Payoneer Global (NASDAQ:PAYO) Given New $12.00 Price Target at Keefe, Bruyette & Woods

Payoneer Global (NASDAQ:PAYO) had its target price boosted by research analysts at Keefe, Bruyette & Woods from $9.00 to $12.00 in a research note issued on Wednesday, Benzinga reports. The brokerage currently has an “outperform” rating on the stock. Keefe, Bruyette & Woods’ price objective would suggest a potential upside of 16.39% from the stock’s current price.

Other equities analysts have also recently issued reports about the stock. The Goldman Sachs Group boosted their price objective on shares of Payoneer Global from $9.00 to $12.00 and gave the company a “buy” rating in a research note on Wednesday. Citigroup upped their target price on shares of Payoneer Global from $7.00 to $8.50 and gave the company a “buy” rating in a report on Monday, August 12th. Northland Securities upped their target price on shares of Payoneer Global from $9.00 to $10.00 and gave the company an “outperform” rating in a report on Tuesday, September 10th. Benchmark increased their price objective on shares of Payoneer Global from $10.00 to $12.00 and gave the stock a “buy” rating in a report on Wednesday. Finally, Needham & Company LLC increased their target price on shares of Payoneer Global from $10.00 to $14.00 and gave the stock a “buy” rating in a research report on Wednesday. Six equities research analysts have rated the stock with a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Buy” and an average price target of $10.79.

Payoneer Global Price Performance

Shares of PAYO stock traded up $0.01 during trading on Wednesday, reaching $10.31. The company’s stock had a trading volume of 2,937,867 shares, compared to its average volume of 2,654,765. Payoneer Global has a 1-year low of $4.22 and a 1-year high of $10.49. The stock’s 50-day moving average price is $7.82 and its 200 day moving average price is $6.49. The company has a market capitalization of $3.94 billion, a price-to-earnings ratio of 38.19 and a beta of 0.82.

Payoneer Global (NASDAQ:PAYO) last issued its quarterly earnings data on Tuesday, November 5th. The company reported $0.11 earnings per share for the quarter, topping the consensus estimate of $0.04 by $0.07. The business had revenue of $248.30 million during the quarter, compared to the consensus estimate of $225.44 million. Payoneer Global had a net margin of 11.25% and a return on equity of 15.28%. The company’s revenue was up 19.4% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.05 EPS. On average, sell-side analysts anticipate that Payoneer Global will post 0.25 EPS for the current fiscal year.

Insider Buying and Selling

In related news, CAO Itai Perry sold 3,900 shares of the firm’s stock in a transaction on Wednesday, October 9th. The stock was sold at an average price of $8.00, for a total transaction of $31,200.00. Following the transaction, the chief accounting officer now directly owns 228,738 shares in the company, valued at $1,829,904. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. In other Payoneer Global news, CAO Itai Perry sold 3,900 shares of the firm’s stock in a transaction that occurred on Wednesday, October 9th. The shares were sold at an average price of $8.00, for a total value of $31,200.00. Following the sale, the chief accounting officer now owns 228,738 shares in the company, valued at approximately $1,829,904. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Scott H. Galit sold 150,000 shares of the business’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 transaction, the director now owns 1,809,674 shares of the company’s stock, valued at $12,794,395.18. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 158,000 shares of company stock worth $1,124,500 over the last ninety days. 5.57% of the stock is owned by insiders.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of PAYO. AXA S.A. lifted its holdings in shares of Payoneer Global by 1,394.5% during the 2nd quarter. AXA S.A. now owns 14,176,485 shares of the company’s stock valued at $78,538,000 after buying an additional 13,227,884 shares during the last quarter. Millennium Management LLC increased its position in Payoneer Global by 17.3% in the 2nd quarter. Millennium Management LLC now owns 6,764,016 shares of the company’s stock worth $37,473,000 after buying an additional 995,366 shares during the period. Price T Rowe Associates Inc. MD increased its position in Payoneer Global by 3.9% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 4,790,400 shares of the company’s stock worth $23,283,000 after buying an additional 178,842 shares during the period. Dimensional Fund Advisors LP increased its position in Payoneer Global by 22.7% in the 2nd quarter. Dimensional Fund Advisors LP now owns 4,593,005 shares of the company’s stock worth $25,446,000 after buying an additional 849,680 shares during the period. Finally, Victory Capital Management Inc. increased its position in shares of Payoneer Global by 17.1% during the second quarter. Victory Capital Management Inc. now owns 4,417,785 shares of the company’s stock valued at $24,475,000 after purchasing an additional 645,887 shares during the period. 82.22% of the stock is owned by institutional investors and hedge funds.

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.