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

Payoneer Global Inc. (NASDAQ:PAYO) was the target 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 shares of the stock are short sold.

Payoneer Global Stock Performance

Payoneer Global stock opened at $7.56 on Friday. Payoneer Global has a 1 year low of $4.60 and a 1 year high of $11.29. The firm has a 50 day moving average price of $9.54 and a 200 day moving average price of $9.28. The company has a market cap of $2.72 billion, a price-to-earnings ratio of 21.60, a PEG ratio of 2.88 and a beta of 0.97.

Payoneer Global (NASDAQ:PAYO) last announced its quarterly earnings data on Thursday, February 27th. The company reported $0.05 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.06 by ($0.01). The company had revenue of $261.74 million for the quarter, compared to analysts’ expectations of $242.14 million. Payoneer Global had a net margin of 13.82% and a return on equity of 17.78%. During the same period in the prior year, the firm earned $0.05 earnings per share. Sell-side analysts predict that Payoneer Global will post 0.34 EPS for the current year.

Analyst Upgrades and Downgrades

Several research analysts recently weighed in on PAYO shares. 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 research note on Friday, December 6th. Wolfe Research lowered shares of Payoneer Global from an “outperform” rating to a “peer perform” rating in a research report on Wednesday, January 8th. Keefe, Bruyette & Woods decreased their target price on shares of Payoneer Global from $11.00 to $10.00 and set a “market perform” rating on the stock in a research report on Friday, February 28th. Deutsche Bank Aktiengesellschaft assumed coverage on shares of Payoneer Global in a research note on Monday, February 3rd. They issued 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 research note on Tuesday, March 4th. Two research analysts have rated the stock with a hold rating, six have issued a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $13.07.

Insider Transactions at Payoneer Global

In other Payoneer Global news, insider Tsafi Goldman sold 96,350 shares of the firm’s stock in a transaction on Thursday, January 2nd. The stock was sold at an average price of $10.07, for a total transaction of $970,244.50. Following the completion of the transaction, the insider now owns 741,748 shares of the company’s stock, valued at approximately $7,469,402.36. This trade represents a 11.50 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, CFO Beatrice Ordonez sold 85,000 shares of the business’s stock in a transaction on Tuesday, January 21st. The stock was sold at an average price of $10.40, for a total value of $884,000.00. Following the completion of the transaction, the chief financial officer now directly owns 2,305,245 shares of the company’s stock, valued at approximately $23,974,548. This trade represents a 3.56 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 5.57% of the company’s stock.

Institutional Investors Weigh In On Payoneer Global

A number of institutional investors have recently added to or reduced their stakes in the company. Susquehanna Capital Management LLC grew its stake in Payoneer Global by 290.3% during the fourth quarter. Susquehanna Capital Management LLC now owns 25,268,954 shares of the company’s stock worth $253,700,000 after buying an additional 18,794,047 shares during the period. Price T Rowe Associates Inc. MD lifted its holdings in shares of Payoneer Global by 5.3% during the 4th quarter. Price T Rowe Associates Inc. MD now owns 8,709,989 shares of the company’s stock valued at $87,450,000 after acquiring an additional 440,231 shares in the last quarter. American Century Companies Inc. lifted its holdings in shares of Payoneer Global by 24.8% during the 4th quarter. American Century Companies Inc. now owns 8,166,652 shares of the company’s stock valued at $81,993,000 after acquiring an additional 1,624,948 shares in the last quarter. Geode Capital Management LLC boosted its position in Payoneer Global by 2.4% during the 4th quarter. Geode Capital Management LLC now owns 6,777,377 shares of the company’s stock worth $68,059,000 after purchasing an additional 156,252 shares during the period. Finally, Millennium Management LLC increased its holdings in Payoneer Global by 0.3% in the 4th quarter. Millennium Management LLC now owns 6,523,595 shares of the company’s stock valued at $65,497,000 after purchasing an additional 21,149 shares in the last quarter. Hedge funds and other institutional investors own 82.22% of the company’s stock.

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.