Payoneer Global Inc. $PAYO Position Lifted by Voya Investment Management LLC

Key Points

• Voya Investment Management LLC increased its stake in Payoneer Global Inc. by 31.7% during the first quarter, acquiring an additional 189,509 shares.
• Institutional ownership of Payoneer Global is significant, with hedge funds and other institutional investors owning 82.22% of the stock.
• Analysts' ratings on PAYO are largely positive, with a consensus rating of "Moderate Buy" and an average price target of $10.06.

Voya Investment Management LLC raised its position in Payoneer Global Inc. (NASDAQ:PAYO - Free Report) by 31.7% in the first quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 787,697 shares of the company's stock after buying an additional 189,509 shares during the period. Voya Investment Management LLC owned about 0.22% of Payoneer Global worth $5,758,000 at the end of the most recent quarter.

Other institutional investors have also modified their holdings of the company. Farther Finance Advisors LLC acquired a new stake in shares of Payoneer Global in the first quarter valued at about $25,000. BI Asset Management Fondsmaeglerselskab A S acquired a new position in shares of Payoneer Global in the 1st quarter worth approximately $34,000. Versant Capital Management Inc increased its stake in Payoneer Global by 420.6% during the 1st quarter. Versant Capital Management Inc now owns 5,034 shares of the company's stock worth $37,000 after buying an additional 4,067 shares during the period. IFP Advisors Inc increased its position in shares of Payoneer Global by 47,800.0% in the 1st quarter. IFP Advisors Inc now owns 6,227 shares of the company's stock valued at $46,000 after purchasing an additional 6,214 shares during the last quarter. Finally, Mirae Asset Global Investments Co. Ltd. grew its position in shares of Payoneer Global by 559.9% in the 1st quarter. Mirae Asset Global Investments Co. Ltd. now owns 8,480 shares of the company's stock valued at $62,000 after buying an additional 7,195 shares during the last quarter. Institutional investors and hedge funds own 82.22% of the company's stock.

Payoneer Global Stock Down 0.2%

Shares of Payoneer Global stock traded down $0.02 during trading hours on Monday, hitting $6.58. The company's stock had a trading volume of 253,273 shares, compared to its average volume of 3,375,906. Payoneer Global Inc. has a 1-year low of $5.71 and a 1-year high of $11.29. The business has a fifty day moving average of $6.73 and a 200 day moving average of $6.83. The company has a market capitalization of $2.37 billion, a PE ratio of 25.34, a P/E/G 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). The firm had revenue of $260.61 million during the quarter, compared to analysts' expectations of $253.17 million. Payoneer Global had a net margin of 9.81% and a return on equity of 13.42%. Payoneer Global's revenue for the quarter was up 8.8% compared to the same quarter last year. During the same quarter last year, the company posted $0.09 earnings per share. On average, sell-side analysts anticipate that Payoneer Global Inc. will post 0.34 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

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

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.