Payoneer Global Inc. (NASDAQ:PAYO) Shares Acquired by Two Sigma Advisers LP

Two Sigma Advisers LP grew its holdings in shares of Payoneer Global Inc. (NASDAQ:PAYO - Free Report) by 31.1% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 2,711,300 shares of the company's stock after purchasing an additional 642,400 shares during the period. Two Sigma Advisers LP owned about 0.76% of Payoneer Global worth $27,221,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Robeco Institutional Asset Management B.V. purchased a new stake in Payoneer Global during the fourth quarter worth about $1,233,000. Y Intercept Hong Kong Ltd purchased a new stake in Payoneer Global during the fourth quarter worth about $1,276,000. Entropy Technologies LP purchased a new stake in Payoneer Global during the fourth quarter worth about $540,000. Allspring Global Investments Holdings LLC increased its stake in Payoneer Global by 133.5% during the fourth quarter. Allspring Global Investments Holdings LLC now owns 97,538 shares of the company's stock worth $990,000 after purchasing an additional 55,766 shares during the period. Finally, Counterpoint Mutual Funds LLC purchased a new stake in Payoneer Global during the fourth quarter worth about $1,809,000. 82.22% of the stock is currently owned by hedge funds and other institutional investors.

Payoneer Global Stock Down 0.9%

PAYO traded down $0.06 on Friday, reaching $6.81. The company's stock had a trading volume of 1,819,621 shares, compared to its average volume of 3,185,676. The stock has a 50 day moving average of $6.89 and a two-hundred day moving average of $8.94. The company has a market capitalization of $2.46 billion, a price-to-earnings ratio of 19.46, 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.

Payoneer Global (NASDAQ:PAYO - Get Free Report) last announced its quarterly earnings results 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). The business had revenue of $246.62 million during the quarter, compared to analyst estimates of $244.52 million. Payoneer Global had a net margin of 13.82% and a return on equity of 17.78%. The business's revenue for the quarter was up 8.1% compared to the same quarter last year. During the same period last year, the company earned $0.08 earnings per share. As a group, analysts anticipate that Payoneer Global Inc. will post 0.34 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

PAYO has been the topic of a number of recent research reports. The Goldman Sachs Group cut their price target on shares of Payoneer Global from $11.00 to $9.00 and set a "buy" rating on the stock in a research note on Wednesday, April 2nd. Needham & Company LLC lowered their price objective on Payoneer Global from $14.00 to $8.00 and set a "buy" rating for the company in a research report on Thursday, May 8th. Keefe, Bruyette & Woods raised Payoneer Global from a "market perform" rating to an "outperform" rating and boosted their price objective for the stock from $7.00 to $9.00 in a research report on Tuesday, May 13th. Citigroup reissued a "buy" rating and set a $10.00 price objective (down from $13.00) on shares of Payoneer Global in a research report on Thursday. Finally, Deutsche Bank Aktiengesellschaft began coverage on Payoneer Global in a research report on Monday, February 3rd. They set a "buy" rating and a $13.00 price objective for the company. One research analyst has rated the stock with a hold rating, seven have given a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of "Buy" and a consensus price target of $10.71.

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.