Payoneer Global (NASDAQ:PAYO) Downgraded to Peer Perform Rating by Wolfe Research

Payoneer Global (NASDAQ:PAYO) was downgraded by stock analysts at Wolfe Research from an “outperform” rating to a “peer perform” rating in a report issued on Wednesday,Briefing.com Automated Import reports.

A number of other equities analysts have also issued reports on the company. The Goldman Sachs Group increased their price target on Payoneer Global from $9.00 to $12.00 and gave the company a “buy” rating in a research note 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 research report on Friday, December 6th. Benchmark increased their target price on shares of Payoneer Global from $10.00 to $12.00 and gave the company a “buy” rating in a research note on Wednesday, November 6th. Keefe, Bruyette & Woods cut their price target on shares of Payoneer Global from $12.00 to $11.00 and set a “market perform” rating for the company in a research note on Monday. Finally, Needham & Company LLC raised 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, November 6th. Two analysts have rated the stock with a hold rating, five have given a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, Payoneer Global currently has an average rating of “Moderate Buy” and an average price target of $11.21.

Payoneer Global Stock Up 0.8 %

NASDAQ PAYO opened at $10.38 on Wednesday. The stock has a market cap of $3.70 billion, a price-to-earnings ratio of 29.66 and a beta of 0.92. Payoneer Global has a fifty-two week low of $4.22 and a fifty-two week high of $11.29. The business has a fifty day moving average of $10.30 and a 200-day moving average of $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. Payoneer Global had a return on equity of 17.78% and a net margin of 13.82%. The company had revenue of $248.30 million for the quarter, compared to analysts’ expectations of $225.44 million. During the same quarter in the previous year, the firm posted $0.05 earnings per share. The firm’s quarterly revenue was up 19.4% on a year-over-year basis. As a group, analysts anticipate that Payoneer Global will post 0.35 EPS for the current year.

Insider Activity at Payoneer Global

In other Payoneer Global news, CAO Itai Perry sold 4,100 shares of the company’s stock in a transaction that occurred on Tuesday, October 15th. The stock was sold at an average price of $8.00, for a total value of $32,800.00. Following the sale, the chief accounting officer now owns 228,738 shares in the company, valued at $1,829,904. This represents a 1.76 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, insider Tsafi Goldman sold 96,350 shares of the company’s stock in a transaction that occurred on Thursday, January 2nd. The shares were sold at an average price of $10.07, for a total value of $970,244.50. Following the completion of the sale, the insider now owns 741,748 shares in the company, valued at $7,469,402.36. This represents a 11.50 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 7,918,725 shares of company stock valued at $81,647,314. Insiders own 5.57% of the company’s stock.

Hedge Funds Weigh In On Payoneer Global

A number of hedge funds have recently added to or reduced their stakes in the stock. Nordea Investment Management AB boosted its holdings in shares of Payoneer Global by 4.9% in the 4th quarter. Nordea Investment Management AB now owns 881,026 shares of the company’s stock valued at $8,951,000 after purchasing an additional 41,106 shares in the last quarter. GAMMA Investing LLC raised its position in Payoneer Global by 41.7% during the 4th quarter. GAMMA Investing LLC now owns 8,241 shares of the company’s stock worth $83,000 after purchasing an additional 2,425 shares during the last quarter. Lord Abbett & CO. LLC bought a new position in Payoneer Global during the 3rd quarter worth $6,064,000. Tidal Investments LLC raised its position in Payoneer Global by 4.6% during the 3rd quarter. Tidal Investments LLC now owns 195,407 shares of the company’s stock worth $1,471,000 after purchasing an additional 8,637 shares during the last quarter. Finally, Barclays PLC raised its position in shares of Payoneer Global by 352.8% in the 3rd quarter. Barclays PLC now owns 498,727 shares of the company’s stock worth $3,755,000 after acquiring an additional 388,584 shares in the last quarter. Institutional investors own 82.22% of the company’s stock.

About Payoneer Global

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.