Payoneer Global Inc. (NASDAQ:PAYO) Receives $12.36 Consensus PT from Brokerages

Shares of Payoneer Global Inc. (NASDAQ:PAYO) have been assigned an average recommendation of “Moderate Buy” from the nine analysts that are currently covering the company, Marketbeat reports. Two investment analysts have rated the stock with a hold recommendation, six have issued a buy recommendation and one has issued a strong buy recommendation on the company. The average 1 year price target among brokers that have issued a report on the stock in the last year is $12.36.

PAYO has been the topic of a number of recent research reports. The Goldman Sachs Group reduced their price target on shares of Payoneer Global from $11.00 to $9.00 and set a “buy” rating on the stock in a research report on Wednesday, April 2nd. Keefe, Bruyette & Woods lowered their price target on shares of Payoneer Global from $10.00 to $8.00 and set a “market perform” rating for the company in a research note on Monday, March 31st. Deutsche Bank Aktiengesellschaft initiated coverage on shares of Payoneer Global in a research report on Monday, February 3rd. They set a “buy” rating and a $13.00 price target for the company. Citigroup boosted their target price on Payoneer Global from $14.50 to $16.50 and gave the company a “buy” rating in a research note on Tuesday, March 4th. Finally, Wolfe Research lowered Payoneer Global from an “outperform” rating to a “peer perform” rating in a research report on Wednesday, January 8th.

Payoneer Global Price Performance

Shares of NASDAQ:PAYO opened at $6.89 on Friday. The company’s fifty day moving average price is $7.53 and its 200-day moving average price is $9.14. The firm has a market capitalization of $2.48 billion, a price-to-earnings ratio of 19.69, a PEG ratio of 2.88 and a beta of 1.02. Payoneer Global has a one year low of $4.86 and a one year high of $11.29.

Payoneer Global (NASDAQ:PAYO) last issued its quarterly earnings results on Thursday, February 27th. The company reported $0.05 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.06 by ($0.01). The firm had revenue of $261.74 million for the quarter, compared to the consensus estimate of $242.14 million. Payoneer Global had a return on equity of 17.78% and a net margin of 13.82%. During the same period last year, the firm earned $0.05 EPS. As a group, equities research analysts expect that Payoneer Global will post 0.34 EPS for the current year.

Institutional Trading of Payoneer Global

Several large investors have recently added to or reduced their stakes in the stock. Susquehanna Capital Management LLC lifted its position in shares of Payoneer Global by 290.3% in the 4th quarter. Susquehanna Capital Management LLC now owns 25,268,954 shares of the company’s stock worth $253,700,000 after purchasing an additional 18,794,047 shares during the period. Arrowstreet Capital Limited Partnership lifted its holdings in Payoneer Global by 200.0% in the fourth quarter. Arrowstreet Capital Limited Partnership now owns 3,470,347 shares of the company’s stock worth $34,842,000 after buying an additional 2,313,481 shares during the period. Deutsche Bank AG boosted its position in Payoneer Global by 252.8% during the 4th quarter. Deutsche Bank AG now owns 2,779,110 shares of the company’s stock valued at $27,902,000 after acquiring an additional 1,991,449 shares in the last quarter. Driehaus Capital Management LLC purchased a new position in shares of Payoneer Global during the 4th quarter worth approximately $19,305,000. Finally, D. E. Shaw & Co. Inc. raised its position in shares of Payoneer Global by 1,065.1% in the 4th quarter. D. E. Shaw & Co. Inc. now owns 2,081,589 shares of the company’s stock worth $20,899,000 after acquiring an additional 1,902,925 shares in the last quarter. 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.