Payoneer Global Inc. (NASDAQ:PAYO) Receives $7.17 Consensus Target Price from Brokerages

Payoneer Global Inc. (NASDAQ:PAYO) has earned an average rating of “Moderate Buy” from the six research firms that are covering the stock, Marketbeat Ratings reports. One research analyst has rated the stock with a sell recommendation and five have given a buy recommendation to the company. The average 12-month price objective among brokers that have covered the stock in the last year is $7.1667.

A number of research firms recently weighed in on PAYO. Bank of America began coverage on shares of Payoneer Global in a report on Wednesday, March 25th. They issued a “buy” rating and a $6.00 target price on the stock. Benchmark lowered their target price on shares of Payoneer Global from $10.00 to $7.00 and set a “buy” rating on the stock in a report on Friday, March 6th. Weiss Ratings lowered shares of Payoneer Global from a “hold (c-)” rating to a “sell (d+)” rating in a report on Wednesday, May 20th. Needham & Company LLC lowered their target price on shares of Payoneer Global from $10.00 to $8.00 and set a “buy” rating on the stock in a report on Thursday, February 26th. Finally, Keefe, Bruyette & Woods reduced their price objective on shares of Payoneer Global from $7.50 to $7.00 and set an “outperform” rating for the company in a research report on Friday, February 27th.

Institutional Investors Weigh In On Payoneer Global

Institutional investors have recently added to or reduced their stakes in the company. Leonteq Securities AG grew its position in Payoneer Global by 72.0% in the 1st quarter. Leonteq Securities AG now owns 6,496 shares of the company’s stock worth $31,000 after purchasing an additional 2,720 shares in the last quarter. Osaic Holdings Inc. grew its position in Payoneer Global by 246.5% in the 2nd quarter. Osaic Holdings Inc. now owns 4,636 shares of the company’s stock worth $33,000 after purchasing an additional 3,298 shares in the last quarter. Resonant Capital Advisors LLC bought a new stake in Payoneer Global in the 1st quarter worth about $49,000. CWM LLC grew its position in Payoneer Global by 178.6% in the 4th quarter. CWM LLC now owns 9,384 shares of the company’s stock worth $53,000 after purchasing an additional 6,016 shares in the last quarter. Finally, State of Wyoming bought a new stake in Payoneer Global in the 1st quarter worth about $57,000. 82.22% of the stock is owned by institutional investors.

Payoneer Global Price Performance

PAYO opened at $5.20 on Monday. Payoneer Global has a fifty-two week low of $4.08 and a fifty-two week high of $7.66. The firm has a market capitalization of $1.74 billion, a PE ratio of 26.00, a P/E/G ratio of 0.54 and a beta of 1.01. The company’s 50-day moving average is $4.93 and its 200 day moving average is $5.30.

Payoneer Global (NASDAQ:PAYO) last posted its earnings results on Thursday, May 7th. The company reported $0.06 earnings per share for the quarter, topping analysts’ consensus estimates of $0.04 by $0.02. Payoneer Global had a net margin of 6.76% and a return on equity of 11.10%. The company had revenue of $261.60 million for the quarter, compared to analyst estimates of $255.12 million. During the same quarter in the prior year, the business posted $0.05 EPS. The firm’s revenue was up 6.1% compared to the same quarter last year. As a group, analysts expect that Payoneer Global will post 0.27 EPS for the current year.

Payoneer Global Company Profile

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.