Strs Ohio Makes New $812,000 Investment in Payoneer Global Inc. $PAYO

Key Points

• Strs Ohio acquired 111,100 shares of Payoneer Global Inc. in Q1, valued at approximately $812,000, indicating institutional interest in the company's stock.
• Research analysts have mixed ratings for Payoneer Global, with one firm downgrading the stock to a "sell" while others maintain a "buy" rating with target prices ranging from $8.00 to $10.00.
• The company's recent earnings report showed a net margin of 9.81% and a revenue increase of 8.8% year-over-year, despite missing EPS estimates.

Strs Ohio acquired a new stake in Payoneer Global Inc. (NASDAQ:PAYO - Free Report) during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor acquired 111,100 shares of the company's stock, valued at approximately $812,000.

Several other hedge funds also recently bought and sold shares of the business. Mitsubishi UFJ Asset Management Co. Ltd. grew its position in Payoneer Global by 11.2% in the 1st quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 18,016 shares of the company's stock valued at $132,000 after acquiring an additional 1,808 shares during the last quarter. Advisors Asset Management Inc. raised its position in Payoneer Global by 35.9% during the 1st quarter. Advisors Asset Management Inc. now owns 11,597 shares of the company's stock valued at $85,000 after purchasing an additional 3,066 shares in the last quarter. Farther Finance Advisors LLC bought a new stake in Payoneer Global during the 1st quarter valued at $25,000. Landscape Capital Management L.L.C. raised its position in Payoneer Global by 28.0% during the 1st quarter. Landscape Capital Management L.L.C. now owns 15,388 shares of the company's stock valued at $112,000 after purchasing an additional 3,369 shares in the last quarter. Finally, Corton Capital Inc. raised its position in Payoneer Global by 27.8% during the 1st quarter. Corton Capital Inc. now owns 15,971 shares of the company's stock valued at $117,000 after purchasing an additional 3,475 shares in the last quarter. Institutional investors own 82.22% of the company's stock.

Payoneer Global Price Performance

Shares of NASDAQ:PAYO traded down $0.12 during midday trading on Tuesday, reaching $6.61. 359,318 shares of the company's stock were exchanged, compared to its average volume of 3,373,037. The firm's 50 day simple moving average is $6.73 and its two-hundred day simple moving average is $6.82. The stock has a market cap of $2.38 billion, a price-to-earnings ratio of 25.52, a P/E/G ratio of 8.67 and a beta of 0.98. Payoneer Global Inc. has a fifty-two week low of $5.71 and a fifty-two week high of $11.29.

Payoneer Global (NASDAQ:PAYO - Get Free Report) last announced its earnings results on Wednesday, August 6th. The company reported $0.05 EPS for the quarter, missing analysts' consensus estimates of $0.06 by ($0.01). The firm had revenue of $260.61 million for the quarter, compared to analysts' expectations of $253.17 million. Payoneer Global had a net margin of 9.81% and a return on equity of 13.42%. The business's revenue was up 8.8% compared to the same quarter last year. During the same quarter last year, the business earned $0.09 earnings per share. Equities research analysts predict that Payoneer Global Inc. will post 0.34 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

A number of equities research analysts have weighed in on the company. Jefferies Financial Group lifted their target price on Payoneer Global from $8.00 to $8.50 and gave the company a "buy" rating in a research report on Tuesday, May 27th. Deutsche Bank Aktiengesellschaft assumed coverage on Payoneer Global in a research report on Thursday, July 17th. They set a "buy" rating and a $8.00 target price for the company. Needham & Company LLC lifted their target price on Payoneer Global from $8.00 to $10.00 and gave the company a "buy" rating in a research report on Wednesday, August 6th. Finally, Wall Street Zen lowered Payoneer Global from a "hold" rating to a "sell" rating in a research report on Tuesday, September 9th. Eight equities research analysts have rated the stock with a Buy rating and one has given a Hold rating to the company's stock. Based on data from MarketBeat.com, Payoneer Global currently has an average rating of "Moderate Buy" and a consensus price target of $10.06.

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.