Virginia Retirement Systems ET AL acquired a new position in Payoneer Global Inc. (NASDAQ: PAYO – Get a rating) in Q1, according to its most recent 13F filing with the Securities & Exchange Commission. The company acquired 23,200 shares of the company, valued at approximately $103,000.
A number of other institutional investors and hedge funds have also recently changed their holdings in PAYO. Tuttle Capital Management LLC bought a new stake in Payoneer Global in the fourth quarter worth approximately $158,000. Parallel Advisors LLC purchased a new stock position in Payoneer Global during the fourth quarter, valued at approximately $13,116,000. Van ECK Associates Corp bought a new position in shares of Payoneer Global during the fourth quarter worth approximately $463,000. New Jersey State Joint Pension Fund D bought a new position in Payoneer Global stock during the fourth quarter, valued at around $2,400,000. Finally, Qube Research & Technologies Ltd bought a new position in shares of Payoneer Global during the fourth quarter, valued at approximately $596,000. Institutional investors and hedge funds own 66.30% of the company’s shares.
Shares of PAYMENT opened at $4.50 on Wednesday. The company has a market capitalization of $1.54 billion, a P/E ratio of -7.14 and a beta of 0.82. The company has a quick ratio of 1.10, a current ratio of 1.10 and a leverage ratio of 0.03. The company has a 50-day moving average of $4.46 and a 200-day moving average of $4.82. Payoneer Global Inc. has a 12-month low of $3.33 and a 12-month high of $10.84.
Global Payoneer (NASDAQ: PAYO – Get a rating) last reported results on Thursday, May 12. The company reported ($0.03) EPS for the quarter, beating analyst consensus estimates of ($0.05) by $0.02. Payoneer Global had a negative net margin of 2.01% and a negative return on equity of 14.21%. The company posted revenue of $136.96 million in the quarter, versus a consensus estimate of $121.19 million. During the same quarter of the previous year, the company posted EPS ($0.31). The company’s revenue increased 36.1% year over year. On average, sell-side analysts expect Payoneer Global Inc. to post -0.14 EPS for the current year.
Several research companies have recently published reports on PAYO. Citigroup raised its price target on shares of Payoneer Global from $6.50 to $7.50 in a Friday, May 13 report. Northland Securities lowered its target price on shares of Payoneer Global from $14.00 to $9.00 in a Friday, May 13 report. One research analyst gave the stock a hold rating and five gave the company’s stock a buy rating. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $10.33.
Payoneer Global Profile (Get a rating)
Payoneer Global Inc operates a payment and commerce platform that facilitates online marketplaces, platforms and merchants worldwide. It offers a suite of services that includes cross-border payments, B2B accounts payable/receivable, multi-currency accounts, physical and virtual Mastercard, working capital, merchant, tax, compliance and risk, and more.
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