Y Intercept Hong Kong Ltd Has $147,000 Position in Payoneer Global Inc. (NASDAQ:PAYO)

Y Intercept Hong Kong Ltd cut its stake in Payoneer Global Inc. (NASDAQ:PAYO - Free Report) by 84.2% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 20,130 shares of the company's stock after selling 106,957 shares during the quarter. Y Intercept Hong Kong Ltd's holdings in Payoneer Global were worth $147,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also modified their holdings of the company. Susquehanna Capital Management LLC increased its position in Payoneer Global by 290.3% in the 4th quarter. Susquehanna Capital Management LLC now owns 25,268,954 shares of the company's stock worth $253,700,000 after purchasing an additional 18,794,047 shares during the last quarter. Arrowstreet Capital Limited Partnership grew its stake in shares of Payoneer Global by 200.0% in the 4th quarter. Arrowstreet Capital Limited Partnership now owns 3,470,347 shares of the company's stock valued at $34,842,000 after buying an additional 2,313,481 shares in the last quarter. Deutsche Bank AG increased its holdings in Payoneer Global by 252.8% in the fourth quarter. Deutsche Bank AG now owns 2,779,110 shares of the company's stock worth $27,902,000 after buying an additional 1,991,449 shares during the last quarter. Driehaus Capital Management LLC bought a new position in Payoneer Global during the fourth quarter valued at approximately $19,305,000. Finally, D. E. Shaw & Co. Inc. lifted its stake in Payoneer Global by 1,065.1% in the fourth quarter. D. E. Shaw & Co. Inc. now owns 2,081,589 shares of the company's stock valued at $20,899,000 after acquiring an additional 1,902,925 shares during the last quarter. 82.22% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other Payoneer Global news, Director Susanna Morgan sold 16,180 shares of the firm's stock in a transaction on Monday, June 2nd. The shares were sold at an average price of $6.77, for a total value of $109,538.60. Following the sale, the director directly owned 80,902 shares in the company, valued at $547,706.54. This trade represents a 16.67% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. 2.58% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

Several brokerages have recently commented on PAYO. Jefferies Financial Group increased their price target 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. Needham & Company LLC cut their target price on Payoneer Global from $14.00 to $8.00 and set a "buy" rating on the stock in a report on Thursday, May 8th. Citigroup reaffirmed a "buy" rating and issued a $10.00 price target (down previously from $13.00) on shares of Payoneer Global in a research report on Thursday, May 22nd. Keefe, Bruyette & Woods raised Payoneer Global from a "market perform" rating to an "outperform" rating and increased their price objective for the company from $7.00 to $9.00 in a report on Tuesday, May 13th. Finally, Deutsche Bank Aktiengesellschaft initiated coverage on Payoneer Global in a research note on Thursday, July 17th. They issued a "buy" rating and a $8.00 price objective on the stock. One equities research analyst has rated the stock with a hold rating, eight have given a buy rating and one has assigned a strong buy rating to the company's stock. According to data from MarketBeat, Payoneer Global currently has an average rating of "Buy" and an average target price of $9.81.

Payoneer Global Stock Down 1.4%

PAYO opened at $6.57 on Friday. The stock's 50 day moving average price is $6.78 and its two-hundred day moving average price is $7.71. The firm has a market capitalization of $2.38 billion, a P/E ratio of 21.90 and a beta of 0.98. Payoneer Global Inc. has a 12-month low of $5.03 and a 12-month high of $11.29.

Payoneer Global (NASDAQ:PAYO - Get Free Report) last posted its quarterly earnings data on Wednesday, May 7th. The company reported $0.05 earnings per share for the quarter, missing the consensus estimate of $0.07 by ($0.02). The business had revenue of $246.62 million during the quarter, compared to the consensus estimate of $244.52 million. Payoneer Global had a net margin of 11.32% and a return on equity of 15.70%. The firm's revenue was up 8.1% compared to the same quarter last year. During the same period in the prior year, the company posted $0.08 earnings per share. As a group, analysts anticipate that Payoneer Global Inc. will post 0.34 earnings per share for the current year.

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.

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