MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. Increases Stock Holdings in Payoneer Global Inc. (NASDAQ:PAYO)

MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its position in shares of Payoneer Global Inc. (NASDAQ:PAYO) by 5.4% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 445,474 shares of the company’s stock after acquiring an additional 22,668 shares during the quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd.’s holdings in Payoneer Global were worth $4,473,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently bought and sold shares of PAYO. Susquehanna Capital Management LLC boosted its stake in shares of Payoneer Global by 290.3% in the 4th quarter. Susquehanna Capital Management LLC now owns 25,268,954 shares of the company’s stock valued at $253,700,000 after buying an additional 18,794,047 shares during the period. Arrowstreet Capital Limited Partnership boosted its stake in shares of Payoneer Global by 200.0% in the 4th quarter. Arrowstreet Capital Limited Partnership now owns 3,470,347 shares of the company’s stock valued at $34,842,000 after buying an additional 2,313,481 shares during the period. Deutsche Bank AG boosted its stake in shares of Payoneer Global by 252.8% in the 4th quarter. Deutsche Bank AG now owns 2,779,110 shares of the company’s stock valued at $27,902,000 after buying an additional 1,991,449 shares during the period. Driehaus Capital Management LLC purchased a new position in shares of Payoneer Global in the 4th quarter valued at about $19,305,000. Finally, D. E. Shaw & Co. Inc. boosted its stake in shares of Payoneer Global by 1,065.1% in the 4th quarter. D. E. Shaw & Co. Inc. now owns 2,081,589 shares of the company’s stock valued at $20,899,000 after buying an additional 1,902,925 shares during the period. 82.22% of the stock is currently owned by hedge funds and other institutional investors.

Payoneer Global Price Performance

Payoneer Global stock opened at $7.21 on Monday. Payoneer Global Inc. has a 1-year low of $5.03 and a 1-year high of $11.29. The company has a market cap of $2.59 billion, a PE ratio of 20.60, a price-to-earnings-growth ratio of 2.88 and a beta of 1.03. The stock’s 50 day moving average price is $6.91 and its 200 day moving average price is $9.01.

Payoneer Global (NASDAQ:PAYO) last posted its quarterly earnings results on Wednesday, May 7th. The company reported $0.05 earnings per share for the quarter, missing analysts’ consensus estimates of $0.07 by ($0.02). Payoneer Global had a net margin of 13.82% and a return on equity of 17.78%. The business had revenue of $246.62 million during the quarter, compared to analysts’ expectations of $244.52 million. During the same quarter last year, the firm earned $0.08 earnings per share. The firm’s quarterly revenue was up 8.1% compared to the same quarter last year. On average, equities research analysts anticipate that Payoneer Global Inc. will post 0.34 EPS for the current fiscal year.

Analyst Ratings Changes

Several equities analysts have recently issued reports on PAYO shares. Citigroup lifted their price objective on Payoneer Global from $14.50 to $16.50 and gave the company a “buy” rating in a research note on Tuesday, March 4th. Deutsche Bank Aktiengesellschaft assumed 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. Needham & Company LLC cut their price target on Payoneer Global from $14.00 to $8.00 and set a “buy” rating on the stock in a research report on Thursday, May 8th. The Goldman Sachs Group cut their price target on Payoneer Global from $11.00 to $9.00 and set a “buy” rating on the stock in a research report on Wednesday, April 2nd. Finally, Keefe, Bruyette & Woods raised Payoneer Global from a “market perform” rating to an “outperform” rating and lifted their price target for the stock from $7.00 to $9.00 in a research report on Tuesday, May 13th. One research analyst has rated the stock with a hold rating, seven have issued a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Buy” and an average price target of $11.64.

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.