Analysts Set Payoneer Global Inc. (NASDAQ:PAYO) Target Price at $6.57

Shares of Payoneer Global Inc. (NASDAQ:PAYO) have earned a consensus recommendation of “Buy” from the seven brokerages that are covering the firm, MarketBeat.com reports. Seven equities research analysts have rated the stock with a buy recommendation. The average 12-month target price among analysts that have covered the stock in the last year is $6.57.

Several equities research analysts recently issued reports on the stock. Keefe, Bruyette & Woods decreased their target price on shares of Payoneer Global from $7.00 to $6.00 and set an “outperform” rating on the stock in a research report on Thursday, February 29th. Citigroup dropped their price objective on Payoneer Global from $7.50 to $6.00 and set a “buy” rating for the company in a report on Thursday, March 21st. Needham & Company LLC reduced their target price on Payoneer Global from $8.00 to $7.00 and set a “buy” rating on the stock in a report on Monday, April 1st. Cantor Fitzgerald dropped their price target on Payoneer Global from $8.00 to $7.00 and set an “overweight” rating for the company in a research note on Friday, March 1st. Finally, The Goldman Sachs Group dropped their target price on shares of Payoneer Global from $7.00 to $6.00 and set a “buy” rating for the company in a research report on Thursday, January 11th.

Insider Activity

In other news, Director Scott H. Galit sold 16,697 shares of the stock in a transaction dated Tuesday, February 20th. The stock was sold at an average price of $5.39, for a total transaction of $89,996.83. Following the transaction, the director now owns 3,156,731 shares of the company’s stock, valued at approximately $17,014,780.09. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. In related news, Director Scott H. Galit sold 340,120 shares of Payoneer Global stock in a transaction dated Tuesday, March 12th. The stock was sold at an average price of $4.51, for a total transaction of $1,533,941.20. Following the sale, the director now directly owns 3,127,981 shares of the company’s stock, valued at $14,107,194.31. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, Director Scott H. Galit sold 16,697 shares of Payoneer Global stock in a transaction that occurred on Tuesday, February 20th. The stock was sold at an average price of $5.39, for a total value of $89,996.83. Following the sale, the director now directly owns 3,156,731 shares in the company, valued at approximately $17,014,780.09. The disclosure for this sale can be found here. Insiders sold a total of 1,231,424 shares of company stock worth $5,865,310 in the last three months. 5.57% of the stock is owned by insiders.

Institutional Trading of Payoneer Global

A number of large investors have recently bought and sold shares of PAYO. Vanguard Group Inc. lifted its position in Payoneer Global by 2.8% during the 4th quarter. Vanguard Group Inc. now owns 28,579,172 shares of the company’s stock worth $148,897,000 after buying an additional 787,509 shares in the last quarter. Wellington Management Group LLP lifted its stake in shares of Payoneer Global by 68.4% during the fourth quarter. Wellington Management Group LLP now owns 7,784,978 shares of the company’s stock valued at $40,014,000 after acquiring an additional 3,161,509 shares during the period. Adage Capital Partners GP L.L.C. increased its position in Payoneer Global by 0.5% in the third quarter. Adage Capital Partners GP L.L.C. now owns 6,317,478 shares of the company’s stock worth $38,663,000 after purchasing an additional 32,946 shares during the period. Victory Capital Management Inc. raised its holdings in Payoneer Global by 6.0% during the 4th quarter. Victory Capital Management Inc. now owns 5,618,682 shares of the company’s stock worth $29,273,000 after purchasing an additional 320,108 shares during the last quarter. Finally, Jacobs Levy Equity Management Inc. boosted its stake in shares of Payoneer Global by 85.1% in the 3rd quarter. Jacobs Levy Equity Management Inc. now owns 2,979,701 shares of the company’s stock valued at $18,236,000 after purchasing an additional 1,370,007 shares during the last quarter. 82.22% of the stock is currently owned by institutional investors.

Payoneer Global Stock Up 0.4 %

Payoneer Global stock opened at $5.22 on Friday. Payoneer Global has a 1-year low of $4.02 and a 1-year high of $6.48. The company has a debt-to-equity ratio of 0.03, a current ratio of 1.09 and a quick ratio of 1.09. The stock’s 50 day moving average price is $4.80 and its 200 day moving average price is $5.06. The company has a market cap of $1.92 billion, a PE ratio of 21.75 and a beta of 0.77.

Payoneer Global (NASDAQ:PAYO) last posted its earnings results on Wednesday, February 28th. The company reported $0.05 earnings per share for the quarter, meeting the consensus estimate of $0.05. The company had revenue of $224.32 million for the quarter, compared to analyst estimates of $223.65 million. Payoneer Global had a return on equity of 14.80% and a net margin of 11.23%. On average, sell-side analysts predict that Payoneer Global will post 0.2 EPS for the current fiscal year.

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.