SG Americas Securities LLC Increases Stock Position in Payoneer Global Inc. (NASDAQ:PAYO)

SG Americas Securities LLC raised its holdings in Payoneer Global Inc. (NASDAQ:PAYO - Free Report) by 2,262.5% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 1,215,581 shares of the company's stock after buying an additional 1,164,128 shares during the period. SG Americas Securities LLC owned about 0.34% of Payoneer Global worth $8,886,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also recently made changes to their positions in the business. State of Alaska Department of Revenue grew its stake in shares of Payoneer Global by 1.0% in the 4th quarter. State of Alaska Department of Revenue now owns 145,923 shares of the company's stock worth $1,465,000 after acquiring an additional 1,498 shares in the last quarter. Entropy Technologies LP bought a new stake in shares of Payoneer Global in the 4th quarter worth $540,000. Louisiana State Employees Retirement System grew its stake in shares of Payoneer Global by 1.4% in the 4th quarter. Louisiana State Employees Retirement System now owns 124,100 shares of the company's stock worth $1,246,000 after acquiring an additional 1,700 shares in the last quarter. Allspring Global Investments Holdings LLC grew its stake in shares of Payoneer Global by 133.5% in the 4th quarter. Allspring Global Investments Holdings LLC now owns 97,538 shares of the company's stock worth $990,000 after acquiring an additional 55,766 shares in the last quarter. Finally, Van ECK Associates Corp grew its stake in shares of Payoneer Global by 6.7% in the 4th quarter. Van ECK Associates Corp now owns 89,821 shares of the company's stock worth $902,000 after acquiring an additional 5,612 shares in the last quarter. 82.22% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Several equities analysts recently weighed in on PAYO shares. Needham & Company LLC reduced their price target on shares of Payoneer Global from $14.00 to $8.00 and set a "buy" rating for the company in a research report on Thursday, May 8th. Jefferies Financial Group increased their price target on shares of Payoneer Global from $8.00 to $8.50 and gave the company a "buy" rating in a research report on Tuesday, May 27th. The Goldman Sachs Group reduced their price target on shares of Payoneer Global from $11.00 to $9.00 and set a "buy" rating for the company in a research report on Wednesday, April 2nd. Keefe, Bruyette & Woods upgraded shares of Payoneer Global from a "market perform" rating to an "outperform" rating and increased their price target for the company from $7.00 to $9.00 in a research report on Tuesday, May 13th. Finally, Citigroup restated a "buy" rating and set a $10.00 price target (down previously from $13.00) on shares of Payoneer Global in a research report on Thursday, May 22nd. One equities research analyst has rated the stock with a hold rating, eight have assigned a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of "Buy" and a consensus target price of $10.44.

Payoneer Global Price Performance

NASDAQ:PAYO traded down $0.39 on Friday, reaching $6.51. 2,497,095 shares of the company's stock were exchanged, compared to its average volume of 3,209,850. The firm has a market cap of $2.35 billion, a price-to-earnings ratio of 18.60, a P/E/G ratio of 2.88 and a beta of 0.99. Payoneer Global Inc. has a 52 week low of $5.03 and a 52 week high of $11.29. The stock has a fifty day simple moving average of $6.78 and a 200-day simple moving average of $8.53.

Payoneer Global (NASDAQ:PAYO - Get Free Report) last issued its earnings results on Wednesday, May 7th. The company reported $0.05 earnings per share for the quarter, missing analysts' consensus estimates of $0.07 by ($0.02). The business had revenue of $246.62 million for the quarter, compared to the consensus estimate of $244.52 million. Payoneer Global had a return on equity of 17.78% and a net margin of 13.82%. Payoneer Global's revenue for the quarter was up 8.1% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.08 EPS. As a group, sell-side analysts predict that Payoneer Global Inc. will post 0.34 EPS for the current year.

Insider Transactions at Payoneer Global

In other news, Director Susanna Morgan sold 16,180 shares of the stock in a transaction dated 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 now directly owns 80,902 shares of the company's stock, valued at approximately $547,706.54. This represents a 16.67% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Insiders own 2.58% of the company's stock.

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.