Payoneer Global (NASDAQ:PAYO) Upgraded at Wall Street Zen

Wall Street Zen upgraded shares of Payoneer Global (NASDAQ:PAYO) from a sell rating to a hold rating in a research report sent to investors on Monday.

PAYO has been the subject of several other reports. Citigroup restated a “buy” rating and issued a $10.00 price objective (down from $13.00) on shares of Payoneer Global in a report on Thursday, May 22nd. Jefferies Financial Group increased their price objective on shares of Payoneer Global from $8.00 to $8.50 and gave the company a “buy” rating in a research report on Tuesday, May 27th. Keefe, Bruyette & Woods raised Payoneer Global from a “market perform” rating to an “outperform” rating and lifted their target price for the stock from $7.00 to $9.00 in a report on Tuesday, May 13th. Deutsche Bank Aktiengesellschaft started coverage on shares of Payoneer Global in a research note on Thursday, July 17th. They issued a “buy” rating and a $8.00 price target for the company. Finally, Needham & Company LLC upped their price objective on Payoneer Global from $8.00 to $10.00 and gave the company a “buy” rating in a research report on Wednesday, August 6th. Eight equities research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $10.06.

Payoneer Global Stock Up 0.3%

Shares of PAYO opened at $6.76 on Monday. The stock has a market capitalization of $2.44 billion, a P/E ratio of 26.00, a PEG ratio of 9.15 and a beta of 0.98. The firm has a fifty day simple moving average of $6.78 and a two-hundred day simple moving average of $7.09. Payoneer Global has a twelve month low of $5.71 and a twelve month high of $11.29.

Payoneer Global (NASDAQ:PAYO) last posted its earnings results on Wednesday, August 6th. The company reported $0.05 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.06 by ($0.01). Payoneer Global had a return on equity of 13.42% and a net margin of 9.81%.The business had revenue of $260.61 million during the quarter, compared to the consensus estimate of $253.17 million. During the same period in the previous year, the business earned $0.09 earnings per share. The firm’s revenue for the quarter was up 8.8% compared to the same quarter last year. Sell-side analysts expect that Payoneer Global will post 0.34 EPS for the current fiscal year.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently modified their holdings of the company. Farther Finance Advisors LLC bought a new position in Payoneer Global during the first quarter valued at $25,000. Quarry LP bought a new stake in Payoneer Global during the 4th quarter valued at about $29,000. BI Asset Management Fondsmaeglerselskab A S bought a new stake in shares of Payoneer Global during the first quarter valued at approximately $34,000. Versant Capital Management Inc lifted its holdings in shares of Payoneer Global by 420.6% in the 1st quarter. Versant Capital Management Inc now owns 5,034 shares of the company’s stock worth $37,000 after buying an additional 4,067 shares during the period. Finally, IFP Advisors Inc lifted its stake in Payoneer Global by 47,800.0% in the first quarter. IFP Advisors Inc now owns 6,227 shares of the company’s stock worth $46,000 after acquiring an additional 6,214 shares during the period. 82.22% of the stock is currently owned by institutional investors.

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.