Keefe, Bruyette & Woods Raises Payoneer Global (NASDAQ:PAYO) Price Target to $8.00

Payoneer Global (NASDAQ:PAYO) had its price target boosted by Keefe, Bruyette & Woods from $7.00 to $8.00 in a report issued on Thursday, Benzinga reports. They currently have an outperform rating on the stock.

PAYO has been the subject of several other reports. Needham & Company LLC boosted their price objective on shares of Payoneer Global from $8.00 to $9.00 and gave the company a buy rating in a research report on Thursday. Benchmark restated a buy rating and set a $9.00 price objective on shares of Payoneer Global in a research report on Tuesday, May 14th. Six equities research analysts have rated the stock with a buy rating, According to data from MarketBeat.com, the company currently has an average rating of Buy and a consensus target price of $7.83.

Payoneer Global Price Performance

Shares of NASDAQ PAYO traded up $0.02 during midday trading on Thursday, reaching $6.73. The company’s stock had a trading volume of 4,088,960 shares, compared to its average volume of 2,645,287. The company has a debt-to-equity ratio of 0.02, a quick ratio of 1.09 and a current ratio of 1.09. Payoneer Global has a fifty-two week low of $4.22 and a fifty-two week high of $6.84. The business’s 50 day moving average price is $5.59 and its two-hundred day moving average price is $5.27. The company has a market cap of $2.51 billion, a P/E ratio of 22.43 and a beta of 0.82.

Payoneer Global (NASDAQ:PAYO) last released its quarterly earnings results on Wednesday, August 7th. The company reported $0.09 earnings per share for the quarter, beating analysts’ consensus estimates of $0.06 by $0.03. Payoneer Global had a net margin of 13.19% and a return on equity of 17.56%. The company had revenue of $239.50 million during the quarter, compared to the consensus estimate of $223.12 million. During the same period in the previous year, the business earned $0.12 earnings per share. The firm’s quarterly revenue was up 15.9% on a year-over-year basis. On average, analysts forecast that Payoneer Global will post 0.23 EPS for the current fiscal year.

Insider Activity

In other news, Director Avi Zeevi sold 23,793 shares of the stock in a transaction on Tuesday, May 14th. The stock was sold at an average price of $5.90, for a total value of $140,378.70. Following the completion of the transaction, the director now directly owns 430,055 shares in the company, valued at approximately $2,537,324.50. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other news, Director Avi Zeevi sold 23,793 shares of the stock in a transaction on Tuesday, May 14th. The stock was sold at an average price of $5.90, for a total value of $140,378.70. Following the completion of the transaction, the director now directly owns 430,055 shares in the company, valued at approximately $2,537,324.50. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Scott H. Galit sold 10,601 shares of the stock in a transaction on Tuesday, July 16th. The shares were sold at an average price of $5.52, for a total value of $58,517.52. Following the completion of the transaction, the director now owns 2,122,421 shares of the company’s stock, valued at $11,715,763.92. The disclosure for this sale can be found here. In the last ninety days, insiders sold 1,783,948 shares of company stock worth $9,713,888. Insiders own 5.57% of the company’s stock.

Institutional Trading of Payoneer Global

Institutional investors and hedge funds have recently bought and sold shares of the stock. Federated Hermes Inc. acquired a new stake in Payoneer Global in the fourth quarter valued at $29,000. SageView Advisory Group LLC acquired a new stake in Payoneer Global in the first quarter valued at $39,000. Harel Insurance Investments & Financial Services Ltd. increased its holdings in Payoneer Global by 27.8% in the first quarter. Harel Insurance Investments & Financial Services Ltd. now owns 9,541 shares of the company’s stock valued at $46,000 after purchasing an additional 2,074 shares during the period. Blueshift Asset Management LLC acquired a new stake in Payoneer Global during the 4th quarter worth about $56,000. Finally, Sage Rhino Capital LLC acquired a new stake in Payoneer Global during the 2nd quarter worth about $56,000. 82.22% of the stock is currently owned by institutional investors and hedge funds.

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.