Bank of America Corp DE increased its stake in Payoneer Global Inc. (NASDAQ:PAYO - Free Report) by 17.9% in the 1st quarter, according to the company in its most recent filing with the SEC. The fund owned 3,795,863 shares of the company's stock after purchasing an additional 576,559 shares during the quarter. Bank of America Corp DE owned approximately 1.13% of Payoneer Global worth $18,334,000 at the end of the most recent reporting period.
Other large investors have also recently added to or reduced their stakes in the company. Osaic Holdings Inc. grew its stake in Payoneer Global by 246.5% in the 2nd quarter. Osaic Holdings Inc. now owns 4,636 shares of the company's stock valued at $33,000 after buying an additional 3,298 shares during the last quarter. Leonteq Securities AG lifted its holdings in shares of Payoneer Global by 72.0% during the first quarter. Leonteq Securities AG now owns 6,496 shares of the company's stock worth $31,000 after buying an additional 2,720 shares during the last quarter. CWM LLC lifted its holdings in shares of Payoneer Global by 178.6% during the fourth quarter. CWM LLC now owns 9,384 shares of the company's stock worth $53,000 after buying an additional 6,016 shares during the last quarter. Resonant Capital Advisors LLC bought a new stake in shares of Payoneer Global in the first quarter valued at approximately $49,000. Finally, Vident Advisory LLC bought a new stake in shares of Payoneer Global in the fourth quarter valued at approximately $58,000. Institutional investors own 82.22% of the company's stock.
Payoneer Global Trading Down 0.1%
PAYO stock opened at $7.10 on Thursday. Payoneer Global Inc. has a 1-year low of $4.08 and a 1-year high of $7.18. The business's 50 day moving average is $7.09 and its 200-day moving average is $5.79. The firm has a market cap of $2.41 billion, a P/E ratio of 50.72, a P/E/G ratio of 1.49 and a beta of 0.96.
Payoneer Global (NASDAQ:PAYO - Get Free Report) last posted its earnings results on Thursday, August 6th. The company reported ($0.01) EPS for the quarter, missing the consensus estimate of $0.06 by ($0.07). Payoneer Global had a return on equity of 9.97% and a net margin of 4.65%.The company had revenue of $274.26 million for the quarter, compared to the consensus estimate of $270.98 million. During the same quarter last year, the business earned $0.05 EPS. Payoneer Global's quarterly revenue was up 5.2% compared to the same quarter last year. Sell-side analysts forecast that Payoneer Global Inc. will post 0.2 EPS for the current year.
Wall Street Analyst Weigh In
A number of brokerages recently issued reports on PAYO. Needham & Company LLC lowered shares of Payoneer Global from a "buy" rating to a "hold" rating in a research report on Monday, June 15th. Wall Street Zen upgraded shares of Payoneer Global from a "sell" rating to a "hold" rating in a research report on Saturday, May 2nd. Northland Securities set a $7.40 price objective on shares of Payoneer Global in a research report on Monday, June 15th. Weiss Ratings cut shares of Payoneer Global from a "hold (c)" rating to a "hold (c-)" rating in a research note on Tuesday, August 11th. Finally, William Blair downgraded Payoneer Global from an "outperform" rating to a "hold" rating in a research report on Monday, June 15th. One investment analyst has rated the stock with a Buy rating and eight have given a Hold rating to the company. According to MarketBeat.com, the company has an average rating of "Hold" and an average target price of $7.40.
View Our Latest Analysis on PAYO
Insider Activity at Payoneer Global
In other news, CFO Beatrice Ordonez sold 25,000 shares of the business's stock in a transaction on Monday, June 15th. The shares were sold at an average price of $7.01, for a total value of $175,250.00. Following the sale, the chief financial officer owned 2,887,266 shares in the company, valued at approximately $20,239,734.66. The trade was a 0.86% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Corporate insiders own 2.06% of the company's stock.
Payoneer Global Company Profile
(
Free Report)
Payoneer Global NASDAQ: PAYO operates a digital payments platform that enables businesses, marketplaces and professionals to send and receive cross-border payments. The company's core offerings include multi-currency receiving accounts, mass payout services and working capital solutions. Through its platform, Payoneer facilitates global transactions by connecting payors and payees across a network of local bank transfers, card payouts and digital wallets, supporting the seamless movement of funds in over 150 currencies.
Founded in 2005, Payoneer has grown from a small fintech venture into a widely adopted payments infrastructure provider that serves clients in more than 200 countries and territories.
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