111,100 Shares in Payoneer Global Inc. $PAYO Purchased by Strs Ohio

Strs Ohio purchased a new position in shares of Payoneer Global Inc. (NASDAQ:PAYO) during the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor purchased 111,100 shares of the company’s stock, valued at approximately $812,000.

A number of other institutional investors and hedge funds have also made changes to their positions in the business. Farther Finance Advisors LLC acquired a new stake in Payoneer Global in the 1st quarter valued at $25,000. BI Asset Management Fondsmaeglerselskab A S purchased a new position in Payoneer Global during the first quarter valued at $34,000. Versant Capital Management Inc grew its position in shares of Payoneer Global by 420.6% in the first 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. IFP Advisors Inc increased its stake in shares of Payoneer Global by 47,800.0% during the first quarter. IFP Advisors Inc now owns 6,227 shares of the company’s stock worth $46,000 after purchasing an additional 6,214 shares in the last quarter. Finally, Mirae Asset Global Investments Co. Ltd. increased its stake in shares of Payoneer Global by 559.9% during the first quarter. Mirae Asset Global Investments Co. Ltd. now owns 8,480 shares of the company’s stock worth $62,000 after purchasing an additional 7,195 shares in the last quarter. 82.22% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several equities research analysts recently issued reports on the company. Wall Street Zen cut Payoneer Global from a “hold” rating to a “sell” rating in a report on Tuesday, September 9th. Needham & Company LLC raised their target price on Payoneer Global from $8.00 to $10.00 and gave the company a “buy” rating in a research report on Wednesday, August 6th. Deutsche Bank Aktiengesellschaft initiated coverage on Payoneer Global in a research report on Thursday, July 17th. They set a “buy” rating and a $8.00 price target for the company. Finally, Jefferies Financial Group increased their price objective on Payoneer Global from $8.00 to $8.50 and gave the company a “buy” rating in a research note on Tuesday, May 27th. Eight analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company’s stock. According to MarketBeat.com, Payoneer Global currently has a consensus rating of “Moderate Buy” and an average target price of $10.06.

Payoneer Global Trading Down 0.8%

PAYO opened at $6.59 on Friday. The stock’s 50-day moving average price is $6.73 and its 200 day moving average price is $6.84. Payoneer Global Inc. has a 12-month low of $5.71 and a 12-month high of $11.29. The firm has a market cap of $2.37 billion, a price-to-earnings ratio of 25.35, a PEG ratio of 8.74 and a beta of 0.98.

Payoneer Global (NASDAQ:PAYO) last issued its quarterly earnings results on Wednesday, August 6th. The company reported $0.05 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.06 by ($0.01). The business had revenue of $260.61 million for the quarter, compared to analyst estimates of $253.17 million. Payoneer Global had a return on equity of 13.42% and a net margin of 9.81%.The firm’s revenue for the quarter was up 8.8% compared to the same quarter last year. During the same period in the prior year, the company posted $0.09 EPS. On average, research analysts forecast that Payoneer Global Inc. will post 0.34 earnings per share for the current year.

Payoneer Global 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.