Payoneer Global Inc. $PAYO Shares Sold by Citigroup Inc.

Citigroup Inc. decreased its holdings in Payoneer Global Inc. (NASDAQ:PAYO) by 26.6% during the 3rd quarter, according to its most recent disclosure with the SEC. The firm owned 330,660 shares of the company’s stock after selling 119,965 shares during the period. Citigroup Inc. owned approximately 0.09% of Payoneer Global worth $2,000,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also made changes to their positions in the business. GSA Capital Partners LLP lifted its holdings in shares of Payoneer Global by 195.9% during the 3rd quarter. GSA Capital Partners LLP now owns 395,610 shares of the company’s stock valued at $2,393,000 after acquiring an additional 261,895 shares in the last quarter. JPMorgan Chase & Co. boosted its position in shares of Payoneer Global by 128.5% in the third quarter. JPMorgan Chase & Co. now owns 638,225 shares of the company’s stock worth $3,861,000 after buying an additional 358,922 shares during the period. Public Sector Pension Investment Board grew its stake in shares of Payoneer Global by 28.2% in the third quarter. Public Sector Pension Investment Board now owns 1,138,375 shares of the company’s stock valued at $6,887,000 after buying an additional 250,639 shares in the last quarter. Illinois Municipal Retirement Fund grew its stake in shares of Payoneer Global by 7.5% in the third quarter. Illinois Municipal Retirement Fund now owns 146,479 shares of the company’s stock valued at $886,000 after buying an additional 10,214 shares in the last quarter. Finally, Rhumbline Advisers raised its holdings in shares of Payoneer Global by 4.3% during the 3rd quarter. Rhumbline Advisers now owns 775,924 shares of the company’s stock valued at $4,694,000 after buying an additional 32,261 shares during the period. Institutional investors and hedge funds own 82.22% of the company’s stock.

Wall Street Analyst Weigh In

Several research firms recently commented on PAYO. Weiss Ratings reissued a “hold (c)” rating on shares of Payoneer Global in a research report on Thursday, January 22nd. Wall Street Zen lowered shares of Payoneer Global from a “hold” rating to a “sell” rating in a research note on Saturday. Benchmark reduced their target price on shares of Payoneer Global from $10.00 to $7.00 and set a “buy” rating on the stock in a research report on Friday. Keefe, Bruyette & Woods decreased their target price on shares of Payoneer Global from $7.50 to $7.00 and set an “outperform” rating for the company in a research note on Friday, February 27th. Finally, Needham & Company LLC lowered their price target on shares of Payoneer Global from $10.00 to $8.00 and set a “buy” rating for the company in a report on Thursday, February 26th. Seven equities research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, Payoneer Global currently has a consensus rating of “Moderate Buy” and a consensus target price of $8.00.

Payoneer Global Stock Down 3.1%

PAYO stock opened at $4.70 on Monday. The stock’s 50 day moving average is $5.51 and its two-hundred day moving average is $5.86. Payoneer Global Inc. has a 52-week low of $4.08 and a 52-week high of $7.97. The company has a market capitalization of $1.68 billion, a PE ratio of 24.74, a P/E/G ratio of 0.57 and a beta of 1.10.

Payoneer Global (NASDAQ:PAYO) last released its earnings results on Thursday, February 26th. The company reported $0.05 EPS for the quarter, missing the consensus estimate of $0.06 by ($0.01). Payoneer Global had a net margin of 6.95% and a return on equity of 10.89%. The business had revenue of $274.69 million for the quarter, compared to analysts’ expectations of $282.79 million. During the same quarter last year, the company posted $0.05 earnings per share. The business’s quarterly revenue was up 5.0% compared to the same quarter last year. As a group, sell-side analysts anticipate that Payoneer Global Inc. will post 0.34 EPS for the current year.

Payoneer Global Company Profile

Payoneer Global (NASDAQ: PAYO) operates a digital payments platform that enables businesses, marketplaces and professionals to send and receive cross-border payments. The company’s core offerings include multi-currency receiving accounts, mass payout services and working capital solutions. Through its platform, Payoneer facilitates global transactions by connecting payors and payees across a network of local bank transfers, card payouts and digital wallets, supporting the seamless movement of funds in over 150 currencies.

Founded in 2005, Payoneer has grown from a small fintech venture into a widely adopted payments infrastructure provider that serves clients in more than 200 countries and territories.