Hsbc Holdings PLC Takes $2.34 Million Position in Payoneer Global Inc. $PAYO

Hsbc Holdings PLC purchased a new stake in Payoneer Global Inc. (NASDAQ:PAYO) in the 2nd quarter, according to the company in its most recent filing with the SEC. The institutional investor purchased 330,300 shares of the company’s stock, valued at approximately $2,340,000.

A number of other large investors have also recently bought and sold shares of the business. Leonteq Securities AG grew its position in Payoneer Global by 72.0% during the 1st 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. Osaic Holdings Inc. raised its holdings in shares of Payoneer Global by 246.5% in the second quarter. Osaic Holdings Inc. now owns 4,636 shares of the company’s stock valued at $33,000 after buying an additional 3,298 shares during the last quarter. GAMMA Investing LLC boosted its stake in shares of Payoneer Global by 73.8% during the second quarter. GAMMA Investing LLC now owns 5,777 shares of the company’s stock worth $41,000 after buying an additional 2,453 shares during the period. Resonant Capital Advisors LLC acquired a new stake in shares of Payoneer Global during the first quarter worth about $49,000. Finally, CWM LLC grew its holdings in shares of Payoneer Global by 178.6% during the fourth quarter. CWM LLC now owns 9,384 shares of the company’s stock worth $53,000 after buying an additional 6,016 shares during the last quarter. Institutional investors and hedge funds own 82.22% of the company’s stock.

Payoneer Global Price Performance

Shares of NASDAQ:PAYO opened at $7.11 on Monday. The company has a market cap of $2.41 billion, a price-to-earnings ratio of 50.79, a PEG ratio of 1.49 and a beta of 0.96. The firm’s 50-day simple moving average is $7.11 and its 200-day simple moving average is $5.84. Payoneer Global Inc. has a fifty-two week low of $4.08 and a fifty-two week high of $7.18.

Payoneer Global (NASDAQ:PAYO) last posted its quarterly earnings results on Thursday, August 6th. The company reported ($0.01) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.06 by ($0.07). The firm had revenue of $274.26 million for the quarter, compared to analysts’ expectations of $270.98 million. Payoneer Global had a return on equity of 9.97% and a net margin of 4.65%.The company’s revenue for the quarter was up 5.2% on a year-over-year basis. During the same period in the prior year, the company earned $0.05 earnings per share. On average, research analysts forecast that Payoneer Global Inc. will post 0.2 EPS for the current year.

Insider Transactions at Payoneer Global

In other Payoneer Global news, CFO Beatrice Ordonez sold 25,000 shares of the business’s stock in a transaction that occurred on Monday, June 15th. The stock was sold at an average price of $7.01, for a total transaction of $175,250.00. Following the transaction, the chief financial officer owned 2,887,266 shares in the company, valued at approximately $20,239,734.66. The trade was a 0.86% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders own 2.06% of the company’s stock.

Analyst Upgrades and Downgrades

PAYO has been the topic of several recent research reports. Benchmark cut Payoneer Global from a “buy” rating to a “hold” rating in a research report on Thursday, June 18th. William Blair cut Payoneer Global from an “outperform” rating to a “hold” rating in a research report on Monday, June 15th. Weiss Ratings downgraded Payoneer Global from a “hold (c)” rating to a “hold (c-)” rating in a research note on Tuesday, August 11th. Needham & Company LLC lowered Payoneer Global from a “buy” rating to a “hold” rating in a report on Monday, June 15th. Finally, Northland Securities set a $7.40 price target on Payoneer Global in a research note on Monday, June 15th. One equities research analyst has rated the stock with a Buy rating and eight have assigned a Hold rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus target price of $7.40.

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.