Payoneer Global Inc. (NASDAQ:PAYO) Stock Has Average Price Target of $7.40

Shares of Payoneer Global Inc. (NASDAQ:PAYO) have received an average rating of “Hold” from the nine ratings firms that are currently covering the firm, Marketbeat reports. Eight research analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. The average twelve-month target price among brokers that have updated their coverage on the stock in the last year is $7.40.

PAYO has been the topic of a number of analyst reports. Deutsche Bank Aktiengesellschaft lowered shares of Payoneer Global from a “buy” rating to a “hold” rating in a report on Friday, August 7th. Weiss Ratings upgraded Payoneer Global from a “hold (c-)” rating to a “hold (c)” rating in a research note on Tuesday, September 1st.

Institutional Trading of Payoneer Global

Several institutional investors and hedge funds have recently modified their holdings of PAYO. GAMMA Investing LLC boosted its position in shares of Payoneer Global by 73.8% during the second quarter. GAMMA Investing LLC now owns 5,777 shares of the company’s stock valued at $41,000 after buying an additional 2,453 shares during the last quarter. Leonteq Securities AG grew its holdings in Payoneer Global by 72.0% during the first quarter. Leonteq Securities AG now owns 6,496 shares of the company’s stock worth $31,000 after buying an additional 2,720 shares in the last quarter. Integrated Wealth Concepts LLC grew its holdings in Payoneer Global by 24.0% during the second quarter. Integrated Wealth Concepts LLC now owns 14,889 shares of the company’s stock worth $106,000 after buying an additional 2,882 shares in the last quarter. Nykredit A S bought a new stake in Payoneer Global during the second quarter worth $39,000. Finally, Royal Bank of Canada raised its position in Payoneer Global by 7.3% in the 1st quarter. Royal Bank of Canada now owns 96,269 shares of the company’s stock valued at $465,000 after buying an additional 6,532 shares during the last quarter. 82.22% of the stock is owned by hedge funds and other institutional investors.

Payoneer Global Trading Down 0.3%

PAYO opened at $7.15 on Thursday. The company’s fifty day moving average price is $7.13 and its two-hundred day moving average price is $6.45. Payoneer Global has a 1-year low of $4.08 and a 1-year high of $7.19. The company has a market cap of $2.42 billion, a price-to-earnings ratio of 51.08, a PEG ratio of 1.83 and a beta of 0.88.

Payoneer Global (NASDAQ:PAYO) last released its quarterly earnings data on Thursday, August 6th. The company reported ($0.01) earnings per share for the quarter, missing analysts’ consensus estimates of $0.06 by ($0.07). The business had revenue of $274.26 million during the quarter, compared to the consensus estimate of $270.98 million. Payoneer Global had a net margin of 4.65% and a return on equity of 9.97%. The firm’s quarterly revenue was up 5.2% on a year-over-year basis. During the same period last year, the business posted $0.05 earnings per share. As a group, equities analysts forecast that Payoneer Global will post 0.16 earnings per share for the current fiscal year.

Payoneer Global Company Profile

Payoneer Global Inc (NASDAQ: PAYO) operates a global financial technology platform that helps businesses, online marketplaces, freelancers and other professionals send, receive and manage payments across borders. Its services are designed to support companies that operate internationally, including small and medium-sized businesses and digital commerce participants.

The company provides multi-currency receiving accounts, cross-border payouts, supplier and contractor payments, currency conversion and other business payment tools.