Global Payoneer (NASDAQ: PAYO – Get a rating) had its target price lowered by Northland Securities from $14.00 to $9.00 in a research report released Friday morning, Fly reports.
A number of other stock analysts also weighed in on the stock. Needham & Company LLC lowered its target price on Payoneer Global shares from $13.00 to $7.00 and set a buy rating for the company in a research report on Friday, March 4. Citigroup raised its price target on shares of Payoneer Global from $6.50 to $7.50 in a research report on Friday. To finish, Zacks Investment Research upgraded shares of Payoneer Global from a strong sell rating to a hold rating in a Thursday, May 5, research report. Two research analysts gave the stock a hold rating and five gave the company a buy rating. According to MarketBeat, Payoneer Global currently has an average buy rating and a consensus price target of $10.00.
Shares of NASDAQ: PAYO traded at $1.13 in Friday’s midday session, reaching $4.73. 12,005,790 shares of the company were traded, against an average volume of 2,116,819. The company has a debt ratio of 0.03, a current ratio of 1.10 and a quick ratio of 1.10. The company’s fifty-day moving average is $4.39 and its two-hundred-day moving average is $5.73. Payoneer Global has a 1-year low of $3.33 and a 1-year high of $11.20.
Global Payoneer (NASDAQ: PAYO – Get a rating) last reported results on Thursday, May 12. The company reported earnings per share of $0.06 for the quarter, beating analyst consensus estimates of ($0.05) by $0.11. Payoneer Global had a negative net margin of 7.18% and a negative return on equity of 17.36%. The company posted revenue of $136.96 million in the quarter, versus analyst estimates of $121.19 million. In the same quarter of the previous year, the company had earned earnings per share of ($0.31). Payoneer Global’s revenue for the quarter increased 36.1% year over year. As a group, sell-side analysts expect Payoneer Global to post -0.22 earnings per share for the current fiscal year.
Hedge funds have recently increased or reduced their stakes in the company. Advisor Group Holdings Inc. increased its holdings of Payoneer Global shares by 101.5% in Q3. Advisor Group Holdings Inc. now owns 3,970 shares of the company worth $35,000 after acquiring 2,000 additional shares in the last quarter. Assetmark Inc. bought a new stake in shares of Payoneer Global in Q3 for a value of approximately $39,000. Royal Bank of Canada bought a new stake in shares of Payoneer Global in Q2 for a value of approximately $41,000. Migdal Insurance & Financial Holdings Ltd. increased its equity stake in Payoneer Global by 1,622.5% in Q4. Migdal Insurance & Financial Holdings Ltd. now owns 6,976 shares of the company worth $50,000 after acquiring an additional 6,571 shares in the last quarter. Finally, XTX Topco Ltd bought a new position in Payoneer Global in Q1 worth around $54,000. Institutional investors and hedge funds hold 66.30% of the company’s shares.
Payoneer Global Company Profile (Get a rating)
Payoneer Global Inc operates a payment and commerce platform that facilitates online marketplaces, platforms and merchants worldwide. It offers a suite of services that includes cross-border payments, B2B accounts payable/receivable, multi-currency accounts, physical and virtual Mastercard, working capital, merchant, tax, compliance and risk, and more.
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