Payoneer Global Inc. (NASDAQ:PAYO) Shares Sold by Nuveen Asset Management LLC

Nuveen Asset Management LLC trimmed its position in Payoneer Global Inc. (NASDAQ:PAYO - Free Report) by 2.0% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 3,740,248 shares of the company's stock after selling 75,540 shares during the quarter. Nuveen Asset Management LLC owned 1.05% of Payoneer Global worth $37,552,000 at the end of the most recent quarter.

A number of other large investors also recently modified their holdings of the company. Occudo Quantitative Strategies LP raised its holdings in shares of Payoneer Global by 55.1% in the 4th quarter. Occudo Quantitative Strategies LP now owns 50,391 shares of the company's stock worth $506,000 after purchasing an additional 17,901 shares during the period. Millennium Management LLC raised its holdings in shares of Payoneer Global by 0.3% in the 4th quarter. Millennium Management LLC now owns 6,523,595 shares of the company's stock worth $65,497,000 after purchasing an additional 21,149 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its holdings in shares of Payoneer Global by 5.4% in the 4th quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 445,474 shares of the company's stock worth $4,473,000 after purchasing an additional 22,668 shares during the period. Graham Capital Management L.P. raised its holdings in shares of Payoneer Global by 92.6% in the 4th quarter. Graham Capital Management L.P. now owns 51,285 shares of the company's stock worth $515,000 after purchasing an additional 24,664 shares during the period. Finally, D. E. Shaw & Co. Inc. raised its holdings in shares of Payoneer Global by 1,065.1% in the 4th quarter. D. E. Shaw & Co. Inc. now owns 2,081,589 shares of the company's stock worth $20,899,000 after purchasing an additional 1,902,925 shares during the period. 82.22% of the stock is currently owned by hedge funds and other institutional investors.

Payoneer Global Trading Down 0.9%

NASDAQ PAYO traded down $0.06 during mid-day trading on Friday, reaching $6.81. 1,819,621 shares of the company's stock traded hands, compared to its average volume of 3,185,676. Payoneer Global Inc. has a 1-year low of $5.03 and a 1-year high of $11.29. The company has a fifty day simple moving average of $6.89 and a 200-day simple moving average of $8.94. The company has a market cap of $2.46 billion, a price-to-earnings ratio of 19.46, a P/E/G ratio of 2.88 and a beta of 1.03.

Payoneer Global (NASDAQ:PAYO - Get Free Report) last issued its quarterly earnings data on Wednesday, May 7th. The company reported $0.05 earnings per share for the quarter, missing analysts' consensus estimates of $0.07 by ($0.02). Payoneer Global had a net margin of 13.82% and a return on equity of 17.78%. The business 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 earned $0.08 EPS. Payoneer Global's revenue for the quarter was up 8.1% compared to the same quarter last year. Equities research analysts forecast that Payoneer Global Inc. will post 0.34 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

A number of equities analysts have recently commented on the company. Keefe, Bruyette & Woods upgraded Payoneer Global from a "market perform" rating to an "outperform" rating and raised their price objective for the stock from $7.00 to $9.00 in a report on Tuesday, May 13th. Needham & Company LLC dropped their target price on Payoneer Global from $14.00 to $8.00 and set a "buy" rating on the stock in a report on Thursday, May 8th. Citigroup reiterated a "buy" rating and set a $10.00 target price (down from $13.00) on shares of Payoneer Global in a report on Thursday. The Goldman Sachs Group dropped their target price on Payoneer Global from $11.00 to $9.00 and set a "buy" rating on the stock in a report on Wednesday, April 2nd. Finally, Deutsche Bank Aktiengesellschaft began coverage on Payoneer Global in a report on Monday, February 3rd. They set a "buy" rating and a $13.00 target price on the stock. One investment analyst has rated the stock with a hold rating, seven have assigned a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, the company presently has a consensus rating of "Buy" and a consensus target price of $10.71.

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.