Payoneer Global Inc. (NASDAQ:PAYO) Given Average Rating of “Moderate Buy” by Brokerages

Payoneer Global Inc. (NASDAQ:PAYO) has been assigned an average rating of “Moderate Buy” from the eight research firms that are presently covering the company, Marketbeat.com reports. One equities research analyst has rated the stock with a hold rating and seven have issued a buy rating on the company. The average 12-month target price among brokerages that have issued ratings on the stock in the last year is $7.5714.

Several equities research analysts recently issued reports on PAYO shares. Weiss Ratings reiterated a “hold (c)” rating on shares of Payoneer Global in a report on Thursday, January 22nd. Wall Street Zen cut Payoneer Global from a “hold” rating to a “sell” rating in a report on Saturday, March 28th. Benchmark lowered their price objective on Payoneer Global from $10.00 to $7.00 and set a “buy” rating on the stock in a report on Friday, March 6th. Keefe, Bruyette & Woods lowered their price objective on Payoneer Global from $7.50 to $7.00 and set an “outperform” rating on the stock in a report on Friday, February 27th. Finally, Bank of America began coverage on Payoneer Global in a report on Wednesday, March 25th. They issued a “buy” rating and a $6.00 price objective on the stock.

Payoneer Global Trading Down 1.9%

PAYO stock opened at $4.56 on Friday. Payoneer Global has a 12-month low of $4.08 and a 12-month high of $7.66. The stock has a market cap of $1.57 billion, a price-to-earnings ratio of 24.00, a PEG ratio of 0.58 and a beta of 1.03. The business’s 50-day moving average is $5.06 and its 200 day moving average is $5.54.

Payoneer Global (NASDAQ:PAYO) last posted its quarterly earnings data on Thursday, February 26th. 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 10.89% and a net margin of 6.95%.The firm had revenue of $274.69 million during the quarter, compared to analyst estimates of $282.79 million. During the same quarter in the previous year, the firm posted $0.05 earnings per share. The company’s quarterly revenue was up 5.0% on a year-over-year basis. As a group, equities analysts forecast that Payoneer Global will post 0.34 EPS for the current fiscal year.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in the stock. State Street Corp boosted its holdings in shares of Payoneer Global by 1.8% during the 4th quarter. State Street Corp now owns 10,772,088 shares of the company’s stock worth $60,539,000 after purchasing an additional 195,410 shares during the last quarter. Price T Rowe Associates Inc. MD boosted its holdings in shares of Payoneer Global by 1.8% during the 4th quarter. Price T Rowe Associates Inc. MD now owns 10,436,470 shares of the company’s stock worth $58,654,000 after purchasing an additional 182,614 shares during the last quarter. American Century Companies Inc. boosted its holdings in shares of Payoneer Global by 10.7% during the 3rd quarter. American Century Companies Inc. now owns 7,326,825 shares of the company’s stock worth $44,327,000 after purchasing an additional 707,790 shares during the last quarter. Dimensional Fund Advisors LP boosted its holdings in shares of Payoneer Global by 3.2% during the 3rd quarter. Dimensional Fund Advisors LP now owns 7,309,436 shares of the company’s stock worth $44,229,000 after purchasing an additional 224,287 shares during the last quarter. Finally, Invesco Ltd. boosted its holdings in shares of Payoneer Global by 137.3% during the 2nd quarter. Invesco Ltd. now owns 5,562,623 shares of the company’s stock worth $38,104,000 after purchasing an additional 3,218,917 shares during the last quarter. 82.22% of the stock is currently owned by institutional investors and hedge funds.

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.