Quantbot Technologies LP Boosts Holdings in 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 position in Payoneer Global Inc. (NASDAQ:PAYO - Free Report) by 548.2% during the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 213,847 shares of the company's stock after buying an additional 180,857 shares during the period. Quantbot Technologies LP owned approximately 0.06% of Payoneer Global worth $1,563,000 as of its most recent SEC filing.

Several other institutional investors also recently made changes to their positions in PAYO. LPL Financial LLC boosted its position 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 purchasing an additional 4,230 shares in the last quarter. Wells Fargo & Company MN boosted its position 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 purchasing an additional 46,420 shares in the last quarter. Barclays PLC boosted its position 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 purchasing an additional 30,914 shares in the last quarter. Mariner LLC purchased a new stake in shares of Payoneer Global during the 4th quarter worth $283,000. Finally, First Trust Advisors LP boosted its position 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 purchasing an additional 19,146 shares in the last quarter. 82.22% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several equities research analysts have commented on PAYO shares. Citigroup restated a "buy" rating and set a $10.00 target price (down from $13.00) on shares of Payoneer Global in a research report on Thursday, May 22nd. Deutsche Bank Aktiengesellschaft assumed coverage on Payoneer Global in a research note on Thursday, July 17th. They set a "buy" rating and a $8.00 price target for the company. 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 note on Tuesday, May 13th. Wall Street Zen raised Payoneer Global from a "sell" rating to a "hold" rating in a research note on Saturday, August 16th. 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 research note on Tuesday, May 27th. Eight research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company. According to MarketBeat, Payoneer Global currently has an average rating of "Moderate Buy" and a consensus target price of $10.06.

Payoneer Global Trading Up 5.4%

Shares of PAYO stock opened at $7.01 on Friday. The firm has a 50-day moving average price of $6.75 and a 200 day moving average price of $7.30. Payoneer Global Inc. has a twelve month low of $5.71 and a twelve month high of $11.29. The company has a market capitalization of $2.53 billion, a price-to-earnings ratio of 26.96, a PEG ratio of 8.75 and a beta of 0.97.

Payoneer Global (NASDAQ:PAYO - Get Free Report) last posted its quarterly earnings data on Wednesday, August 6th. The company reported $0.05 EPS 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 analyst estimates of $253.17 million. Payoneer Global had a net margin of 9.81% and a return on equity of 13.42%. The company's revenue was up 8.8% compared to the same quarter last year. During the same period in the prior year, the company earned $0.09 EPS. As a group, research analysts predict that Payoneer Global Inc. will post 0.34 earnings per share for the current year.

Insiders Place Their Bets

In other news, Director Susanna Morgan sold 16,180 shares of the stock in a transaction that occurred on 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 directly owned 80,902 shares in the company, valued at approximately $547,706.54. This represents a 16.67% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. 2.58% of the stock is currently owned by corporate insiders.

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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