Quantbot Technologies LP Buys 180,857 Shares of Payoneer Global Inc. $PAYO

Key Points

• Quantbot Technologies LP significantly increased its stake in Payoneer Global Inc. by 548.2% in Q1, acquiring 213,847 shares worth approximately $1.56 million.
• Several institutional investors have also raised their stakes in Payoneer Global, with significant increases from companies like Wells Fargo and LPL Financial.
• Research analysts have mixed views on Payoneer Global, with target prices ranging from $8.00 to $10.00, though the consensus rating remains a "Moderate Buy."

Quantbot Technologies LP boosted its stake in shares of Payoneer Global Inc. (NASDAQ:PAYO - Free Report) by 548.2% during the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 213,847 shares of the company's stock after purchasing an additional 180,857 shares during the period. Quantbot Technologies LP owned about 0.06% of Payoneer Global worth $1,563,000 at the end of the most recent reporting period.

Other institutional investors have also added to or reduced their stakes in the company. LPL Financial LLC boosted its stake in shares of Payoneer Global by 14.4% during the 4th quarter. LPL Financial LLC now owns 33,520 shares of the company's stock worth $337,000 after acquiring an additional 4,230 shares during the last quarter. Wells Fargo & Company MN boosted its stake in shares of Payoneer Global by 47.4% during the 4th quarter. Wells Fargo & Company MN now owns 144,336 shares of the company's stock worth $1,449,000 after acquiring an additional 46,420 shares during the last quarter. Barclays PLC boosted its stake in shares of Payoneer Global by 6.2% during the 4th quarter. Barclays PLC now owns 529,641 shares of the company's stock worth $5,318,000 after acquiring an additional 30,914 shares during the last quarter. Mariner LLC purchased a new position in shares of Payoneer Global during the 4th quarter worth $283,000. Finally, First Trust Advisors LP boosted its stake in shares of Payoneer Global by 2.4% during the 4th quarter. First Trust Advisors LP now owns 830,679 shares of the company's stock worth $8,340,000 after acquiring an additional 19,146 shares during the last quarter. 82.22% of the stock is currently owned by institutional investors.

Payoneer Global Price Performance

Shares of PAYO stock traded up $0.13 on Thursday, hitting $6.92. 553,936 shares of the stock traded hands, compared to its average volume of 3,381,696. The firm has a market cap of $2.49 billion, a price-to-earnings ratio of 26.56, a PEG ratio of 8.90 and a beta of 0.97. The firm has a 50 day simple moving average of $6.76 and a two-hundred day simple moving average of $7.21. Payoneer Global Inc. has a 52 week low of $5.71 and a 52 week high of $11.29.

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

Wall Street Analysts Forecast Growth

Several research analysts have recently weighed in on PAYO shares. Citigroup reiterated a "buy" rating and set a $10.00 price target (down previously from $13.00) on shares of Payoneer Global in a research note on Thursday, May 22nd. Keefe, Bruyette & Woods upgraded shares of 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 note on Tuesday, May 13th. Jefferies Financial Group lifted their price target on shares of Payoneer Global from $8.00 to $8.50 and gave the stock a "buy" rating in a research note on Tuesday, May 27th. Needham & Company LLC lifted their price target on shares of Payoneer Global from $8.00 to $10.00 and gave the stock a "buy" rating in a research note on Wednesday, August 6th. Finally, Wall Street Zen cut shares of Payoneer Global from a "hold" rating to a "sell" rating in a research note on Sunday. Eight investment analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average price target of $10.06.

Insider Transactions at Payoneer Global

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

Payoneer Global Company 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.