Quantedge Capital Pte Ltd Purchases 84,000 Shares of Payoneer Global Inc. (NASDAQ:PAYO)

Quantedge Capital Pte Ltd boosted its stake in Payoneer Global Inc. (NASDAQ:PAYO - Free Report) by 58.6% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 227,300 shares of the company's stock after purchasing an additional 84,000 shares during the period. Quantedge Capital Pte Ltd owned approximately 0.06% of Payoneer Global worth $2,282,000 at the end of the most recent quarter.

A number of other hedge funds have also added to or reduced their stakes in PAYO. Susquehanna Capital Management LLC lifted its position 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. Arrowstreet Capital Limited Partnership boosted its stake in Payoneer Global by 200.0% during the fourth quarter. Arrowstreet Capital Limited Partnership now owns 3,470,347 shares of the company's stock worth $34,842,000 after buying an additional 2,313,481 shares during the period. Deutsche Bank AG grew its holdings in Payoneer Global by 252.8% during the 4th quarter. Deutsche Bank AG now owns 2,779,110 shares of the company's stock valued at $27,902,000 after purchasing an additional 1,991,449 shares during the last quarter. Driehaus Capital Management LLC purchased a new stake in Payoneer Global in the fourth quarter worth $19,305,000. Finally, D. E. Shaw & Co. Inc. increased its stake in Payoneer Global by 1,065.1% in the 4th quarter. D. E. Shaw & Co. Inc. now owns 2,081,589 shares of the company's stock worth $20,899,000 after buying an additional 1,902,925 shares during the period. 82.22% of the stock is currently owned by hedge funds and other institutional investors.

Payoneer Global Trading Up 0.4%

PAYO traded up $0.03 during trading on Tuesday, reaching $7.17. 790,278 shares of the company were exchanged, compared to its average volume of 3,697,198. Payoneer Global Inc. has a 52 week low of $5.03 and a 52 week high of $11.29. The stock has a market cap of $2.59 billion, a P/E ratio of 20.47, a PEG ratio of 2.88 and a beta of 1.03. The firm has a 50 day moving average of $6.91 and a 200 day moving average of $9.00.

Payoneer Global (NASDAQ:PAYO - Get Free Report) last released its earnings results on Wednesday, May 7th. The company reported $0.05 EPS for the quarter, missing analysts' consensus estimates 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 the consensus estimate of $244.52 million. During the same quarter in the previous year, the firm earned $0.08 earnings per share. The firm's revenue for the quarter was up 8.1% compared to the same quarter last year. As a group, analysts forecast that Payoneer Global Inc. will post 0.34 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

A number of brokerages have commented on PAYO. Citigroup boosted their target price 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 upgraded Payoneer Global from a "market perform" rating to an "outperform" rating and lifted their price target for the company from $7.00 to $9.00 in a research report on Tuesday, May 13th. Needham & Company LLC cut their price target on Payoneer Global from $14.00 to $8.00 and set a "buy" rating for the company in a research note on Thursday, May 8th. Deutsche Bank Aktiengesellschaft started coverage on shares of Payoneer Global in a research report on Monday, February 3rd. They issued a "buy" rating and a $13.00 target price on the stock. Finally, The Goldman Sachs Group dropped their target price on shares of Payoneer Global from $11.00 to $9.00 and set a "buy" rating for the company in a report on Wednesday, April 2nd. One equities research analyst has rated the stock with a hold rating, seven have assigned a buy rating and one has issued a strong buy rating to the company's stock. Based on data from MarketBeat, Payoneer Global has an average rating of "Buy" and an average price target of $11.64.

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.