Moors & Cabot Inc. lessened its position in Payoneer Global Inc. (NASDAQ:PAYO – Free Report) by 11.1% during the second quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 31,925 shares of the company’s stock after selling 4,000 shares during the quarter. Moors & Cabot Inc.’s holdings in Payoneer Global were worth $154,000 as of its most recent filing with the SEC.
Other hedge funds and other institutional investors have also bought and sold shares of the company. Mirae Asset Global Investments Co. Ltd. raised its position in Payoneer Global by 2.5% in the 1st quarter. Mirae Asset Global Investments Co. Ltd. now owns 563,610 shares of the company’s stock valued at $3,539,000 after buying an additional 13,496 shares during the last quarter. Strs Ohio increased its position in shares of Payoneer Global by 8.4% during the 2nd quarter. Strs Ohio now owns 133,000 shares of the company’s stock worth $639,000 after purchasing an additional 10,300 shares during the last quarter. ExodusPoint Capital Management LP increased its position in shares of Payoneer Global by 215.0% during the 1st quarter. ExodusPoint Capital Management LP now owns 312,289 shares of the company’s stock worth $1,961,000 after purchasing an additional 213,152 shares during the last quarter. Arizona State Retirement System increased its position in shares of Payoneer Global by 14.4% during the 2nd quarter. Arizona State Retirement System now owns 69,673 shares of the company’s stock worth $335,000 after purchasing an additional 8,791 shares during the last quarter. Finally, American International Group Inc. increased its position in shares of Payoneer Global by 16.7% during the 2nd quarter. American International Group Inc. now owns 139,013 shares of the company’s stock worth $669,000 after purchasing an additional 19,925 shares during the last quarter. Institutional investors and hedge funds own 82.92% of the company’s stock.
Payoneer Global Stock Down 0.5 %
PAYO stock opened at $5.44 on Tuesday. Payoneer Global Inc. has a twelve month low of $4.02 and a twelve month high of $7.05. The company has a quick ratio of 1.10, a current ratio of 1.10 and a debt-to-equity ratio of 0.02. The stock’s 50 day moving average is $5.86 and its 200-day moving average is $5.37. The firm has a market capitalization of $1.97 billion, a PE ratio of 38.86 and a beta of 0.96.
Analyst Upgrades and Downgrades
PAYO has been the topic of several recent analyst reports. Citigroup boosted their price target on Payoneer Global from $9.00 to $10.00 in a research report on Wednesday, August 9th. Cantor Fitzgerald reaffirmed an “overweight” rating and issued a $8.00 target price on shares of Payoneer Global in a report on Friday, September 22nd. TheStreet raised Payoneer Global from a “d” rating to a “c” rating in a research note on Wednesday, November 1st. The Goldman Sachs Group increased their price target on Payoneer Global from $7.00 to $8.00 and gave the company a “buy” rating in a research note on Friday, September 22nd. Finally, Needham & Company LLC cut their target price on Payoneer Global from $10.00 to $8.00 and set a “buy” rating on the stock in a research report on Thursday, November 9th. Seven equities research analysts have rated the stock with a buy rating, According to data from MarketBeat, the stock currently has an average rating of “Buy” and a consensus price target of $7.86.
About Payoneer Global
Payoneer Global Inc operates a payment and commerce-enabling platform worldwide. It delivers a suite of services that includes cross-border payments, B2B accounts payable/accounts receivable, multi-currency account, physical and virtual Mastercard cards, working capital, merchant, tax, compliance and risk, and others.
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