Nantahala Capital Management LLC reduced its stake in shares of Payoneer Global Inc. (NASDAQ:PAYO - Free Report) by 27.3% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 1,538,600 shares of the company's stock after selling 577,053 shares during the quarter. Payoneer Global accounts for approximately 0.7% of Nantahala Capital Management LLC's portfolio, making the stock its 25th largest holding. Nantahala Capital Management LLC owned 0.43% of Payoneer Global worth $15,448,000 at the end of the most recent reporting period.
Several other institutional investors and hedge funds also recently added to or reduced their stakes in PAYO. Barclays PLC grew its position in Payoneer Global by 352.8% during the third quarter. Barclays PLC now owns 498,727 shares of the company's stock worth $3,755,000 after buying an additional 388,584 shares during the period. Tidal Investments LLC grew its position in Payoneer Global by 4.6% during the third quarter. Tidal Investments LLC now owns 195,407 shares of the company's stock worth $1,471,000 after buying an additional 8,637 shares during the period. Lord Abbett & CO. LLC acquired a new position in Payoneer Global during the third quarter worth about $6,064,000. GAMMA Investing LLC grew its position in Payoneer Global by 41.7% during the fourth quarter. GAMMA Investing LLC now owns 8,241 shares of the company's stock worth $83,000 after buying an additional 2,425 shares during the period. Finally, Nordea Investment Management AB grew its position in shares of Payoneer Global by 4.9% in the fourth quarter. Nordea Investment Management AB now owns 881,026 shares of the company's stock valued at $8,951,000 after purchasing an additional 41,106 shares during the last quarter. 82.22% of the stock is currently owned by institutional investors and hedge funds.
Payoneer Global Stock Performance
Payoneer Global stock traded up $0.06 during midday trading on Thursday, reaching $7.09. The stock had a trading volume of 2,978,136 shares, compared to its average volume of 3,071,284. Payoneer Global Inc. has a twelve month low of $4.90 and a twelve month high of $11.29. The stock has a market capitalization of $2.55 billion, a PE ratio of 20.26, a price-to-earnings-growth ratio of 2.88 and a beta of 1.02. The stock's 50-day simple moving average is $7.26 and its 200 day simple moving average is $9.12.
Payoneer Global (NASDAQ:PAYO - Get Free Report) last issued its quarterly earnings data on Thursday, February 27th. The company reported $0.05 EPS for the quarter, missing analysts' consensus estimates of $0.06 by ($0.01). Payoneer Global had a return on equity of 17.78% and a net margin of 13.82%. The company had revenue of $261.74 million for the quarter, compared to analyst estimates of $242.14 million. During the same quarter in the prior year, the firm earned $0.05 EPS. Equities analysts predict that Payoneer Global Inc. will post 0.34 earnings per share for the current fiscal year.
Wall Street Analyst Weigh In
PAYO has been the topic of several research reports. Keefe, Bruyette & Woods lowered their price target on shares of Payoneer Global from $10.00 to $8.00 and set a "market perform" rating on the stock in a research report on Monday, March 31st. Deutsche Bank Aktiengesellschaft assumed coverage on shares of Payoneer Global in a research report on Monday, February 3rd. They issued a "buy" rating and a $13.00 price target on the stock. Citigroup upped their price objective on shares of Payoneer Global from $14.50 to $16.50 and gave the company a "buy" rating in a research note on Tuesday, March 4th. The Goldman Sachs Group reduced their price objective 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. Finally, Wolfe Research downgraded shares of Payoneer Global from an "outperform" rating to a "peer perform" rating in a research note on Wednesday, January 8th. Two analysts have rated the stock with a hold rating, six have issued a buy rating and one has given a strong buy rating to the company's stock. According to MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $12.36.
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About Payoneer Global
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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.
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