Payoneer Global Inc. (NASDAQ:PAYO) Shares Sold by Entropy Technologies LP

Key Points

• Entropy Technologies LP has decreased its stake in Payoneer Global Inc. by 73.4%, with holdings now valued at $105,000 following the sale of 39,445 shares in the first quarter.
• Multiple institutional investors have increased their positions in Payoneer, with Susquehanna Capital Management LLC growing its stake by 290.3% to 25,268,954 shares, reflecting positive market interest.
• Payoneer Global reported earnings of $0.05 per share for the last quarter, slightly missing estimates, while revenues of $260.61 million exceeded expectations, indicating continued growth in its operations.

Entropy Technologies LP trimmed its holdings in shares of Payoneer Global Inc. (NASDAQ:PAYO - Free Report) by 73.4% during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 14,314 shares of the company's stock after selling 39,445 shares during the quarter. Entropy Technologies LP's holdings in Payoneer Global were worth $105,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in PAYO. Susquehanna Capital Management LLC grew its stake in Payoneer Global by 290.3% during the 4th quarter. Susquehanna Capital Management LLC now owns 25,268,954 shares of the company's stock worth $253,700,000 after buying an additional 18,794,047 shares during the last quarter. Vanguard Group Inc. grew its stake in Payoneer Global by 12.1% during the 1st quarter. Vanguard Group Inc. now owns 33,881,608 shares of the company's stock worth $247,675,000 after buying an additional 3,656,056 shares during the last quarter. Deutsche Bank AG grew its stake in Payoneer Global by 252.8% during the 4th quarter. Deutsche Bank AG now owns 2,779,110 shares of the company's stock worth $27,902,000 after buying an additional 1,991,449 shares during the last quarter. Driehaus Capital Management LLC purchased a new position in Payoneer Global during the 4th quarter worth $19,305,000. Finally, D. E. Shaw & Co. Inc. grew 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 worth $20,899,000 after buying an additional 1,902,925 shares during the last quarter. 82.22% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several research analysts recently weighed in on the company. Needham & Company LLC boosted their target price on Payoneer Global from $8.00 to $10.00 and gave the stock a "buy" rating in a research note on Wednesday, August 6th. Wall Street Zen upgraded Payoneer Global from a "sell" rating to a "hold" rating in a research note on Saturday. Jefferies Financial Group boosted their target price on Payoneer Global from $8.00 to $8.50 and gave the stock a "buy" rating in a research note on Tuesday, May 27th. Citigroup restated a "buy" rating and set a $10.00 target price (down from $13.00) on shares of Payoneer Global in a research note on Thursday, May 22nd. Finally, Deutsche Bank Aktiengesellschaft started coverage on Payoneer Global in a research note on Thursday, July 17th. They issued a "buy" rating and a $8.00 target price for the company. Two equities research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company's stock. According to data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average target price of $10.06.

Insider Buying and Selling at Payoneer Global

In other Payoneer Global news, Director Susanna Morgan sold 16,180 shares of Payoneer Global stock in a transaction dated Monday, June 2nd. The stock was sold at an average price of $6.77, for a total transaction of $109,538.60. Following the completion of the transaction, the director owned 80,902 shares in the company, valued at approximately $547,706.54. This trade represents a 16.67% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Insiders own 2.58% of the company's stock.

Payoneer Global Price Performance

Shares of PAYO stock opened at $6.73 on Friday. The firm has a market capitalization of $2.43 billion, a price-to-earnings ratio of 25.89, a price-to-earnings-growth ratio of 8.80 and a beta of 0.97. The business has a fifty day moving average of $6.75 and a 200 day moving average of $7.43. Payoneer Global Inc. has a 1 year low of $5.71 and a 1 year high of $11.29.

Payoneer Global (NASDAQ:PAYO - Get Free Report) last released its quarterly earnings data on Wednesday, August 6th. The company reported $0.05 earnings per share for the quarter, missing analysts' consensus estimates of $0.06 by ($0.01). The company had revenue of $260.61 million for the quarter, compared to analysts' expectations of $253.17 million. Payoneer Global had a net margin of 9.81% and a return on equity of 13.42%. The business's quarterly revenue was up 8.8% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.09 EPS. As a group, equities research analysts expect that Payoneer Global Inc. will post 0.34 earnings per share for the current year.

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.

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