Payoneer Global (NASDAQ:PAYO) Given “Buy” Rating at Benchmark

Benchmark reiterated their buy rating on shares of Payoneer Global (NASDAQ:PAYO) in a report published on Thursday, Benzinga reports. Benchmark currently has a $9.00 price objective on the stock.

Several other research firms have also recently commented on PAYO. Needham & Company LLC lifted their target price on shares of Payoneer Global from $8.00 to $9.00 and gave the stock a buy rating in a research report on Thursday. Keefe, Bruyette & Woods raised their price target on shares of Payoneer Global from $7.00 to $8.00 and gave the stock an outperform rating in a research note on Thursday. Six research analysts have rated the stock with a buy rating, According to MarketBeat.com, the company has an average rating of Buy and a consensus price target of $7.83.

Payoneer Global Stock Up 0.3 %

NASDAQ PAYO traded up $0.02 during trading hours on Thursday, hitting $6.73. The company’s stock had a trading volume of 4,088,931 shares, compared to its average volume of 2,645,287. Payoneer Global has a 52 week low of $4.22 and a 52 week high of $6.84. The company has a market capitalization of $2.51 billion, a PE ratio of 22.43 and a beta of 0.82. 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 company’s 50-day simple moving average is $5.59 and its two-hundred day simple moving average is $5.26.

Payoneer Global (NASDAQ:PAYO) last announced its quarterly earnings results on Wednesday, August 7th. The company reported $0.09 earnings per share for the quarter, beating the consensus estimate of $0.06 by $0.03. Payoneer Global had a net margin of 13.19% and a return on equity of 17.56%. The business had revenue of $239.50 million for the quarter, compared to analysts’ expectations of $223.12 million. During the same quarter last year, the firm earned $0.12 EPS. The firm’s revenue for the quarter was up 15.9% compared to the same quarter last year. Research analysts anticipate that Payoneer Global will post 0.23 EPS for the current fiscal year.

Insider Buying and Selling at Payoneer Global

In other Payoneer Global news, Director Avi Zeevi sold 23,793 shares of the firm’s stock in a transaction on Tuesday, May 14th. The shares were sold at an average price of $5.90, for a total value of $140,378.70. Following the completion of the transaction, the director now directly owns 430,055 shares of the company’s stock, valued at approximately $2,537,324.50. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. In other news, Director Avi Zeevi sold 23,793 shares of Payoneer Global stock in a transaction on Tuesday, May 14th. The shares were sold at an average price of $5.90, for a total transaction of $140,378.70. Following the completion of the sale, the director now directly owns 430,055 shares of the company’s stock, valued at approximately $2,537,324.50. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Scott H. Galit sold 400,300 shares of Payoneer Global stock in a transaction on Wednesday, July 10th. The stock was sold at an average price of $5.34, for a total transaction of $2,137,602.00. Following the sale, the director now directly owns 2,122,421 shares of the company’s stock, valued at $11,333,728.14. The disclosure for this sale can be found here. Insiders sold a total of 1,783,948 shares of company stock valued at $9,713,888 in the last three months. Company insiders own 5.57% of the company’s stock.

Institutional Trading of Payoneer Global

Several hedge funds have recently added to or reduced their stakes in PAYO. Federated Hermes Inc. purchased a new position in shares of Payoneer Global in the fourth quarter valued at about $29,000. SageView Advisory Group LLC purchased a new position in shares of Payoneer Global in the first quarter valued at about $39,000. Harel Insurance Investments & Financial Services Ltd. increased its position in shares of Payoneer Global by 27.8% in the first 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. Blueshift Asset Management LLC purchased a new position in shares of Payoneer Global in the fourth quarter valued at about $56,000. Finally, Sage Rhino Capital LLC purchased a new position in shares of Payoneer Global in the second quarter valued at about $56,000. 82.22% of the stock is owned by institutional investors.

About Payoneer Global

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.