Payoneer Global (NASDAQ:PAYO) Upgraded by Keefe, Bruyette & Woods to Outperform Rating

Keefe, Bruyette & Woods upgraded shares of Payoneer Global (NASDAQ:PAYO) from a market perform rating to an outperform rating in a report published on Tuesday morning,Benzinga reports. They currently have $9.00 target price on the stock, up from their previous target price of $7.00.

A number of other research analysts have also weighed in on PAYO. Citigroup boosted their target price on Payoneer Global from $14.50 to $16.50 and gave the stock a “buy” rating in a report on Tuesday, March 4th. Deutsche Bank Aktiengesellschaft began coverage on Payoneer Global in a research note on Monday, February 3rd. They issued a “buy” rating and a $13.00 price target for the company. The Goldman Sachs Group reduced their price target on Payoneer Global from $11.00 to $9.00 and set a “buy” rating for the company in a research note on Wednesday, April 2nd. Finally, Needham & Company LLC reduced their price target on Payoneer Global from $14.00 to $8.00 and set a “buy” rating for the company in a research note on Thursday, May 8th. One analyst has rated the stock with a hold rating, seven have issued a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, Payoneer Global has a consensus rating of “Buy” and a consensus target price of $11.64.

Payoneer Global Trading Up 3.9%

PAYO stock opened at $7.46 on Tuesday. The firm has a market capitalization of $2.68 billion, a PE ratio of 21.31, a PEG ratio of 2.88 and a beta of 1.03. Payoneer Global has a 1-year low of $5.03 and a 1-year high of $11.29. The business’s 50 day simple moving average is $6.91 and its 200 day simple moving average is $9.04.

Payoneer Global (NASDAQ:PAYO) last posted its earnings results on Wednesday, May 7th. The company reported $0.05 earnings per share for the quarter, missing analysts’ consensus estimates of $0.07 by ($0.02). The business had revenue of $246.62 million for the quarter, compared to analyst estimates of $244.52 million. Payoneer Global had a return on equity of 17.78% and a net margin of 13.82%. The firm’s revenue was up 8.1% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.08 earnings per share. As a group, sell-side analysts predict that Payoneer Global will post 0.34 EPS for the current fiscal year.

Institutional Trading of Payoneer Global

A number of institutional investors have recently modified their holdings of PAYO. Susquehanna Capital Management LLC lifted its position in shares of Payoneer Global by 290.3% during the 4th quarter. Susquehanna Capital Management LLC now owns 25,268,954 shares of the company’s stock valued at $253,700,000 after acquiring an additional 18,794,047 shares during the period. Nuveen LLC bought a new stake in shares of Payoneer Global during the 1st quarter valued at $28,023,000. Vanguard Group Inc. lifted its position in shares of Payoneer Global by 12.1% during the 1st quarter. Vanguard Group Inc. now owns 33,881,608 shares of the company’s stock valued at $247,675,000 after acquiring an additional 3,656,056 shares during the period. Arrowstreet Capital Limited Partnership lifted its position in shares of Payoneer Global by 200.0% during the 4th quarter. Arrowstreet Capital Limited Partnership now owns 3,470,347 shares of the company’s stock valued at $34,842,000 after acquiring an additional 2,313,481 shares during the period. Finally, Deutsche Bank AG lifted its position in shares of Payoneer Global by 252.8% during the 4th quarter. Deutsche Bank AG now owns 2,779,110 shares of the company’s stock valued at $27,902,000 after acquiring an additional 1,991,449 shares during the period. 82.22% of the stock is currently owned by institutional investors.

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.