Payoneer Global (NASDAQ:PAYO) Reaches New 12-Month High – What’s Next?

Payoneer Global Inc. (NASDAQ:PAYO) shares hit a new 52-week high on Wednesday. The stock traded as high as $7.21 and last traded at $7.2150, with a volume of 1,615,290 shares. The stock had previously closed at $7.16.

Analyst Upgrades and Downgrades

PAYO has been the topic of a number of recent research reports. Deutsche Bank Aktiengesellschaft downgraded shares of Payoneer Global from a “buy” rating to a “hold” rating in a report on Friday, August 7th. Weiss Ratings upgraded shares of Payoneer Global from a “hold (c-)” rating to a “hold (c)” rating in a report on Tuesday, September 1st. One equities research analyst has rated the stock with a Buy rating and eight have given a Hold rating to the stock. According to MarketBeat, Payoneer Global presently has an average rating of “Hold” and an average price target of $7.46.

Payoneer Global Price Performance

The business has a 50-day moving average of $7.14 and a 200-day moving average of $6.17. The firm has a market cap of $2.42 billion, a price-to-earnings ratio of 51.08, a P/E/G ratio of 1.83 and a beta of 0.97.

Payoneer Global (NASDAQ:PAYO) last released its earnings results on Thursday, November 5th. The company reported $0.04 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.05 by ($0.01). Payoneer Global had a return on equity of 9.97% and a net margin of 4.65%. The company had revenue of $276.94 million for the quarter, compared to the consensus estimate of $271.95 million. During the same quarter in the previous year, the company posted $0.04 EPS. The business’s revenue was up 2.2% on a year-over-year basis. As a group, equities analysts anticipate that Payoneer Global Inc. will post 0.16 EPS for the current fiscal year.

Institutional Trading of Payoneer Global

A number of large investors have recently added to or reduced their stakes in the company. Nykredit A S acquired a new position in Payoneer Global in the 2nd quarter valued at about $39,000. GAMMA Investing LLC raised its holdings in Payoneer Global by 73.8% in the 2nd quarter. GAMMA Investing LLC now owns 5,777 shares of the company’s stock valued at $41,000 after acquiring an additional 2,453 shares during the period. Leonteq Securities AG lifted its position 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 acquiring an additional 2,720 shares during the last quarter. Sterling Capital Management LLC lifted its position in Payoneer Global by 847.9% during the third quarter. Sterling Capital Management LLC now owns 8,806 shares of the company’s stock worth $63,000 after acquiring an additional 7,877 shares during the last quarter. Finally, Resonant Capital Advisors LLC bought a new stake in shares of Payoneer Global during the first quarter worth approximately $49,000. Institutional investors and hedge funds own 82.22% of the company’s stock.

About Payoneer Global

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.