Magnetar Financial LLC bought a new position in shares of Payoneer Global Inc. (NASDAQ:PAYO - Free Report) during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm bought 89,097 shares of the company's stock, valued at approximately $651,000.
A number of other institutional investors have also modified their holdings of the stock. Driehaus Capital Management LLC increased its holdings in Payoneer Global by 21.6% during the first quarter. Driehaus Capital Management LLC now owns 2,337,504 shares of the company's stock valued at $17,087,000 after buying an additional 414,695 shares during the period. Trexquant Investment LP increased its holdings in Payoneer Global by 53.2% during the first quarter. Trexquant Investment LP now owns 751,923 shares of the company's stock valued at $5,497,000 after buying an additional 261,233 shares during the period. Landscape Capital Management L.L.C. increased its holdings in Payoneer Global by 28.0% during the first quarter. Landscape Capital Management L.L.C. now owns 15,388 shares of the company's stock valued at $112,000 after buying an additional 3,369 shares during the period. OMERS ADMINISTRATION Corp increased its holdings in Payoneer Global by 665.3% during the first quarter. OMERS ADMINISTRATION Corp now owns 262,500 shares of the company's stock valued at $1,919,000 after buying an additional 228,200 shares during the period. Finally, Ieq Capital LLC increased its holdings in Payoneer Global by 24.4% during the first quarter. Ieq Capital LLC now owns 86,385 shares of the company's stock valued at $631,000 after buying an additional 16,947 shares during the period. 82.22% of the stock is owned by hedge funds and other institutional investors.
Payoneer Global Trading Down 0.7%
Shares of NASDAQ:PAYO traded down $0.05 on Friday, hitting $6.65. 2,534,595 shares of the company were exchanged, compared to its average volume of 2,802,339. Payoneer Global Inc. has a 1-year low of $5.71 and a 1-year high of $11.29. The stock's 50 day moving average price is $6.77 and its 200 day moving average price is $7.01. The firm has a market capitalization of $2.40 billion, a P/E ratio of 25.58, a price-to-earnings-growth ratio of 8.75 and a beta of 0.98.
Payoneer Global (NASDAQ:PAYO - Get Free Report) last posted its quarterly earnings data on Wednesday, August 6th. The company reported $0.05 EPS for the quarter, missing the consensus estimate of $0.06 by ($0.01). Payoneer Global had a return on equity of 13.42% and a net margin of 9.81%.The company had revenue of $260.61 million for the quarter, compared to analyst estimates of $253.17 million. During the same quarter in the previous year, the firm posted $0.09 earnings per share. The company's quarterly revenue was up 8.8% on a year-over-year basis. On average, equities analysts predict that Payoneer Global Inc. will post 0.34 EPS for the current fiscal year.
Analyst Ratings Changes
Several equities analysts recently issued reports on the stock. Keefe, Bruyette & Woods raised 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 report on Tuesday, May 13th. Jefferies Financial Group lifted their price objective on shares of Payoneer Global from $8.00 to $8.50 and gave the company a "buy" rating in a report on Tuesday, May 27th. Deutsche Bank Aktiengesellschaft initiated coverage on shares of Payoneer Global in a report on Thursday, July 17th. They issued a "buy" rating and a $8.00 price target on the stock. Needham & Company LLC lifted their price target on shares of Payoneer Global from $8.00 to $10.00 and gave the stock a "buy" rating in a report on Wednesday, August 6th. Finally, Citigroup reaffirmed a "buy" rating and issued a $10.00 price target (down from $13.00) on shares of Payoneer Global in a report on Thursday, May 22nd. Eight analysts have rated the stock with a Buy rating and one has given a Hold rating to the stock. Based on data from MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus target price of $10.06.
View Our Latest Report on PAYO
About Payoneer Global
(
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.
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