Yousif Capital Management LLC Buys 1,948 Shares of Payoneer Global Inc. $PAYO

Yousif Capital Management LLC increased its stake in shares of Payoneer Global Inc. (NASDAQ:PAYO) by 2.0% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 97,014 shares of the company’s stock after buying an additional 1,948 shares during the quarter. Yousif Capital Management LLC’s holdings in Payoneer Global were worth $665,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also modified their holdings of the company. Farther Finance Advisors LLC bought a new position in shares of Payoneer Global during the 1st quarter worth approximately $25,000. BI Asset Management Fondsmaeglerselskab A S bought a new position in Payoneer Global in the 1st quarter valued at $34,000. IFP Advisors Inc raised its position in Payoneer Global by 47,800.0% in the 1st quarter. IFP Advisors Inc now owns 6,227 shares of the company’s stock valued at $46,000 after purchasing an additional 6,214 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. raised its position in Payoneer Global by 559.9% in the 1st quarter. Mirae Asset Global Investments Co. Ltd. now owns 8,480 shares of the company’s stock valued at $62,000 after purchasing an additional 7,195 shares during the last quarter. Finally, Advisors Asset Management Inc. raised its position in Payoneer Global by 35.9% in the 1st quarter. Advisors Asset Management Inc. now owns 11,597 shares of the company’s stock valued at $85,000 after purchasing an additional 3,066 shares during the last quarter. Institutional investors own 82.22% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts have issued reports on PAYO shares. Weiss Ratings reiterated a “hold (c)” rating on shares of Payoneer Global in a research report on Wednesday, October 8th. Wall Street Zen downgraded Payoneer Global from a “hold” rating to a “sell” rating in a research report on Saturday, October 18th. Deutsche Bank Aktiengesellschaft started coverage on Payoneer Global in a research report on Thursday, July 17th. They issued a “buy” rating and a $8.00 price objective for the company. Finally, Needham & Company LLC reiterated a “buy” rating and issued a $10.00 price objective on shares of Payoneer Global in a research report on Monday, October 6th. Eight analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $10.06.

Payoneer Global Price Performance

Shares of Payoneer Global stock opened at $6.00 on Thursday. Payoneer Global Inc. has a 1 year low of $5.66 and a 1 year high of $11.29. The business has a 50-day moving average of $6.44 and a two-hundred day moving average of $6.64. The company has a market capitalization of $2.16 billion, a P/E ratio of 23.08, a price-to-earnings-growth ratio of 7.59 and a beta of 0.95.

Payoneer Global (NASDAQ:PAYO) last announced 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). Payoneer Global had a return on equity of 13.42% and a net margin of 9.81%.The business had revenue of $260.61 million during the quarter, compared to the consensus estimate of $253.17 million. During the same quarter last year, the company earned $0.09 earnings per share. The firm’s revenue was up 8.8% compared to the same quarter last year. On average, equities 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.