Mutual of America Capital Management LLC Has $229,000 Stake in Payoneer Global Inc. $PAYO

Mutual of America Capital Management LLC decreased its position in Payoneer Global Inc. (NASDAQ:PAYO) by 10.5% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 33,451 shares of the company’s stock after selling 3,939 shares during the quarter. Mutual of America Capital Management LLC’s holdings in Payoneer Global were worth $229,000 as of its most recent SEC filing.

Other institutional investors have also made changes to their positions in the company. BI Asset Management Fondsmaeglerselskab A S bought a new stake in Payoneer Global during the first quarter worth $34,000. IFP Advisors Inc lifted its stake in 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 during the last quarter. Mirae Asset Global Investments Co. Ltd. lifted its stake in 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 during the last quarter. Advisors Asset Management Inc. lifted its stake in Payoneer Global by 35.9% during the first quarter. Advisors Asset Management Inc. now owns 11,597 shares of the company’s stock worth $85,000 after purchasing an additional 3,066 shares during the last quarter. Finally, Cerity Partners LLC acquired a new position in shares of Payoneer Global during the first quarter worth $96,000. 82.22% of the stock is currently owned by institutional investors.

Payoneer Global Stock Down 4.1%

NASDAQ PAYO opened at $5.87 on Thursday. The company has a market capitalization of $2.12 billion, a price-to-earnings ratio of 22.58, a PEG ratio of 7.71 and a beta of 0.95. Payoneer Global Inc. has a twelve month low of $5.66 and a twelve month high of $11.29. The stock has a fifty day simple moving average of $6.38 and a 200 day simple moving average of $6.64.

Payoneer Global (NASDAQ:PAYO) last posted its quarterly earnings data on Wednesday, August 6th. The company reported $0.05 earnings per share for the quarter, missing analysts’ consensus estimates of $0.06 by ($0.01). The company had revenue of $260.61 million during the quarter, compared to analyst estimates of $253.17 million. Payoneer Global had a net margin of 9.81% and a return on equity of 13.42%. The business’s revenue for the quarter was up 8.8% on a year-over-year basis. During the same quarter in the previous year, the company earned $0.09 earnings per share. Research analysts expect that Payoneer Global Inc. will post 0.34 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

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

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.