Payoneer Global Inc. (NASDAQ:PAYO) Short Interest Down 24.2% in August

Payoneer Global Inc. (NASDAQ:PAYO) saw a large decrease in short interest during the month of August. As of August 15th, there was short interest totaling 8,170,000 shares, adecreaseof24.2% from the July 31st total of 10,780,000 shares. Based on an average daily volume of 2,940,000 shares, the days-to-cover ratio is currently 2.8 days. Approximately3.0% of the company’s stock are sold short. Approximately3.0% of the company’s stock are sold short. Based on an average daily volume of 2,940,000 shares, the days-to-cover ratio is currently 2.8 days.

Payoneer Global Trading Up 1.7%

NASDAQ:PAYO opened at $6.76 on Tuesday. The firm has a market capitalization of $2.44 billion, a PE ratio of 26.00, a PEG ratio of 8.75 and a beta of 0.98. The firm’s fifty day simple moving average is $6.77 and its 200 day simple moving average is $6.97. Payoneer Global has a 1 year low of $5.71 and a 1 year high of $11.29.

Payoneer Global (NASDAQ:PAYO) last posted its quarterly earnings results on Wednesday, August 6th. 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 $260.61 million during the quarter, compared to analyst estimates of $253.17 million. Payoneer Global had a return on equity of 13.42% and a net margin of 9.81%.The business’s revenue for the quarter was up 8.8% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.09 earnings per share. As a group, analysts anticipate that Payoneer Global will post 0.34 EPS for the current fiscal year.

Institutional Trading of Payoneer Global

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Farther Finance Advisors LLC acquired a new stake in Payoneer Global in the 1st quarter worth $25,000. Osaic Holdings Inc. grew its position in Payoneer Global by 246.5% in the 2nd quarter. Osaic Holdings Inc. now owns 4,636 shares of the company’s stock worth $33,000 after purchasing an additional 3,298 shares during the last quarter. BI Asset Management Fondsmaeglerselskab A S acquired a new stake in Payoneer Global in the 1st quarter worth $34,000. Versant Capital Management Inc grew its position in Payoneer Global by 420.6% in the 1st quarter. Versant Capital Management Inc now owns 5,034 shares of the company’s stock worth $37,000 after purchasing an additional 4,067 shares during the last quarter. Finally, IFP Advisors Inc grew its position in Payoneer Global by 47,800.0% in the 1st quarter. IFP Advisors Inc now owns 6,227 shares of the company’s stock worth $46,000 after purchasing an additional 6,214 shares during the last quarter. 82.22% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of research analysts recently issued reports on the stock. Keefe, Bruyette & Woods upgraded shares of Payoneer Global from a “market perform” rating to an “outperform” rating and raised their target price for the company from $7.00 to $9.00 in a research note on Tuesday, May 13th. Deutsche Bank Aktiengesellschaft assumed coverage on shares of Payoneer Global in a research note on Thursday, July 17th. They issued a “buy” rating and a $8.00 target price 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. Needham & Company LLC raised their target price on shares of Payoneer Global from $8.00 to $10.00 and gave the company a “buy” rating in a research note on Wednesday, August 6th. Finally, Jefferies Financial Group raised their target price on shares of Payoneer Global from $8.00 to $8.50 and gave the company a “buy” rating in a research note on Tuesday, May 27th. Eight equities research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price 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.