares of the company’s stock valued at $40,014,000 after acquiring an additional 3,161,509 shares in the last quarter. Victory Capital Management Inc. lifted its position in Payoneer Global by 6.0% in the 4th quarter. Victory Capital Management Inc. now owns 5,618,682 shares of the company’s stock valued at $29,273,000 after acquiring an additional 320,108 shares in the last quarter. Price T Rowe Associates Inc. MD lifted its position in Payoneer Global by 3.9% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 4,790,400 shares of the company’s stock valued at $23,283,000 after acquiring an additional 178,842 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. raised its stake in Payoneer Global by 0.5% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 2,084,799 shares of the company’s stock valued at $10,862,000 after buying an additional 9,660 shares during the last quarter. 82.22% of the stock is owned by institutional investors.

About Payoneer Global

Payoneer Global Inc operates as a financial technology company. It operates a payment infrastructure platform that provides customers with a one-stop, global, multi-currency account to serve their accounts receivable and accounts payable needs. The company delivers a suite of services that includes cross-border payments, physical and virtual MasterCard cards, working capital, risk management, and other services.