Payoneer Global Inc. $PAYO Stock Position Raised by Advisors Asset Management Inc.

Advisors Asset Management Inc. lifted its stake in Payoneer Global Inc. (NASDAQ:PAYO) by 35.9% during the first quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 11,597 shares of the company’s stock after acquiring an additional 3,066 shares during the period. Advisors Asset Management Inc.’s holdings in Payoneer Global were worth $85,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in PAYO. Bank of America Corp DE lifted its holdings in Payoneer Global by 34.0% in the 4th quarter. Bank of America Corp DE now owns 2,508,530 shares of the company’s stock worth $25,186,000 after purchasing an additional 636,473 shares during the last quarter. Graham Capital Management L.P. lifted its holdings in Payoneer Global by 92.6% in the 4th quarter. Graham Capital Management L.P. now owns 51,285 shares of the company’s stock worth $515,000 after purchasing an additional 24,664 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its holdings in Payoneer Global by 5.4% in the 4th quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 445,474 shares of the company’s stock worth $4,473,000 after purchasing an additional 22,668 shares during the last quarter. Millennium Management LLC lifted its holdings in Payoneer Global by 0.3% in the 4th quarter. Millennium Management LLC now owns 6,523,595 shares of the company’s stock worth $65,497,000 after purchasing an additional 21,149 shares during the last quarter. Finally, ProShare Advisors LLC lifted its holdings in Payoneer Global by 48.4% in the 4th quarter. ProShare Advisors LLC now owns 86,783 shares of the company’s stock worth $871,000 after purchasing an additional 28,286 shares during the last quarter. 82.22% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several equities research analysts recently weighed in on the company. Citigroup restated a “buy” rating and issued a $10.00 target price (down from $13.00) on shares of Payoneer Global in a report on Thursday, May 22nd. Deutsche Bank Aktiengesellschaft initiated coverage on Payoneer Global in a report on Thursday, July 17th. They issued a “buy” rating and a $8.00 target price for the company. Wall Street Zen downgraded Payoneer Global from a “hold” rating to a “sell” rating in a research report on Tuesday. Needham & Company LLC lifted their price target on Payoneer Global from $8.00 to $10.00 and gave the stock a “buy” rating in a research report on Wednesday, August 6th. Finally, Jefferies Financial Group lifted their price target on Payoneer Global from $8.00 to $8.50 and gave the stock a “buy” rating in a research report on Tuesday, May 27th. Eight research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $10.06.

Payoneer Global Trading Down 2.1%

Shares of NASDAQ:PAYO opened at $6.50 on Friday. Payoneer Global Inc. has a 1-year low of $5.71 and a 1-year high of $11.29. The firm has a market capitalization of $2.34 billion, a PE ratio of 25.00, a PEG ratio of 8.74 and a beta of 0.98. The business’s 50 day moving average is $6.74 and its 200-day moving average is $6.92.

Payoneer Global (NASDAQ:PAYO) last announced its quarterly earnings data 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). Payoneer Global had a return on equity of 13.42% and a net margin of 9.81%.The firm had revenue of $260.61 million for the quarter, compared to analyst estimates of $253.17 million. During the same period in the previous year, the business posted $0.09 EPS. Payoneer Global’s revenue for the quarter was up 8.8% compared to the same quarter last year. On average, sell-side analysts predict that Payoneer Global Inc. will post 0.34 EPS 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.