The Goldman Sachs Group Increases Payoneer Global (NASDAQ:PAYO) Price Target to $12.00

by · The Cerbat Gem

Payoneer Global (NASDAQ:PAYO – Get Free Report) had its price target hoisted by stock analysts at The Goldman Sachs Group from $9.00 to $12.00 in a report issued on Wednesday, Benzinga reports. The brokerage currently has a “buy” rating on the stock. The Goldman Sachs Group’s price target would suggest a potential upside of 17.07% from the company’s current price.

Several other equities research analysts also recently weighed in on the stock. Northland Securities upped their price objective on shares of Payoneer Global from $9.00 to $10.00 and gave the stock an “outperform” rating in a report on Tuesday, September 10th. Keefe, Bruyette & Woods upped their price target on Payoneer Global from $7.00 to $8.00 and gave the company an “outperform” rating in a research note on Thursday, August 8th. Cantor Fitzgerald raised Payoneer Global to a “strong-buy” rating in a report on Monday, August 12th. Benchmark boosted their price target on Payoneer Global from $10.00 to $12.00 and gave the company a “buy” rating in a research note on Wednesday. Finally, Needham & Company LLC upped their price objective on Payoneer Global from $10.00 to $14.00 and gave the company a “buy” rating in a research note on Wednesday. Six research analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Buy” and an average target price of $10.79.

Get Our Latest Analysis on Payoneer Global

Payoneer Global Trading Down 0.5 %

Shares of NASDAQ PAYO traded down $0.05 during mid-day trading on Wednesday, reaching $10.25. The company had a trading volume of 3,531,402 shares, compared to its average volume of 2,656,143. The stock has a market cap of $3.91 billion, a P/E ratio of 38.19 and a beta of 0.82. The firm has a 50 day simple moving average of $7.82 and a two-hundred day simple moving average of $6.49. Payoneer Global has a 52-week low of $4.22 and a 52-week high of $10.49.

Payoneer Global (NASDAQ:PAYO – Get Free Report) last posted its earnings results on Tuesday, November 5th. The company reported $0.11 earnings per share for the quarter, beating the consensus estimate of $0.04 by $0.07. Payoneer Global had a net margin of 11.25% and a return on equity of 15.28%. The firm had revenue of $248.30 million during the quarter, compared to the consensus estimate of $225.44 million. During the same period last year, the firm posted $0.05 EPS. The firm’s revenue for the quarter was up 19.4% on a year-over-year basis. On average, equities analysts expect that Payoneer Global will post 0.25 EPS for the current year.

Insider Transactions at Payoneer Global

In other Payoneer Global news, Director Scott H. Galit sold 150,000 shares of Payoneer Global stock in a transaction on Wednesday, August 28th. The shares were sold at an average price of $7.07, for a total value of $1,060,500.00. Following the transaction, the director now owns 1,809,674 shares in the company, valued at $12,794,395.18. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. In related news, Director Scott H. Galit sold 150,000 shares of the business’s stock in a transaction that occurred on Wednesday, August 28th. The shares were sold at an average price of $7.07, for a total value of $1,060,500.00. Following the sale, the director now directly owns 1,809,674 shares in the company, valued at $12,794,395.18. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CAO Itai Perry sold 4,100 shares of the business’s stock in a transaction that occurred on Tuesday, October 15th. The stock was sold at an average price of $8.00, for a total transaction of $32,800.00. Following the completion of the sale, the chief accounting officer now directly owns 228,738 shares of the company’s stock, valued at $1,829,904. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 158,000 shares of company stock valued at $1,124,500. 5.57% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On Payoneer Global

Several institutional investors and hedge funds have recently modified their holdings of PAYO. Los Angeles Capital Management LLC acquired a new stake in shares of Payoneer Global during the 3rd quarter worth approximately $210,000. Advisor Resource Council purchased a new stake in shares of Payoneer Global during the third quarter worth $105,000. Van ECK Associates Corp raised its position in shares of Payoneer Global by 1.6% in the third quarter. Van ECK Associates Corp now owns 84,209 shares of the company’s stock worth $634,000 after buying an additional 1,306 shares in the last quarter. FSC Wealth Advisors LLC bought a new position in Payoneer Global in the third quarter valued at $68,000. Finally, Allspring Global Investments Holdings LLC grew its stake in shares of Payoneer Global by 19,791.4% during the third quarter. Allspring Global Investments Holdings LLC now owns 41,772 shares of the company’s stock valued at $315,000 after buying an additional 41,562 shares during the last quarter. 82.22% of the stock is currently owned by institutional investors and hedge funds.

About Payoneer Global

(Get Free Report)

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.

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