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

Payoneer Global Inc. (NASDAQ:PAYO) has received an average recommendation of “Moderate Buy” from the eight analysts that are presently covering the stock, MarketBeat.com reports. Two equities research analysts have rated the stock with a hold rating and six have given a buy rating to the company. The average 12-month price target among analysts that have covered the stock in the last year is $8.8333.

Several research analysts recently issued reports on PAYO shares. Jefferies Financial Group set a $7.00 price target on shares of Payoneer Global in a research report on Wednesday, November 5th. Wall Street Zen upgraded shares of Payoneer Global from a “sell” rating to a “hold” rating in a research report on Saturday, November 8th. Weiss Ratings reissued a “hold (c)” rating on shares of Payoneer Global in a report on Wednesday, October 8th. Finally, Needham & Company LLC restated a “buy” rating and issued a $10.00 price objective on shares of Payoneer Global in a research report on Monday, October 6th.

Payoneer Global Price Performance

Shares of PAYO opened at $5.68 on Monday. The company has a market capitalization of $2.02 billion, a P/E ratio of 29.90, a PEG ratio of 7.74 and a beta of 1.00. Payoneer Global has a one year low of $4.91 and a one year high of $11.19. The business’s 50 day simple moving average is $5.80 and its 200-day simple moving average is $6.42.

Payoneer Global (NASDAQ:PAYO) last issued its quarterly earnings data on Wednesday, November 5th. The company reported $0.04 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.06 by ($0.02). The business had revenue of $270.85 million during the quarter, compared to the consensus estimate of $262.66 million. Payoneer Global had a net margin of 6.96% and a return on equity of 10.71%. The company’s revenue for the quarter was up 9.1% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.11 EPS. On average, sell-side analysts anticipate that Payoneer Global will post 0.34 EPS for the current fiscal year.

Hedge Funds Weigh In On Payoneer Global

Hedge funds have recently added to or reduced their stakes in the company. Osaic Holdings Inc. boosted its stake in shares of Payoneer Global by 246.5% in the 2nd quarter. Osaic Holdings Inc. now owns 4,636 shares of the company’s stock valued at $33,000 after purchasing an additional 3,298 shares during the last quarter. BI Asset Management Fondsmaeglerselskab A S bought a new position in Payoneer Global in the first quarter valued at approximately $34,000. Quarry LP grew its holdings in Payoneer Global by 9,273.2% during the 3rd quarter. Quarry LP now owns 10,498 shares of the company’s stock worth $64,000 after acquiring an additional 10,386 shares during the period. Journey Strategic Wealth LLC acquired a new stake in Payoneer Global during the 2nd quarter worth $71,000. Finally, Marex Group plc bought a new stake in shares of Payoneer Global during the 2nd quarter valued at $72,000. Institutional investors own 82.22% of the company’s stock.

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.