344,913 Shares in Payoneer Global Inc. $PAYO Acquired by New York Life Investment Management LLC

New York Life Investment Management LLC bought a new stake in Payoneer Global Inc. (NASDAQ:PAYO) in the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm bought 344,913 shares of the company’s stock, valued at approximately $2,463,000.

Several other institutional investors also recently bought and sold shares of PAYO. BlackRock Inc. purchased a new position in Payoneer Global in the second quarter worth $278,076,000. Pentwater Capital Management LP purchased a new stake in shares of Payoneer Global during the 2nd quarter valued at $70,405,000. Bank of America Corp DE purchased a new stake in shares of Payoneer Global during the 2nd quarter valued at $26,398,000. Bank of New York Mellon Corp acquired a new stake in shares of Payoneer Global in the 2nd quarter worth $10,549,000. Finally, Allspring Global Investments Holdings LLC boosted its position in shares of Payoneer Global by 2,061.4% in the 1st quarter. Allspring Global Investments Holdings LLC now owns 1,013,014 shares of the company’s stock worth $4,893,000 after purchasing an additional 966,146 shares in the last quarter. 82.22% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several brokerages recently weighed in on PAYO. Weiss Ratings upgraded Payoneer Global from a “hold (c-)” rating to a “hold (c)” rating in a research note on Tuesday, September 1st. Deutsche Bank cut Payoneer Global from a “buy” rating to a “hold” rating in a research note on Friday, August 7th. One analyst has rated the stock with a Buy rating and eight have issued a Hold rating to the stock. According to MarketBeat, Payoneer Global currently has an average rating of “Hold” and an average target price of $7.46.

Payoneer Global Stock Performance

NASDAQ PAYO traded up $0.02 during mid-day trading on Friday, reaching $7.20. 1,890,977 shares of the stock were exchanged, compared to its average volume of 2,373,863. The company has a market capitalization of $2.44 billion, a P/E ratio of 51.43, a P/E/G ratio of 1.84 and a beta of 0.97. The business’s 50 day moving average is $7.14 and its 200-day moving average is $6.20. Payoneer Global Inc. has a 1 year low of $4.08 and a 1 year high of $7.22.

Payoneer Global (NASDAQ:PAYO) last issued its quarterly earnings data on Thursday, November 5th. The company reported $0.04 EPS for the quarter, missing the consensus estimate of $0.05 by ($0.01). The business had revenue of $276.94 million during the quarter, compared to analyst estimates of $271.95 million. Payoneer Global had a net margin of 4.70% and a return on equity of 9.23%. The firm’s revenue for the quarter was up 2.2% on a year-over-year basis. During the same period in the previous year, the business posted $0.04 earnings per share. Equities analysts predict that Payoneer Global Inc. will post 0.16 earnings per share for the current fiscal year.

Payoneer Global Profile

Payoneer Global provides payment and financial services to businesses and professionals engaged in international commerce. Its platform helps companies send and receive cross-border payments and manage funds in multiple currencies. The company’s services include business accounts, payment processing, withdrawals to local bank accounts, and tools for paying suppliers and contractors. Payoneer serves businesses selling through online marketplaces as well as freelancers and other service providers working with international clients.