518,965 Shares in Payoneer Global Inc. $PAYO Purchased by Deutsche Bank AG

Key Points

• Deutsche Bank acquired 518,965 Payoneer shares worth approximately $3.7 million, representing about 0.16% of the company. Institutional investors collectively own 82.22% of PAYO.
• Payoneer reported quarterly revenue of $274.26 million, up 5.2% year over year and above estimates, but posted an EPS loss of $0.01 versus analysts’ expected $0.06 profit.
• PAYO shares opened at $7.11, near their 12-month high of $7.18. Analysts largely rate the stock “Hold,” with an average price target of $7.40.

Deutsche Bank AG acquired a new stake in shares of Payoneer Global Inc. (NASDAQ:PAYO - Free Report) in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm acquired 518,965 shares of the company's stock, valued at approximately $3,695,000. Deutsche Bank AG owned approximately 0.16% of Payoneer Global as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also bought and sold shares of PAYO. Van ECK Associates Corp increased its holdings in shares of Payoneer Global by 2.4% in the 4th quarter. Van ECK Associates Corp now owns 84,678 shares of the company's stock worth $476,000 after purchasing an additional 1,977 shares in the last quarter. Susquehanna International Group LLP lifted its holdings in shares of Payoneer Global by 9.5% during the third quarter. Susquehanna International Group LLP now owns 24,637 shares of the company's stock valued at $149,000 after purchasing an additional 2,144 shares in the last quarter. ProShare Advisors LLC lifted its holdings in shares of Payoneer Global by 4.1% during the fourth quarter. ProShare Advisors LLC now owns 54,909 shares of the company's stock valued at $309,000 after purchasing an additional 2,145 shares in the last quarter. LPL Financial LLC boosted its position in shares of Payoneer Global by 5.8% during the fourth quarter. LPL Financial LLC now owns 42,211 shares of the company's stock valued at $237,000 after buying an additional 2,304 shares during the last quarter. Finally, Sequoia Financial Advisors LLC boosted its position in shares of Payoneer Global by 8.1% during the fourth quarter. Sequoia Financial Advisors LLC now owns 31,677 shares of the company's stock valued at $178,000 after buying an additional 2,368 shares during the last quarter. 82.22% of the stock is owned by hedge funds and other institutional investors.

Payoneer Global Stock Performance

NASDAQ:PAYO opened at $7.11 on Wednesday. The stock has a 50-day moving average price of $7.10 and a 200 day moving average price of $5.82. The stock has a market capitalization of $2.41 billion, a P/E ratio of 50.79, a P/E/G ratio of 1.49 and a beta of 0.96. Payoneer Global Inc. has a 12-month low of $4.08 and a 12-month high of $7.18.

Payoneer Global (NASDAQ:PAYO - Get Free Report) last posted its quarterly earnings results on Thursday, August 6th. The company reported ($0.01) EPS for the quarter, missing analysts' consensus estimates of $0.06 by ($0.07). Payoneer Global had a return on equity of 9.97% and a net margin of 4.65%.The business had revenue of $274.26 million during the quarter, compared to analysts' expectations of $270.98 million. During the same period in the prior year, the firm posted $0.05 earnings per share. The firm's revenue for the quarter was up 5.2% on a year-over-year basis. On average, research analysts predict that Payoneer Global Inc. will post 0.2 earnings per share for the current fiscal year.

Analysts Set New Price Targets

A number of brokerages have recently commented on PAYO. Weiss Ratings lowered shares of Payoneer Global from a "hold (c)" rating to a "hold (c-)" rating in a research note on Tuesday, August 11th. Wall Street Zen upgraded shares of Payoneer Global from a "sell" rating to a "hold" rating in a research report on Saturday, May 2nd. William Blair cut shares of Payoneer Global from an "outperform" rating to a "hold" rating in a report on Monday, June 15th. Deutsche Bank Aktiengesellschaft downgraded shares of Payoneer Global from a "buy" rating to a "hold" rating in a research report on Friday, August 7th. Finally, Keefe, Bruyette & Woods lowered shares of Payoneer Global from a "moderate buy" rating to a "hold" rating in a research note on Monday, June 15th. One investment analyst has rated the stock with a Buy rating and eight have assigned a Hold rating to the stock. According to MarketBeat.com, Payoneer Global presently has a consensus rating of "Hold" and an average target price of $7.40.

Insider Activity

In other news, CFO Beatrice Ordonez sold 25,000 shares of Payoneer Global stock in a transaction that occurred on Monday, June 15th. The shares were sold at an average price of $7.01, for a total transaction of $175,250.00. Following the sale, the chief financial officer owned 2,887,266 shares in the company, valued at $20,239,734.66. This trade represents a 0.86% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 2.06% of the stock is currently owned by insiders.

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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