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

Payoneer Global Inc. (NASDAQ:PAYO) was the recipient of a large decline in short interest during 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 trading volume, of 3,120,000 shares, the days-to-cover ratio is currently 3.6 days. Currently, 4.2% of the company’s stock are sold short.

Payoneer Global Stock Up 3.5 %

Payoneer Global stock traded up $0.26 during midday trading on Wednesday, reaching $7.56. The company’s stock had a trading volume of 717,851 shares, compared to its average volume of 2,727,397. The business has a 50-day simple moving average of $9.64 and a 200-day simple moving average of $9.30. The company has a market cap of $2.72 billion, a P/E 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 $4.48 and a fifty-two week high of $11.29.

Payoneer Global (NASDAQ:PAYO) last issued its quarterly earnings data 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 in the prior year, the firm posted $0.05 EPS. As a group, equities analysts forecast that Payoneer Global will post 0.34 earnings per share for the current year.

Analysts Set New Price Targets

PAYO has been the topic of a number of recent research reports. Keefe, Bruyette & Woods lowered their price objective on Payoneer Global from $11.00 to $10.00 and set a “market perform” rating on the stock in a research note on Friday, February 28th. Northland Securities boosted their target price on shares of Payoneer Global from $13.00 to $14.00 and gave the company an “outperform” rating in a report on Friday, December 6th. Wolfe Research downgraded shares of Payoneer Global from an “outperform” rating to a “peer perform” rating in a report on Wednesday, January 8th. Deutsche Bank Aktiengesellschaft started coverage on Payoneer Global in a research note on Monday, February 3rd. They set a “buy” rating and a $13.00 target price for the company. Finally, Citigroup increased their price target on Payoneer Global from $14.50 to $16.50 and gave the stock a “buy” rating in a report on Tuesday, March 4th. Two investment analysts have rated the stock with a hold rating, six have assigned a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $13.07.

Insider Activity at Payoneer Global

In other news, insider Tsafi Goldman sold 96,350 shares of the firm’s stock in a transaction dated Thursday, January 2nd. The stock was sold at an average price of $10.07, for a total value of $970,244.50. Following the completion of the transaction, the insider now directly owns 741,748 shares in the company, valued at $7,469,402.36. This trade represents a 11.50 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, CFO Beatrice Ordonez sold 85,000 shares of Payoneer Global 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 transaction, the chief financial officer now owns 2,305,245 shares of the company’s stock, valued at $23,974,548. The trade was a 3.56 % decrease in their position. The disclosure for this sale can be found here. 5.57% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On Payoneer Global

Several hedge funds have recently made changes to their positions in PAYO. Robeco Institutional Asset Management B.V. purchased a new position in Payoneer Global during the 4th quarter worth $1,233,000. Y Intercept Hong Kong Ltd purchased a new stake in Payoneer Global in the 4th quarter valued at approximately $1,276,000. FMR LLC increased its position in Payoneer Global by 17.2% during the 3rd quarter. FMR LLC now owns 1,129,312 shares of the company’s stock worth $8,504,000 after purchasing an additional 165,913 shares during the period. Entropy Technologies LP purchased a new position in shares of Payoneer Global during the 4th quarter worth approximately $540,000. Finally, Allspring Global Investments Holdings LLC lifted its holdings in shares of Payoneer Global by 133.5% in the 4th quarter. Allspring Global Investments Holdings LLC now owns 97,538 shares of the company’s stock valued at $990,000 after buying an additional 55,766 shares during the period. Institutional investors and hedge funds own 82.22% of the company’s stock.

Payoneer Global Company 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.