Payoneer Global (NASDAQ:PAYO) Price Target Raised to $12.00

Payoneer Global (NASDAQ:PAYO) had its target price boosted by Keefe, Bruyette & Woods from $9.00 to $12.00 in a research report sent to investors on Wednesday morning,Benzinga reports. The firm currently has an outperform rating on the stock.

A number of other equities analysts have also weighed in on PAYO. Cantor Fitzgerald raised Payoneer Global to a “strong-buy” rating in a research note on Monday, August 12th. Needham & Company LLC increased their target price on Payoneer Global from $10.00 to $14.00 and gave the stock a “buy” rating in a research note on Wednesday. Citigroup upped their price target on Payoneer Global from $7.00 to $8.50 and gave the stock a “buy” rating in a report on Monday, August 12th. The Goldman Sachs Group increased their price objective on Payoneer Global from $9.00 to $12.00 and gave the company a “buy” rating in a report on Wednesday. Finally, Benchmark upped their target price on Payoneer Global from $10.00 to $12.00 and gave the company a “buy” rating in a research report on Wednesday. Six research analysts have rated the stock with a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, the company currently has an average rating of “Buy” and an average price target of $10.79.

Payoneer Global Trading Up 1.2 %

Shares of Payoneer Global stock traded up $0.13 during trading on Wednesday, hitting $10.81. 5,621,316 shares of the stock traded hands, compared to its average volume of 3,185,800. The stock’s fifty day simple moving average is $8.01 and its 200 day simple moving average is $6.59. Payoneer Global has a 52-week low of $4.22 and a 52-week high of $10.90. The firm has a market cap of $4.13 billion, a P/E ratio of 30.89 and a beta of 0.82.

Payoneer Global (NASDAQ:PAYO) last released its earnings results on Tuesday, November 5th. The company reported $0.11 EPS for the quarter, topping analysts’ consensus estimates of $0.04 by $0.07. Payoneer Global had a return on equity of 17.78% and a net margin of 13.82%. The firm had revenue of $248.30 million during the quarter, compared to the consensus estimate of $225.44 million. During the same quarter in the previous year, the company posted $0.05 earnings per share. The company’s revenue was up 19.4% compared to the same quarter last year. As a group, equities analysts expect that Payoneer Global will post 0.29 EPS for the current year.

Insiders Place Their Bets

In other news, CAO Itai Perry sold 4,100 shares of the business’s stock in a transaction on Tuesday, October 15th. The stock was sold at an average price of $8.00, for a total value of $32,800.00. Following the completion of the transaction, the chief accounting officer now directly owns 228,738 shares of the company’s stock, valued at $1,829,904. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. In related news, Director Scott H. Galit sold 150,000 shares of the stock in a transaction dated Wednesday, August 28th. The stock was sold at an average price of $7.07, for a total value of $1,060,500.00. Following the completion of the transaction, the director now owns 1,809,674 shares of the company’s stock, valued at approximately $12,794,395.18. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, CAO Itai Perry sold 4,100 shares of the company’s stock in a transaction that occurred on Tuesday, October 15th. The shares were sold at an average price of $8.00, for a total value of $32,800.00. Following the sale, the chief accounting officer now owns 228,738 shares in the company, valued at $1,829,904. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 158,000 shares of company stock worth $1,124,500. 5.57% of the stock is owned by corporate insiders.

Institutional Trading of Payoneer Global

A number of institutional investors and hedge funds have recently made changes to their positions in the stock. Intech Investment Management LLC acquired a new stake in shares of Payoneer Global during the 3rd quarter worth approximately $458,000. Quest Partners LLC acquired a new stake in Payoneer Global in the 3rd quarter valued at approximately $415,000. Royce & Associates LP increased its position in Payoneer Global by 49.3% in the 3rd quarter. Royce & Associates LP now owns 234,010 shares of the company’s stock valued at $1,762,000 after acquiring an additional 77,232 shares during the period. Los Angeles Capital Management LLC acquired a new stake in Payoneer Global in the 3rd quarter valued at approximately $210,000. Finally, Advisor Resource Council acquired a new stake in Payoneer Global in the 3rd quarter valued at approximately $105,000. 82.22% of the stock is currently owned by institutional investors and hedge funds.

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.