Y Intercept Hong Kong Ltd Lowers Stake in Payoneer Global Inc. $PAYO

Y Intercept Hong Kong Ltd lessened its position in Payoneer Global Inc. (NASDAQ:PAYO) by 72.4% during the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 31,091 shares of the company’s stock after selling 81,357 shares during the quarter. Y Intercept Hong Kong Ltd’s holdings in Payoneer Global were worth $150,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also added to or reduced their stakes in PAYO. Leonteq Securities AG lifted its stake in Payoneer Global by 72.0% during the first quarter. Leonteq Securities AG now owns 6,496 shares of the company’s stock worth $31,000 after purchasing an additional 2,720 shares during the last quarter. Able Wealth Management LLC purchased a new position in shares of Payoneer Global during the 1st quarter valued at about $72,000. Louisiana State Employees Retirement System purchased a new position in shares of Payoneer Global during the 1st quarter valued at about $618,000. OP Asset Management Ltd bought a new stake in Payoneer Global in the 1st quarter worth approximately $1,498,000. Finally, Hsbc Holdings PLC lifted its position in Payoneer Global by 372.8% in the 4th quarter. Hsbc Holdings PLC now owns 603,407 shares of the company’s stock worth $3,400,000 after buying an additional 475,776 shares during the last quarter. Hedge funds and other institutional investors own 82.22% of the company’s stock.

Wall Street Analysts Forecast Growth

Several analysts have issued reports on the company. Needham & Company LLC lowered Payoneer Global from a “buy” rating to a “hold” rating in a research note on Monday, June 15th. Deutsche Bank Aktiengesellschaft restated a “buy” rating and issued a $7.40 price objective on shares of Payoneer Global in a report on Tuesday, June 16th. Wall Street Zen raised shares of Payoneer Global from a “sell” rating to a “hold” rating in a research note on Saturday, May 2nd. Bank of America assumed coverage on shares of Payoneer Global in a report on Wednesday, March 25th. They set a “buy” rating and a $6.00 target price on the stock. Finally, Weiss Ratings upgraded shares of Payoneer Global from a “hold (c-)” rating to a “hold (c)” rating in a research report on Thursday, June 25th. Two investment analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Hold” and a consensus price target of $7.40.

Payoneer Global Price Performance

PAYO opened at $7.11 on Thursday. The stock’s 50 day simple moving average is $6.10 and its 200 day simple moving average is $5.53. The firm has a market cap of $2.38 billion, a price-to-earnings ratio of 35.55, a PEG ratio of 0.76 and a beta of 0.95. Payoneer Global Inc. has a 1 year low of $4.08 and a 1 year high of $7.66.

Payoneer Global (NASDAQ:PAYO) last announced its quarterly earnings data on Thursday, May 7th. The company reported $0.06 earnings per share for the quarter, beating the consensus estimate of $0.04 by $0.02. The firm had revenue of $261.60 million during the quarter, compared to the consensus estimate of $255.12 million. Payoneer Global had a return on equity of 11.10% and a net margin of 6.76%.The business’s revenue was up 6.1% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.05 earnings per share. As a group, sell-side analysts anticipate that Payoneer Global Inc. will post 0.27 EPS for the current year.

Insider Buying and Selling

In related news, CFO Beatrice Ordonez sold 25,000 shares of the company’s stock in a transaction on Monday, June 15th. The shares were sold at an average price of $7.01, for a total transaction of $175,250.00. Following the completion of the sale, the chief financial officer directly owned 2,887,266 shares in the company, valued at $20,239,734.66. This represents a 0.86% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 2.06% of the stock is owned by corporate insiders.

About Payoneer Global

Payoneer Global (NASDAQ: PAYO) operates a digital payments platform that enables businesses, marketplaces and professionals to send and receive cross-border payments. The company’s core offerings include multi-currency receiving accounts, mass payout services and working capital solutions. Through its platform, Payoneer facilitates global transactions by connecting payors and payees across a network of local bank transfers, card payouts and digital wallets, supporting the seamless movement of funds in over 150 currencies.

Founded in 2005, Payoneer has grown from a small fintech venture into a widely adopted payments infrastructure provider that serves clients in more than 200 countries and territories.