Voleon Capital Management LP Sells 88,051 Shares of Payoneer Global Inc. $PAYO

Voleon Capital Management LP cut its position in Payoneer Global Inc. (NASDAQ:PAYO) by 43.0% in the 1st quarter, according to its most recent disclosure with the SEC. The fund owned 116,827 shares of the company’s stock after selling 88,051 shares during the period. Voleon Capital Management LP’s holdings in Payoneer Global were worth $854,000 as of its most recent SEC filing.

A number of other institutional investors have also recently made changes to their positions in the company. Bank of America Corp DE increased its position in shares of Payoneer Global by 34.0% during the fourth quarter. Bank of America Corp DE now owns 2,508,530 shares of the company’s stock valued at $25,186,000 after acquiring an additional 636,473 shares in the last quarter. Deutsche Bank AG boosted its stake in Payoneer Global by 252.8% during the 4th quarter. Deutsche Bank AG now owns 2,779,110 shares of the company’s stock valued at $27,902,000 after purchasing an additional 1,991,449 shares during the last quarter. Graham Capital Management L.P. increased its holdings in shares of Payoneer Global by 92.6% in the 4th quarter. Graham Capital Management L.P. now owns 51,285 shares of the company’s stock worth $515,000 after purchasing an additional 24,664 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its stake in shares of Payoneer Global by 5.4% in the fourth quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 445,474 shares of the company’s stock worth $4,473,000 after purchasing an additional 22,668 shares during the last quarter. Finally, Millennium Management LLC lifted its holdings in shares of Payoneer Global by 0.3% during the fourth 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.

Payoneer Global Stock Up 0.7%

Payoneer Global stock opened at $6.81 on Wednesday. Payoneer Global Inc. has a 52-week low of $5.71 and a 52-week high of $11.29. The company has a market cap of $2.45 billion, a P/E ratio of 26.19, a P/E/G ratio of 8.90 and a beta of 0.98. The business has a 50-day simple moving average of $6.77 and a two-hundred day simple moving average of $6.97.

Payoneer Global (NASDAQ:PAYO) last posted its quarterly earnings data on Wednesday, August 6th. The company reported $0.05 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.06 by ($0.01). Payoneer Global had a return on equity of 13.42% and a net margin of 9.81%.The business had revenue of $260.61 million during the quarter, compared to analysts’ expectations of $253.17 million. During the same period in the previous year, the business posted $0.09 EPS. The business’s quarterly revenue was up 8.8% compared to the same quarter last year. Research analysts anticipate that Payoneer Global Inc. will post 0.34 EPS for the current fiscal year.

Analysts Set New Price Targets

Several equities research analysts recently commented on PAYO shares. Jefferies Financial Group increased their price objective on Payoneer Global from $8.00 to $8.50 and gave the company a “buy” rating in a research report on Tuesday, May 27th. Deutsche Bank Aktiengesellschaft initiated coverage on shares of Payoneer Global in a report on Thursday, July 17th. They set a “buy” rating and a $8.00 price target on the stock. Wall Street Zen lowered shares of Payoneer Global from a “hold” rating to a “sell” rating in a research note on Tuesday. Citigroup reissued a “buy” rating and set a $10.00 price objective (down from $13.00) on shares of Payoneer Global in a report on Thursday, May 22nd. Finally, Keefe, Bruyette & Woods upgraded shares of Payoneer Global from a “market perform” rating to an “outperform” rating and raised their target price for the stock from $7.00 to $9.00 in a report on Tuesday, May 13th. Eight research analysts have rated the stock with a Buy rating and one has given a Hold rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $10.06.

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.