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

Payoneer Global Inc. (NASDAQ:PAYO) was the recipient of a large drop in short interest in March. As of March 13th, there was short interest totaling 11,214,537 shares, a drop of 18.0% from the February 26th total of 13,670,906 shares. Based on an average daily volume of 4,694,280 shares, the short-interest ratio is currently 2.4 days. Approximately 3.3% of the shares of the stock are sold short.

Institutional Inflows and Outflows

Hedge funds have recently bought and sold shares of the business. Osaic Holdings Inc. grew its position in shares of Payoneer Global by 246.5% in the second quarter. Osaic Holdings Inc. now owns 4,636 shares of the company’s stock valued at $33,000 after purchasing an additional 3,298 shares in the last quarter. CWM LLC lifted its position in Payoneer Global by 178.6% during the fourth quarter. CWM LLC now owns 9,384 shares of the company’s stock valued at $53,000 after purchasing an additional 6,016 shares during the period. Vident Advisory LLC purchased a new position in shares of Payoneer Global during the 4th quarter valued at $58,000. Empowered Funds LLC purchased a new position in Payoneer Global in the fourth quarter worth about $63,000. Finally, Quarry LP grew its stake in Payoneer Global by 9,273.2% in the third quarter. Quarry LP now owns 10,498 shares of the company’s stock worth $64,000 after purchasing an additional 10,386 shares in the last quarter. 82.22% of the stock is currently owned by hedge funds and other institutional investors.

Payoneer Global Trading Up 0.7%

Payoneer Global stock traded up $0.04 during midday trading on Monday, hitting $4.82. The stock had a trading volume of 555,477 shares, compared to its average volume of 4,490,078. The stock has a market cap of $1.66 billion, a P/E ratio of 25.34, a P/E/G ratio of 0.60 and a beta of 1.10. The business has a fifty day moving average price of $5.27 and a 200 day moving average price of $5.64. Payoneer Global has a 12 month low of $4.08 and a 12 month high of $7.66.

Payoneer Global (NASDAQ:PAYO) last issued its quarterly earnings data on Thursday, February 26th. 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 10.89% and a net margin of 6.95%.The firm had revenue of $274.69 million for the quarter, compared to the consensus estimate of $282.79 million. During the same period in the prior year, the company posted $0.05 earnings per share. Payoneer Global’s quarterly revenue was up 5.0% compared to the same quarter last year. On average, equities analysts anticipate that Payoneer Global will post 0.34 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of research analysts have recently weighed in on PAYO shares. Weiss Ratings restated a “hold (c)” rating on shares of Payoneer Global in a research report on Thursday, January 22nd. Keefe, Bruyette & Woods cut 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 report on Friday, February 27th. Bank of America started coverage on shares of Payoneer Global in a report on Wednesday, March 25th. They issued a “buy” rating and a $6.00 price target on the stock. Wall Street Zen downgraded Payoneer Global from a “hold” rating to a “sell” rating in a research report on Saturday. Finally, Needham & Company LLC lowered their target price on Payoneer Global from $10.00 to $8.00 and set a “buy” rating on the stock in a report on Thursday, February 26th. Eight analysts have rated the stock with a Buy rating and one has given a Hold rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $7.75.

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.