Payoneer Global (NASDAQ:PAYO) Receives New Coverage from Analysts at Benchmark

Investment analysts at Benchmark began coverage on shares of Payoneer Global (NASDAQ:PAYOGet Free Report) in a research report issued to clients and investors on Tuesday, Briefing.com reports. The firm set a “buy” rating and a $7.00 price target on the stock. Benchmark’s price target would indicate a potential upside of 35.92% from the company’s current price.

Several other equities analysts have also recently weighed in on the company. Needham & Company LLC reiterated a “buy” rating and issued a $8.00 price target on shares of Payoneer Global in a research report on Tuesday, December 19th. The Goldman Sachs Group reduced their price target on Payoneer Global from $7.00 to $6.00 and set a “buy” rating for the company in a research report on Thursday, January 11th. Finally, TheStreet upgraded Payoneer Global from a “d” rating to a “c” rating in a research report on Wednesday, November 1st. Seven analysts have rated the stock with a buy rating, According to data from MarketBeat.com, the stock currently has a consensus rating of “Buy” and a consensus price target of $7.57.

View Our Latest Stock Analysis on Payoneer Global

Payoneer Global Stock Performance

NASDAQ:PAYO opened at $5.15 on Tuesday. The company has a market capitalization of $1.86 billion, a P/E ratio of 36.79 and a beta of 0.80. Payoneer Global has a 1 year low of $4.02 and a 1 year high of $7.05. The company has a debt-to-equity ratio of 0.02, a current ratio of 1.10 and a quick ratio of 1.10. The business has a fifty day simple moving average of $4.96 and a two-hundred day simple moving average of $5.49.

Insider Activity

In related news, Director Scott H. Galit sold 12,447 shares of the business’s stock in a transaction dated Tuesday, February 6th. The stock was sold at an average price of $4.88, for a total transaction of $60,741.36. Following the transaction, the director now owns 3,190,571 shares in the company, valued at approximately $15,569,986.48. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. In related news, COO Arnon Kraft sold 39,723 shares of the business’s stock in a transaction dated Tuesday, December 12th. The stock was sold at an average price of $5.32, for a total transaction of $211,326.36. Following the transaction, the chief operating officer now owns 729,371 shares in the company, valued at approximately $3,880,253.72. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Director Scott H. Galit sold 12,447 shares of the business’s stock in a transaction dated Tuesday, February 6th. The shares were sold at an average price of $4.88, for a total value of $60,741.36. Following the transaction, the director now owns 3,190,571 shares in the company, valued at approximately $15,569,986.48. The disclosure for this sale can be found here. In the last quarter, insiders sold 92,467 shares of company stock valued at $482,754. Insiders own 5.57% of the company’s stock.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of PAYO. BlackRock Inc. grew its holdings in shares of Payoneer Global by 5.2% during the 2nd quarter. BlackRock Inc. now owns 33,938,367 shares of the company’s stock worth $163,244,000 after acquiring an additional 1,671,920 shares during the period. Vanguard Group Inc. grew its stake in shares of Payoneer Global by 4.4% in the 3rd quarter. Vanguard Group Inc. now owns 27,791,663 shares of the company’s stock worth $170,085,000 after buying an additional 1,166,894 shares during the last quarter. Susquehanna International Group LLP grew its stake in shares of Payoneer Global by 85,862.0% in the 1st quarter. Susquehanna International Group LLP now owns 18,819,651 shares of the company’s stock worth $118,187,000 after buying an additional 18,797,758 shares during the last quarter. Price T Rowe Associates Inc. MD grew its stake in shares of Payoneer Global by 9.7% in the 2nd quarter. Price T Rowe Associates Inc. MD now owns 15,601,619 shares of the company’s stock worth $61,158,000 after buying an additional 1,383,186 shares during the last quarter. Finally, State Street Corp grew its stake in shares of Payoneer Global by 11.2% in the 2nd quarter. State Street Corp now owns 8,262,878 shares of the company’s stock worth $39,744,000 after buying an additional 831,226 shares during the last quarter. Hedge funds and other institutional investors own 82.92% of the company’s stock.

Payoneer Global Company Profile

(Get Free Report)

Payoneer Global Inc operates a payment and commerce-enabling platform worldwide. It delivers a suite of services that includes cross-border payments, B2B accounts payable/accounts receivable, multi-currency account, physical and virtual Mastercard cards, working capital, merchant, tax, compliance and risk, and others.

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Analyst Recommendations for Payoneer Global (NASDAQ:PAYO)

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