Strs Ohio Purchases Shares of 111,100 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 purchased a new position in shares of Payoneer Global Inc. (NASDAQ:PAYO - Free Report) in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund purchased 111,100 shares of the company's stock, valued at approximately $812,000.

A number of other hedge funds and other institutional investors also recently modified their holdings of PAYO. ProShare Advisors LLC raised its position in shares of Payoneer Global by 48.4% during the fourth quarter. ProShare Advisors LLC now owns 86,783 shares of the company's stock worth $871,000 after purchasing an additional 28,286 shares during the period. Tidal Investments LLC raised its position in Payoneer Global by 14.0% during the fourth quarter. Tidal Investments LLC now owns 222,733 shares of the company's stock valued at $2,236,000 after buying an additional 27,326 shares during the period. Vident Advisory LLC acquired a new position in Payoneer Global during the fourth quarter valued at $220,000. Voloridge Investment Management LLC acquired a new position in Payoneer Global during the fourth quarter valued at $13,302,000. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its position in Payoneer Global by 23.4% during the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 715,857 shares of the company's stock valued at $7,187,000 after buying an additional 135,730 shares during the period. Institutional investors own 82.22% of the company's stock.

Analysts Set New Price Targets

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

Payoneer Global Trading Down 0.8%

NASDAQ:PAYO traded down $0.05 during mid-day trading on Friday, hitting $6.59. 9,931,681 shares of the company's stock traded hands, compared to its average volume of 2,791,050. The firm has a 50 day moving average of $6.73 and a two-hundred day moving average of $6.83. Payoneer Global Inc. has a 12 month low of $5.71 and a 12 month high of $11.29. The firm has a market capitalization of $2.37 billion, a price-to-earnings ratio of 25.35, a price-to-earnings-growth ratio of 8.67 and a beta of 0.98.

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

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.