Payoneer Global (NASDAQ:PAYO) Earns Buy Rating from Analysts at Deutsche Bank Aktiengesellschaft

Deutsche Bank Aktiengesellschaft began coverage on shares of Payoneer Global (NASDAQ:PAYO) in a report issued on Monday morning, Marketbeat.com reports. The brokerage issued a buy rating and a $13.00 target price on the stock.

Several other analysts have also recently commented on PAYO. Keefe, Bruyette & Woods decreased their price target on shares of Payoneer Global from $12.00 to $11.00 and set a “market perform” rating on the stock in a research note on Monday, January 6th. Benchmark lifted their target price on Payoneer Global from $10.00 to $12.00 and gave the company a “buy” rating in a research note on Wednesday, November 6th. Citigroup boosted 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. Wolfe Research cut Payoneer Global from an “outperform” rating to a “peer perform” rating in a report on Wednesday, January 8th. Finally, The Goldman Sachs Group boosted their price objective on Payoneer Global from $9.00 to $12.00 and gave the stock a “buy” rating in a report on Wednesday, November 6th. Two research analysts have rated the stock with a hold rating, six have given a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $12.00.

Payoneer Global Stock Performance

Shares of PAYO stock opened at $11.04 on Monday. Payoneer Global has a 52 week low of $4.22 and a 52 week high of $11.29. The stock has a market capitalization of $3.94 billion, a PE ratio of 31.54 and a beta of 0.93. The stock’s fifty day moving average is $10.37 and its 200-day moving average is $8.74.

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

Insiders Place Their Bets

In other news, insider Tsafi Goldman sold 96,350 shares of Payoneer Global stock in a transaction on Thursday, January 2nd. The shares were sold at an average price of $10.07, for a total transaction of $970,244.50. Following the transaction, the insider now directly owns 741,748 shares of the company’s stock, valued at $7,469,402.36. This trade represents a 11.50 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CFO Beatrice Ordonez sold 85,000 shares of the business’s stock in a transaction on Tuesday, January 21st. The shares were sold at an average price of $10.40, for a total transaction of $884,000.00. Following the completion of the transaction, the chief financial officer now directly owns 2,305,245 shares of the company’s stock, valued at $23,974,548. This trade represents a 3.56 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 7,999,625 shares of company stock worth $82,498,514. Insiders own 5.57% of the company’s stock.

Institutional Investors Weigh In On Payoneer Global

Hedge funds have recently modified their holdings of the business. Smartleaf Asset Management LLC increased its stake in Payoneer Global by 405.8% during the 4th quarter. Smartleaf Asset Management LLC now owns 3,819 shares of the company’s stock worth $38,000 after purchasing an additional 3,064 shares in the last quarter. Blue Trust Inc. increased its position in shares of Payoneer Global by 135.2% during the third quarter. Blue Trust Inc. now owns 4,440 shares of the company’s stock worth $33,000 after acquiring an additional 2,552 shares in the last quarter. Fifth Third Bancorp raised its holdings in shares of Payoneer Global by 29.3% during the fourth quarter. Fifth Third Bancorp now owns 4,488 shares of the company’s stock worth $45,000 after acquiring an additional 1,016 shares during the period. Quarry LP bought a new stake in Payoneer Global in the 2nd quarter valued at $29,000. Finally, GAMMA Investing LLC lifted its position in Payoneer Global by 438.5% in the 3rd quarter. GAMMA Investing LLC now owns 5,816 shares of the company’s stock valued at $44,000 after acquiring an additional 4,736 shares in the last quarter. 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.