State of Wyoming trimmed its holdings in shares of Payoneer Global Inc. (NASDAQ:PAYO - Free Report) by 70.8% during the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 30,245 shares of the company's stock after selling 73,421 shares during the period. State of Wyoming's holdings in Payoneer Global were worth $304,000 as of its most recent filing with the SEC.
A number of other institutional investors and hedge funds have also recently modified their holdings of the business. ProShare Advisors LLC lifted its stake in Payoneer Global by 48.4% during the 4th quarter. ProShare Advisors LLC now owns 86,783 shares of the company's stock valued at $871,000 after acquiring an additional 28,286 shares in the last quarter. Quantedge Capital Pte Ltd grew its holdings in shares of Payoneer Global by 58.6% during the fourth quarter. Quantedge Capital Pte Ltd now owns 227,300 shares of the company's stock worth $2,282,000 after purchasing an additional 84,000 shares in the last quarter. Occudo Quantitative Strategies LP boosted its stake in Payoneer Global by 55.1% in the fourth quarter. Occudo Quantitative Strategies LP now owns 50,391 shares of the company's stock worth $506,000 after buying an additional 17,901 shares in the last quarter. Millennium Management LLC boosted its stake in Payoneer Global by 0.3% in the fourth quarter. Millennium Management LLC now owns 6,523,595 shares of the company's stock worth $65,497,000 after buying an additional 21,149 shares in the last quarter. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its stake in shares of Payoneer Global by 5.4% during the fourth quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 445,474 shares of the company's stock valued at $4,473,000 after purchasing an additional 22,668 shares during the period. 82.22% of the stock is currently owned by institutional investors.
Wall Street Analysts Forecast Growth
A number of equities analysts have issued reports on the company. Citigroup reiterated a "buy" rating and issued a $10.00 price objective (down previously from $13.00) on shares of Payoneer Global in a report on Thursday, May 22nd. Deutsche Bank Aktiengesellschaft started coverage on Payoneer Global in a research report on Monday, February 3rd. They set a "buy" rating and a $13.00 price objective on the stock. Jefferies Financial Group boosted their price target on Payoneer Global from $8.00 to $8.50 and gave the stock a "buy" rating in a report on Tuesday. Needham & Company LLC reduced their price objective on Payoneer Global from $14.00 to $8.00 and set a "buy" rating on the stock in a research note on Thursday, May 8th. Finally, The Goldman Sachs Group cut their target price on Payoneer Global from $11.00 to $9.00 and set a "buy" rating on the stock in a research report on Wednesday, April 2nd. One research analyst has rated the stock with a hold rating, eight have issued a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of "Buy" and an average target price of $10.44.
View Our Latest Stock Analysis on PAYO
Payoneer Global Price Performance
Shares of PAYO stock traded down $0.07 during mid-day trading on Wednesday, hitting $6.80. The stock had a trading volume of 275,664 shares, compared to its average volume of 3,178,465. Payoneer Global Inc. has a 12-month low of $5.03 and a 12-month high of $11.29. The firm has a market capitalization of $2.46 billion, a P/E ratio of 19.41, a price-to-earnings-growth ratio of 2.88 and a beta of 1.03. The firm's 50-day moving average is $6.86 and its two-hundred day moving average is $8.88.
Payoneer Global (NASDAQ:PAYO - Get Free Report) last issued its quarterly earnings data on Wednesday, May 7th. The company reported $0.05 earnings per share for the quarter, missing analysts' consensus estimates of $0.07 by ($0.02). The company had revenue of $246.62 million for the quarter, compared to analysts' expectations of $244.52 million. Payoneer Global had a return on equity of 17.78% and a net margin of 13.82%. The company's revenue for the quarter was up 8.1% compared to the same quarter last year. During the same quarter last year, the company earned $0.08 earnings per share. Analysts expect that Payoneer Global Inc. will post 0.34 EPS for the current year.
About Payoneer Global
(
Free Report)
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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