Payoneer Global (NASDAQ:PAYO) Given New $7.00 Price Target at Keefe, Bruyette & Woods

Payoneer Global (NASDAQ:PAYO) had its price target cut by Keefe, Bruyette & Woods from $8.00 to $7.00 in a research note published on Thursday morning,Benzinga reports. They currently have a market perform rating on the stock.

PAYO has been the subject of a number of other reports. Deutsche Bank Aktiengesellschaft initiated coverage on shares of Payoneer Global in a report on Monday, February 3rd. They set a “buy” rating and a $13.00 price objective for the company. Citigroup lifted their price objective on Payoneer Global from $14.50 to $16.50 and gave the company a “buy” rating in a report on Tuesday, March 4th. The Goldman Sachs Group lowered their price objective on Payoneer Global from $11.00 to $9.00 and set a “buy” rating on the stock in a research note on Wednesday, April 2nd. Wolfe Research lowered Payoneer Global from an “outperform” rating to a “peer perform” rating in a research note on Wednesday, January 8th. Finally, Needham & Company LLC dropped their price objective on Payoneer Global from $14.00 to $8.00 and set a “buy” rating for the company in a research note on Thursday. Two research analysts have rated the stock with a hold rating, six have assigned a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $11.36.

Payoneer Global Stock Up 4.7 %

PAYO stock opened at $6.63 on Thursday. Payoneer Global has a twelve month low of $5.03 and a twelve month high of $11.29. The company has a market cap of $2.39 billion, a PE ratio of 18.94, a price-to-earnings-growth ratio of 2.88 and a beta of 1.03. The business’s 50-day simple moving average is $6.94 and its 200 day simple moving average is $9.05.

Payoneer Global (NASDAQ:PAYO) last announced its quarterly earnings data on Wednesday, May 7th. The company reported $0.05 earnings per share for the quarter, missing the consensus estimate of $0.07 by ($0.02). The firm had revenue of $246.62 million for the quarter, compared to analyst estimates of $244.52 million. Payoneer Global had a return on equity of 17.78% and a net margin of 13.82%. Payoneer Global’s revenue for the quarter was up 8.1% compared to the same quarter last year. During the same period in the previous year, the business posted $0.08 EPS. On average, equities research analysts anticipate that Payoneer Global will post 0.34 EPS for the current year.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the business. Blue Trust Inc. increased its position in Payoneer Global by 21.2% in the 4th quarter. Blue Trust Inc. now owns 5,380 shares of the company’s stock valued at $54,000 after acquiring an additional 940 shares in the last quarter. Maryland State Retirement & Pension System increased its holdings in shares of Payoneer Global by 1.2% in the fourth quarter. Maryland State Retirement & Pension System now owns 86,467 shares of the company’s stock valued at $868,000 after purchasing an additional 1,002 shares in the last quarter. Fifth Third Bancorp raised its position in Payoneer Global by 29.3% in the 4th quarter. Fifth Third Bancorp now owns 4,488 shares of the company’s stock worth $45,000 after purchasing an additional 1,016 shares during the last quarter. State of Alaska Department of Revenue increased its stake in shares of Payoneer Global by 1.0% in the 4th quarter. State of Alaska Department of Revenue now owns 145,923 shares of the company’s stock valued at $1,465,000 after buying an additional 1,498 shares during the period. Finally, Summit Investment Advisors Inc. raised its position in shares of Payoneer Global by 5.8% during the fourth quarter. Summit Investment Advisors Inc. now owns 30,355 shares of the company’s stock worth $305,000 after acquiring an additional 1,663 shares during the last quarter. 82.22% of the stock is 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.