Brokerages Set Payoneer Global Inc. (NASDAQ:PAYO) Price Target at $9.57

Shares of Payoneer Global Inc. (NASDAQ:PAYO) have been assigned a consensus recommendation of “Moderate Buy” from the nine brokerages that are presently covering the stock, MarketBeat.com reports. Two analysts have rated the stock with a hold recommendation and seven have assigned a buy recommendation to the company. The average 1-year price target among brokers that have issued ratings on the stock in the last year is $9.5714.

PAYO has been the topic of a number of recent analyst reports. Weiss Ratings reiterated a “hold (c)” rating on shares of Payoneer Global in a report on Wednesday, October 8th. Needham & Company LLC reiterated a “buy” rating and set a $10.00 target price on shares of Payoneer Global in a research note on Monday, October 6th. Deutsche Bank Aktiengesellschaft began coverage on shares of Payoneer Global in a research report on Thursday, July 17th. They set a “buy” rating and a $8.00 price target for the company. Jefferies Financial Group set a $7.00 price objective on shares of Payoneer Global in a report on Wednesday. Finally, Wall Street Zen upgraded shares of Payoneer Global from a “sell” rating to a “hold” rating in a research note on Saturday.

Hedge Funds Weigh In On Payoneer Global

Several institutional investors and hedge funds have recently bought and sold shares of the company. Vanguard Group Inc. raised its stake in shares of Payoneer Global by 12.1% in the first quarter. Vanguard Group Inc. now owns 33,881,608 shares of the company’s stock valued at $247,675,000 after buying an additional 3,656,056 shares during the period. American Century Companies Inc. raised its stake in Payoneer Global by 15.1% in the 1st quarter. American Century Companies Inc. now owns 9,403,250 shares of the company’s stock valued at $68,738,000 after acquiring an additional 1,236,598 shares during the period. Price T Rowe Associates Inc. MD lifted its holdings in Payoneer Global by 3.0% during the first quarter. Price T Rowe Associates Inc. MD now owns 8,970,295 shares of the company’s stock valued at $65,574,000 after purchasing an additional 260,306 shares during the last quarter. Millennium Management LLC boosted its position in Payoneer Global by 15.5% during the first quarter. Millennium Management LLC now owns 7,537,691 shares of the company’s stock worth $55,101,000 after purchasing an additional 1,014,096 shares during the period. Finally, Geode Capital Management LLC increased its stake in shares of Payoneer Global by 3.3% in the second quarter. Geode Capital Management LLC now owns 7,058,130 shares of the company’s stock worth $48,353,000 after purchasing an additional 226,215 shares in the last quarter. 82.22% of the stock is owned by institutional investors.

Payoneer Global Stock Performance

Shares of PAYO stock opened at $5.37 on Thursday. The company has a market capitalization of $1.93 billion, a price-to-earnings ratio of 28.26, a PEG ratio of 6.76 and a beta of 0.94. Payoneer Global has a 52-week low of $4.91 and a 52-week high of $11.29. The company has a 50-day simple moving average of $6.20 and a two-hundred day simple moving average of $6.60.

Payoneer Global (NASDAQ:PAYO) last announced its earnings results on Wednesday, November 5th. The company reported $0.04 earnings per share for the quarter, missing analysts’ consensus estimates of $0.06 by ($0.02). The business had revenue of $270.85 million during the quarter, compared to analysts’ expectations of $262.66 million. Payoneer Global had a return on equity of 10.71% and a net margin of 6.96%.Payoneer Global’s quarterly revenue was up 9.1% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.11 EPS. Payoneer Global has set its FY 2025 guidance at EPS. On average, sell-side analysts forecast that Payoneer Global will post 0.34 EPS for the current fiscal 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.