PDT Partners LLC Has $2.11 Million Holdings in Payoneer Global Inc. $PAYO

Key Points

• PDT Partners LLC reduced its stake in Payoneer Global Inc. by 32.7% in Q1, leaving it with 288,928 shares valued at approximately $2.11 million.
• Payoneer Global recently reported Q2 earnings with $0.05 EPS, missing estimates, while revenue increased 8.8% year-over-year to $260.61 million.
• Analysts have shown optimism, with a consensus rating of "Moderate Buy" and a price target of $10.06, despite Citigroup lowering its price objective from $13.00 to $10.00.

PDT Partners LLC decreased its holdings in Payoneer Global Inc. (NASDAQ:PAYO - Free Report) by 32.7% in the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 288,928 shares of the company's stock after selling 140,369 shares during the period. PDT Partners LLC owned 0.08% of Payoneer Global worth $2,112,000 at the end of the most recent reporting period.

Other large investors have also recently modified their holdings of the company. Mariner LLC bought a new stake in Payoneer Global during the fourth quarter valued at approximately $283,000. Northern Trust Corp increased its stake in shares of Payoneer Global by 17.9% in the 4th quarter. Northern Trust Corp now owns 3,019,162 shares of the company's stock worth $30,312,000 after acquiring an additional 458,594 shares in the last quarter. Algert Global LLC increased its stake in Payoneer Global by 9.2% during the 4th quarter. Algert Global LLC now owns 198,302 shares of the company's stock valued at $1,991,000 after purchasing an additional 16,695 shares in the last quarter. Ameriprise Financial Inc. boosted its holdings in shares of Payoneer Global by 47.9% during the 4th quarter. Ameriprise Financial Inc. now owns 5,146,874 shares of the company's stock valued at $51,675,000 after acquiring an additional 1,667,769 shares during the last quarter. Finally, BNP Paribas Financial Markets purchased a new stake in shares of Payoneer Global during the 4th quarter valued at about $10,198,000. Hedge funds and other institutional investors own 82.22% of the company's stock.

Analyst Ratings Changes

Several research firms have recently issued reports on PAYO. Deutsche Bank Aktiengesellschaft initiated coverage on shares of Payoneer Global in a research report on Thursday, July 17th. They set a "buy" rating and a $8.00 price objective on the stock. Wall Street Zen upgraded shares of Payoneer Global from a "sell" rating to a "hold" rating in a report on Monday, September 1st. Needham & Company LLC upped their price objective on Payoneer Global from $8.00 to $10.00 and gave the stock a "buy" rating in a research report on Wednesday, August 6th. Citigroup reissued a "buy" rating and issued a $10.00 price objective (down from $13.00) on shares of Payoneer Global in a research note on Thursday, May 22nd. Finally, Jefferies Financial Group lifted their price target on Payoneer Global from $8.00 to $8.50 and gave the stock a "buy" rating in a report on Tuesday, May 27th. Eight analysts have rated the stock with a Buy rating and one has given a Hold rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $10.06.

Payoneer Global Stock Down 0.7%

Shares of PAYO traded down $0.05 during trading hours on Friday, reaching $6.65. 2,534,595 shares of the company traded hands, compared to its average volume of 2,802,339. The stock has a market capitalization of $2.40 billion, a PE ratio of 25.58, a price-to-earnings-growth ratio of 8.75 and a beta of 0.98. Payoneer Global Inc. has a fifty-two week low of $5.71 and a fifty-two week high of $11.29. The stock has a fifty day simple moving average of $6.77 and a 200 day simple moving average of $7.01.

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