Brokerages Set Payoneer Global Inc. (NASDAQ:PAYO) Price Target at $10.06

Payoneer Global Inc. (NASDAQ:PAYO) has been assigned an average rating of “Moderate Buy” from the ten analysts that are covering the stock, MarketBeat Ratings reports. Two analysts have rated the stock with a hold rating and eight have given a buy rating to the company. The average twelve-month price objective among brokerages that have updated their coverage on the stock in the last year is $10.0625.

PAYO has been the topic of a number of analyst reports. Wall Street Zen lowered Payoneer Global from a “hold” rating to a “sell” rating in a report on Saturday. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Payoneer Global in a report on Wednesday, October 8th. Deutsche Bank Aktiengesellschaft initiated coverage on Payoneer Global in a report on Thursday, July 17th. They issued a “buy” rating and a $8.00 price objective on the stock. Finally, Needham & Company LLC reaffirmed a “buy” rating and issued a $10.00 price objective on shares of Payoneer Global in a report on Monday, October 6th.

Institutional Investors Weigh In On Payoneer Global

Hedge funds and other institutional investors have recently modified their holdings of the stock. Farther Finance Advisors LLC acquired a new stake in shares of Payoneer Global during the 1st quarter valued at approximately $25,000. BI Asset Management Fondsmaeglerselskab A S acquired a new stake in shares of Payoneer Global during the 1st quarter valued at approximately $34,000. Osaic Holdings Inc. lifted its position in shares of Payoneer Global by 246.5% during the 2nd quarter. Osaic Holdings Inc. now owns 4,636 shares of the company’s stock valued at $33,000 after acquiring an additional 3,298 shares during the period. IFP Advisors Inc lifted its position in shares of Payoneer Global by 47,800.0% during the 1st quarter. IFP Advisors Inc now owns 6,227 shares of the company’s stock valued at $46,000 after acquiring an additional 6,214 shares during the period. Finally, Mirae Asset Global Investments Co. Ltd. lifted its position in shares of Payoneer Global by 559.9% during the 1st quarter. Mirae Asset Global Investments Co. Ltd. now owns 8,480 shares of the company’s stock valued at $62,000 after acquiring an additional 7,195 shares during the period. 82.22% of the stock is currently owned by institutional investors and hedge funds.

Payoneer Global Stock Up 1.4%

NASDAQ PAYO opened at $5.80 on Friday. Payoneer Global has a 52-week low of $5.66 and a 52-week high of $11.29. The business’s 50-day moving average price is $6.49 and its 200 day moving average price is $6.65. The firm has a market cap of $2.09 billion, a P/E ratio of 22.31, a P/E/G ratio of 7.31 and a beta of 0.95.

Payoneer Global (NASDAQ:PAYO) last released its quarterly earnings results on Wednesday, August 6th. The company reported $0.05 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.06 by ($0.01). Payoneer Global had a return on equity of 13.42% and a net margin of 9.81%.The company had revenue of $260.61 million for the quarter, compared to analysts’ expectations of $253.17 million. During the same period in the prior year, the business earned $0.09 EPS. The business’s quarterly revenue was up 8.8% compared to the same quarter last year. As a group, analysts anticipate that Payoneer Global will post 0.34 earnings per share for the current year.

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.