Payoneer Global (NASDAQ:PAYO) PT Raised to $10.00

Payoneer Global (NASDAQ:PAYO) had its target price upped by Needham & Company LLC from $9.00 to $10.00 in a research report sent to investors on Monday morning, MarketBeat.com reports. The firm currently has a buy rating on the stock.

A number of other analysts have also recently commented on PAYO. Citigroup increased their price target on shares of Payoneer Global from $7.00 to $8.50 and gave the company a buy rating in a research note on Monday, August 12th. Benchmark restated a buy rating and set a $9.00 price objective on shares of Payoneer Global in a research note on Thursday, August 8th. Northland Securities boosted their target price on shares of Payoneer Global from $9.00 to $10.00 and gave the company an outperform rating in a research report on Tuesday, September 10th. Keefe, Bruyette & Woods boosted their price target on Payoneer Global from $7.00 to $8.00 and gave the stock an outperform rating in a report on Thursday, August 8th. Finally, Cantor Fitzgerald raised shares of Payoneer Global to a strong-buy rating in a research note on Monday, August 12th. Six investment analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, the company has an average rating of Buy and an average price target of $8.64.

Payoneer Global Stock Performance

Shares of NASDAQ:PAYO opened at $7.85 on Monday. The company has a market capitalization of $2.93 billion, a PE ratio of 26.17 and a beta of 0.85. Payoneer Global has a 52 week low of $4.22 and a 52 week high of $8.01. The company’s fifty day moving average is $7.18 and its 200-day moving average is $6.02.

Payoneer Global (NASDAQ:PAYO) last issued its earnings results on Wednesday, August 7th. The company reported $0.09 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.06 by $0.03. Payoneer Global had a return on equity of 15.28% and a net margin of 11.25%. The firm had revenue of $239.50 million for the quarter, compared to analysts’ expectations of $223.12 million. During the same quarter last year, the business earned $0.12 earnings per share. The company’s revenue was up 15.9% compared to the same quarter last year. On average, analysts forecast that Payoneer Global will post 0.25 EPS for the current year.

Insider Buying and Selling at Payoneer Global

In other Payoneer Global news, CAO Itai Perry sold 3,900 shares of the company’s stock in a transaction on Wednesday, October 9th. The shares were sold at an average price of $8.00, for a total transaction of $31,200.00. Following the sale, the chief accounting officer now owns 228,738 shares of the company’s stock, valued at approximately $1,829,904. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. In other news, Director Scott H. Galit sold 150,000 shares of the business’s stock in a transaction dated Wednesday, August 28th. The shares were sold at an average price of $7.07, for a total transaction of $1,060,500.00. Following the completion of the sale, the director now directly owns 1,809,674 shares of the company’s stock, valued at $12,794,395.18. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, CAO Itai Perry sold 3,900 shares of the stock in a transaction that occurred on Wednesday, October 9th. The stock was sold at an average price of $8.00, for a total value of $31,200.00. Following the completion of the sale, the chief accounting officer now directly owns 228,738 shares of the company’s stock, valued at approximately $1,829,904. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders sold 164,501 shares of company stock valued at $1,150,218. 5.57% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On Payoneer Global

Large investors have recently bought and sold shares of the stock. Vanguard Group Inc. increased its position in shares of Payoneer Global by 2.8% during the fourth quarter. Vanguard Group Inc. now owns 28,579,172 shares of the company’s stock valued at $148,897,000 after acquiring an additional 787,509 shares during the last quarter. AXA S.A. lifted its holdings in shares of 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 buying an additional 13,227,884 shares in the last quarter. Wellington Management Group LLP boosted its holdings in Payoneer Global by 68.4% in the 4th quarter. Wellington Management Group LLP now owns 7,784,978 shares of the company’s stock valued at $40,014,000 after purchasing an additional 3,161,509 shares during the period. Millennium Management LLC boosted its stake in Payoneer Global by 17.3% during the second quarter. Millennium Management LLC now owns 6,764,016 shares of the company’s stock valued at $37,473,000 after buying an additional 995,366 shares during the period. Finally, Price T Rowe Associates Inc. MD grew its holdings in shares of Payoneer Global by 3.9% during the first quarter. Price T Rowe Associates Inc. MD now owns 4,790,400 shares of the company’s stock worth $23,283,000 after purchasing an additional 178,842 shares in the last quarter. 82.22% of the stock is currently owned by institutional investors.

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.