Keefe, Bruyette & Woods Raises Payoneer Global (NASDAQ:PAYO) Price Target to $12.00

Payoneer Global (NASDAQ:PAYO) had its price target upped by investment analysts at Keefe, Bruyette & Woods from $9.00 to $12.00 in a report issued on Wednesday,Benzinga reports. The firm presently has an “outperform” rating on the stock. Keefe, Bruyette & Woods’ target price would suggest a potential upside of 12.36% from the stock’s previous close.

PAYO has been the topic of a number of other reports. Benchmark lifted their target price on shares of Payoneer Global from $10.00 to $12.00 and gave the company a “buy” rating in a report on Wednesday. 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 research report on Wednesday. Citigroup lifted their price objective on shares of Payoneer Global from $7.00 to $8.50 and gave the company a “buy” rating in a research report on Monday, August 12th. Cantor Fitzgerald upgraded shares of Payoneer Global to a “strong-buy” rating in a research report on Monday, August 12th. Finally, Northland Securities lifted their price objective on shares of Payoneer Global from $9.00 to $10.00 and gave the company an “outperform” rating in a research report on Tuesday, September 10th. Six equities research analysts have rated the stock with a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Buy” and an average price target of $10.79.

Payoneer Global Trading Up 3.2 %

PAYO stock opened at $10.68 on Wednesday. Payoneer Global has a twelve month low of $4.22 and a twelve month high of $10.74. The company’s 50 day moving average is $7.95 and its two-hundred day moving average is $6.55. The stock has a market cap of $4.08 billion, a P/E ratio of 30.51 and a beta of 0.82.

Payoneer Global (NASDAQ:PAYO) last announced its earnings results on Tuesday, November 5th. The company reported $0.11 EPS for the quarter, beating analysts’ consensus estimates of $0.04 by $0.07. The business had revenue of $248.30 million for the quarter, compared to analysts’ expectations of $225.44 million. Payoneer Global had a net margin of 11.25% and a return on equity of 15.28%. The company’s quarterly revenue was up 19.4% on a year-over-year basis. During the same period in the previous year, the company posted $0.05 EPS. On average, equities research analysts predict that Payoneer Global will post 0.25 earnings per share for the current year.

Insiders Place Their Bets

In related news, Director Scott H. Galit sold 150,000 shares of the business’s stock in a transaction dated Wednesday, August 28th. The shares were sold at an average price of $7.07, for a total value of $1,060,500.00. Following the sale, the director now directly owns 1,809,674 shares in the company, valued at $12,794,395.18. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. In related news, CAO Itai Perry sold 3,900 shares of the business’s stock in a transaction dated Wednesday, October 9th. The shares were sold at an average price of $8.00, for a total value of $31,200.00. Following the completion of the transaction, the chief accounting officer now owns 228,738 shares of the company’s stock, valued at approximately $1,829,904. The trade was a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Scott H. Galit sold 150,000 shares of the business’s stock in a transaction dated Wednesday, August 28th. The shares were sold at an average price of $7.07, for a total transaction of $1,060,500.00. Following the completion of the transaction, the director now directly owns 1,809,674 shares of the company’s stock, valued at $12,794,395.18. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 158,000 shares of company stock worth $1,124,500. Corporate insiders own 5.57% of the company’s stock.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in PAYO. Mirae Asset Global Investments Co. Ltd. raised its stake in Payoneer Global by 6.3% in the 1st quarter. Mirae Asset Global Investments Co. Ltd. now owns 563,060 shares of the company’s stock valued at $2,736,000 after purchasing an additional 33,491 shares during the last quarter. Capstone Investment Advisors LLC acquired a new position in shares of Payoneer Global during the 1st quarter valued at about $313,000. Texas Permanent School Fund Corp increased its stake in shares of Payoneer Global by 1.3% during the 1st quarter. Texas Permanent School Fund Corp now owns 227,988 shares of the company’s stock valued at $1,108,000 after acquiring an additional 2,958 shares during the last quarter. Illinois Municipal Retirement Fund increased its stake in shares of Payoneer Global by 1.9% during the 1st quarter. Illinois Municipal Retirement Fund now owns 160,551 shares of the company’s stock valued at $780,000 after acquiring an additional 3,028 shares during the last quarter. Finally, Swiss National Bank increased its stake in shares of Payoneer Global by 0.9% during the 1st quarter. Swiss National Bank now owns 535,700 shares of the company’s stock valued at $2,604,000 after acquiring an additional 4,800 shares during the last quarter. Institutional investors and hedge funds own 82.22% of the company’s stock.

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.