Yousif Capital Management LLC Sells 2,821 Shares of Payoneer Global Inc. (NASDAQ:PAYO)

Yousif Capital Management LLC reduced its position in Payoneer Global Inc. (NASDAQ:PAYO) by 2.9% during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 95,066 shares of the company’s stock after selling 2,821 shares during the period. Yousif Capital Management LLC’s holdings in Payoneer Global were worth $695,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors have also made changes to their positions in the company. Susquehanna Capital Management LLC raised its holdings in Payoneer Global by 290.3% during the fourth quarter. Susquehanna Capital Management LLC now owns 25,268,954 shares of the company’s stock valued at $253,700,000 after acquiring an additional 18,794,047 shares during the period. Price T Rowe Associates Inc. MD grew its stake in shares of Payoneer Global by 5.3% in the 4th quarter. Price T Rowe Associates Inc. MD now owns 8,709,989 shares of the company’s stock worth $87,450,000 after buying an additional 440,231 shares in the last quarter. American Century Companies Inc. increased its stake in Payoneer Global by 24.8% during the fourth quarter. American Century Companies Inc. now owns 8,166,652 shares of the company’s stock worth $81,993,000 after acquiring an additional 1,624,948 shares during the last quarter. Geode Capital Management LLC raised its holdings in Payoneer Global by 2.4% during the 4th quarter. Geode Capital Management LLC now owns 6,777,377 shares of the company’s stock valued at $68,059,000 after buying an additional 156,252 shares during the period. Finally, Millennium Management LLC boosted its position in shares of Payoneer Global by 0.3% during the fourth quarter. Millennium Management LLC now owns 6,523,595 shares of the company’s stock valued at $65,497,000 after buying an additional 21,149 shares during the period. 82.22% of the stock is currently owned by institutional investors.

Insider Buying and Selling at Payoneer Global

In other Payoneer Global news, Director Susanna Morgan sold 16,180 shares of the stock in a transaction that occurred on Monday, June 2nd. The stock was sold at an average price of $6.77, for a total transaction of $109,538.60. Following the completion of the sale, the director now directly owns 80,902 shares of the company’s stock, valued at approximately $547,706.54. This trade represents a 16.67% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 2.58% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

Several research firms have recently weighed in on PAYO. Jefferies Financial Group lifted their price target 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. The Goldman Sachs Group dropped their target price on Payoneer Global from $11.00 to $9.00 and set a “buy” rating on the stock in a research note on Wednesday, April 2nd. Keefe, Bruyette & Woods upgraded Payoneer Global from a “market perform” rating to an “outperform” rating and boosted their price target for the company from $7.00 to $9.00 in a research note on Tuesday, May 13th. Needham & Company LLC decreased 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 report on Thursday, May 8th. Finally, 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. One investment analyst has rated the stock with a hold rating, eight have given a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, the company has an average rating of “Buy” and an average target price of $10.44.

Payoneer Global Price Performance

NASDAQ PAYO opened at $6.53 on Friday. Payoneer Global Inc. has a 1-year low of $5.03 and a 1-year high of $11.29. The stock has a 50-day moving average of $6.80 and a two-hundred day moving average of $8.43. The company has a market cap of $2.36 billion, a P/E ratio of 21.77 and a beta of 0.99.

Payoneer Global (NASDAQ:PAYO) last issued its quarterly earnings results on Wednesday, May 7th. The company reported $0.05 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.07 by ($0.02). The firm had revenue of $246.62 million during the quarter, compared to analysts’ expectations of $244.52 million. Payoneer Global had a return on equity of 15.70% and a net margin of 11.32%. The firm’s revenue was up 8.1% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.08 EPS. On average, analysts anticipate that Payoneer Global Inc. will post 0.34 EPS for the current fiscal 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.