Keefe, Bruyette & Woods Has Lowered Expectations for Payoneer Global (NASDAQ:PAYO) Stock Price

Payoneer Global (NASDAQ:PAYO) had its price target lowered by Keefe, Bruyette & Woods from $12.00 to $11.00 in a report issued on Monday,Benzinga reports. The firm presently has a “market perform” rating on the stock. Keefe, Bruyette & Woods’ price target indicates a potential upside of 5.97% from the company’s current price.

Other equities research analysts have also recently issued research reports about the company. Benchmark boosted their target price on Payoneer Global from $10.00 to $12.00 and gave the company a “buy” rating in a research note on Wednesday, November 6th. Needham & Company LLC lifted their price objective on shares of Payoneer Global from $10.00 to $14.00 and gave the company a “buy” rating in a report on Wednesday, November 6th. Northland Securities increased their target price on shares of Payoneer Global from $13.00 to $14.00 and gave the stock an “outperform” rating in a report on Friday, December 6th. Finally, The Goldman Sachs Group raised their target price on shares of Payoneer Global from $9.00 to $12.00 and gave the company a “buy” rating in a research report on Wednesday, November 6th. One analyst has rated the stock with a hold rating, five have given a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat, Payoneer Global currently has an average rating of “Buy” and a consensus price target of $11.21.

Payoneer Global Stock Performance

Shares of PAYO opened at $10.38 on Monday. The firm has a market cap of $3.70 billion, a P/E ratio of 29.66 and a beta of 0.92. Payoneer Global has a twelve month low of $4.22 and a twelve month high of $11.29. The firm’s 50 day moving average price is $10.30 and its two-hundred day moving average price is $8.03.

Payoneer Global (NASDAQ:PAYO) last issued its quarterly earnings data on Tuesday, November 5th. The company reported $0.11 EPS for the quarter, topping analysts’ consensus estimates of $0.04 by $0.07. The business had revenue of $248.30 million for the quarter, compared to analyst estimates of $225.44 million. Payoneer Global had a net margin of 13.82% and a return on equity of 17.78%. The firm’s quarterly revenue was up 19.4% on a year-over-year basis. During the same period last year, the business posted $0.05 earnings per share. On average, sell-side analysts anticipate that Payoneer Global will post 0.35 earnings per share for the current fiscal year.

Insider Activity at Payoneer Global

In other news, CAO Itai Perry sold 52,829 shares of the company’s stock in a transaction dated Monday, November 18th. The shares were sold at an average price of $10.64, for a total value of $562,100.56. Following the sale, the chief accounting officer now directly owns 201,882 shares of the company’s stock, valued at approximately $2,148,024.48. This represents a 20.74 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Tsafi Goldman sold 96,350 shares of Payoneer Global stock in a transaction dated Thursday, January 2nd. The stock was sold at an average price of $10.07, for a total value of $970,244.50. Following the transaction, the insider now owns 741,748 shares of the company’s stock, valued at $7,469,402.36. The trade was a 11.50 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders sold 7,918,725 shares of company stock valued at $81,647,314. 5.57% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in the business. AXA S.A. lifted its holdings in Payoneer Global by 1,394.5% during the 2nd quarter. AXA S.A. now owns 14,176,485 shares of the company’s stock valued at $78,538,000 after purchasing an additional 13,227,884 shares during the last quarter. Azora Capital LP bought a new position in shares of Payoneer Global in the third quarter valued at about $31,901,000. Legion Partners Asset Management LLC acquired a new stake in shares of Payoneer Global during the 2nd quarter worth about $12,360,000. American Century Companies Inc. boosted its holdings in shares of Payoneer Global by 241.5% during the 2nd quarter. American Century Companies Inc. now owns 1,643,744 shares of the company’s stock worth $9,106,000 after buying an additional 1,162,481 shares during the period. Finally, Millennium Management LLC grew its stake in Payoneer Global by 17.3% in the 2nd quarter. Millennium Management LLC now owns 6,764,016 shares of the company’s stock valued at $37,473,000 after buying an additional 995,366 shares during the last quarter. 82.22% of the stock is owned by institutional investors and hedge funds.

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.