Payoneer Global (NASDAQ:PAYO) Cut to Sell at Wall Street Zen

Wall Street Zen downgraded shares of Payoneer Global (NASDAQ:PAYO) from a hold rating to a sell rating in a research note released on Saturday morning.

A number of other equities analysts also recently commented on the stock. Benchmark reduced their price objective on shares of Payoneer Global from $10.00 to $7.00 and set a “buy” rating for the company in a research note on Friday. Needham & Company LLC lowered their target price on Payoneer Global from $10.00 to $8.00 and set a “buy” rating on the stock in a research report on Thursday, February 26th. Keefe, Bruyette & Woods dropped their target price on Payoneer Global from $7.50 to $7.00 and set an “outperform” rating on the stock in a report on Friday, February 27th. Finally, Weiss Ratings reissued a “hold (c)” rating on shares of Payoneer Global in a research report on Thursday, January 22nd. Seven equities research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the stock. According to MarketBeat, Payoneer Global currently has an average rating of “Moderate Buy” and an average price target of $8.00.

Payoneer Global Stock Up 0.2%

NASDAQ PAYO opened at $4.71 on Friday. Payoneer Global has a 12-month low of $4.08 and a 12-month high of $7.97. The company has a market capitalization of $1.68 billion, a PE ratio of 24.79, a price-to-earnings-growth ratio of 0.57 and a beta of 1.10. The firm’s 50 day moving average is $5.49 and its 200-day moving average is $5.85.

Payoneer Global (NASDAQ:PAYO) last announced its quarterly earnings data on Thursday, February 26th. The company reported $0.05 EPS for the quarter, missing analysts’ consensus estimates of $0.06 by ($0.01). The business had revenue of $274.69 million during the quarter, compared to the consensus estimate of $282.79 million. Payoneer Global had a return on equity of 10.89% and a net margin of 6.95%.The business’s revenue for the quarter was up 5.0% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.05 EPS. As a group, sell-side analysts expect that Payoneer Global will post 0.34 EPS for the current year.

Institutional Trading of Payoneer Global

Large investors have recently added to or reduced their stakes in the company. Osaic Holdings Inc. grew its position 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 acquiring an additional 3,298 shares during the period. CWM LLC raised its holdings in shares of Payoneer Global by 178.6% in the 4th quarter. CWM LLC now owns 9,384 shares of the company’s stock valued at $53,000 after purchasing an additional 6,016 shares during the period. Vident Advisory LLC bought a new stake in shares of Payoneer Global in the 4th quarter valued at about $58,000. Empowered Funds LLC acquired a new stake in Payoneer Global in the 4th quarter valued at about $63,000. Finally, Quarry LP lifted its stake in Payoneer Global by 9,273.2% in the 3rd quarter. Quarry LP now owns 10,498 shares of the company’s stock valued at $64,000 after purchasing an additional 10,386 shares during the last quarter. Institutional investors and hedge funds own 82.22% of the company’s stock.

About Payoneer Global

Payoneer Global (NASDAQ: PAYO) operates a digital payments platform that enables businesses, marketplaces and professionals to send and receive cross-border payments. The company’s core offerings include multi-currency receiving accounts, mass payout services and working capital solutions. Through its platform, Payoneer facilitates global transactions by connecting payors and payees across a network of local bank transfers, card payouts and digital wallets, supporting the seamless movement of funds in over 150 currencies.

Founded in 2005, Payoneer has grown from a small fintech venture into a widely adopted payments infrastructure provider that serves clients in more than 200 countries and territories.