PDT Partners LLC Purchases 132,994 Shares of Payoneer Global Inc. (NASDAQ:PAYO)

PDT Partners LLC grew its holdings in shares of Payoneer Global Inc. (NASDAQ:PAYO - Free Report) by 44.9% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 429,297 shares of the company's stock after buying an additional 132,994 shares during the period. PDT Partners LLC owned 0.12% of Payoneer Global worth $4,310,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also recently added to or reduced their stakes in the business. Quarry LP bought a new stake in shares of Payoneer Global during the fourth quarter valued at about $29,000. Smartleaf Asset Management LLC boosted its stake in shares of Payoneer Global by 405.8% during the 4th quarter. Smartleaf Asset Management LLC now owns 3,819 shares of the company's stock worth $38,000 after acquiring an additional 3,064 shares in the last quarter. Fifth Third Bancorp boosted its position in shares of Payoneer Global by 29.3% in the 4th quarter. Fifth Third Bancorp now owns 4,488 shares of the company's stock valued at $45,000 after purchasing an additional 1,016 shares during the period. Blue Trust Inc. increased its position in shares of Payoneer Global by 21.2% in the fourth quarter. Blue Trust Inc. now owns 5,380 shares of the company's stock worth $54,000 after acquiring an additional 940 shares in the last quarter. Finally, GAMMA Investing LLC raised its stake in Payoneer Global by 41.7% during the 4th quarter. GAMMA Investing LLC now owns 8,241 shares of the company's stock valued at $83,000 after purchasing an additional 2,425 shares during the period. Institutional investors own 82.22% of the company's stock.

Analysts Set New Price Targets

PAYO has been the subject of several research reports. Citigroup raised their price target on shares of Payoneer Global from $14.50 to $16.50 and gave the stock a "buy" rating in a report on Tuesday, March 4th. Keefe, Bruyette & Woods decreased their target price on shares of Payoneer Global from $10.00 to $8.00 and set a "market perform" rating for the company in a research note on Monday, March 31st. The Goldman Sachs Group cut their price objective on Payoneer Global from $11.00 to $9.00 and set a "buy" rating for the company in a report on Wednesday, April 2nd. Wolfe Research downgraded Payoneer Global from an "outperform" rating to a "peer perform" rating in a research note on Wednesday, January 8th. Finally, Deutsche Bank Aktiengesellschaft initiated coverage on Payoneer Global in a research note on Monday, February 3rd. They set a "buy" rating and a $13.00 price target for the company. Two investment analysts have rated the stock with a hold rating, six have issued a buy rating and one has issued a strong buy rating to the company's stock. Based on data from MarketBeat, the company currently has an average rating of "Moderate Buy" and an average price target of $12.36.

Payoneer Global Trading Up 0.9 %

NASDAQ PAYO traded up $0.06 during trading on Thursday, hitting $7.09. 2,978,136 shares of the company traded hands, compared to its average volume of 3,071,284. The company has a market capitalization of $2.55 billion, a P/E ratio of 20.26, a PEG ratio of 2.88 and a beta of 1.02. The business has a fifty day simple moving average of $7.20 and a 200 day simple moving average of $9.11. Payoneer Global Inc. has a 12 month low of $4.90 and a 12 month high of $11.29.

Payoneer Global (NASDAQ:PAYO - Get Free Report) last announced its earnings results on Thursday, February 27th. The company reported $0.05 EPS for the quarter, missing the consensus estimate of $0.06 by ($0.01). The firm had revenue of $261.74 million during the quarter, compared to the consensus estimate of $242.14 million. Payoneer Global had a return on equity of 17.78% and a net margin of 13.82%. During the same quarter last year, the business earned $0.05 EPS. Equities research analysts predict that Payoneer Global Inc. will post 0.34 EPS for the current fiscal year.

About Payoneer Global

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.