Nantahala Capital Management LLC Acquires Shares of 483,836 Payoneer Global Inc. $PAYO

Key Points

• Nantahala Capital Management acquired 483,836 Payoneer Global shares worth approximately $3.44 million, while institutional investors collectively own 82.22% of the company.
• Payoneer’s latest quarterly results missed earnings expectations, reporting a $0.01-per-share loss versus consensus for $0.06 in earnings, although revenue rose 5.2% year over year to $274.26 million.
• Analyst sentiment is cautious: eight analysts rate PAYO a Hold and one rates it a Buy, producing a consensus Hold rating with a $7.40 average price target.

Nantahala Capital Management LLC purchased a new stake in Payoneer Global Inc. (NASDAQ:PAYO - Free Report) in the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The fund purchased 483,836 shares of the company's stock, valued at approximately $3,444,912. Nantahala Capital Management LLC owned approximately 0.14% of Payoneer Global as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently modified their holdings of the company. BlackRock Inc. purchased a new stake in Payoneer Global during the 2nd quarter valued at about $278,076,000. State Street Corp boosted its holdings in shares of Payoneer Global by 1.8% during the 4th quarter. State Street Corp now owns 10,772,088 shares of the company's stock worth $60,539,000 after purchasing an additional 195,410 shares during the last quarter. Price T Rowe Associates Inc. MD boosted its holdings in shares of Payoneer Global by 1.8% during the 4th quarter. Price T Rowe Associates Inc. MD now owns 10,436,470 shares of the company's stock worth $58,654,000 after purchasing an additional 182,614 shares during the last quarter. Pentwater Capital Management LP acquired a new position in shares of Payoneer Global during the 2nd quarter worth approximately $70,405,000. Finally, Dimensional Fund Advisors LP grew its position in shares of Payoneer Global by 3.6% in the first quarter. Dimensional Fund Advisors LP now owns 7,544,420 shares of the company's stock valued at $36,438,000 after purchasing an additional 263,030 shares in the last quarter. Hedge funds and other institutional investors own 82.22% of the company's stock.

Insider Activity

In other Payoneer Global news, CFO Beatrice Ordonez sold 25,000 shares of the company's stock in a transaction that occurred on Monday, June 15th. The stock was sold at an average price of $7.01, for a total transaction of $175,250.00. Following the completion of the sale, the chief financial officer directly owned 2,887,266 shares of the company's stock, valued at $20,239,734.66. This represents a 0.86% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, 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 company insiders.

Payoneer Global Stock Performance

PAYO stock opened at $7.11 on Friday. The company's 50 day moving average price is $7.11 and its 200 day moving average price is $5.84. The firm has a market capitalization of $2.41 billion, a price-to-earnings ratio of 50.79, a PEG ratio of 1.49 and a beta of 0.96. Payoneer Global Inc. has a fifty-two week low of $4.08 and a fifty-two week high of $7.18.

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

Analyst Upgrades and Downgrades

Several analysts have issued reports on PAYO shares. Weiss Ratings cut Payoneer Global from a "hold (c)" rating to a "hold (c-)" rating in a report on Tuesday, August 11th. Needham & Company LLC cut shares of Payoneer Global from a "buy" rating to a "hold" rating in a research report on Monday, June 15th. Keefe, Bruyette & Woods cut shares of Payoneer Global from a "moderate buy" rating to a "hold" rating in a research report on Monday, June 15th. Northland Securities set a $7.40 price objective on shares of Payoneer Global in a report on Monday, June 15th. Finally, William Blair cut shares of Payoneer Global from an "outperform" rating to a "hold" rating in a research report on Monday, June 15th. One investment analyst has rated the stock with a Buy rating and eight have issued a Hold rating to the company's stock. According to MarketBeat.com, the company presently has a consensus rating of "Hold" and an average price target of $7.40.

About Payoneer Global

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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