Shares of Payoneer Global Inc. (NASDAQ:PAYO – Get Rating) fell 6.7% during mid-day trading on Monday . The company traded as low as $4.29 and last traded at $4.31. 12,976 shares were traded during mid-day trading, a decline of 100% from the average session volume of 3,110,084 shares. The stock had previously closed at $4.62.
A number of research firms have recently issued reports on PAYO. Citigroup dropped their price target on Payoneer Global from $12.50 to $11.00 and set a “buy” rating on the stock in a research note on Wednesday, January 26th. Needham & Company LLC lowered their target price on Payoneer Global from $13.00 to $7.00 and set a “buy” rating on the stock in a research report on Friday, March 4th. Finally, Zacks Investment Research cut Payoneer Global from a “hold” rating to a “strong sell” rating in a report on Wednesday, March 9th. One investment analyst has rated the stock with a sell rating, one has assigned a hold rating and five have assigned a buy rating to the stock. According to data from MarketBeat.com, Payoneer Global presently has an average rating of “Buy” and a consensus target price of $10.75.
The company has a quick ratio of 1.10, a current ratio of 1.10 and a debt-to-equity ratio of 0.03. The stock has a fifty day simple moving average of $4.57 and a 200 day simple moving average of $6.27. The firm has a market capitalization of $1.47 billion, a P/E ratio of -4.30 and a beta of 0.81.
Hedge funds and other institutional investors have recently modified their holdings of the business. Geode Capital Management LLC increased its stake in Payoneer Global by 3,831.6% during the third quarter. Geode Capital Management LLC now owns 1,790,397 shares of the company’s stock worth $15,307,000 after acquiring an additional 1,744,858 shares during the last quarter. Tuttle Capital Management LLC purchased a new stake in shares of Payoneer Global in the fourth quarter worth approximately $158,000. Van ECK Associates Corp purchased a new stake in shares of Payoneer Global in the fourth quarter worth approximately $463,000. GSA Capital Partners LLP purchased a new stake in shares of Payoneer Global in the third quarter worth approximately $234,000. Finally, Cubist Systematic Strategies LLC purchased a new stake in shares of Payoneer Global in the third quarter worth approximately $2,598,000. 56.98% of the stock is currently owned by institutional investors.
Payoneer Global Company Profile (NASDAQ:PAYO)
Payoneer Inc operates a cross-border payment and commerce-enabling platform that facilitates digital businesses, online sellers, and freelancers worldwide to receive and manage their international payments. The company delivers a suite of services that includes cross-border payments, working capital, tax solutions, merchant services, and risk management.
- Get a free copy of the StockNews.com research report on Payoneer Global (PAYO)
- Banking On Bank Of America
- Major Shareholder Bets Big On Nielson Holdings plc
- Tapestry Stock is a Value Play Down Here
- Levi Straus Stock Ready to Buy the Dip
- Bed Bath & Beyond Stock Ready to Scale Into
Receive News & Ratings for Payoneer Global Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Payoneer Global and related companies with MarketBeat.com's FREE daily email newsletter.