Payoneer Global Inc. (NASDAQ:PAYO) Given Consensus Rating of “Hold” by Brokerages

Shares of Payoneer Global Inc. (NASDAQ:PAYO) have been assigned a consensus recommendation of “Hold” from the nine research firms that are currently covering the firm, MarketBeat reports. Seven research analysts have rated the stock with a hold recommendation and two have given a buy recommendation to the company. The average 1-year target price among analysts that have issued ratings on the stock in the last year is $7.40.

A number of brokerages have recently commented on PAYO. William Blair cut Payoneer Global from an “outperform” rating to a “hold” rating in a research note on Monday, June 15th. Needham & Company LLC cut Payoneer Global from a “buy” rating to a “hold” rating in a research note on Monday, June 15th. Weiss Ratings upgraded Payoneer Global from a “sell (d+)” rating to a “hold (c-)” rating in a research note on Thursday, June 11th. Wall Street Zen upgraded Payoneer Global from a “sell” rating to a “hold” rating in a research note on Saturday, May 2nd. Finally, Citigroup cut Payoneer Global from a “buy” rating to a “neutral” rating and dropped their price target for the company from $10.00 to $7.40 in a research note on Tuesday, June 16th.

Insider Activity at Payoneer Global

In other news, CFO Beatrice Ordonez sold 25,000 shares of the stock in a transaction on Monday, June 15th. The stock was sold at an average price of $7.01, for a total value of $175,250.00. Following the completion of the transaction, the chief financial officer directly owned 2,887,266 shares in the company, valued at approximately $20,239,734.66. This represents a 0.86% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders own 2.06% of the company’s stock.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of the stock. Van ECK Associates Corp raised its position in Payoneer Global by 2.4% during the 4th quarter. Van ECK Associates Corp now owns 84,678 shares of the company’s stock worth $476,000 after purchasing an additional 1,977 shares during the last quarter. Susquehanna International Group LLP grew its holdings in Payoneer Global by 9.5% during the 3rd quarter. Susquehanna International Group LLP now owns 24,637 shares of the company’s stock worth $149,000 after acquiring an additional 2,144 shares during the period. ProShare Advisors LLC grew its holdings in Payoneer Global by 4.1% during the 4th quarter. ProShare Advisors LLC now owns 54,909 shares of the company’s stock worth $309,000 after acquiring an additional 2,145 shares during the period. LPL Financial LLC grew its holdings in Payoneer Global by 5.8% during the 4th quarter. LPL Financial LLC now owns 42,211 shares of the company’s stock worth $237,000 after acquiring an additional 2,304 shares during the period. Finally, Sequoia Financial Advisors LLC grew its holdings in Payoneer Global by 8.1% during the 4th quarter. Sequoia Financial Advisors LLC now owns 31,677 shares of the company’s stock worth $178,000 after acquiring an additional 2,368 shares during the period. 82.22% of the stock is owned by institutional investors.

Payoneer Global Price Performance

NASDAQ PAYO opened at $7.06 on Friday. The business has a fifty day moving average price of $5.45 and a two-hundred day moving average price of $5.38. Payoneer Global has a fifty-two week low of $4.08 and a fifty-two week high of $7.66. The stock has a market capitalization of $2.36 billion, a PE ratio of 35.30, a PEG ratio of 0.75 and a beta of 1.02.

Payoneer Global (NASDAQ:PAYO) last announced its quarterly earnings results on Thursday, May 7th. The company reported $0.06 EPS for the quarter, beating analysts’ consensus estimates of $0.04 by $0.02. Payoneer Global had a return on equity of 11.10% and a net margin of 6.76%.The company had revenue of $261.60 million during the quarter, compared to analysts’ expectations of $255.12 million. During the same period in the prior year, the company earned $0.05 EPS. Payoneer Global’s revenue was up 6.1% compared to the same quarter last year. As a group, sell-side analysts expect that Payoneer Global will post 0.27 earnings per share for the current year.

About Payoneer Global

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.