Graham Capital Management L.P. Purchases 155,650 Shares of Payoneer Global Inc. $PAYO

Key Points

• Graham Capital Management L.P. increased its stake in Payoneer Global Inc. by 303.5%, acquiring an additional 155,650 shares, bringing its total ownership to 206,935 shares.
• Payoneer Global's stock has experienced a decline of 3.0% recently, trading at $6.74 with a market capitalization of $2.43 billion.
• Analysts have optimistic views on Payoneer Global, with a consensus rating of "Moderate Buy" and an average price target of $10.06.

Graham Capital Management L.P. boosted its position in Payoneer Global Inc. (NASDAQ:PAYO - Free Report) by 303.5% in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 206,935 shares of the company's stock after purchasing an additional 155,650 shares during the period. Graham Capital Management L.P. owned approximately 0.06% of Payoneer Global worth $1,513,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors have also added to or reduced their stakes in the company. Farther Finance Advisors LLC bought a new stake in shares of Payoneer Global during the first quarter valued at approximately $25,000. BI Asset Management Fondsmaeglerselskab A S bought a new stake in shares of Payoneer Global during the first quarter valued at approximately $34,000. Versant Capital Management Inc raised its stake in shares of Payoneer Global by 420.6% during the first quarter. Versant Capital Management Inc now owns 5,034 shares of the company's stock valued at $37,000 after acquiring an additional 4,067 shares in the last quarter. IFP Advisors Inc raised its stake in shares of Payoneer Global by 47,800.0% during the first quarter. IFP Advisors Inc now owns 6,227 shares of the company's stock valued at $46,000 after acquiring an additional 6,214 shares in the last quarter. Finally, Mirae Asset Global Investments Co. Ltd. raised its stake in shares of Payoneer Global by 559.9% during the first quarter. Mirae Asset Global Investments Co. Ltd. now owns 8,480 shares of the company's stock valued at $62,000 after acquiring an additional 7,195 shares in the last quarter. Institutional investors own 82.22% of the company's stock.

Payoneer Global Stock Down 3.0%

Shares of NASDAQ:PAYO opened at $6.74 on Wednesday. The company has a market capitalization of $2.43 billion, a price-to-earnings ratio of 25.92, a price-to-earnings-growth ratio of 9.15 and a beta of 0.98. Payoneer Global Inc. has a 52 week low of $5.71 and a 52 week high of $11.29. The firm has a 50 day moving average of $6.78 and a 200 day moving average of $7.09.

Payoneer Global (NASDAQ:PAYO - Get Free Report) last issued its quarterly earnings results on Wednesday, August 6th. The company reported $0.05 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.06 by ($0.01). Payoneer Global had a return on equity of 13.42% and a net margin of 9.81%.The business had revenue of $260.61 million for the quarter, compared to analyst estimates of $253.17 million. During the same period in the previous year, the company posted $0.09 earnings per share. The business's revenue for the quarter was up 8.8% on a year-over-year basis. On average, sell-side analysts expect that Payoneer Global Inc. will post 0.34 EPS for the current year.

Analyst Ratings Changes

Several analysts have recently weighed in on the stock. Deutsche Bank Aktiengesellschaft assumed coverage on shares of Payoneer Global in a research note on Thursday, July 17th. They set a "buy" rating and a $8.00 price target for the company. Keefe, Bruyette & Woods raised shares of Payoneer Global from a "market perform" rating to an "outperform" rating and lifted their price target for the company from $7.00 to $9.00 in a research note on Tuesday, May 13th. Citigroup reaffirmed a "buy" rating and set a $10.00 price target (down previously from $13.00) on shares of Payoneer Global in a research note on Thursday, May 22nd. Jefferies Financial Group boosted their price objective on shares of Payoneer Global from $8.00 to $8.50 and gave the stock a "buy" rating in a research note on Tuesday, May 27th. Finally, Wall Street Zen raised shares of Payoneer Global from a "sell" rating to a "hold" rating in a research note on Monday. Eight analysts have rated the stock with a Buy rating and one has given a Hold rating to the company's stock. According to data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average price target of $10.06.

Payoneer Global 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.

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