Payoneer Global (NASDAQ:PAYO) Receives Buy Rating from Benchmark

Benchmark reiterated their buy rating on shares of Payoneer Global (NASDAQ:PAYO) in a report released on Tuesday morning, Benzinga reports. They currently have a $7.00 target price on the stock.

PAYO has been the subject of a number of other reports. The Goldman Sachs Group decreased their price target on Payoneer Global from $7.00 to $6.00 and set a buy rating for the company in a report on Thursday, January 11th. Keefe, Bruyette & Woods cut their target price on Payoneer Global from $7.00 to $6.00 and set an outperform rating on the stock in a research report on Thursday, February 29th. Cantor Fitzgerald decreased their target price on Payoneer Global from $8.00 to $7.00 and set an overweight rating for the company in a research report on Friday, March 1st. Citigroup cut their price target on Payoneer Global from $7.50 to $6.00 and set a buy rating on the stock in a research report on Thursday, March 21st. Finally, Needham & Company LLC reiterated a buy rating and set a $8.00 price target on shares of Payoneer Global in a research note on Wednesday, February 28th. Seven research analysts have rated the stock with a buy rating, According to MarketBeat.com, Payoneer Global presently has an average rating of Buy and a consensus target price of $6.71.

Payoneer Global Stock Performance

Shares of PAYO stock opened at $4.86 on Tuesday. The firm has a 50 day moving average of $4.87 and a two-hundred day moving average of $5.28. The stock has a market capitalization of $1.79 billion, a PE ratio of 20.25 and a beta of 0.81. The company has a quick ratio of 1.09, a current ratio of 1.09 and a debt-to-equity ratio of 0.03. Payoneer Global has a 52 week low of $4.02 and a 52 week high of $6.48.

Payoneer Global (NASDAQ:PAYO) last announced its quarterly earnings data on Wednesday, February 28th. The company reported $0.05 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.05. Payoneer Global had a return on equity of 14.80% and a net margin of 11.23%. The business had revenue of $224.32 million during the quarter, compared to analysts’ expectations of $223.65 million. On average, research analysts predict that Payoneer Global will post 0.22 EPS for the current fiscal year.

Insider Buying and Selling

In related news, Director Scott H. Galit sold 12,447 shares of the stock in a transaction dated Tuesday, February 6th. The shares were sold at an average price of $4.88, for a total transaction of $60,741.36. Following the completion of the transaction, the director now directly owns 3,190,571 shares of the company’s stock, valued at $15,569,986.48. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. In other Payoneer Global news, Director Scott H. Galit sold 12,447 shares of the stock in a transaction on Tuesday, February 6th. The stock was sold at an average price of $4.88, for a total value of $60,741.36. Following the completion of the transaction, the director now owns 3,190,571 shares in the company, valued at $15,569,986.48. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Tsafi Goldman sold 6,118 shares of the firm’s stock in a transaction dated Friday, February 23rd. The shares were sold at an average price of $5.45, for a total transaction of $33,343.10. Following the completion of the sale, the insider now owns 858,332 shares of the company’s stock, valued at approximately $4,677,909.40. The disclosure for this sale can be found here. Insiders sold a total of 796,105 shares of company stock valued at $3,744,909 over the last three months. 5.57% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On Payoneer Global

Several hedge funds and other institutional investors have recently bought and sold shares of the company. PNC Financial Services Group Inc. purchased a new position in Payoneer Global during the 4th quarter valued at about $27,000. Federated Hermes Inc. purchased a new position in shares of Payoneer Global during the 4th quarter worth approximately $29,000. Osaic Holdings Inc. raised its position in shares of Payoneer Global by 91.7% during the 2nd quarter. Osaic Holdings Inc. now owns 5,919 shares of the company’s stock worth $28,000 after purchasing an additional 2,831 shares during the last quarter. C M Bidwell & Associates Ltd. purchased a new stake in Payoneer Global in the 3rd quarter valued at approximately $39,000. Finally, Tower Research Capital LLC TRC grew its holdings in Payoneer Global by 63.3% during the 3rd quarter. Tower Research Capital LLC TRC now owns 6,452 shares of the company’s stock valued at $39,000 after buying an additional 2,501 shares during the last quarter. 82.22% of the stock is owned by institutional investors and hedge funds.

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.