Brokerages Set Payoneer Global Inc. (NASDAQ:PAYO) Target Price at $8.25

Shares of Payoneer Global Inc. (NASDAQ:PAYO) have been given a consensus recommendation of “Buy” by the six ratings firms that are covering the stock, Marketbeat reports. Five equities research analysts have rated the stock with a buy recommendation and one has assigned a strong buy recommendation to the company. The average 12 month price target among analysts that have issued a report on the stock in the last year is $8.25.

A number of equities analysts have recently commented on the stock. Needham & Company LLC raised their price objective on shares of Payoneer Global from $8.00 to $9.00 and gave the stock a “buy” rating in a report on Thursday, August 8th. Cantor Fitzgerald upgraded shares of Payoneer Global to a “strong-buy” rating in a research note on Monday, August 12th. Keefe, Bruyette & Woods upped their price objective on Payoneer Global from $7.00 to $8.00 and gave the company an “outperform” rating in a research note on Thursday, August 8th. Benchmark restated a “buy” rating and set a $9.00 target price on shares of Payoneer Global in a research report on Thursday, August 8th. Finally, The Goldman Sachs Group boosted their price target on Payoneer Global from $6.50 to $8.00 and gave the company a “buy” rating in a research note on Thursday, August 8th.

Payoneer Global Trading Up 2.0 %

Payoneer Global stock opened at $7.14 on Tuesday. The business has a 50 day moving average price of $5.70 and a two-hundred day moving average price of $5.34. The company has a quick ratio of 1.09, a current ratio of 1.09 and a debt-to-equity ratio of 0.02. Payoneer Global has a 12 month low of $4.22 and a 12 month high of $7.20. The stock has a market cap of $2.67 billion, a price-to-earnings ratio of 23.80 and a beta of 0.82.

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

Insider Activity

In related news, CAO Itai Perry sold 6,000 shares of the stock in a transaction that occurred on Tuesday, May 21st. The stock was sold at an average price of $6.00, for a total transaction of $36,000.00. Following the sale, the chief accounting officer now directly owns 233,639 shares in the company, valued at approximately $1,401,834. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. In other Payoneer Global news, Director Scott H. Galit sold 352,165 shares of the business’s stock in a transaction dated Monday, July 1st. The shares were 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 of the company’s stock, valued at $11,524,746.03. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, CAO Itai Perry sold 6,000 shares of the stock in a transaction that occurred on Tuesday, May 21st. The shares were sold at an average price of $6.00, for a total transaction of $36,000.00. Following the sale, the chief accounting officer now directly owns 233,639 shares in the company, valued at $1,401,834. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 1,760,155 shares of company stock worth $9,573,509. Insiders own 5.57% of the company’s stock.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the stock. Vanguard Group Inc. increased its stake in shares of 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 buying an additional 787,509 shares during the period. AXA S.A. increased its position in Payoneer Global by 1,394.5% in the second quarter. AXA S.A. now owns 14,176,485 shares of the company’s stock worth $78,538,000 after purchasing an additional 13,227,884 shares during the period. Wellington Management Group LLP increased its position in Payoneer Global by 68.4% in the fourth quarter. Wellington Management Group LLP now owns 7,784,978 shares of the company’s stock worth $40,014,000 after purchasing an additional 3,161,509 shares during the period. Millennium Management LLC raised its holdings in Payoneer Global by 17.3% during the 2nd quarter. Millennium Management LLC now owns 6,764,016 shares of the company’s stock worth $37,473,000 after purchasing an additional 995,366 shares during the last quarter. Finally, Victory Capital Management Inc. lifted its position in Payoneer Global by 6.0% during the 4th quarter. Victory Capital Management Inc. now owns 5,618,682 shares of the company’s stock valued at $29,273,000 after purchasing an additional 320,108 shares during the period. Institutional investors 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.