Brokerages Set Payoneer Global Inc. (NASDAQ:PAYO) PT at $12.00

Payoneer Global Inc. (NASDAQ:PAYO) has been given a consensus rating of “Moderate Buy” by the nine ratings firms that are covering the company, Marketbeat Ratings reports. Two research analysts have rated the stock with a hold rating, six have issued a buy rating and one has assigned a strong buy rating to the company. The average 1-year price objective among analysts that have covered the stock in the last year is $12.00.

Several research analysts recently commented on PAYO shares. Needham & Company LLC raised their price target on shares of Payoneer Global from $10.00 to $14.00 and gave the company a “buy” rating in a report on Wednesday, November 6th. Citigroup raised their target price on shares of Payoneer Global from $8.50 to $13.00 and gave the company a “buy” rating in a research note on Tuesday, January 14th. Keefe, Bruyette & Woods decreased their price target on shares of Payoneer Global from $12.00 to $11.00 and set a “market perform” rating for the company in a research report on Monday, January 6th. Benchmark raised their price objective on Payoneer Global from $10.00 to $12.00 and gave the company a “buy” rating in a research report on Wednesday, November 6th. 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.

Insider Activity

In other news, CAO Itai Perry sold 52,829 shares of the firm’s stock in a transaction that occurred on Monday, November 18th. The shares were sold at an average price of $10.64, for a total transaction of $562,100.56. Following the completion of the sale, the chief accounting officer now owns 201,882 shares of the company’s stock, valued at approximately $2,148,024.48. This trade represents a 20.74 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CFO Beatrice Ordonez sold 85,000 shares of Payoneer Global stock in a transaction on Tuesday, January 21st. The stock was sold at an average price of $10.40, for a total transaction of $884,000.00. Following the completion of the sale, the chief financial officer now owns 2,305,245 shares of the company’s stock, valued at approximately $23,974,548. This trade represents a 3.56 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 499,625 shares of company stock worth $5,098,514 over the last ninety days. Corporate insiders own 5.57% of the company’s stock.

Hedge Funds Weigh In On Payoneer Global

Several large investors have recently modified their holdings of the stock. FMR LLC raised its stake in Payoneer Global by 17.2% during the third quarter. FMR LLC now owns 1,129,312 shares of the company’s stock valued at $8,504,000 after buying an additional 165,913 shares in the last quarter. Charles Schwab Investment Management Inc. increased its holdings in shares of Payoneer Global by 3.0% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 2,337,156 shares of the company’s stock valued at $17,599,000 after acquiring an additional 67,255 shares during the last quarter. Quest Partners LLC acquired a new stake in shares of Payoneer Global during the 3rd quarter valued at approximately $415,000. Wedge Capital Management L L P NC bought a new position in Payoneer Global during the third quarter worth $1,509,000. Finally, Robeco Institutional Asset Management B.V. acquired a new position in Payoneer Global in the fourth quarter worth $1,233,000. Institutional investors own 82.22% of the company’s stock.

Payoneer Global Price Performance

Payoneer Global stock opened at $10.50 on Tuesday. 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 $3.74 billion, a price-to-earnings ratio of 30.00, a price-to-earnings-growth ratio of 2.98 and a beta of 0.93. The stock’s 50-day moving average is $10.36 and its 200-day moving average is $8.87.

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.