Point72 Asset Management L.P. Sells 67,640 Shares of Payoneer Global Inc. (NASDAQ:PAYO)

Point72 Asset Management L.P. cut its holdings in shares of Payoneer Global Inc. (NASDAQ:PAYO - Free Report) by 48.6% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 71,641 shares of the company's stock after selling 67,640 shares during the quarter. Point72 Asset Management L.P.'s holdings in Payoneer Global were worth $719,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Susquehanna Capital Management LLC increased its holdings in Payoneer Global by 290.3% in the fourth 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. Price T Rowe Associates Inc. MD raised its holdings in shares of Payoneer Global by 5.3% during the 4th quarter. Price T Rowe Associates Inc. MD now owns 8,709,989 shares of the company's stock valued at $87,450,000 after purchasing an additional 440,231 shares in the last quarter. American Century Companies Inc. raised its holdings in shares of Payoneer Global by 24.8% during the 4th quarter. American Century Companies Inc. now owns 8,166,652 shares of the company's stock valued at $81,993,000 after purchasing an additional 1,624,948 shares in the last quarter. Geode Capital Management LLC boosted its holdings in Payoneer Global by 2.4% in the fourth quarter. Geode Capital Management LLC now owns 6,777,377 shares of the company's stock worth $68,059,000 after purchasing an additional 156,252 shares in the last quarter. Finally, Millennium Management LLC raised its holdings in Payoneer Global by 0.3% during the fourth quarter. Millennium Management LLC now owns 6,523,595 shares of the company's stock valued at $65,497,000 after buying an additional 21,149 shares in 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 issued reports on PAYO shares. The Goldman Sachs Group decreased their target price on Payoneer Global from $11.00 to $9.00 and set a "buy" rating for the company in a research report on Wednesday, April 2nd. Deutsche Bank Aktiengesellschaft initiated coverage on shares of Payoneer Global in a research report on Monday, February 3rd. They set a "buy" rating and a $13.00 target price for the company. Citigroup reaffirmed a "buy" rating and issued a $10.00 price target (down from $13.00) on shares of Payoneer Global in a research report on Thursday, May 22nd. Needham & Company LLC decreased their target price on Payoneer Global from $14.00 to $8.00 and set a "buy" rating for the company in a research note on Thursday, May 8th. Finally, Keefe, Bruyette & Woods raised Payoneer Global from a "market perform" rating to an "outperform" rating and lifted their price target 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 given a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, Payoneer Global presently has a consensus rating of "Buy" and an average price target of $10.44.

Payoneer Global Trading Down 0.7%

NASDAQ:PAYO traded down $0.05 during mid-day trading on Wednesday, hitting $6.81. The company's stock had a trading volume of 237,712 shares, compared to its average volume of 3,178,319. The company has a market capitalization of $2.46 billion, a price-to-earnings ratio of 19.45, a P/E/G ratio of 2.88 and a beta of 1.03. Payoneer Global Inc. has a fifty-two week low of $5.03 and a fifty-two week high of $11.29. The stock has a fifty day moving average of $6.86 and a 200-day moving average of $8.88.

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 (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 for the quarter, compared to the consensus estimate of $244.52 million. During the same period in the previous year, the business posted $0.08 earnings per share. The firm's revenue was up 8.1% compared to the same quarter last year. On average, equities analysts anticipate that Payoneer Global Inc. will post 0.34 earnings per share for the current fiscal year.

About Payoneer Global

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.