1492 Capital Management LLC acquired a new stake in shares of Payoneer Global Inc. (NASDAQ:PAYO - Free Report) during the first quarter, according to its most recent filing with the Securities & Exchange Commission. The firm acquired 153,483 shares of the company's stock, valued at approximately $1,122,000.
A number of other hedge funds and other institutional investors have also recently modified their holdings of PAYO. Farther Finance Advisors LLC bought a new position in shares of Payoneer Global during the 1st quarter worth approximately $25,000. Quarry LP purchased a new stake in shares of Payoneer Global during the fourth quarter worth about $29,000. Versant Capital Management Inc grew its stake in shares of Payoneer Global by 420.6% during the first quarter. Versant Capital Management Inc now owns 5,034 shares of the company's stock worth $37,000 after acquiring an additional 4,067 shares during the last quarter. IFP Advisors Inc grew its stake in shares of Payoneer Global by 47,800.0% during the first quarter. IFP Advisors Inc now owns 6,227 shares of the company's stock worth $46,000 after acquiring an additional 6,214 shares during the last quarter. Finally, Mirae Asset Global Investments Co. Ltd. boosted its stake in Payoneer Global by 559.9% in the 1st quarter. Mirae Asset Global Investments Co. Ltd. now owns 8,480 shares of the company's stock worth $62,000 after purchasing an additional 7,195 shares in the last quarter. 82.22% of the stock is currently owned by institutional investors.
Payoneer Global Price Performance
NASDAQ:PAYO traded up $0.09 during midday trading on Friday, hitting $6.81. The company's stock had a trading volume of 1,869,550 shares, compared to its average volume of 2,437,798. Payoneer Global Inc. has a fifty-two week low of $5.03 and a fifty-two week high of $11.29. The firm has a market cap of $2.46 billion, a P/E ratio of 22.70 and a beta of 0.98. The firm's 50 day moving average is $6.81 and its 200-day moving average is $7.79.
Payoneer Global (NASDAQ:PAYO - Get Free Report) last posted 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 firm had revenue of $246.62 million for the quarter, compared to analysts' expectations of $244.52 million. Payoneer Global had a net margin of 11.32% and a return on equity of 15.70%. Payoneer Global's revenue for the quarter was up 8.1% compared to the same quarter last year. During the same period last year, the firm earned $0.08 earnings per share. As a group, analysts forecast that Payoneer Global Inc. will post 0.34 EPS for the current year.
Analyst Ratings Changes
PAYO has been the subject of a number of recent analyst reports. Deutsche Bank Aktiengesellschaft initiated coverage on shares of Payoneer Global in a research note on Thursday, July 17th. They issued a "buy" rating and a $8.00 target price for the company. Needham & Company LLC lowered their target price on shares of Payoneer Global from $14.00 to $8.00 and set a "buy" rating for the company in a research note on Thursday, May 8th. The Goldman Sachs Group lowered their target price on shares of Payoneer Global from $11.00 to $9.00 and set a "buy" rating for the company in a research note on Wednesday, April 2nd. Jefferies Financial Group lifted their target price on shares of Payoneer Global from $8.00 to $8.50 and gave the stock a "buy" rating in a research note on Tuesday, May 27th. Finally, Keefe, Bruyette & Woods upgraded shares of Payoneer Global from a "market perform" rating to an "outperform" rating and lifted their target price for the stock from $7.00 to $9.00 in a research note on Tuesday, May 13th. One analyst has rated the stock with a hold rating, eight have given a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, Payoneer Global has a consensus rating of "Buy" and a consensus price target of $9.81.
Check Out Our Latest Research Report on Payoneer Global
Insider Buying and Selling at Payoneer Global
In other news, Director Susanna Morgan sold 16,180 shares of Payoneer Global stock in a transaction that occurred on Monday, June 2nd. The shares were sold at an average price of $6.77, for a total transaction of $109,538.60. Following the completion of the transaction, the director directly owned 80,902 shares of the company's stock, valued at $547,706.54. The trade was a 16.67% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 2.58% of the stock is currently owned by company insiders.
Payoneer Global Company Profile
(
Free Report)
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.
See Also
Before you consider Payoneer Global, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Payoneer Global wasn't on the list.
While Payoneer Global currently has a Buy rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Enter your email address and we'll send you MarketBeat's list of seven stocks and why their long-term outlooks are very promising.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
