Payoneer Global (NASDAQ:PAYO) Stock Rating Lowered by Wall Street Zen

by · The Markets Daily

Wall Street Zen lowered shares of Payoneer Global (NASDAQ:PAYO – Free Report) from a hold rating to a sell rating in a research note released on Sunday.

PAYO has been the subject of several other reports. Needham & Company LLC lifted their price objective on Payoneer Global from $8.00 to $10.00 and gave the company a “buy” rating in a report on Wednesday, August 6th. Jefferies Financial Group lifted their price objective on Payoneer Global from $8.00 to $8.50 and gave the company a “buy” rating in a report on Tuesday, May 27th. Deutsche Bank Aktiengesellschaft began coverage on Payoneer Global in a report on Thursday, July 17th. They issued a “buy” rating and a $8.00 price objective for the company. Keefe, Bruyette & Woods raised Payoneer Global from a “market perform” rating to an “outperform” rating and lifted their price objective for the company from $7.00 to $9.00 in a report on Tuesday, May 13th. Finally, Citigroup reaffirmed a “buy” rating and issued a $10.00 price objective (down from $13.00) on shares of Payoneer Global in a report on Thursday, May 22nd. Eight analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, Payoneer Global currently has a consensus rating of “Moderate Buy” and an average price target of $10.06.

Check Out Our Latest Stock Report on PAYO

Payoneer Global Trading Down 0.3%

NASDAQ:PAYO opened at $6.76 on Friday. The stock has a market cap of $2.44 billion, a P/E ratio of 26.00, a PEG ratio of 8.92 and a beta of 0.97. The stock has a 50 day simple moving average of $6.75 and a 200 day simple moving average of $7.21. Payoneer Global has a 1-year low of $5.71 and a 1-year high of $11.29.

Payoneer Global (NASDAQ:PAYO – Get Free Report) last released its quarterly earnings results on Wednesday, August 6th. The company reported $0.05 earnings per share for the quarter, missing the consensus estimate of $0.06 by ($0.01). The firm had revenue of $260.61 million for the quarter, compared to analyst estimates of $253.17 million. Payoneer Global had a return on equity of 13.42% and a net margin of 9.81%.The business’s revenue for the quarter was up 8.8% on a year-over-year basis. During the same period in the previous year, the business posted $0.09 earnings per share. As a group, sell-side analysts forecast that Payoneer Global will post 0.34 EPS for the current year.

Insiders Place Their Bets

In related news, Director Susanna Morgan sold 16,180 shares of the business’s stock in a transaction on Monday, June 2nd. The stock was sold at an average price of $6.77, for a total transaction of $109,538.60. Following the sale, the director owned 80,902 shares in the company, valued at $547,706.54. The trade was a 16.67% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. 2.58% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On Payoneer Global

A number of hedge funds and other institutional investors have recently bought and sold shares of PAYO. LPL Financial LLC grew its position in Payoneer Global by 14.4% during the 4th quarter. LPL Financial LLC now owns 33,520 shares of the company’s stock worth $337,000 after acquiring an additional 4,230 shares during the last quarter. Wells Fargo & Company MN grew its position in Payoneer Global by 47.4% during the 4th quarter. Wells Fargo & Company MN now owns 144,336 shares of the company’s stock worth $1,449,000 after acquiring an additional 46,420 shares during the last quarter. Mariner LLC bought a new stake in Payoneer Global during the 4th quarter worth $283,000. First Trust Advisors LP grew its position in Payoneer Global by 2.4% during the 4th quarter. First Trust Advisors LP now owns 830,679 shares of the company’s stock worth $8,340,000 after acquiring an additional 19,146 shares during the last quarter. Finally, Dimensional Fund Advisors LP grew its position in Payoneer Global by 6.7% during the 4th quarter. Dimensional Fund Advisors LP now owns 5,982,879 shares of the company’s stock worth $60,067,000 after acquiring an additional 377,008 shares during the last quarter. Institutional investors own 82.22% of the company’s stock.

Payoneer Global Company Profile

(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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