Payoneer Global (NASDAQ:PAYO) Given “Market Perform” Rating at William Blair

Payoneer Global (NASDAQ:PAYO)‘s stock had its “market perform” rating restated by William Blair in a research note issued to investors on Monday,Benzinga reports.

Several other research analysts also recently issued reports on PAYO. Keefe, Bruyette & Woods dropped their target price on shares of Payoneer Global from $7.50 to $7.00 and set an “outperform” rating on the stock in a research note on Friday, February 27th. Wall Street Zen upgraded shares of Payoneer Global from a “sell” rating to a “hold” rating in a research note on Saturday, May 2nd. Needham & Company LLC lowered Payoneer Global from a “buy” rating to a “hold” rating in a report on Monday. Bank of America initiated coverage on Payoneer Global in a report on Wednesday, March 25th. They set a “buy” rating and a $6.00 price target on the stock. Finally, Northland Securities set a $7.40 price objective on shares of Payoneer Global in a research report on Monday. Four analysts have rated the stock with a Buy rating and three have given a Hold rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $7.49.

Payoneer Global Stock Up 4.1%

Shares of NASDAQ:PAYO traded up $0.28 during midday trading on Monday, reaching $7.03. The company’s stock had a trading volume of 78,581,906 shares, compared to its average volume of 5,450,526. The firm has a market capitalization of $2.35 billion, a P/E ratio of 35.15, a PEG ratio of 0.72 and a beta of 1.02. Payoneer Global has a 12-month low of $4.08 and a 12-month high of $7.66. The firm has a 50 day moving average of $5.13 and a 200-day moving average of $5.32.

Payoneer Global (NASDAQ:PAYO) last released its earnings results on Thursday, May 7th. The company reported $0.06 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.04 by $0.02. The firm had revenue of $261.60 million during the quarter, compared to analyst estimates of $255.12 million. Payoneer Global had a net margin of 6.76% and a return on equity of 11.10%. The business’s revenue was up 6.1% on a year-over-year basis. During the same period last year, the business earned $0.05 earnings per share. On average, research analysts predict that Payoneer Global will post 0.27 EPS for the current year.

Institutional Investors Weigh In On Payoneer Global

Institutional investors have recently made changes to their positions in the company. Van ECK Associates Corp boosted its holdings in Payoneer Global by 2.4% during the 4th quarter. Van ECK Associates Corp now owns 84,678 shares of the company’s stock valued at $476,000 after acquiring an additional 1,977 shares during the period. Susquehanna International Group LLP boosted its position in shares of Payoneer Global by 9.5% in the 3rd quarter. Susquehanna International Group LLP now owns 24,637 shares of the company’s stock worth $149,000 after purchasing an additional 2,144 shares in the last quarter. ProShare Advisors LLC increased its position in Payoneer Global by 4.1% during the 4th quarter. ProShare Advisors LLC now owns 54,909 shares of the company’s stock valued at $309,000 after buying an additional 2,145 shares in the last quarter. LPL Financial LLC increased its holdings in shares of Payoneer Global by 5.8% during the fourth quarter. LPL Financial LLC now owns 42,211 shares of the company’s stock valued at $237,000 after acquiring an additional 2,304 shares in the last quarter. Finally, Sequoia Financial Advisors LLC raised its holdings in shares of Payoneer Global by 8.1% in the fourth quarter. Sequoia Financial Advisors LLC now owns 31,677 shares of the company’s stock worth $178,000 after buying an additional 2,368 shares during the last quarter. Institutional investors own 82.22% of the company’s stock.

About Payoneer Global

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.