Payoneer Global (NASDAQ:PAYO) Price Target Raised to $12.00 at Keefe, Bruyette & Woods

Payoneer Global (NASDAQ:PAYO) had its price target hoisted by Keefe, Bruyette & Woods from $9.00 to $12.00 in a report issued on Wednesday morning, Benzinga reports. They currently have an outperform rating on the stock.

A number of other brokerages have also weighed in on PAYO. Northland Securities upped their price target on shares of Payoneer Global from $9.00 to $10.00 and gave the stock an “outperform” rating in a research note on Tuesday, September 10th. The Goldman Sachs Group upped their target price on Payoneer Global from $9.00 to $12.00 and gave the stock a “buy” rating in a research report on Wednesday. Needham & Company LLC increased their price target on Payoneer Global from $10.00 to $14.00 and gave the company a “buy” rating in a research note on Wednesday. Citigroup boosted their price objective on Payoneer Global from $7.00 to $8.50 and gave the stock a “buy” rating in a research note on Monday, August 12th. Finally, Cantor Fitzgerald raised Payoneer Global to a “strong-buy” rating in a research note on Monday, August 12th. Six analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Buy” and a consensus target price of $10.79.

Payoneer Global Price Performance

Shares of PAYO stock opened at $10.35 on Wednesday. Payoneer Global has a 12-month low of $4.22 and a 12-month high of $10.49. The firm has a market capitalization of $3.95 billion, a price-to-earnings ratio of 38.33 and a beta of 0.82. The business has a 50 day simple moving average of $7.88 and a 200 day simple moving average of $6.52.

Payoneer Global (NASDAQ:PAYO) last released its quarterly earnings results on Tuesday, November 5th. The company reported $0.11 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.04 by $0.07. Payoneer Global had a return on equity of 15.28% and a net margin of 11.25%. The company had revenue of $248.30 million during the quarter, compared to analysts’ expectations of $225.44 million. During the same quarter in the prior year, the business posted $0.05 earnings per share. The company’s revenue for the quarter was up 19.4% compared to the same quarter last year. On average, equities analysts anticipate that Payoneer Global will post 0.25 EPS for the current fiscal year.

Insider Activity

In other Payoneer Global news, Director Scott H. Galit sold 150,000 shares of the business’s stock in a transaction dated Wednesday, August 28th. The stock was sold at an average price of $7.07, for a total transaction of $1,060,500.00. Following the sale, the director now owns 1,809,674 shares in the company, valued at approximately $12,794,395.18. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In other news, CAO Itai Perry sold 3,900 shares of the stock in a transaction that occurred on Wednesday, October 9th. The shares were sold at an average price of $8.00, for a total value of $31,200.00. 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 transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, 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 transaction of $1,060,500.00. Following the transaction, 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 ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 158,000 shares of company stock valued at $1,124,500 over the last three months. Insiders own 5.57% of the company’s stock.

Institutional Investors Weigh In On Payoneer Global

A number of institutional investors have recently modified their holdings of the stock. Van ECK Associates Corp raised its holdings in shares of Payoneer Global by 1.6% during the third quarter. Van ECK Associates Corp now owns 84,209 shares of the company’s stock worth $634,000 after acquiring an additional 1,306 shares in the last quarter. Xponance Inc. raised its stake in shares of Payoneer Global by 12.1% during the 2nd quarter. Xponance Inc. now owns 17,928 shares of the company’s stock worth $99,000 after purchasing an additional 1,942 shares in the last quarter. Y.D. More Investments Ltd raised its stake in shares of Payoneer Global by 11.7% during the 2nd quarter. Y.D. More Investments Ltd now owns 22,142 shares of the company’s stock worth $122,000 after purchasing an additional 2,328 shares in the last quarter. Blue Trust Inc. lifted its holdings in shares of Payoneer Global by 135.2% during the 3rd quarter. Blue Trust Inc. now owns 4,440 shares of the company’s stock valued at $33,000 after buying an additional 2,552 shares during the last quarter. Finally, Texas Permanent School Fund Corp grew its stake in shares of Payoneer Global by 1.3% in the 1st quarter. Texas Permanent School Fund Corp now owns 227,988 shares of the company’s stock valued at $1,108,000 after buying an additional 2,958 shares in the last quarter. Institutional investors and hedge funds own 82.22% of the company’s stock.

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.