Payoneer Global Inc. (NASDAQ:PAYO) Position Increased by New York State Common Retirement Fund

New York State Common Retirement Fund raised its holdings in shares of Payoneer Global Inc. (NASDAQ:PAYO - Free Report) by 495.8% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 496,507 shares of the company's stock after acquiring an additional 413,171 shares during the quarter. New York State Common Retirement Fund owned approximately 0.14% of Payoneer Global worth $3,629,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors also recently modified their holdings of PAYO. Susquehanna Capital Management LLC lifted its stake in Payoneer Global by 290.3% in the 4th quarter. Susquehanna Capital Management LLC now owns 25,268,954 shares of the company's stock worth $253,700,000 after purchasing an additional 18,794,047 shares in the last quarter. Arrowstreet Capital Limited Partnership lifted its position in shares of Payoneer Global by 200.0% in the 4th quarter. Arrowstreet Capital Limited Partnership now owns 3,470,347 shares of the company's stock worth $34,842,000 after purchasing an additional 2,313,481 shares during the period. Deutsche Bank AG lifted its position in Payoneer Global by 252.8% during the fourth quarter. Deutsche Bank AG now owns 2,779,110 shares of the company's stock valued at $27,902,000 after acquiring an additional 1,991,449 shares during the last quarter. Driehaus Capital Management LLC purchased a new stake in Payoneer Global during the fourth quarter valued at approximately $19,305,000. Finally, D. E. Shaw & Co. Inc. increased its stake in Payoneer Global by 1,065.1% during the 4th quarter. D. E. Shaw & Co. Inc. now owns 2,081,589 shares of the company's stock valued at $20,899,000 after purchasing an additional 1,902,925 shares in the last quarter. Hedge funds and other institutional investors own 82.22% of the company's stock.

Payoneer Global Trading Up 1.3%

Shares of PAYO traded up $0.09 during trading hours on Friday, reaching $6.81. The company had a trading volume of 1,869,550 shares, compared to its average volume of 2,437,798. The firm has a 50 day simple moving average of $6.81 and a 200-day simple moving average of $7.79. Payoneer Global Inc. has a 12-month low of $5.03 and a 12-month high of $11.29. The company has a market capitalization of $2.46 billion, a price-to-earnings ratio of 22.70 and a beta of 0.98.

Payoneer Global (NASDAQ:PAYO - Get Free Report) last issued its quarterly earnings results on Wednesday, May 7th. The company reported $0.05 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 analysts' expectations of $244.52 million. During the same quarter last year, the firm earned $0.08 earnings per share. The business's quarterly revenue was up 8.1% compared to the same quarter last year. Sell-side analysts forecast that Payoneer Global Inc. will post 0.34 earnings per share for the current year.

Analyst Upgrades and Downgrades

A number of analysts have recently weighed in on the stock. Needham & Company LLC cut their price objective on shares of Payoneer Global from $14.00 to $8.00 and set a "buy" rating on the stock in a research note on Thursday, May 8th. The Goldman Sachs Group reduced their target price on shares of Payoneer Global from $11.00 to $9.00 and set a "buy" rating on the stock in a research note on Wednesday, April 2nd. Citigroup reissued a "buy" rating and issued a $10.00 price target (down from $13.00) on shares of Payoneer Global in a research note on Thursday, May 22nd. Deutsche Bank Aktiengesellschaft began coverage on shares of Payoneer Global in a report on Thursday, July 17th. They issued a "buy" rating and a $8.00 price objective for the company. Finally, Keefe, Bruyette & Woods raised shares of Payoneer Global from a "market perform" rating to an "outperform" rating and lifted their price objective for the stock from $7.00 to $9.00 in a research report on Tuesday, May 13th. One research analyst has rated the stock with a hold rating, eight have assigned a buy rating and one has given a strong buy rating to the company's stock. According to MarketBeat, the stock has a consensus rating of "Buy" and a consensus target price of $9.81.

Insiders Place Their Bets

In other news, Director Susanna Morgan sold 16,180 shares of Payoneer Global 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 owned 80,902 shares in the company, valued at $547,706.54. This trade represents a 16.67% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. 2.58% of the stock is currently owned by company insiders.

Payoneer Global Profile

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.