Payoneer Global Inc. $PAYO Shares Acquired by OMERS ADMINISTRATION Corp

Key Points

• OMERS ADMINISTRATION Corp significantly increased its stake in Payoneer Global by 665.3%, acquiring 262,500 shares valued at approximately $1.9 million.
• Payoneer Global reported a quarterly revenue of $260.61 million, exceeding estimates, but missed earnings per share projections, posting $0.05 EPS against a consensus of $0.06.
• Several investment analysts have mixed views on the stock, with eight analystsWall Street Zen downgraded it to a sell, reflecting varied confidence in its future performance.

OMERS ADMINISTRATION Corp grew its position in Payoneer Global Inc. (NASDAQ:PAYO - Free Report) by 665.3% in the first quarter, according to the company in its most recent disclosure with the SEC. The firm owned 262,500 shares of the company's stock after acquiring an additional 228,200 shares during the period. OMERS ADMINISTRATION Corp owned about 0.07% of Payoneer Global worth $1,919,000 at the end of the most recent quarter.

Other large investors have also modified their holdings of the company. Farther Finance Advisors LLC purchased a new stake in shares of Payoneer Global during the first quarter worth about $25,000. Quarry LP purchased a new stake in shares of Payoneer Global during the fourth quarter worth about $29,000. BI Asset Management Fondsmaeglerselskab A S purchased a new stake in shares of Payoneer Global during the first quarter worth about $34,000. Versant Capital Management Inc increased 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 worth $37,000 after purchasing an additional 4,067 shares in the last quarter. Finally, IFP Advisors Inc increased 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 worth $46,000 after purchasing an additional 6,214 shares in the last quarter. Institutional investors and hedge funds own 82.22% of the company's stock.

Payoneer Global Stock Down 1.0%

NASDAQ:PAYO traded down $0.07 on Friday, hitting $6.64. The stock had a trading volume of 747,566 shares, compared to its average volume of 3,364,725. The stock has a market cap of $2.39 billion, a price-to-earnings ratio of 25.52, a PEG ratio of 8.90 and a beta of 0.98. The company has a fifty day moving average price of $6.77 and a two-hundred day moving average price of $7.07. Payoneer Global Inc. has a 1-year low of $5.71 and a 1-year high of $11.29.

Payoneer Global (NASDAQ:PAYO - Get Free Report) last posted 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). The firm had revenue of $260.61 million during the quarter, compared to analyst estimates 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 for the quarter was up 8.8% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.09 earnings per share. As a group, analysts anticipate that Payoneer Global Inc. will post 0.34 earnings per share for the current year.

Wall Street Analyst Weigh In

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

About Payoneer Global

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.