Northland Securities Raises Payoneer Global (NASDAQ:PAYO) Price Target to $10.00

Payoneer Global (NASDAQ:PAYO) had its target price boosted by Northland Securities from $9.00 to $10.00 in a research report report published on Tuesday morning, Benzinga reports. Northland Securities currently has an outperform rating on the stock.

Several other research firms also recently weighed in on PAYO. Needham & Company LLC upped their price target on shares of Payoneer Global from $8.00 to $9.00 and gave the stock a buy rating in a research report on Thursday, August 8th. Keefe, Bruyette & Woods raised their target price on Payoneer Global from $7.00 to $8.00 and gave the company an outperform rating in a research report on Thursday, August 8th. Cantor Fitzgerald raised Payoneer Global to a strong-buy rating in a research note on Monday, August 12th. The Goldman Sachs Group increased their price objective on Payoneer Global from $6.50 to $8.00 and gave the company a buy rating in a research note on Thursday, August 8th. Finally, Citigroup lifted their target price on shares of Payoneer Global from $7.00 to $8.50 and gave the stock a buy rating in a research note on Monday, August 12th. Six research analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of Buy and a consensus target price of $8.50.

Payoneer Global Trading Up 3.6 %

Shares of PAYO stock opened at $7.48 on Tuesday. Payoneer Global has a 12-month low of $4.22 and a 12-month high of $7.59. The business’s 50 day moving average is $6.32 and its two-hundred day moving average is $5.61. The company has a market capitalization of $2.79 billion, a P/E ratio of 24.93 and a beta of 0.85.

Payoneer Global (NASDAQ:PAYO) last announced its earnings results on Wednesday, August 7th. The company reported $0.09 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.06 by $0.03. The firm had revenue of $239.50 million for the quarter, compared to analyst estimates of $223.12 million. Payoneer Global had a return on equity of 15.28% and a net margin of 11.25%. The business’s revenue was up 15.9% on a year-over-year basis. During the same quarter last year, the firm posted $0.12 EPS. On average, research analysts predict that Payoneer Global will post 0.25 earnings per share for the current fiscal year.

Insider Transactions at Payoneer Global

In related news, Director Scott H. Galit sold 150,000 shares of the firm’s stock in a transaction dated Wednesday, August 28th. The shares were sold at an average price of $7.07, for a total transaction of $1,060,500.00. Following the completion of the sale, the director now directly owns 1,809,674 shares in the company, valued at $12,794,395.18. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. In related news, Director Scott H. Galit sold 352,165 shares of the stock in a transaction that occurred on Monday, July 1st. The stock was sold at an average price of $5.43, for a total value of $1,912,255.95. Following the completion of the transaction, the director now directly owns 2,122,421 shares in the company, valued at $11,524,746.03. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Scott H. Galit sold 150,000 shares of the firm’s stock in a transaction on Wednesday, August 28th. The stock was sold at an average price of $7.07, for a total value of $1,060,500.00. Following the sale, the director now directly owns 1,809,674 shares of the company’s stock, valued at approximately $12,794,395.18. The disclosure for this sale can be found here. Insiders have sold a total of 1,890,082 shares of company stock worth $10,516,245 in the last quarter. Company insiders own 5.57% of the company’s stock.

Hedge Funds Weigh In On Payoneer Global

A number of hedge funds have recently modified their holdings of the business. Natixis acquired a new position in Payoneer Global in the first quarter valued at about $3,106,000. Tidal Investments LLC purchased a new position in shares of Payoneer Global during the 1st quarter worth approximately $986,000. Janus Henderson Group PLC boosted its position in shares of Payoneer Global by 131.6% during the 1st quarter. Janus Henderson Group PLC now owns 358,940 shares of the company’s stock worth $1,744,000 after purchasing an additional 203,943 shares during the period. Allianz Asset Management GmbH raised its position in Payoneer Global by 43.5% in the fourth quarter. Allianz Asset Management GmbH now owns 906,735 shares of the company’s stock valued at $4,724,000 after purchasing an additional 274,942 shares during the period. Finally, ProShare Advisors LLC lifted its stake in Payoneer Global by 7.5% during the first quarter. ProShare Advisors LLC now owns 53,333 shares of the company’s stock worth $259,000 after purchasing an additional 3,730 shares in the last quarter. 82.22% of the stock is currently owned by hedge funds and other institutional investors.

Payoneer Global Company Profile

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.