Y Intercept Hong Kong Ltd Trims Holdings in Payoneer Global Inc. $PAYO

Y Intercept Hong Kong Ltd decreased its holdings in shares of Payoneer Global Inc. (NASDAQ:PAYO) by 72.4% in the first quarter, HoldingsChannel reports. The firm owned 31,091 shares of the company’s stock after selling 81,357 shares during the quarter. Y Intercept Hong Kong Ltd’s holdings in Payoneer Global were worth $150,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also bought and sold shares of the business. Leonteq Securities AG grew its position in shares of Payoneer Global by 72.0% in the 1st quarter. Leonteq Securities AG now owns 6,496 shares of the company’s stock worth $31,000 after buying an additional 2,720 shares during the last quarter. Able Wealth Management LLC purchased a new position in shares of Payoneer Global during the first quarter valued at approximately $72,000. Louisiana State Employees Retirement System bought a new position in shares of Payoneer Global during the first quarter valued at approximately $618,000. OP Asset Management Ltd bought a new position in shares of Payoneer Global during the first quarter valued at approximately $1,498,000. Finally, Hsbc Holdings PLC lifted its stake in Payoneer Global by 372.8% in the fourth quarter. Hsbc Holdings PLC now owns 603,407 shares of the company’s stock worth $3,400,000 after acquiring an additional 475,776 shares during the period. Hedge funds and other institutional investors own 82.22% of the company’s stock.

Insider Activity at Payoneer Global

In other news, CFO Beatrice Ordonez sold 25,000 shares of the company’s stock in a transaction dated Monday, June 15th. The shares were sold at an average price of $7.01, for a total value of $175,250.00. Following the sale, the chief financial officer directly owned 2,887,266 shares of the company’s stock, valued at $20,239,734.66. This represents a 0.86% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Company insiders own 2.06% of the company’s stock.

Payoneer Global Stock Up 0.1%

PAYO opened at $7.11 on Thursday. Payoneer Global Inc. has a 52 week low of $4.08 and a 52 week high of $7.66. The stock has a market cap of $2.38 billion, a PE ratio of 35.55, a PEG ratio of 0.76 and a beta of 0.95. The business has a 50 day moving average of $6.10 and a 200-day moving average of $5.53.

Payoneer Global (NASDAQ:PAYO) last issued its quarterly earnings results on Thursday, May 7th. The company reported $0.06 earnings per share for the quarter, topping the consensus estimate of $0.04 by $0.02. The company had revenue of $261.60 million for the quarter, compared to analysts’ expectations of $255.12 million. Payoneer Global had a return on equity of 11.10% and a net margin of 6.76%.The firm’s revenue for the quarter was up 6.1% on a year-over-year basis. During the same period in the prior year, the firm earned $0.05 earnings per share. Equities analysts anticipate that Payoneer Global Inc. will post 0.27 EPS for the current year.

Analysts Set New Price Targets

Several analysts recently weighed in on PAYO shares. Needham & Company LLC cut shares of Payoneer Global from a “buy” rating to a “hold” rating in a report on Monday, June 15th. Benchmark lowered shares of Payoneer Global from a “buy” rating to a “hold” rating in a report on Thursday, June 18th. Weiss Ratings raised shares of Payoneer Global from a “hold (c-)” rating to a “hold (c)” rating in a research report on Thursday, June 25th. Citigroup lowered shares of Payoneer Global from a “buy” rating to a “neutral” rating and cut their target price for the company from $10.00 to $7.40 in a research note on Tuesday, June 16th. Finally, Bank of America assumed coverage on shares of Payoneer Global in a research report on Wednesday, March 25th. They set a “buy” rating and a $6.00 price target on the stock. Two equities research analysts have rated the stock with a Buy rating and seven have given a Hold rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and an average price target of $7.40.

Payoneer Global 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.