Payoneer Global (NASDAQ:PAYO) Shares Gap Down to $5.48

Shares of Payoneer Global Inc. (NASDAQ:PAYOGet Free Report) gapped down prior to trading on Friday . The stock had previously closed at $5.48, but opened at $5.32. Payoneer Global shares last traded at $5.40, with a volume of 535,754 shares.

Analysts Set New Price Targets

A number of brokerages recently commented on PAYO. Keefe, Bruyette & Woods dropped their price target on Payoneer Global from $7.00 to $6.00 and set an “outperform” rating for the company in a research note on Thursday, February 29th. Benchmark reaffirmed a “buy” rating and issued a $9.00 price target on shares of Payoneer Global in a research note on Tuesday, May 14th. Citigroup dropped their price target on Payoneer Global from $7.50 to $6.00 and set a “buy” rating for the company in a research note on Thursday, March 21st. Needham & Company LLC raised their price target on Payoneer Global from $7.00 to $8.00 and gave the stock a “buy” rating in a research note on Thursday, May 9th. Finally, Cantor Fitzgerald dropped their price target on Payoneer Global from $8.00 to $7.00 and set an “overweight” rating for the company in a research note on Friday, March 1st. Seven equities research analysts have rated the stock with a buy rating, According to data from MarketBeat.com, the stock presently has a consensus rating of “Buy” and an average price target of $7.00.

Check Out Our Latest Report on Payoneer Global

Payoneer Global Price Performance

The company has a debt-to-equity ratio of 0.02, a current ratio of 1.09 and a quick ratio of 1.09. The firm has a market cap of $2.02 billion, a PE ratio of 18.27 and a beta of 0.84. The firm has a 50-day simple moving average of $5.51 and a 200 day simple moving average of $5.13.

Payoneer Global (NASDAQ:PAYOGet Free Report) last announced its quarterly earnings data on Wednesday, May 8th. The company reported $0.08 EPS for the quarter, beating the consensus estimate of $0.05 by $0.03. The business had revenue of $228.20 million during the quarter, compared to analyst estimates of $211.63 million. Payoneer Global had a return on equity of 17.56% and a net margin of 13.19%. The company’s revenue for the quarter was up 18.9% on a year-over-year basis. During the same quarter last year, the firm posted $0.02 earnings per share. As a group, equities analysts expect that Payoneer Global Inc. will post 0.24 EPS for the current year.

Insider Activity

In other news, Director Scott H. Galit sold 355,717 shares of the firm’s stock in a transaction on Tuesday, March 26th. The stock was sold at an average price of $4.71, for a total transaction of $1,675,427.07. Following the completion of the transaction, the director now directly owns 3,127,981 shares in the company, valued at $14,732,790.51. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. In related news, CAO Itai Perry sold 6,000 shares of Payoneer Global stock in a transaction dated Tuesday, May 21st. The stock was sold at an average price of $6.00, for a total value of $36,000.00. Following the completion of the sale, the chief accounting officer now directly owns 233,639 shares in the company, valued at approximately $1,401,834. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, Director Scott H. Galit sold 355,717 shares of Payoneer Global stock in a transaction dated Tuesday, March 26th. The stock was sold at an average price of $4.71, for a total value of $1,675,427.07. Following the completion of the sale, the director now owns 3,127,981 shares of the company’s stock, valued at $14,732,790.51. The disclosure for this sale can be found here. Insiders sold 857,865 shares of company stock worth $4,176,498 over the last three months. 5.57% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On Payoneer Global

Large investors have recently bought and sold shares of the business. Vanguard Group Inc. grew its stake in shares of Payoneer Global by 4.4% during the 3rd quarter. Vanguard Group Inc. now owns 27,791,663 shares of the company’s stock valued at $170,085,000 after purchasing an additional 1,166,894 shares during the period. Charles Schwab Investment Management Inc. grew its stake in shares of Payoneer Global by 23.9% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 2,075,139 shares of the company’s stock valued at $12,700,000 after purchasing an additional 399,873 shares during the period. Allianz Asset Management GmbH grew its stake in shares of Payoneer Global by 43.5% during the 4th quarter. Allianz Asset Management GmbH now owns 906,735 shares of the company’s stock valued at $4,724,000 after purchasing an additional 274,942 shares during the period. Hudson Bay Capital Management LP grew its stake in shares of Payoneer Global by 100.0% during the 3rd quarter. Hudson Bay Capital Management LP now owns 600,000 shares of the company’s stock valued at $3,672,000 after purchasing an additional 300,000 shares during the period. Finally, Jacobs Levy Equity Management Inc. grew its stake in shares of Payoneer Global by 85.1% during the 3rd quarter. Jacobs Levy Equity Management Inc. now owns 2,979,701 shares of the company’s stock valued at $18,236,000 after purchasing an additional 1,370,007 shares during the period. 82.22% of the stock is currently owned by institutional investors.

Payoneer Global Company Profile

(Get Free Report)

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.

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