Payoneer Global (NASDAQ:PAYO) Price Target Lowered to $10.00 at Keefe, Bruyette & Woods

Payoneer Global (NASDAQ:PAYO) had its target price cut by Keefe, Bruyette & Woods from $11.00 to $10.00 in a report published on Friday,Benzinga reports. They currently have a market perform rating on the stock.

PAYO has been the subject of several other research reports. Deutsche Bank Aktiengesellschaft began coverage on Payoneer Global in a research report on Monday, February 3rd. They issued a “buy” rating and a $13.00 target price for the company. Benchmark upped their target price on Payoneer Global from $10.00 to $12.00 and gave the stock a “buy” rating in a research report on Wednesday, November 6th. Needham & Company LLC upped their target price on Payoneer Global from $10.00 to $14.00 and gave the stock a “buy” rating in a research report on Wednesday, November 6th. Citigroup upped their target price on Payoneer Global from $8.50 to $13.00 and gave the stock a “buy” rating in a research report on Tuesday, January 14th. Finally, Northland Securities upped their target price on Payoneer Global from $13.00 to $14.00 and gave the stock an “outperform” rating in a research report on Friday, December 6th. Two investment analysts have rated the stock with a hold rating, six have given a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, Payoneer Global has an average rating of “Moderate Buy” and an average price target of $11.88.

Payoneer Global Trading Down 1.5 %

PAYO stock opened at $8.55 on Friday. The stock has a 50-day moving average price of $10.27 and a two-hundred day moving average price of $9.24. Payoneer Global has a 12-month low of $4.22 and a 12-month high of $11.29. The company has a market cap of $3.05 billion, a PE ratio of 24.43, a price-to-earnings-growth ratio of 2.88 and a beta of 0.93.

Payoneer Global (NASDAQ:PAYO) last posted its quarterly earnings results on Thursday, February 27th. The company reported $0.05 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.06 by ($0.01). Payoneer Global had a net margin of 13.82% and a return on equity of 17.78%. The firm had revenue of $261.74 million for the quarter, compared to analysts’ expectations of $242.14 million. During the same period last year, the firm posted $0.05 EPS. Equities analysts forecast that Payoneer Global will post 0.34 EPS for the current fiscal year.

Insider Activity at Payoneer Global

In other Payoneer Global news, insider Tsafi Goldman sold 263,873 shares of the company’s stock in a transaction that occurred on Tuesday, December 10th. The stock was sold at an average price of $10.10, for a total transaction of $2,665,117.30. Following the sale, the insider now owns 741,748 shares in the company, valued at $7,491,654.80. This represents a 26.24 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. Also, CFO Beatrice Ordonez sold 85,000 shares of the company’s stock in a transaction that occurred on Tuesday, January 21st. The shares were sold at an average price of $10.40, for a total value of $884,000.00. Following the sale, the chief financial officer now owns 2,305,245 shares in the company, valued at $23,974,548. The trade was a 3.56 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 445,223 shares of company stock valued at $4,519,362. Insiders own 5.57% of the company’s stock.

Institutional Trading of Payoneer Global

Several institutional investors and hedge funds have recently bought and sold shares of PAYO. Susquehanna Capital Management LLC raised its stake in Payoneer Global by 290.3% during the fourth quarter. Susquehanna Capital Management LLC now owns 25,268,954 shares of the company’s stock valued at $253,700,000 after buying an additional 18,794,047 shares in the last quarter. Azora Capital LP acquired a new stake in Payoneer Global in the third quarter worth $31,901,000. Arrowstreet Capital Limited Partnership lifted its stake in Payoneer Global by 200.0% in the fourth quarter. Arrowstreet Capital Limited Partnership now owns 3,470,347 shares of the company’s stock valued at $34,842,000 after buying an additional 2,313,481 shares during the last quarter. Deutsche Bank AG boosted its holdings in shares of Payoneer Global by 252.8% during the fourth quarter. Deutsche Bank AG now owns 2,779,110 shares of the company’s stock valued at $27,902,000 after acquiring an additional 1,991,449 shares during the period. Finally, Driehaus Capital Management LLC bought a new position in shares of Payoneer Global during the fourth quarter worth about $19,305,000. Institutional investors and hedge funds own 82.22% of the company’s stock.

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.