Payoneer Global (NASDAQ:PAYO) Rating Increased to Hold at Wall Street Zen

Wall Street Zen upgraded shares of Payoneer Global (NASDAQ:PAYO) from a sell rating to a hold rating in a research report released on Friday morning.

A number of other analysts have also recently weighed in on PAYO. Needham & Company LLC boosted their target price on shares of Payoneer Global from $8.00 to $10.00 and gave the stock a “buy” rating in a research note on Wednesday, August 6th. Deutsche Bank Aktiengesellschaft initiated coverage on shares of Payoneer Global in a research note on Thursday, July 17th. They set a “buy” rating and a $8.00 target price on the stock. Finally, Weiss Ratings reaffirmed a “hold (c)” rating on shares of Payoneer Global in a research note on Saturday, September 27th. Eight analysts have rated the stock with a Buy rating and two have given a Hold rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $10.06.

Payoneer Global Price Performance

Shares of PAYO opened at $6.13 on Friday. Payoneer Global has a one year low of $5.71 and a one year high of $11.29. The company has a market cap of $2.21 billion, a P/E ratio of 23.58, a P/E/G ratio of 7.99 and a beta of 0.95. The firm has a 50 day simple moving average of $6.63 and a two-hundred day simple moving average of $6.77.

Payoneer Global (NASDAQ:PAYO) last announced its quarterly earnings data on Wednesday, August 6th. The company reported $0.05 EPS for the quarter, missing the consensus estimate of $0.06 by ($0.01). Payoneer Global had a net margin of 9.81% and a return on equity of 13.42%. The firm had revenue of $260.61 million for the quarter, compared to analyst estimates of $253.17 million. During the same quarter in the prior year, the firm earned $0.09 earnings per share. The firm’s revenue for the quarter was up 8.8% on a year-over-year basis. On average, analysts expect that Payoneer Global will post 0.34 earnings per share for the current fiscal year.

Institutional Trading of Payoneer Global

Institutional investors have recently bought and sold shares of the company. Principal Financial Group Inc. boosted its position in Payoneer Global by 2.8% during the first quarter. Principal Financial Group Inc. now owns 1,593,475 shares of the company’s stock valued at $11,648,000 after acquiring an additional 44,087 shares during the last quarter. Invesco Ltd. boosted its position in Payoneer Global by 136.4% during the first quarter. Invesco Ltd. now owns 2,343,706 shares of the company’s stock valued at $17,132,000 after acquiring an additional 1,352,438 shares during the last quarter. Aspen Capital Management LLC bought a new stake in Payoneer Global during the first quarter valued at $1,420,000. SG Americas Securities LLC boosted its position in Payoneer Global by 2,262.5% during the first quarter. SG Americas Securities LLC now owns 1,215,581 shares of the company’s stock valued at $8,886,000 after acquiring an additional 1,164,128 shares during the last quarter. Finally, Mirae Asset Global Investments Co. Ltd. boosted its position in Payoneer Global by 559.9% during the first quarter. Mirae Asset Global Investments Co. Ltd. now owns 8,480 shares of the company’s stock valued at $62,000 after acquiring an additional 7,195 shares during the last quarter. 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.