Payoneer Global Inc. (NASDAQ:PAYO) Given Average Recommendation of “Moderate Buy” by Brokerages

Shares of Payoneer Global Inc. (NASDAQ:PAYO) have received a consensus rating of “Moderate Buy” from the eight ratings firms that are currently covering the company, Marketbeat.com reports. One equities research analyst has rated the stock with a hold rating and seven have assigned a buy rating to the company. The average 12 month price target among brokerages that have issued ratings on the stock in the last year is $9.00.

PAYO has been the subject of a number of recent research reports. Weiss Ratings reiterated a “hold (c)” rating on shares of Payoneer Global in a report on Thursday, January 22nd. Jefferies Financial Group set a $7.00 price target on Payoneer Global in a report on Wednesday, November 5th. Benchmark reduced their price objective on Payoneer Global from $12.00 to $10.00 and set a “buy” rating on the stock in a research report on Tuesday, December 23rd. Finally, Wall Street Zen upgraded Payoneer Global from a “sell” rating to a “hold” rating in a report on Saturday, November 8th.

Hedge Funds Weigh In On Payoneer Global

A number of institutional investors have recently bought and sold shares of the company. Azora Capital LP purchased a new stake in shares of Payoneer Global in the 2nd quarter valued at approximately $30,996,000. Invesco Ltd. grew its position in Payoneer Global by 137.3% in the second quarter. Invesco Ltd. now owns 5,562,623 shares of the company’s stock worth $38,104,000 after acquiring an additional 3,218,917 shares during the period. Greenvale Capital LLP purchased a new position in Payoneer Global in the second quarter worth approximately $14,472,000. Marshall Wace LLP increased its stake in Payoneer Global by 238.5% during the fourth quarter. Marshall Wace LLP now owns 1,362,962 shares of the company’s stock worth $7,660,000 after acquiring an additional 960,371 shares during the last quarter. Finally, HRT Financial LP purchased a new stake in Payoneer Global in the fourth quarter valued at $4,912,000. 82.22% of the stock is owned by hedge funds and other institutional investors.

Payoneer Global Stock Up 3.4%

Shares of NASDAQ PAYO opened at $5.53 on Friday. The firm has a 50-day simple moving average of $5.74 and a 200-day simple moving average of $6.03. The stock has a market capitalization of $1.97 billion, a price-to-earnings ratio of 29.11, a price-to-earnings-growth ratio of 5.13 and a beta of 1.04. Payoneer Global has a 52 week low of $4.91 and a 52 week high of $10.75.

About Payoneer Global

Payoneer Global (NASDAQ: PAYO) operates a digital payments platform that enables businesses, marketplaces and professionals to send and receive cross-border payments. The company’s core offerings include multi-currency receiving accounts, mass payout services and working capital solutions. Through its platform, Payoneer facilitates global transactions by connecting payors and payees across a network of local bank transfers, card payouts and digital wallets, supporting the seamless movement of funds in over 150 currencies.

Founded in 2005, Payoneer has grown from a small fintech venture into a widely adopted payments infrastructure provider that serves clients in more than 200 countries and territories.