Payoneer Global Inc. (NASDAQ:PAYO) Shares Sold by Axa S.A.

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

A number of other hedge funds also recently bought and sold shares of the stock. Blue Trust Inc. increased its holdings in Payoneer Global by 21.2% in the fourth quarter. Blue Trust Inc. now owns 5,380 shares of the company's stock valued at $54,000 after buying an additional 940 shares during the last quarter. Maryland State Retirement & Pension System increased its holdings in shares of Payoneer Global by 1.2% in the 4th quarter. Maryland State Retirement & Pension System now owns 86,467 shares of the company's stock valued at $868,000 after acquiring an additional 1,002 shares during the last quarter. Fifth Third Bancorp raised its position in shares of Payoneer Global by 29.3% during the 4th quarter. Fifth Third Bancorp now owns 4,488 shares of the company's stock worth $45,000 after acquiring an additional 1,016 shares in the last quarter. State of Alaska Department of Revenue lifted its stake in Payoneer Global by 1.0% during the fourth quarter. State of Alaska Department of Revenue now owns 145,923 shares of the company's stock worth $1,465,000 after purchasing an additional 1,498 shares during the last quarter. Finally, Summit Investment Advisors Inc. raised its holdings in Payoneer Global by 5.8% during the fourth quarter. Summit Investment Advisors Inc. now owns 30,355 shares of the company's stock worth $305,000 after purchasing an additional 1,663 shares in the last quarter. Institutional investors and hedge funds own 82.22% of the company's stock.

Wall Street Analyst Weigh In

PAYO has been the topic of several research reports. Keefe, Bruyette & Woods dropped their price objective on Payoneer Global from $10.00 to $8.00 and set a "market perform" rating on the stock in a report on Monday, March 31st. Citigroup increased their price objective on Payoneer Global from $14.50 to $16.50 and gave the company a "buy" rating in a report on Tuesday, March 4th. The Goldman Sachs Group cut their target price on shares of Payoneer Global from $11.00 to $9.00 and set a "buy" rating on the stock in a report on Wednesday, April 2nd. Deutsche Bank Aktiengesellschaft assumed coverage on shares of Payoneer Global in a research report on Monday, February 3rd. They set a "buy" rating and a $13.00 price objective on the stock. Finally, Wolfe Research downgraded shares of Payoneer Global from an "outperform" rating to a "peer perform" rating in a research note on Wednesday, January 8th. Two equities research analysts have rated the stock with a hold rating, six have assigned a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, the company presently has an average rating of "Moderate Buy" and an average price target of $12.36.

Payoneer Global Trading Down 13.6 %

Shares of NASDAQ:PAYO traded down $0.97 on Wednesday, reaching $6.16. 9,315,740 shares of the company were exchanged, compared to its average volume of 3,107,435. The company has a 50-day moving average of $7.06 and a 200-day moving average of $9.10. The firm has a market cap of $2.22 billion, a price-to-earnings ratio of 17.60, a price-to-earnings-growth ratio of 2.88 and a beta of 1.03. Payoneer Global Inc. has a 1-year low of $5.03 and a 1-year high of $11.29.

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

Payoneer Global 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.