Brokerages Set Payoneer Global Inc. (NASDAQ:PAYO) Target Price at $9.00

Payoneer Global Inc. (NASDAQ:PAYO) has been given a consensus rating of “Moderate Buy” by the nine research firms that are currently covering the firm, MarketBeat reports. Two analysts have rated the stock with a hold recommendation and seven have given a buy recommendation to the company. The average 1-year price target among analysts that have issued a report on the stock in the last year is $9.00.

A number of equities analysts have recently weighed in on the company. Jefferies Financial Group set a $7.00 target price on Payoneer Global in a research note on Wednesday, November 5th. Benchmark lowered their price objective on Payoneer Global from $12.00 to $10.00 and set a “buy” rating on the stock in a research report on Tuesday, December 23rd. Wall Street Zen raised Payoneer Global from a “sell” rating to a “hold” rating in a report on Saturday, November 8th. Needham & Company LLC restated a “buy” rating and issued a $10.00 price target on shares of Payoneer Global in a research note on Monday, October 6th. Finally, Weiss Ratings reaffirmed a “hold (c)” rating on shares of Payoneer Global in a research report on Wednesday, October 8th.

Institutional Trading of Payoneer Global

Several large investors have recently modified their holdings of the stock. Tudor Investment Corp ET AL increased its position in shares of Payoneer Global by 15.8% in the third quarter. Tudor Investment Corp ET AL now owns 1,065,357 shares of the company’s stock worth $6,445,000 after purchasing an additional 145,084 shares during the period. Swiss Life Asset Management Ltd bought a new stake in Payoneer Global during the third quarter worth about $80,000. CIBC Bancorp USA Inc. acquired a new stake in Payoneer Global during the third quarter worth about $180,000. PharVision Advisers LLC acquired a new stake in Payoneer Global during the third quarter worth about $332,000. Finally, XTX Topco Ltd increased its holdings in Payoneer Global by 86.0% in the 3rd quarter. XTX Topco Ltd now owns 93,101 shares of the company’s stock valued at $563,000 after buying an additional 43,050 shares during the period. 82.22% of the stock is owned by institutional investors and hedge funds.

Payoneer Global Price Performance

PAYO stock opened at $5.71 on Friday. The company has a fifty day moving average price of $5.73 and a two-hundred day moving average price of $6.30. Payoneer Global has a one year low of $4.91 and a one year high of $11.19. The stock has a market cap of $2.04 billion, a price-to-earnings ratio of 30.05, a price-to-earnings-growth ratio of 7.73 and a beta of 1.00.

Payoneer Global (NASDAQ:PAYO) last issued its quarterly earnings data on Wednesday, November 5th. The company reported $0.04 earnings per share for the quarter, missing the consensus estimate of $0.06 by ($0.02). The company had revenue of $270.85 million during the quarter, compared to the consensus estimate of $262.66 million. Payoneer Global had a net margin of 6.96% and a return on equity of 10.71%. Payoneer Global’s revenue for the quarter was up 9.1% compared to the same quarter last year. During the same period in the previous year, the company earned $0.11 earnings per share. Research analysts anticipate that Payoneer Global will post 0.34 EPS for the current fiscal year.

Payoneer Global Company Profile

Payoneer Global (NASDAQ: PAYO) operates a digital payments platform that enables businesses, marketplaces and professionals to send and receive cross-border payments. The company’s core offerings include multi-currency receiving accounts, mass payout services and working capital solutions. Through its platform, Payoneer facilitates global transactions by connecting payors and payees across a network of local bank transfers, card payouts and digital wallets, supporting the seamless movement of funds in over 150 currencies.

Founded in 2005, Payoneer has grown from a small fintech venture into a widely adopted payments infrastructure provider that serves clients in more than 200 countries and territories.