Polar Asset Management Partners Inc. Invests $750,000 in Payoneer Global Inc. $PAYO

Polar Asset Management Partners Inc. purchased a new position in shares of Payoneer Global Inc. (NASDAQ:PAYOFree Report) in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm purchased 105,354 shares of the company’s stock, valued at approximately $750,000.

A number of other hedge funds and other institutional investors have also bought and sold shares of the business. Van ECK Associates Corp lifted its position in shares of Payoneer Global by 2.4% during the fourth quarter. Van ECK Associates Corp now owns 84,678 shares of the company’s stock worth $476,000 after purchasing an additional 1,977 shares during the last quarter. Susquehanna International Group LLP lifted its holdings in Payoneer Global by 9.5% during the 3rd quarter. Susquehanna International Group LLP now owns 24,637 shares of the company’s stock valued at $149,000 after buying an additional 2,144 shares in the last quarter. ProShare Advisors LLC lifted its holdings in Payoneer Global by 4.1% during the 4th quarter. ProShare Advisors LLC now owns 54,909 shares of the company’s stock valued at $309,000 after buying an additional 2,145 shares in the last quarter. LPL Financial LLC boosted its position in Payoneer Global by 5.8% in the 4th quarter. LPL Financial LLC now owns 42,211 shares of the company’s stock valued at $237,000 after buying an additional 2,304 shares during the period. Finally, Sequoia Financial Advisors LLC boosted its position in Payoneer Global by 8.1% in the 4th quarter. Sequoia Financial Advisors LLC now owns 31,677 shares of the company’s stock valued at $178,000 after buying an additional 2,368 shares during the period. Hedge funds and other institutional investors own 82.22% of the company’s stock.

Payoneer Global Stock Up 0.1%

PAYO stock opened at $7.12 on Thursday. The stock has a market capitalization of $2.41 billion, a P/E ratio of 50.86, a P/E/G ratio of 1.49 and a beta of 0.96. The firm has a 50-day simple moving average of $7.10 and a 200-day simple moving average of $5.82. Payoneer Global Inc. has a 52 week low of $4.08 and a 52 week high of $7.18.

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

Insider Buying and Selling

In other Payoneer Global news, CFO Beatrice Ordonez sold 25,000 shares of the 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 completion of the transaction, the chief financial officer owned 2,887,266 shares of the company’s stock, valued at $20,239,734.66. This represents a 0.86% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Company insiders own 2.06% of the company’s stock.

Analyst Ratings Changes

PAYO has been the topic of several research analyst reports. Wall Street Zen raised Payoneer Global from a “sell” rating to a “hold” rating in a research note on Saturday, May 2nd. Citigroup cut Payoneer Global from a “buy” rating to a “neutral” rating and lowered their price objective for the stock from $10.00 to $7.40 in a research report on Tuesday, June 16th. Benchmark downgraded Payoneer Global from a “buy” rating to a “hold” rating in a research note on Thursday, June 18th. Deutsche Bank Aktiengesellschaft cut Payoneer Global from a “buy” rating to a “hold” rating in a report on Friday, August 7th. Finally, Northland Securities set a $7.40 price target on shares of Payoneer Global in a report on Monday, June 15th. One research analyst has rated the stock with a Buy rating and eight have issued a Hold rating to the company’s stock. According to MarketBeat.com, Payoneer Global currently has a consensus rating of “Hold” and an average price target of $7.40.

Read Our Latest Report on PAYO

Payoneer Global Profile

(Free Report)

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.

See Also

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Institutional Ownership by Quarter for Payoneer Global (NASDAQ:PAYO)

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