UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC Has $7.19 Million Holdings in Payoneer Global Inc. (NASDAQ:PAYO)

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its holdings in Payoneer Global Inc. (NASDAQ:PAYO - Free Report) by 23.4% in the 4th quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 715,857 shares of the company's stock after purchasing an additional 135,730 shares during the quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC owned 0.20% of Payoneer Global worth $7,187,000 as of its most recent filing with the SEC.

Several other large investors have also recently bought and sold shares of the stock. Voloridge Investment Management LLC bought a new stake in shares of Payoneer Global during the 4th quarter worth $13,302,000. Vident Advisory LLC bought a new position in shares of Payoneer Global in the 4th quarter valued at approximately $220,000. Two Sigma Advisers LP boosted its holdings in Payoneer Global by 31.1% during the fourth quarter. Two Sigma Advisers LP now owns 2,711,300 shares of the company's stock valued at $27,221,000 after acquiring an additional 642,400 shares during the period. Two Sigma Investments LP increased its stake in shares of Payoneer Global by 20.9% in the fourth quarter. Two Sigma Investments LP now owns 2,659,520 shares of the company's stock worth $26,702,000 after purchasing an additional 458,891 shares during the period. Finally, Tidal Investments LLC increased its stake in shares of Payoneer Global by 14.0% in the fourth quarter. Tidal Investments LLC now owns 222,733 shares of the company's stock worth $2,236,000 after purchasing an additional 27,326 shares during the period. Institutional investors and hedge funds own 82.22% of the company's stock.

Insiders Place Their Bets

In other news, Director Susanna Morgan sold 16,180 shares of the stock in a transaction on Monday, June 2nd. The stock was sold at an average price of $6.77, for a total value of $109,538.60. Following the transaction, the director now owns 80,902 shares of the company's stock, valued at $547,706.54. This represents a 16.67% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Company insiders own 2.58% of the company's stock.

Payoneer Global Price Performance

Shares of PAYO traded up $0.11 on Thursday, hitting $6.88. The company's stock had a trading volume of 2,225,568 shares, compared to its average volume of 3,195,204. The company has a market capitalization of $2.49 billion, a PE ratio of 19.66, a PEG ratio of 2.88 and a beta of 0.99. Payoneer Global Inc. has a fifty-two week low of $5.03 and a fifty-two week high of $11.29. The company has a 50 day moving average price of $6.75 and a 200 day moving average price of $8.71.

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

Analysts Set New Price Targets

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

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.