D. E. Shaw & Co. Inc. Has $20.90 Million Stock Position in Payoneer Global Inc. (NASDAQ:PAYO)

D. E. Shaw & Co. Inc. lifted its position in shares of Payoneer Global Inc. (NASDAQ:PAYO - Free Report) by 1,065.1% during the 4th quarter, according to its most recent disclosure with the SEC. The firm owned 2,081,589 shares of the company's stock after buying an additional 1,902,925 shares during the period. D. E. Shaw & Co. Inc. owned 0.58% of Payoneer Global worth $20,899,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Quarry LP acquired a new position in Payoneer Global during the fourth quarter worth approximately $29,000. Smartleaf Asset Management LLC increased its position in shares of Payoneer Global by 405.8% in the fourth quarter. Smartleaf Asset Management LLC now owns 3,819 shares of the company's stock worth $38,000 after acquiring an additional 3,064 shares in the last quarter. Fifth Third Bancorp increased its position in shares of Payoneer Global by 29.3% in the fourth 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. Blue Trust Inc. increased its position in shares of Payoneer Global by 21.2% in the fourth quarter. Blue Trust Inc. now owns 5,380 shares of the company's stock worth $54,000 after acquiring an additional 940 shares in the last quarter. Finally, GAMMA Investing LLC increased its position in shares of Payoneer Global by 41.7% in the fourth quarter. GAMMA Investing LLC now owns 8,241 shares of the company's stock worth $83,000 after acquiring an additional 2,425 shares in the last quarter. Institutional investors and hedge funds own 82.22% of the company's stock.

Payoneer Global Stock Performance

Shares of Payoneer Global stock traded down $0.18 on Thursday, reaching $7.10. The stock had a trading volume of 3,724,701 shares, compared to its average volume of 3,178,982. Payoneer Global Inc. has a fifty-two week low of $5.03 and a fifty-two week high of $11.29. The business's 50-day moving average price is $6.91 and its two-hundred day moving average price is $9.03. The stock has a market cap of $2.55 billion, a P/E ratio of 20.29, a price-to-earnings-growth ratio of 2.88 and a beta of 1.03.

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

Analyst Upgrades and Downgrades

A number of equities research analysts recently weighed in on the stock. The Goldman Sachs Group lowered their price target 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. Keefe, Bruyette & Woods upgraded shares of Payoneer Global from a "market perform" rating to an "outperform" rating and lifted their price objective for the company from $7.00 to $9.00 in a research report on Tuesday. Citigroup boosted 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. Needham & Company LLC lowered 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, May 8th. Finally, Deutsche Bank Aktiengesellschaft started 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 on the stock. One research analyst has rated the stock with a hold rating, seven have given a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, Payoneer Global has an average rating of "Buy" and an average price target of $11.64.

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.