OMERS ADMINISTRATION Corp decreased its holdings in shares of Payoneer Global Inc. (NASDAQ:PAYO - Free Report) by 76.9% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 34,300 shares of the company's stock after selling 114,300 shares during the quarter. OMERS ADMINISTRATION Corp's holdings in Payoneer Global were worth $344,000 at the end of the most recent quarter.
Several other institutional investors have also recently added to or reduced their stakes in PAYO. Susquehanna Capital Management LLC lifted its stake in Payoneer Global by 290.3% during the fourth 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 during the last quarter. Arrowstreet Capital Limited Partnership lifted its stake in Payoneer Global by 200.0% during the fourth 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 last quarter. Deutsche Bank AG lifted its stake in Payoneer Global by 252.8% during the fourth quarter. Deutsche Bank AG now owns 2,779,110 shares of the company's stock worth $27,902,000 after purchasing 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 worth approximately $19,305,000. Finally, D. E. Shaw & Co. Inc. lifted its stake in Payoneer Global by 1,065.1% during the fourth 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 last quarter. Hedge funds and other institutional investors own 82.22% of the company's stock.
Analyst Ratings Changes
A number of equities research analysts have weighed in on PAYO shares. The Goldman Sachs Group reduced their price objective on Payoneer Global from $11.00 to $9.00 and set a "buy" rating for the company in a research note on Wednesday, April 2nd. Citigroup upped their price target on shares of Payoneer Global from $14.50 to $16.50 and gave the company a "buy" rating in a research report on Tuesday, March 4th. Deutsche Bank Aktiengesellschaft assumed coverage on shares of Payoneer Global in a research note on Monday, February 3rd. They set a "buy" rating and a $13.00 price target for the company. Keefe, Bruyette & Woods raised shares of 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 research report on Tuesday, May 13th. Finally, Needham & Company LLC reduced their target price on shares of Payoneer Global from $14.00 to $8.00 and set a "buy" rating for the company in a report on Thursday, May 8th. 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 stock. Based on data from MarketBeat.com, the company has a consensus rating of "Buy" and a consensus target price of $11.64.
Get Our Latest Stock Report on PAYO
Payoneer Global Trading Down 1.0%
NASDAQ:PAYO opened at $7.14 on Tuesday. The firm has a market cap of $2.57 billion, a P/E ratio of 20.40, a PEG ratio of 2.88 and a beta of 1.03. The stock's 50 day simple moving average is $6.91 and its 200-day simple moving average is $9.00. Payoneer Global Inc. has a 12-month low of $5.03 and a 12-month high of $11.29.
Payoneer Global (NASDAQ:PAYO - Get Free Report) last released 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 net margin of 13.82% and a return on equity of 17.78%. The company had revenue of $246.62 million during the quarter, compared to analyst estimates of $244.52 million. During the same period in the previous year, the firm posted $0.08 EPS. The company's revenue for the quarter was up 8.1% on a year-over-year basis. Research analysts forecast that Payoneer Global Inc. will post 0.34 EPS for the current fiscal year.
Payoneer Global Profile
(
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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