49,529 Shares in Payoneer Global Inc. (NASDAQ:PAYO) Bought by Bayesian Capital Management LP

Bayesian Capital Management LP bought a new position in shares of Payoneer Global Inc. (NASDAQ:PAYO - Free Report) during the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund bought 49,529 shares of the company's stock, valued at approximately $497,000.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in PAYO. Blue Trust Inc. raised its holdings in shares of Payoneer Global by 21.2% in the 4th quarter. Blue Trust Inc. now owns 5,380 shares of the company's stock valued at $54,000 after purchasing an additional 940 shares during the period. Maryland State Retirement & Pension System grew its stake in 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 buying an additional 1,002 shares during the last quarter. Fifth Third Bancorp grew its stake in Payoneer Global by 29.3% in the 4th quarter. Fifth Third Bancorp now owns 4,488 shares of the company's stock valued at $45,000 after buying an additional 1,016 shares during the last quarter. State of Alaska Department of Revenue raised its holdings in Payoneer Global by 1.0% in the 4th quarter. State of Alaska Department of Revenue now owns 145,923 shares of the company's stock valued at $1,465,000 after acquiring an additional 1,498 shares during the period. Finally, Summit Investment Advisors Inc. lifted its position 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 acquiring an additional 1,663 shares during the last quarter. 82.22% of the stock is owned by institutional investors.

Payoneer Global Trading Up 4.7 %

PAYO stock traded up $0.30 during mid-day trading on Friday, hitting $6.63. The stock had a trading volume of 7,795,899 shares, compared to its average volume of 3,131,552. The firm has a fifty day simple moving average of $6.94 and a 200 day simple moving average of $9.05. Payoneer Global Inc. has a 52 week low of $5.03 and a 52 week high of $11.29. The firm has a market capitalization of $2.39 billion, a P/E ratio of 18.94, a P/E/G ratio of 2.88 and a beta of 1.03.

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

Analysts Set New Price Targets

PAYO has been the topic of a number of recent research reports. Keefe, Bruyette & Woods lowered their target price on Payoneer Global from $8.00 to $7.00 and set a "market perform" rating on the stock in a research note on Thursday. Needham & Company LLC lowered their price objective on Payoneer Global from $14.00 to $8.00 and set a "buy" rating on the stock in a research report on Thursday. Deutsche Bank Aktiengesellschaft began coverage on shares of Payoneer Global in a research report on Monday, February 3rd. They issued a "buy" rating and a $13.00 target price for the company. Citigroup raised their price target on shares of Payoneer Global from $14.50 to $16.50 and gave the stock a "buy" rating in a research report on Tuesday, March 4th. Finally, The Goldman Sachs Group cut their price objective on shares of Payoneer Global from $11.00 to $9.00 and set a "buy" rating for the company in a report on Wednesday, April 2nd. Two analysts have rated the stock with a hold rating, six have issued a buy rating and one has issued a strong buy rating to the company's stock. According to data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average target price of $11.36.

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.