Payoneer Global (NASDAQ:PAYO) Given New $13.00 Price Target at Citigroup

Payoneer Global (NASDAQ:PAYO) had its price target boosted by Citigroup from $8.50 to $13.00 in a research report sent to investors on Tuesday,Benzinga reports. They currently have a buy rating on the stock.

PAYO has been the topic of a number of other research reports. Wolfe Research lowered Payoneer Global from an “outperform” rating to a “peer perform” rating in a research report on Wednesday, January 8th. Keefe, Bruyette & Woods dropped their price objective on shares of Payoneer Global from $12.00 to $11.00 and set a “market perform” rating on the stock in a report on Monday, January 6th. Northland Securities raised their target price on shares of Payoneer Global from $13.00 to $14.00 and gave the stock an “outperform” rating in a report on Friday, December 6th. Benchmark boosted their target price on shares of Payoneer Global from $10.00 to $12.00 and gave the company a “buy” rating in a research report on Wednesday, November 6th. Finally, Needham & Company LLC increased their price target on Payoneer Global from $10.00 to $14.00 and gave the stock a “buy” rating in a research report on Wednesday, November 6th. Two equities research analysts have rated the stock with a hold rating, five have issued a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, Payoneer Global has an average rating of “Moderate Buy” and a consensus target price of $11.86.

Payoneer Global Trading Up 2.1 %

NASDAQ:PAYO opened at $10.73 on Tuesday. The company has a market capitalization of $3.82 billion, a P/E ratio of 30.64 and a beta of 0.92. Payoneer Global has a 12 month low of $4.22 and a 12 month high of $11.29. The firm has a fifty day simple moving average of $10.41 and a 200-day simple moving average of $8.20.

Payoneer Global (NASDAQ:PAYO) last issued its earnings results on Tuesday, November 5th. The company reported $0.11 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.04 by $0.07. The company had revenue of $248.30 million during the quarter, compared to analyst estimates of $225.44 million. Payoneer Global had a return on equity of 17.78% and a net margin of 13.82%. The firm’s quarterly revenue was up 19.4% on a year-over-year basis. During the same quarter last year, the business posted $0.05 EPS. Equities analysts forecast that Payoneer Global will post 0.35 EPS for the current year.

Insider Activity at Payoneer Global

In other news, insider Tsafi Goldman sold 263,873 shares of the stock in a transaction dated Tuesday, December 10th. The shares were sold at an average price of $10.10, for a total transaction of $2,665,117.30. Following the sale, the insider now directly owns 741,748 shares of the company’s stock, valued at $7,491,654.80. This represents a 26.24 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, insider Crossover Managemen Technology sold 7,500,000 shares of Payoneer Global stock in a transaction dated Monday, November 11th. The shares were sold at an average price of $10.32, for a total value of $77,400,000.00. Following the completion of the transaction, the insider now owns 34,197,116 shares of the company’s stock, valued at approximately $352,914,237.12. This represents a 17.99 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 7,914,625 shares of company stock worth $81,614,514. 5.57% of the stock is owned by company insiders.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently made changes to their positions in the business. Van ECK Associates Corp increased its holdings in Payoneer Global by 1.6% in the 3rd quarter. Van ECK Associates Corp now owns 84,209 shares of the company’s stock worth $634,000 after acquiring an additional 1,306 shares in the last quarter. The Manufacturers Life Insurance Company increased its stake in shares of Payoneer Global by 1.2% during the third quarter. The Manufacturers Life Insurance Company now owns 165,996 shares of the company’s stock worth $1,250,000 after purchasing an additional 1,907 shares in the last quarter. Xponance Inc. raised its position in shares of Payoneer Global by 12.1% during the 2nd quarter. Xponance Inc. now owns 17,928 shares of the company’s stock worth $99,000 after purchasing an additional 1,942 shares during the last quarter. GAMMA Investing LLC lifted its stake in Payoneer Global by 41.7% in the 4th quarter. GAMMA Investing LLC now owns 8,241 shares of the company’s stock valued at $83,000 after buying an additional 2,425 shares in the last quarter. Finally, Blue Trust Inc. boosted its holdings in Payoneer Global by 135.2% in the 3rd quarter. Blue Trust Inc. now owns 4,440 shares of the company’s stock worth $33,000 after buying an additional 2,552 shares during the last quarter. Hedge funds and other 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.