GSA Capital Partners LLP Lowers Position in Payoneer Global Inc. $PAYO

GSA Capital Partners LLP lessened its stake in Payoneer Global Inc. (NASDAQ:PAYOFree Report) by 36.3% during the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 251,978 shares of the company’s stock after selling 143,632 shares during the quarter. GSA Capital Partners LLP owned approximately 0.07% of Payoneer Global worth $1,416,000 at the end of the most recent reporting period.

Several other hedge funds have also recently modified their holdings of the stock. American Century Companies Inc. lifted its holdings in shares of Payoneer Global by 10.7% in the third quarter. American Century Companies Inc. now owns 7,326,825 shares of the company’s stock worth $44,327,000 after buying an additional 707,790 shares in the last quarter. Dimensional Fund Advisors LP lifted its holdings in shares of Payoneer Global by 3.2% in the third quarter. Dimensional Fund Advisors LP now owns 7,309,436 shares of the company’s stock worth $44,229,000 after buying an additional 224,287 shares in the last quarter. Invesco Ltd. lifted its holdings in shares of Payoneer Global by 137.3% in the second quarter. Invesco Ltd. now owns 5,562,623 shares of the company’s stock worth $38,104,000 after buying an additional 3,218,917 shares in the last quarter. Bank of America Corp DE lifted its holdings in shares of Payoneer Global by 9.3% in the third quarter. Bank of America Corp DE now owns 3,419,039 shares of the company’s stock worth $20,685,000 after buying an additional 289,598 shares in the last quarter. Finally, Alliancebernstein L.P. lifted its holdings in shares of Payoneer Global by 67.7% in the third quarter. Alliancebernstein L.P. now owns 1,454,740 shares of the company’s stock worth $8,801,000 after buying an additional 587,113 shares in the last quarter. Hedge funds and other institutional investors own 82.22% of the company’s stock.

Payoneer Global Stock Up 3.3%

PAYO stock opened at $4.96 on Thursday. Payoneer Global Inc. has a twelve month low of $4.08 and a twelve month high of $7.66. The stock has a market capitalization of $1.66 billion, a price-to-earnings ratio of 24.80, a price-to-earnings-growth ratio of 0.51 and a beta of 1.01. The firm’s fifty day simple moving average is $4.87 and its two-hundred day simple moving average is $5.33.

Payoneer Global (NASDAQ:PAYOGet Free Report) last posted its quarterly earnings data on Thursday, May 7th. The company reported $0.06 earnings per share for the quarter, beating analysts’ consensus estimates of $0.04 by $0.02. Payoneer Global had a net margin of 6.76% and a return on equity of 11.10%. The business had revenue of $261.60 million for the quarter, compared to analysts’ expectations of $255.12 million. During the same quarter in the previous year, the business posted $0.05 earnings per share. The business’s revenue was up 6.1% compared to the same quarter last year. As a group, equities research analysts expect that Payoneer Global Inc. will post 0.27 EPS for the current year.

Analysts Set New Price Targets

Several research firms have recently commented on PAYO. Weiss Ratings reissued a “hold (c)” rating on shares of Payoneer Global in a report on Thursday, January 22nd. Needham & Company LLC reduced their price target on shares of Payoneer Global from $10.00 to $8.00 and set a “buy” rating on the stock in a research report on Thursday, February 26th. Wall Street Zen upgraded shares of Payoneer Global from a “sell” rating to a “hold” rating in a research report on Saturday, May 2nd. Bank of America started coverage on shares of Payoneer Global in a research report on Wednesday, March 25th. They issued a “buy” rating and a $6.00 price target on the stock. Finally, Keefe, Bruyette & Woods reduced their price target on shares of Payoneer Global from $7.50 to $7.00 and set an “outperform” rating on the stock in a research report on Friday, February 27th. Seven equities research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $7.57.

Get Our Latest Stock Analysis on Payoneer Global

Payoneer Global Company 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.

Featured Stories

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

Receive News & Ratings for Payoneer Global Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Payoneer Global and related companies with MarketBeat.com's FREE daily email newsletter.