Cubist Systematic Strategies LLC Grows Position in Payoneer Global Inc. (NASDAQ:PAYO)

Cubist Systematic Strategies LLC increased its stake in shares of Payoneer Global Inc. (NASDAQ:PAYO - Free Report) by 570.4% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 984,213 shares of the company's stock after purchasing an additional 837,403 shares during the quarter. Cubist Systematic Strategies LLC owned 0.28% of Payoneer Global worth $9,881,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Susquehanna Capital Management LLC boosted its holdings in shares of Payoneer Global by 290.3% in the fourth quarter. Susquehanna Capital Management LLC now owns 25,268,954 shares of the company's stock valued at $253,700,000 after acquiring an additional 18,794,047 shares in the last quarter. Price T Rowe Associates Inc. MD increased its position in 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 purchasing an additional 440,231 shares during the period. American Century Companies Inc. increased its position in 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 purchasing an additional 1,624,948 shares during the period. Geode Capital Management LLC raised 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 buying an additional 156,252 shares in the last quarter. Finally, Dimensional Fund Advisors LP lifted its holdings in shares of Payoneer Global by 6.7% in the 4th quarter. Dimensional Fund Advisors LP now owns 5,982,879 shares of the company's stock valued at $60,067,000 after buying an additional 377,008 shares during the period. 82.22% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of equities research analysts have commented on PAYO shares. Keefe, Bruyette & Woods reduced their target price on Payoneer Global from $8.00 to $7.00 and set a "market perform" rating for the company in a report on Thursday. The Goldman Sachs Group decreased their price objective on shares of Payoneer Global from $11.00 to $9.00 and set a "buy" rating on the stock in a report on Wednesday, April 2nd. Citigroup lifted their price target on shares of Payoneer Global from $14.50 to $16.50 and gave the company a "buy" rating in a research report on Tuesday, March 4th. Needham & Company LLC decreased 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. Finally, Deutsche Bank Aktiengesellschaft initiated coverage on Payoneer Global in a research note on Monday, February 3rd. They issued a "buy" rating and a $13.00 price objective for the company. Two investment analysts have rated the stock with a hold rating, six have assigned a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, Payoneer Global has an average rating of "Moderate Buy" and a consensus target price of $11.36.

Payoneer Global Trading Up 4.7 %

Shares of NASDAQ PAYO traded up $0.30 during trading on Friday, reaching $6.63. The company had a trading volume of 7,795,899 shares, compared to its average volume of 3,135,159. Payoneer Global Inc. has a twelve month low of $5.03 and a twelve month high of $11.29. The stock has a 50-day moving average price of $6.94 and a two-hundred day moving average price of $9.05. The stock has a market capitalization of $2.39 billion, a PE ratio of 18.94, a price-to-earnings-growth 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 (EPS) for the quarter, missing analysts' consensus estimates of $0.07 by ($0.02). The firm had revenue of $246.62 million during the quarter, compared to analysts' expectations of $244.52 million. Payoneer Global had a net margin of 13.82% and a return on equity of 17.78%. Payoneer Global's revenue for the quarter was up 8.1% on a year-over-year basis. During the same quarter last year, the company posted $0.08 earnings per share. On average, sell-side analysts predict that Payoneer Global Inc. will post 0.34 EPS for the current year.

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.