Two Sigma Investments LP Has $26.70 Million Stock Holdings in Payoneer Global Inc. (NASDAQ:PAYO)

Two Sigma Investments LP increased its holdings in shares of Payoneer Global Inc. (NASDAQ:PAYO - Free Report) by 20.9% in the fourth quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 2,659,520 shares of the company's stock after purchasing an additional 458,891 shares during the quarter. Two Sigma Investments LP owned 0.75% of Payoneer Global worth $26,702,000 as of its most recent filing with the SEC.

Other large investors have also bought and sold shares of the company. Susquehanna Capital Management LLC grew its stake in shares of Payoneer Global by 290.3% during the 4th quarter. Susquehanna Capital Management LLC now owns 25,268,954 shares of the company's stock worth $253,700,000 after acquiring an additional 18,794,047 shares in the last quarter. Price T Rowe Associates Inc. MD grew its stake in shares of Payoneer Global by 5.3% during the 4th quarter. Price T Rowe Associates Inc. MD now owns 8,709,989 shares of the company's stock worth $87,450,000 after acquiring an additional 440,231 shares in the last quarter. American Century Companies Inc. grew its stake in shares of Payoneer Global by 24.8% during the 4th quarter. American Century Companies Inc. now owns 8,166,652 shares of the company's stock worth $81,993,000 after acquiring an additional 1,624,948 shares in the last quarter. Geode Capital Management LLC grew its stake in shares of Payoneer Global by 2.4% during the 4th quarter. Geode Capital Management LLC now owns 6,777,377 shares of the company's stock worth $68,059,000 after acquiring an additional 156,252 shares in the last quarter. Finally, Millennium Management LLC grew its stake in shares of Payoneer Global by 0.3% during the 4th quarter. Millennium Management LLC now owns 6,523,595 shares of the company's stock worth $65,497,000 after acquiring an additional 21,149 shares in the last quarter. 82.22% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

PAYO has been the subject of several research reports. Keefe, Bruyette & Woods raised shares of Payoneer Global from a "market perform" rating to an "outperform" rating and raised their price target for the stock from $7.00 to $9.00 in a research note on Tuesday, May 13th. Citigroup reaffirmed a "buy" rating and set a $10.00 price target (down from $13.00) on shares of Payoneer Global in a research note on Thursday, May 22nd. Jefferies Financial Group raised 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. Needham & Company LLC decreased 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 note on Thursday, May 8th. Finally, The Goldman Sachs Group decreased 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 note on Wednesday, April 2nd. 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 company's stock. According to MarketBeat.com, the stock has an average rating of "Buy" and an average price target of $10.44.

Payoneer Global Stock Up 2.0%

Shares of NASDAQ:PAYO traded up $0.14 during midday trading on Tuesday, hitting $6.95. The stock had a trading volume of 438,874 shares, compared to its average volume of 3,180,921. Payoneer Global Inc. has a 12 month low of $5.03 and a 12 month high of $11.29. The business's 50-day simple moving average is $6.87 and its 200-day simple moving average is $8.89. The company has a market cap of $2.51 billion, a P/E ratio of 19.84, a PEG ratio of 2.88 and a beta of 1.03.

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

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.