Axa S.A. Reduces Stock Position in Payoneer Global Inc. (NASDAQ:PAYO)

AXA S.A. reduced its stake in Payoneer Global Inc. (NASDAQ:PAYO - Free Report) by 0.4% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 14,142,233 shares of the company's stock after selling 49,825 shares during the period. AXA S.A. owned approximately 3.97% of Payoneer Global worth $141,988,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Voleon Capital Management LP purchased a new stake in shares of Payoneer Global in the 4th quarter valued at approximately $2,057,000. PDT Partners LLC boosted its stake in Payoneer Global by 44.9% in the fourth quarter. PDT Partners LLC now owns 429,297 shares of the company's stock valued at $4,310,000 after acquiring an additional 132,994 shares in the last quarter. Northern Trust Corp boosted its position in shares of Payoneer Global by 17.9% in the 4th quarter. Northern Trust Corp now owns 3,019,162 shares of the company's stock valued at $30,312,000 after purchasing an additional 458,594 shares during the period. Tudor Investment Corp ET AL purchased a new position in Payoneer Global during the 4th quarter worth approximately $13,643,000. Finally, Quarry LP acquired a new position in Payoneer Global during the fourth quarter worth approximately $29,000. 82.22% of the stock is currently owned by hedge funds and other institutional investors.

Payoneer Global Stock Up 3.9 %

NASDAQ PAYO traded up $0.24 during trading hours on Thursday, hitting $6.40. 2,837,959 shares of the stock were exchanged, compared to its average volume of 3,111,902. The company has a market cap of $2.30 billion, a price-to-earnings ratio of 18.29, a price-to-earnings-growth ratio of 2.88 and a beta of 1.03. Payoneer Global Inc. has a 12-month low of $5.03 and a 12-month high of $11.29. The stock has a 50-day moving average of $7.01 and a 200 day moving average of $9.07.

Payoneer Global (NASDAQ:PAYO - Get Free Report) last issued its earnings results on Wednesday, May 7th. The company reported $0.05 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.07 by ($0.02). Payoneer Global had a return on equity of 17.78% and a net margin of 13.82%. The business had revenue of $246.62 million for the quarter, compared to analysts' expectations of $244.52 million. During the same period last year, the company posted $0.08 earnings per share. The business's quarterly revenue was up 8.1% on a year-over-year basis. On average, equities research analysts expect that Payoneer Global Inc. will post 0.34 earnings per share for the current year.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently issued reports on the stock. The Goldman Sachs Group lowered their target price on shares of Payoneer Global from $11.00 to $9.00 and set a "buy" rating on the stock in a research report on Wednesday, April 2nd. Keefe, Bruyette & Woods lowered their price objective on shares of Payoneer Global from $8.00 to $7.00 and set a "market perform" rating on the stock in a research report on Thursday. Needham & Company LLC dropped their price objective on shares of Payoneer Global from $14.00 to $8.00 and set a "buy" rating on the stock in a research note on Thursday. Deutsche Bank Aktiengesellschaft started coverage on shares of Payoneer Global in a research note on Monday, February 3rd. They set a "buy" rating and a $13.00 target price for the company. Finally, Wolfe Research cut Payoneer Global from an "outperform" rating to a "peer perform" rating in a research report on Wednesday, January 8th. Two research analysts have rated the stock with a hold rating, six have given a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, Payoneer Global currently has an average rating of "Moderate Buy" and an average target price of $11.36.

Payoneer Global Company Profile

Payoneer Global Inc operates as a financial technology company. It operates a payment infrastructure platform that provides customers with a one-stop, global, multi-currency account to serve their accounts receivable and accounts payable needs. The company delivers a suite of services that includes cross-border payments, physical and virtual MasterCard cards, working capital, risk management, and other services.