Payoneer Global Inc. (NASDAQ:PAYO) Shares Sold by Temasek Holdings Private Ltd

Temasek Holdings Private Ltd decreased its holdings in shares of Payoneer Global Inc. (NASDAQ:PAYO - Free Report) by 30.9% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 13,748,577 shares of the company's stock after selling 6,151,183 shares during the period. Temasek Holdings Private Ltd owned about 3.86% of Payoneer Global worth $138,036,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds have also recently modified their holdings of the company. Quarry LP bought a new stake in Payoneer Global during the 4th quarter worth approximately $29,000. Smartleaf Asset Management LLC boosted its position in shares of Payoneer Global by 405.8% during the 4th quarter. Smartleaf Asset Management LLC now owns 3,819 shares of the company's stock valued at $38,000 after acquiring an additional 3,064 shares during the last quarter. Fifth Third Bancorp boosted its position in shares of Payoneer Global by 29.3% during the 4th quarter. Fifth Third Bancorp now owns 4,488 shares of the company's stock valued at $45,000 after acquiring an additional 1,016 shares during the last quarter. Blue Trust Inc. increased its stake in Payoneer Global by 21.2% during the fourth quarter. Blue Trust Inc. now owns 5,380 shares of the company's stock worth $54,000 after acquiring an additional 940 shares during the last quarter. Finally, CreativeOne Wealth LLC bought a new stake in shares of Payoneer Global in the 4th quarter worth about $103,000. Institutional investors own 82.22% of the company's stock.

Payoneer Global Stock Performance

PAYO stock traded down $0.29 on Wednesday, reaching $6.90. The company had a trading volume of 2,345,154 shares, compared to its average volume of 3,194,390. Payoneer Global Inc. has a 1 year low of $5.03 and a 1 year high of $11.29. The company's fifty day moving average is $6.91 and its 200 day moving average is $8.99. The company has a market cap of $2.50 billion, a P/E ratio of 19.71, a PEG ratio of 2.88 and a beta of 1.03.

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

Wall Street Analyst Weigh In

Several equities analysts have commented on the company. Needham & Company LLC cut their price objective on Payoneer Global from $14.00 to $8.00 and set a "buy" rating on the stock in a research report on Thursday, May 8th. Citigroup upped their price objective on shares of Payoneer Global from $14.50 to $16.50 and gave the stock a "buy" rating in a research report on Tuesday, March 4th. The Goldman Sachs Group cut their price objective on shares of Payoneer Global from $11.00 to $9.00 and set a "buy" rating for the company in a report on Wednesday, April 2nd. Keefe, Bruyette & Woods raised shares of Payoneer Global from a "market perform" rating to an "outperform" rating and boosted their price target for the company from $7.00 to $9.00 in a research report on Tuesday, May 13th. Finally, Deutsche Bank Aktiengesellschaft assumed coverage on Payoneer Global in a research report on Monday, February 3rd. They issued a "buy" rating and a $13.00 target price for the company. One analyst has rated the stock with a hold rating, seven have issued a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, the stock has a consensus rating of "Buy" and an average target price of $11.64.

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.