GAMMA Investing LLC Boosts Stock Holdings in Payoneer Global Inc. (NASDAQ:PAYO)

GAMMA Investing LLC increased its position in shares of Payoneer Global Inc. (NASDAQ:PAYO - Free Report) by 519.8% in the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 51,075 shares of the company's stock after purchasing an additional 42,834 shares during the period. GAMMA Investing LLC's holdings in Payoneer Global were worth $373,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Quarry LP acquired a new position in Payoneer Global during the fourth quarter worth about $29,000. Smartleaf Asset Management LLC grew its position in Payoneer Global by 405.8% during the fourth quarter. Smartleaf Asset Management LLC now owns 3,819 shares of the company's stock worth $38,000 after buying an additional 3,064 shares during the period. Versant Capital Management Inc grew its position in 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 buying an additional 4,067 shares during the period. Blue Trust Inc. grew its position in Payoneer Global by 21.2% during the fourth quarter. Blue Trust Inc. now owns 5,380 shares of the company's stock worth $54,000 after buying an additional 940 shares during the period. Finally, CreativeOne Wealth LLC acquired a new position in Payoneer Global during the fourth quarter worth about $103,000. 82.22% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In related news, Director Susanna Morgan sold 16,180 shares of the firm's 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 sale, the director now owns 80,902 shares in the company, valued at approximately $547,706.54. This trade represents a 16.67% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 2.58% of the stock is owned by company insiders.

Analyst Ratings Changes

Several research analysts have weighed in on the stock. Jefferies Financial Group upped their target price on shares of Payoneer Global from $8.00 to $8.50 and gave the stock a "buy" rating in a research report on Tuesday, May 27th. Keefe, Bruyette & Woods upgraded shares of Payoneer Global from a "market perform" rating to an "outperform" rating and upped their target price for the stock from $7.00 to $9.00 in a research report on Tuesday, May 13th. Citigroup reiterated a "buy" rating and issued a $10.00 price target (down from $13.00) on shares of Payoneer Global in a research report on Thursday, May 22nd. Needham & Company LLC lowered their price target on shares of Payoneer Global from $14.00 to $8.00 and set a "buy" rating on the stock in a research report on Thursday, May 8th. Finally, The Goldman Sachs Group lowered their price target on shares of Payoneer Global from $11.00 to $9.00 and set a "buy" rating on the stock in a research report on Wednesday, April 2nd. One investment analyst has rated the stock with a hold rating, eight have assigned a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, the company currently has a consensus rating of "Buy" and an average price target of $10.44.

Payoneer Global Stock Performance

NASDAQ PAYO traded down $0.04 during mid-day trading on Friday, reaching $6.49. 3,873,342 shares of the stock were exchanged, compared to its average volume of 3,207,858. Payoneer Global Inc. has a 1-year low of $5.03 and a 1-year high of $11.29. The business's fifty day simple moving average is $6.80 and its 200 day simple moving average is $8.38. The stock has a market capitalization of $2.35 billion, a PE ratio of 21.63 and a beta of 0.99.

Payoneer Global (NASDAQ:PAYO - Get Free Report) last announced its earnings results on Wednesday, May 7th. The company reported $0.05 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.07 by ($0.02). Payoneer Global had a return on equity of 15.70% and a net margin of 11.32%. The firm had revenue of $246.62 million for the quarter, compared to analyst estimates of $244.52 million. During the same quarter last year, the business posted $0.08 EPS. The firm's revenue was up 8.1% compared to the same quarter last year. On average, analysts anticipate that Payoneer Global Inc. will post 0.34 EPS for the current year.

About Payoneer Global

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.