Y Intercept Hong Kong Ltd Buys 202,712 Shares of Payoneer Global Inc. $PAYO

Y Intercept Hong Kong Ltd raised its stake in Payoneer Global Inc. (NASDAQ:PAYO) by 1,007.0% in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 222,842 shares of the company’s stock after buying an additional 202,712 shares during the period. Y Intercept Hong Kong Ltd owned about 0.06% of Payoneer Global worth $1,526,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors have also modified their holdings of PAYO. BI Asset Management Fondsmaeglerselskab A S purchased a new stake in shares of Payoneer Global in the first quarter valued at approximately $34,000. IFP Advisors Inc lifted its holdings in shares of Payoneer Global by 47,800.0% in the 1st quarter. IFP Advisors Inc now owns 6,227 shares of the company’s stock worth $46,000 after buying an additional 6,214 shares during the period. Mirae Asset Global Investments Co. Ltd. grew its position in shares of Payoneer Global by 559.9% during the 1st quarter. Mirae Asset Global Investments Co. Ltd. now owns 8,480 shares of the company’s stock worth $62,000 after buying an additional 7,195 shares in the last quarter. Advisors Asset Management Inc. increased its stake in shares of Payoneer Global by 35.9% during 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. Finally, Cerity Partners LLC purchased a new position in shares of Payoneer Global during the first quarter valued at $96,000. 82.22% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

PAYO has been the topic of several recent research reports. Deutsche Bank Aktiengesellschaft initiated coverage on shares of Payoneer Global in a report on Thursday, July 17th. They set a “buy” rating and a $8.00 target price on the stock. Needham & Company LLC reiterated a “buy” rating and set 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 note on Wednesday, October 8th. Finally, Wall Street Zen lowered Payoneer Global from a “hold” rating to a “sell” rating in a report on Saturday, October 18th. Eight investment analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $10.06.

Payoneer Global Stock Up 0.7%

NASDAQ PAYO opened at $5.79 on Friday. The firm has a market cap of $2.09 billion, a PE ratio of 22.27, a price-to-earnings-growth ratio of 7.29 and a beta of 0.95. The company has a 50 day moving average price of $6.33 and a 200 day moving average price of $6.63. Payoneer Global Inc. has a 52 week low of $5.66 and a 52 week high of $11.29.

Payoneer Global (NASDAQ:PAYO) last announced its earnings results on Wednesday, August 6th. 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 net margin of 9.81% and a return on equity of 13.42%. The firm had revenue of $260.61 million during the quarter, compared to analyst estimates of $253.17 million. During the same quarter last year, the business earned $0.09 earnings per share. Payoneer Global’s revenue was up 8.8% on a year-over-year basis. On average, equities research analysts anticipate that Payoneer Global Inc. will post 0.34 earnings per share for the current fiscal year.

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.