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 Saturday morning.

A number of other research analysts have also commented on the company. Benchmark decreased their price objective on Payoneer Global from $10.00 to $7.00 and set a “buy” rating on the stock in a report on Friday, March 6th. Needham & Company LLC reduced their target price on Payoneer Global from $10.00 to $8.00 and set a “buy” rating on the stock in a report on Thursday, February 26th. Bank of America assumed coverage on Payoneer Global in a report on Wednesday, March 25th. They set a “buy” rating and a $6.00 target price on the stock. Keefe, Bruyette & Woods reduced their target price on Payoneer Global from $7.50 to $7.00 and set an “outperform” rating on the stock in a report on Friday, February 27th. Finally, Weiss Ratings reissued a “hold (c)” rating on shares of Payoneer Global in a report on Thursday, January 22nd. Seven analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $7.57.

Payoneer Global Price Performance

Shares of NASDAQ PAYO opened at $5.04 on Friday. The stock’s fifty day moving average price is $4.84 and its two-hundred day moving average price is $5.42. Payoneer Global has a one year low of $4.08 and a one year high of $7.66. The firm has a market cap of $1.74 billion, a price-to-earnings ratio of 26.53, a P/E/G ratio of 0.62 and a beta of 1.02.

Payoneer Global (NASDAQ:PAYO) last issued its quarterly earnings data on Thursday, February 26th. The company reported $0.05 EPS for the quarter, missing analysts’ consensus estimates of $0.06 by ($0.01). Payoneer Global had a net margin of 6.95% and a return on equity of 10.89%. The firm had revenue of $274.69 million during the quarter, compared to analyst estimates of $282.79 million. During the same period in the prior year, the company earned $0.05 earnings per share. The business’s quarterly revenue was up 5.0% compared to the same quarter last year. On average, equities analysts anticipate that Payoneer Global will post 0.26 earnings per share for the current fiscal year.

Institutional Trading of Payoneer Global

Several large investors have recently modified their holdings of the stock. Nisa Investment Advisors LLC grew its holdings in shares of Payoneer Global by 4.1% during the 3rd quarter. Nisa Investment Advisors LLC now owns 49,815 shares of the company’s stock worth $301,000 after purchasing an additional 1,949 shares in the last quarter. Van ECK Associates Corp lifted its position in shares of Payoneer Global by 2.4% during the 4th quarter. Van ECK Associates Corp now owns 84,678 shares of the company’s stock worth $476,000 after buying an additional 1,977 shares during the last quarter. Susquehanna International Group LLP lifted its position in shares of Payoneer Global by 9.5% during the 3rd quarter. Susquehanna International Group LLP now owns 24,637 shares of the company’s stock worth $149,000 after buying an additional 2,144 shares during the last quarter. ProShare Advisors LLC lifted its position in shares of Payoneer Global by 4.1% during the 4th quarter. ProShare Advisors LLC now owns 54,909 shares of the company’s stock worth $309,000 after buying an additional 2,145 shares during the last quarter. Finally, Teacher Retirement System of Texas lifted its position in shares of Payoneer Global by 1.3% during the 3rd quarter. Teacher Retirement System of Texas now owns 169,396 shares of the company’s stock worth $1,025,000 after buying an additional 2,240 shares during the last quarter. 82.22% of the stock is owned by institutional investors and hedge funds.

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.