Payoneer Global (NASDAQ:PAYO) Stock Price Expected to Rise, Citigroup Analyst Says

Payoneer Global (NASDAQ:PAYO) had its target price boosted by equities research analysts at Citigroup from $14.50 to $16.50 in a note issued to investors on Tuesday,Benzinga reports. The firm presently has a “buy” rating on the stock. Citigroup’s price target points to a potential upside of 103.10% from the company’s previous close.

A number of other analysts have also recently issued reports on PAYO. Keefe, Bruyette & Woods decreased their target price on Payoneer Global from $11.00 to $10.00 and set a “market perform” rating for the company in a report on Friday. Benchmark lifted their target price on shares of Payoneer Global from $10.00 to $12.00 and gave the company a “buy” rating in a report on Wednesday, November 6th. Wolfe Research lowered Payoneer Global from an “outperform” rating to a “peer perform” rating in a research report on Wednesday, January 8th. Northland Securities increased their target price on Payoneer Global from $13.00 to $14.00 and gave the company an “outperform” rating in a research note on Friday, December 6th. Finally, Deutsche Bank Aktiengesellschaft began coverage on shares of Payoneer Global in a research report on Monday, February 3rd. They issued a “buy” rating and a $13.00 price objective for the company. Two research analysts have rated the stock with a hold rating, six have issued a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, Payoneer Global presently has an average rating of “Moderate Buy” and an average target price of $13.07.

Payoneer Global Price Performance

NASDAQ PAYO traded down $0.23 on Tuesday, hitting $8.12. 1,551,388 shares of the company’s stock were exchanged, compared to its average volume of 3,143,885. Payoneer Global has a fifty-two week low of $4.22 and a fifty-two week high of $11.29. The firm’s 50-day moving average price is $10.24 and its two-hundred day moving average price is $9.28. The firm has a market cap of $2.90 billion, a price-to-earnings ratio of 23.16, a P/E/G ratio of 2.88 and a beta of 0.93.

Payoneer Global (NASDAQ:PAYO) last released its quarterly earnings data on Thursday, February 27th. The company reported $0.05 EPS for the quarter, missing analysts’ consensus estimates of $0.06 by ($0.01). Payoneer Global had a return on equity of 17.78% and a net margin of 13.82%. The firm had revenue of $261.74 million for the quarter, compared to analyst estimates of $242.14 million. During the same quarter in the previous year, the company earned $0.05 earnings per share. On average, research analysts predict that Payoneer Global will post 0.34 earnings per share for the current fiscal year.

Insider Buying and Selling

In related news, CFO Beatrice Ordonez sold 85,000 shares of the company’s stock in a transaction on Tuesday, January 21st. The stock was sold at an average price of $10.40, for a total value of $884,000.00. Following the completion of the transaction, 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 sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, insider Tsafi Goldman sold 96,350 shares of the business’s stock in a transaction on Thursday, January 2nd. The shares were sold at an average price of $10.07, for a total transaction of $970,244.50. Following the completion of the sale, the insider now directly owns 741,748 shares in the company, valued at $7,469,402.36. This trade represents a 11.50 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 445,223 shares of company stock valued at $4,519,362. Insiders own 5.57% of the company’s stock.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Quarry LP acquired a new position in shares of Payoneer Global in the 4th quarter worth approximately $29,000. Smartleaf Asset Management LLC lifted its holdings in shares of Payoneer Global by 405.8% during the fourth quarter. Smartleaf Asset Management LLC now owns 3,819 shares of the company’s stock valued at $38,000 after acquiring an additional 3,064 shares during the period. Fifth Third Bancorp grew its holdings in shares of Payoneer Global by 29.3% in the 4th quarter. Fifth Third Bancorp now owns 4,488 shares of the company’s stock worth $45,000 after purchasing an additional 1,016 shares during the last quarter. Blue Trust Inc. increased its position in shares of Payoneer Global by 21.2% during the 4th quarter. Blue Trust Inc. now owns 5,380 shares of the company’s stock worth $54,000 after purchasing an additional 940 shares in the last quarter. Finally, GAMMA Investing LLC boosted its position in Payoneer Global by 41.7% in the fourth quarter. GAMMA Investing LLC now owns 8,241 shares of the company’s stock valued at $83,000 after buying an additional 2,425 shares in the last quarter. Institutional investors 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.