Payoneer Global (NASDAQ:PAYO) Earns Buy Rating from Analysts at Deutsche Bank Aktiengesellschaft

Deutsche Bank Aktiengesellschaft began coverage on shares of Payoneer Global (NASDAQ:PAYO) in a research report sent to investors on Monday, Marketbeat Ratings reports. The firm issued a buy rating and a $13.00 price objective on the stock.

PAYO has been the subject of several other research reports. The Goldman Sachs Group boosted their price objective on Payoneer Global from $9.00 to $12.00 and gave the company a “buy” rating in a research report on Wednesday, November 6th. Needham & Company LLC raised their price objective on shares of Payoneer Global from $10.00 to $14.00 and gave the stock a “buy” rating in a report on Wednesday, November 6th. Keefe, Bruyette & Woods dropped their target price on shares of Payoneer Global from $12.00 to $11.00 and set a “market perform” rating on the stock in a report on Monday, January 6th. Benchmark boosted their price target on Payoneer Global from $10.00 to $12.00 and gave the stock a “buy” rating in a research report on Wednesday, November 6th. Finally, Citigroup increased their price objective on shares of Payoneer Global from $8.50 to $13.00 and gave the company a “buy” rating in a research report on Tuesday, January 14th. Two equities research analysts have rated the stock with a hold rating, six have issued a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $12.00.

Payoneer Global Stock Performance

Payoneer Global stock opened at $10.68 on Monday. The firm’s fifty day moving average price is $10.38 and its 200-day moving average price is $8.69. Payoneer Global has a fifty-two week low of $4.22 and a fifty-two week high of $11.29. The stock has a market cap of $3.81 billion, a P/E ratio of 30.52 and a beta of 0.93.

Payoneer Global (NASDAQ:PAYO) last posted its quarterly earnings results on Tuesday, November 5th. The company reported $0.11 EPS for the quarter, topping the consensus estimate of $0.04 by $0.07. The firm had revenue of $248.30 million for the quarter, compared to the consensus estimate of $225.44 million. Payoneer Global had a net margin of 13.82% and a return on equity of 17.78%. The business’s revenue was up 19.4% compared to the same quarter last year. During the same period last year, the firm posted $0.05 earnings per share. On average, analysts predict that Payoneer Global will post 0.35 earnings per share for the current year.

Insider Transactions at Payoneer Global

In other news, insider Tsafi Goldman sold 263,873 shares of the stock in a transaction on Tuesday, December 10th. The shares were sold at an average price of $10.10, for a total value of $2,665,117.30. Following the completion of the sale, the insider now directly owns 741,748 shares of the company’s stock, valued at $7,491,654.80. This represents a 26.24 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CFO Beatrice Ordonez sold 85,000 shares of the firm’s stock in a transaction dated Tuesday, January 21st. The shares were sold at an average price of $10.40, for a total value of $884,000.00. Following the sale, the chief financial officer now directly owns 2,305,245 shares in the company, valued at approximately $23,974,548. This represents a 3.56 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 7,999,625 shares of company stock worth $82,498,514 in the last ninety days. Insiders own 5.57% of the company’s stock.

Hedge Funds Weigh In On Payoneer Global

Several hedge funds have recently modified their holdings of PAYO. Sei Investments Co. increased its stake in Payoneer Global by 4.5% in the 2nd quarter. Sei Investments Co. now owns 182,727 shares of the company’s stock worth $1,012,000 after acquiring an additional 7,903 shares during the last quarter. AQR Capital Management LLC purchased a new stake in shares of Payoneer Global in the second quarter valued at $396,000. The Manufacturers Life Insurance Company lifted its stake in shares of Payoneer Global by 7.1% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 164,089 shares of the company’s stock worth $909,000 after acquiring an additional 10,873 shares during the last quarter. Quarry LP purchased a new stake in Payoneer Global in the 2nd quarter valued at about $29,000. Finally, Cubist Systematic Strategies LLC boosted its holdings in shares of Payoneer Global by 108.6% in the second quarter. Cubist Systematic Strategies LLC now owns 509,003 shares of the company’s stock valued at $2,820,000 after purchasing an additional 264,978 shares during the period. Hedge funds and other institutional investors own 82.22% of the company’s stock.

About Payoneer Global

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.