Keefe, Bruyette & Woods Lowers Payoneer Global (NASDAQ:PAYO) Price Target to $10.00

Payoneer Global (NASDAQ:PAYO) had its price objective dropped by investment analysts at Keefe, Bruyette & Woods from $11.00 to $10.00 in a report issued on Friday,Benzinga reports. The brokerage currently has a “market perform” rating on the stock. Keefe, Bruyette & Woods’ target price points to a potential upside of 16.96% from the company’s current price.

Other equities research analysts have also recently issued reports about the stock. Deutsche Bank Aktiengesellschaft began coverage on shares of Payoneer Global in a research report on Monday, February 3rd. They set a “buy” rating and a $13.00 price objective for the company. The Goldman Sachs Group lifted their price target on shares of Payoneer Global from $9.00 to $12.00 and gave the company a “buy” rating in a research report on Wednesday, November 6th. Benchmark increased their price objective on Payoneer Global from $10.00 to $12.00 and gave the stock a “buy” rating in a research report on Wednesday, November 6th. Wolfe Research downgraded Payoneer Global from an “outperform” rating to a “peer perform” rating in a research report on Wednesday, January 8th. Finally, Citigroup increased their price target on Payoneer Global from $8.50 to $13.00 and gave the stock a “buy” rating in a report on Tuesday, January 14th. Two research analysts have rated the stock with a hold rating, six have given a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $12.57.

Payoneer Global Trading Down 1.5 %

PAYO stock opened at $8.55 on Friday. The firm has a 50-day moving average of $10.27 and a two-hundred day moving average of $9.25. 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 $3.05 billion, a price-to-earnings ratio of 24.43, a PEG ratio of 2.88 and a beta of 0.93.

Payoneer Global (NASDAQ:PAYO) last released its quarterly earnings data on Thursday, February 27th. The company reported $0.05 earnings per share for the quarter, missing analysts’ consensus estimates of $0.06 by ($0.01). Payoneer Global had a return on equity of 17.78% and a net margin of 13.82%. The company had revenue of $261.74 million for the quarter, compared to analyst estimates of $242.14 million. During the same period last year, the firm posted $0.05 EPS. As a group, equities analysts forecast that Payoneer Global will post 0.34 earnings per share for the current year.

Insider Activity

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 owns 741,748 shares of the company’s stock, valued at approximately $7,491,654.80. This represents a 26.24 % 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 the SEC website. Also, CFO Beatrice Ordonez sold 85,000 shares of Payoneer Global stock in a transaction that occurred 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 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 ninety days, insiders sold 445,223 shares of company stock valued at $4,519,362. 5.57% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On Payoneer Global

Hedge funds have recently added to or reduced their stakes in the business. Quarry LP purchased a new stake in shares of Payoneer Global during the fourth quarter worth $29,000. Smartleaf Asset Management LLC grew 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 holdings in Payoneer Global by 135.2% during the 3rd quarter. Blue Trust Inc. now owns 4,440 shares of the company’s stock worth $33,000 after purchasing an additional 2,552 shares during the period. Fifth Third Bancorp raised its position in Payoneer Global by 29.3% in the 4th quarter. Fifth Third Bancorp now owns 4,488 shares of the company’s stock valued at $45,000 after purchasing an additional 1,016 shares in the last quarter. Finally, GAMMA Investing LLC boosted its stake in shares of 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 during the period. 82.22% of the stock is currently 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.