Payoneer Global Inc. (PAYO) – What Are Researchers Saying About This Stock?

Payoneer Global Inc. (NASDAQ:PAYO) has received an average rating of “Hold” from the nine brokerages that are currently covering the stock, MarketBeat Ratings reports. Eight research analysts have rated the stock with a hold recommendation and one has issued a buy recommendation on the company. The average 12-month target price among brokerages that have issued ratings on the stock in the last year is $7.40.

Several research firms recently issued reports on PAYO. Deutsche Bank Aktiengesellschaft lowered Payoneer Global from a “buy” rating to a “hold” rating in a research report on Friday, August 7th. Weiss Ratings raised shares of Payoneer Global from a “hold (c-)” rating to a “hold (c)” rating in a report on Tuesday, September 1st.

Institutional Investors Weigh In On Payoneer Global

A number of institutional investors have recently modified their holdings of the business. Fifth Third Wealth Advisors LLC acquired a new stake in shares of Payoneer Global during the 3rd quarter worth approximately $716,000. Sterling Capital Management LLC lifted its holdings in shares of Payoneer Global by 847.9% in the 3rd quarter. Sterling Capital Management LLC now owns 8,806 shares of the company’s stock worth $63,000 after purchasing an additional 7,877 shares during the last quarter. Axxcess Wealth Management LLC bought a new stake in shares of Payoneer Global in the 3rd quarter worth approximately $280,000. Commonwealth Financial Services LLC grew its stake in Payoneer Global by 75.8% during the 3rd quarter. Commonwealth Financial Services LLC now owns 26,803 shares of the company’s stock worth $191,000 after buying an additional 11,559 shares during the last quarter. Finally, SteelPeak Wealth LLC bought a new position in Payoneer Global during the 3rd quarter worth $146,000. Institutional investors own 82.22% of the company’s stock.

Payoneer Global Stock Performance

PAYO stock opened at $7.15 on Thursday. The firm has a 50 day simple moving average of $7.13 and a 200-day simple moving average of $6.10. The company has a market capitalization of $2.42 billion, a P/E ratio of 51.08, a PEG ratio of 1.83 and a beta of 0.88. Payoneer Global has a twelve month low of $4.08 and a twelve month high of $7.19.

Payoneer Global (NASDAQ:PAYO) last posted its quarterly earnings results on Thursday, August 6th. The company reported ($0.01) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.06 by ($0.07). The company had revenue of $274.26 million during the quarter, compared to analyst estimates of $270.98 million. Payoneer Global had a net margin of 4.65% and a return on equity of 9.97%. The company’s revenue was up 5.2% on a year-over-year basis. During the same period in the prior year, the company earned $0.05 earnings per share. On average, research analysts predict that Payoneer Global will post 0.16 EPS for the current year.

Payoneer Global Company Profile

Payoneer Global Inc (NASDAQ: PAYO) operates a global financial technology platform that helps businesses, online marketplaces, freelancers and other professionals send, receive and manage payments across borders. Its services are designed to support companies that operate internationally, including small and medium-sized businesses and digital commerce participants.

The company provides multi-currency receiving accounts, cross-border payouts, supplier and contractor payments, currency conversion and other business payment tools.