Payoneer Global Inc. (NASDAQ:PAYO) Short Interest Update

Payoneer Global Inc. (NASDAQ:PAYO) was the recipient of a significant decline in short interest in the month of February. As of February 28th, there was short interest totalling 11,290,000 shares, a decline of 13.4% from the February 13th total of 13,030,000 shares. Based on an average daily volume of 3,120,000 shares, the short-interest ratio is currently 3.6 days. Currently, 4.2% of the company’s shares are short sold.

Insider Transactions at Payoneer Global

In related news, insider Tsafi Goldman sold 96,350 shares of the company’s stock in a transaction dated Thursday, January 2nd. The stock was sold at an average price of $10.07, for a total transaction of $970,244.50. Following the transaction, the insider now directly owns 741,748 shares of the company’s stock, valued at $7,469,402.36. This represents a 11.50 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this link. Also, CFO Beatrice Ordonez sold 85,000 shares of the stock in a transaction dated Tuesday, January 21st. The shares were sold at an average price of $10.40, for a total value of $884,000.00. Following the completion of the sale, the chief financial officer now owns 2,305,245 shares of the company’s stock, valued at approximately $23,974,548. This trade represents a 3.56 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 5.57% of the company’s stock.

Institutional Inflows and Outflows

Hedge funds have recently made changes to their positions in the business. Quarry LP acquired a new stake in Payoneer Global during the 4th quarter worth $29,000. Smartleaf Asset Management LLC increased its position in shares of Payoneer Global by 405.8% during the fourth quarter. Smartleaf Asset Management LLC now owns 3,819 shares of the company’s stock worth $38,000 after purchasing an additional 3,064 shares in the last quarter. Fifth Third Bancorp lifted its holdings in shares of Payoneer Global by 29.3% in the 4th quarter. Fifth Third Bancorp now owns 4,488 shares of the company’s stock valued at $45,000 after purchasing an additional 1,016 shares during the last quarter. Blue Trust Inc. boosted its position in shares of Payoneer Global by 21.2% in the 4th quarter. Blue Trust Inc. now owns 5,380 shares of the company’s stock valued at $54,000 after purchasing an additional 940 shares during the period. Finally, GAMMA Investing LLC grew its stake in Payoneer Global by 41.7% during the 4th quarter. GAMMA Investing LLC now owns 8,241 shares of the company’s stock worth $83,000 after buying an additional 2,425 shares during the last quarter. Hedge funds and other institutional investors own 82.22% of the company’s stock.

Wall Street Analyst Weigh In

A number of research analysts have recently weighed in on PAYO shares. Keefe, Bruyette & Woods reduced their target price on shares of Payoneer Global from $11.00 to $10.00 and set a “market perform” rating for the company in a report on Friday, February 28th. Northland Securities upped their target price on Payoneer Global from $13.00 to $14.00 and gave the stock an “outperform” rating in a research note on Friday, December 6th. Deutsche Bank Aktiengesellschaft started coverage on Payoneer Global in a report on Monday, February 3rd. They set a “buy” rating and a $13.00 target price on the stock. Citigroup upped their price objective on Payoneer Global from $14.50 to $16.50 and gave the stock a “buy” rating in a research report on Tuesday, March 4th. Finally, Wolfe Research cut shares of Payoneer Global from an “outperform” rating to a “peer perform” rating in a research note on Wednesday, January 8th. Two analysts have rated the stock with a hold rating, six have issued a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $13.07.

Payoneer Global Trading Down 1.0 %

PAYO traded down $0.08 on Thursday, hitting $7.56. 652,387 shares of the company’s stock were exchanged, compared to its average volume of 2,725,403. The firm has a 50-day moving average price of $9.59 and a 200-day moving average price of $9.29. The stock has a market cap of $2.72 billion, a price-to-earnings ratio of 21.59, a P/E/G ratio of 2.88 and a beta of 0.97. Payoneer Global has a fifty-two week low of $4.56 and a fifty-two week high of $11.29.

Payoneer Global (NASDAQ:PAYO) last issued its quarterly earnings results on Thursday, February 27th. 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 17.78% and a net margin of 13.82%. The company had revenue of $261.74 million for the quarter, compared to analysts’ expectations of $242.14 million. During the same quarter last year, the company earned $0.05 EPS. On average, equities analysts predict that Payoneer Global will post 0.34 EPS for the current year.

About Payoneer Global

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.