Payoneer Global Inc. (NASDAQ:PAYO) Receives Consensus Recommendation of “Buy” from Analysts

Payoneer Global Inc. (NASDAQ:PAYO) has been assigned an average rating of “Buy” from the six ratings firms that are covering the stock, Marketbeat.com reports. Six equities research analysts have rated the stock with a buy recommendation. The average 1-year price target among analysts that have covered the stock in the last year is $7.00.

Several analysts have recently commented on PAYO shares. Needham & Company LLC increased their price objective on Payoneer Global from $7.00 to $8.00 and gave the company a “buy” rating in a report on Thursday, May 9th. Benchmark reissued a “buy” rating and issued a $9.00 target price on shares of Payoneer Global in a research report on Tuesday, May 14th.

Insiders Place Their Bets

In other Payoneer Global news, Director Avi Zeevi sold 10,116 shares of the stock in a transaction dated Thursday, May 9th. The stock was sold at an average price of $5.91, for a total transaction of $59,785.56. Following the sale, the director now directly owns 483,202 shares of the company’s stock, valued at approximately $2,855,723.82. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. In other Payoneer Global news, CAO Itai Perry sold 6,000 shares of the stock in a transaction dated Tuesday, May 21st. The stock was sold at an average price of $6.00, for a total transaction of $36,000.00. Following the sale, the chief accounting officer now directly owns 233,639 shares of the company’s stock, valued at approximately $1,401,834. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Avi Zeevi sold 10,116 shares of the firm’s stock in a transaction dated Thursday, May 9th. The shares were sold at an average price of $5.91, for a total value of $59,785.56. Following the sale, the director now owns 483,202 shares in the company, valued at $2,855,723.82. The disclosure for this sale can be found here. In the last three months, insiders have sold 1,806,285 shares of company stock valued at $9,837,589. Company insiders own 5.57% of the company’s stock.

Institutional Investors Weigh In On Payoneer Global

A number of institutional investors have recently modified their holdings of the business. Harel Insurance Investments & Financial Services Ltd. grew its position in shares of Payoneer Global by 27.8% during the 1st quarter. Harel Insurance Investments & Financial Services Ltd. now owns 9,541 shares of the company’s stock valued at $46,000 after acquiring an additional 2,074 shares during the period. Yousif Capital Management LLC grew its position in shares of Payoneer Global by 1.8% during the 4th quarter. Yousif Capital Management LLC now owns 129,060 shares of the company’s stock valued at $672,000 after acquiring an additional 2,320 shares during the period. Texas Permanent School Fund Corp grew its position in shares of Payoneer Global by 1.3% during the 1st quarter. Texas Permanent School Fund Corp now owns 227,988 shares of the company’s stock valued at $1,108,000 after acquiring an additional 2,958 shares during the period. Illinois Municipal Retirement Fund grew its position in shares of Payoneer Global by 1.9% during the 1st quarter. Illinois Municipal Retirement Fund now owns 160,551 shares of the company’s stock valued at $780,000 after acquiring an additional 3,028 shares during the period. Finally, ProShare Advisors LLC grew its position in shares of Payoneer Global by 7.5% during the 1st quarter. ProShare Advisors LLC now owns 53,333 shares of the company’s stock valued at $259,000 after acquiring an additional 3,730 shares during the period. 82.22% of the stock is currently owned by institutional investors and hedge funds.

Payoneer Global Stock Performance

Shares of PAYO opened at $5.41 on Friday. Payoneer Global has a 12 month low of $4.22 and a 12 month high of $6.48. The stock has a fifty day moving average price of $5.63 and a 200-day moving average price of $5.19. The company has a current ratio of 1.09, a quick ratio of 1.09 and a debt-to-equity ratio of 0.02. The firm has a market cap of $2.02 billion, a PE ratio of 18.03 and a beta of 0.82.

Payoneer Global (NASDAQ:PAYO) last issued its quarterly earnings data on Wednesday, May 8th. The company reported $0.08 EPS for the quarter, beating the consensus estimate of $0.05 by $0.03. Payoneer Global had a return on equity of 17.56% and a net margin of 13.19%. The firm had revenue of $228.20 million during the quarter, compared to analyst estimates of $211.63 million. During the same quarter in the prior year, the business posted $0.02 EPS. The business’s revenue for the quarter was up 18.9% compared to the same quarter last year. Equities research analysts predict that Payoneer Global will post 0.23 earnings per share 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.