Payoneer Global (NASDAQ:PAYO) Given New $10.00 Price Target at Benchmark

Payoneer Global (NASDAQ:PAYO) had its target price hoisted by Benchmark from $9.00 to $10.00 in a research report report published on Tuesday morning, Benzinga reports. They currently have a buy rating on the stock.

Several other analysts also recently weighed in on PAYO. The Goldman Sachs Group increased their target price on Payoneer Global from $8.00 to $9.00 and gave the company a “buy” rating in a research note on Monday, October 14th. Keefe, Bruyette & Woods upped their target price on shares of Payoneer Global from $7.00 to $8.00 and gave the company an “outperform” rating in a research note on Thursday, August 8th. Cantor Fitzgerald raised shares of Payoneer Global to a “strong-buy” rating in a report on Monday, August 12th. Needham & Company LLC raised their target price on Payoneer Global from $9.00 to $10.00 and gave the company a “buy” rating in a research note on Monday, October 7th. Finally, Citigroup upped their price target on shares of Payoneer Global from $7.00 to $8.50 and gave the stock a “buy” rating in a research report on Monday, August 12th. Six analysts have rated the stock with a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Buy” and a consensus target price of $8.93.

Payoneer Global Stock Down 0.5 %

NASDAQ:PAYO opened at $8.36 on Tuesday. The company’s 50 day moving average is $7.57 and its 200-day moving average is $6.28. Payoneer Global has a 12 month low of $4.22 and a 12 month high of $8.56. The firm has a market cap of $3.12 billion, a price-to-earnings ratio of 27.87 and a beta of 0.85.

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

Insider Buying and Selling

In other Payoneer Global news, Director Scott H. Galit sold 150,000 shares of Payoneer Global stock in a transaction on 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 owns 1,809,674 shares of the company’s stock, valued at approximately $12,794,395.18. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other Payoneer Global news, Director Scott H. Galit sold 150,000 shares of the firm’s stock in a transaction dated Wednesday, August 28th. The stock was sold at an average price of $7.07, for a total transaction of $1,060,500.00. Following the transaction, the director now owns 1,809,674 shares in the company, valued at approximately $12,794,395.18. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CAO Itai Perry sold 4,100 shares of the company’s stock in a transaction dated Tuesday, October 15th. The shares were sold at an average price of $8.00, for a total value of $32,800.00. 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. Insiders sold a total of 158,000 shares of company stock valued at $1,124,500 over the last ninety days. Insiders own 5.57% of the company’s stock.

Hedge Funds Weigh In On Payoneer Global

Institutional investors and hedge funds have recently made changes to their positions in the company. Quarry LP bought a new position in Payoneer Global during the second quarter worth about $29,000. Blue Trust Inc. increased its stake 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 in the last quarter. SageView Advisory Group LLC acquired a new stake in Payoneer Global during the 1st quarter worth approximately $39,000. GAMMA Investing LLC lifted its stake in Payoneer Global by 438.5% in the third quarter. GAMMA Investing LLC now owns 5,816 shares of the company’s stock valued at $44,000 after buying an additional 4,736 shares in the last quarter. Finally, Harel Insurance Investments & Financial Services Ltd. boosted its holdings in shares of Payoneer Global by 27.8% in the first quarter. Harel Insurance Investments & Financial Services Ltd. now owns 9,541 shares of the company’s stock valued at $46,000 after buying an additional 2,074 shares during the period. 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.