443,922 Shares in Payoneer Global Inc. $PAYO Purchased by Great Lakes Advisors LLC

Great Lakes Advisors LLC purchased a new stake in shares of Payoneer Global Inc. (NASDAQ:PAYO - Free Report) in the second quarter, according to the company in its most recent filing with the SEC. The fund purchased 443,922 shares of the company's stock, valued at approximately $3,161,000. Great Lakes Advisors LLC owned about 0.13% of Payoneer Global as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Osaic Holdings Inc. lifted its holdings in shares of Payoneer Global by 246.5% in the second quarter. Osaic Holdings Inc. now owns 4,636 shares of the company's stock valued at $33,000 after purchasing an additional 3,298 shares in the last quarter. GAMMA Investing LLC grew its holdings in Payoneer Global by 73.8% during the second quarter. GAMMA Investing LLC now owns 5,777 shares of the company's stock worth $41,000 after buying an additional 2,453 shares in the last quarter. Leonteq Securities AG grew its holdings in Payoneer Global by 72.0% during the first quarter. Leonteq Securities AG now owns 6,496 shares of the company's stock worth $31,000 after buying an additional 2,720 shares in the last quarter. CWM LLC raised its position in Payoneer Global by 178.6% in the 4th quarter. CWM LLC now owns 9,384 shares of the company's stock valued at $53,000 after buying an additional 6,016 shares during the last quarter. Finally, Resonant Capital Advisors LLC purchased a new stake in Payoneer Global in the 1st quarter valued at $49,000. 82.22% of the stock is owned by institutional investors.

Analyst Ratings Changes

A number of equities analysts have issued reports on PAYO shares. William Blair downgraded shares of Payoneer Global from an "outperform" rating to a "hold" rating in a report on Monday, June 15th. Needham & Company LLC downgraded shares of Payoneer Global from a "buy" rating to a "hold" rating in a report on Monday, June 15th. Citigroup lowered shares of Payoneer Global from a "buy" rating to a "neutral" rating and dropped their price target for the company from $10.00 to $7.40 in a research report on Tuesday, June 16th. Wall Street Zen upgraded shares of Payoneer Global from a "sell" rating to a "hold" rating in a report on Saturday, May 2nd. Finally, Northland Securities set a $7.40 price objective on shares of Payoneer Global in a research note on Monday, June 15th. One analyst has rated the stock with a Buy rating and eight have assigned a Hold rating to the company. According to MarketBeat, Payoneer Global currently has an average rating of "Hold" and an average target price of $7.40.

Payoneer Global Stock Down 0.1%

PAYO opened at $7.09 on Friday. The stock has a market cap of $2.40 billion, a price-to-earnings ratio of 50.65, a PEG ratio of 1.49 and a beta of 0.96. Payoneer Global Inc. has a twelve month low of $4.08 and a twelve month high of $7.18. The company's 50-day moving average price is $7.09 and its two-hundred day moving average price is $5.79.

Payoneer Global (NASDAQ:PAYO - Get Free Report) last issued its quarterly earnings results on Thursday, August 6th. The company reported ($0.01) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.06 by ($0.07). The company had revenue of $274.26 million for the quarter, compared to analysts' expectations of $270.98 million. Payoneer Global had a return on equity of 9.97% and a net margin of 4.65%.The company's revenue for the quarter was up 5.2% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.05 EPS. As a group, sell-side analysts anticipate that Payoneer Global Inc. will post 0.2 earnings per share for the current year.

Insiders Place Their Bets

In related news, CFO Beatrice Ordonez sold 25,000 shares of Payoneer Global stock in a transaction dated Monday, June 15th. The stock was sold at an average price of $7.01, for a total value of $175,250.00. Following the completion of the sale, the chief financial officer owned 2,887,266 shares of the company's stock, valued at approximately $20,239,734.66. This trade represents a 0.86% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Company insiders own 2.06% of the company's stock.

Payoneer Global Company Profile

Payoneer Global NASDAQ: PAYO operates a digital payments platform that enables businesses, marketplaces and professionals to send and receive cross-border payments. The company's core offerings include multi-currency receiving accounts, mass payout services and working capital solutions. Through its platform, Payoneer facilitates global transactions by connecting payors and payees across a network of local bank transfers, card payouts and digital wallets, supporting the seamless movement of funds in over 150 currencies.

Founded in 2005, Payoneer has grown from a small fintech venture into a widely adopted payments infrastructure provider that serves clients in more than 200 countries and territories.

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