Payoneer Global Inc. (NASDAQ:PAYO) Short Interest Update

Payoneer Global Inc. (NASDAQ:PAYO - Get Free Report) was the recipient of a significant decline in short interest in May. As of May 15th, there was short interest totalling 14,540,000 shares, a decline of 20.5% from the April 30th total of 18,300,000 shares. Approximately 5.4% of the company's stock are short sold. Based on an average daily volume of 4,220,000 shares, the short-interest ratio is currently 3.4 days.

Payoneer Global Stock Performance

Shares of Payoneer Global stock traded up $0.11 on Thursday, reaching $6.88. The stock had a trading volume of 2,225,568 shares, compared to its average volume of 3,195,204. The business's 50-day moving average price is $6.75 and its two-hundred day moving average price is $8.71. Payoneer Global has a fifty-two week low of $5.03 and a fifty-two week high of $11.29. The stock has a market cap of $2.49 billion, a P/E ratio of 19.66, a price-to-earnings-growth ratio of 2.88 and a beta of 0.99.

Payoneer Global (NASDAQ:PAYO - Get Free Report) last issued its quarterly earnings results 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). Payoneer Global had a net margin of 13.82% and a return on equity of 17.78%. The company had revenue of $246.62 million during the quarter, compared to the consensus estimate of $244.52 million. During the same period last year, the company earned $0.08 earnings per share. Payoneer Global's revenue for the quarter was up 8.1% on a year-over-year basis. As a group, equities analysts forecast that Payoneer Global will post 0.34 earnings per share for the current fiscal year.

Analysts Set New Price Targets

A number of research firms have issued reports on PAYO. Keefe, Bruyette & Woods upgraded shares of Payoneer Global from a "market perform" rating to an "outperform" rating and lifted their target price for the company from $7.00 to $9.00 in a research note on Tuesday, May 13th. The Goldman Sachs Group reduced their target price on shares of Payoneer Global from $11.00 to $9.00 and set a "buy" rating for the company in a research note on Wednesday, April 2nd. Citigroup reiterated a "buy" rating and issued a $10.00 target price (down from $13.00) on shares of Payoneer Global in a research note on Thursday, May 22nd. Needham & Company LLC reduced their target price on shares of Payoneer Global from $14.00 to $8.00 and set a "buy" rating for the company in a research note on Thursday, May 8th. Finally, Jefferies Financial Group lifted their target price 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. One equities 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 company's stock. Based on data from MarketBeat.com, the stock has a consensus rating of "Buy" and an average target price of $10.44.

Insider Activity at Payoneer Global

In related news, Director Susanna Morgan sold 16,180 shares of the business's stock in a transaction that occurred on Monday, June 2nd. The shares were sold at an average price of $6.77, for a total transaction of $109,538.60. Following the transaction, the director now directly owns 80,902 shares of the company's stock, valued at approximately $547,706.54. The trade was a 16.67% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. 2.58% of the stock is currently owned by insiders.

Institutional Trading of Payoneer Global

Hedge funds have recently bought and sold shares of the stock. Farther Finance Advisors LLC bought a new stake in Payoneer Global in the 1st quarter valued at $25,000. Quarry LP bought a new stake in Payoneer Global in the 4th quarter valued at $29,000. BI Asset Management Fondsmaeglerselskab A S bought a new stake in Payoneer Global in the 1st quarter valued at $34,000. Versant Capital Management Inc boosted its holdings in Payoneer Global by 420.6% in the 1st quarter. Versant Capital Management Inc now owns 5,034 shares of the company's stock valued at $37,000 after purchasing an additional 4,067 shares during the period. Finally, Smartleaf Asset Management LLC boosted its holdings in Payoneer Global by 405.8% in the 4th quarter. Smartleaf Asset Management LLC now owns 3,819 shares of the company's stock valued at $38,000 after purchasing an additional 3,064 shares during the period. 82.22% of the stock is owned by institutional investors.

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.