Allianz Asset Management GmbH Has $6.43 Million Position in Payoneer Global Inc. $PAYO

Allianz Asset Management GmbH lowered its position in Payoneer Global Inc. (NASDAQ:PAYO) by 35.6% in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 938,112 shares of the company’s stock after selling 517,454 shares during the quarter. Allianz Asset Management GmbH owned 0.26% of Payoneer Global worth $6,426,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds also recently made changes to their positions in the company. Farther Finance Advisors LLC acquired a new position in shares of Payoneer Global in the first quarter valued at approximately $25,000. BI Asset Management Fondsmaeglerselskab A S acquired a new position in shares of Payoneer Global in the first quarter valued at approximately $34,000. IFP Advisors Inc increased its stake in shares of Payoneer Global by 47,800.0% in the first quarter. IFP Advisors Inc now owns 6,227 shares of the company’s stock valued at $46,000 after buying an additional 6,214 shares during the period. Mirae Asset Global Investments Co. Ltd. increased its stake in shares of Payoneer Global by 559.9% in the first quarter. Mirae Asset Global Investments Co. Ltd. now owns 8,480 shares of the company’s stock valued at $62,000 after buying an additional 7,195 shares during the period. Finally, Advisors Asset Management Inc. increased its stake in shares of Payoneer Global by 35.9% in the first quarter. Advisors Asset Management Inc. now owns 11,597 shares of the company’s stock valued at $85,000 after buying an additional 3,066 shares during the period. Institutional investors and hedge funds own 82.22% of the company’s stock.

Payoneer Global Stock Performance

Payoneer Global stock opened at $6.00 on Thursday. The stock has a market capitalization of $2.16 billion, a price-to-earnings ratio of 23.08, a PEG ratio of 7.59 and a beta of 0.95. Payoneer Global Inc. has a 52-week low of $5.66 and a 52-week high of $11.29. The stock’s 50 day moving average price is $6.44 and its two-hundred day moving average price is $6.64.

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

Analyst Ratings Changes

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

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.