Payoneer Global Inc. (NASDAQ:PAYO) Shares Acquired by Trexquant Investment LP

Trexquant Investment LP grew its stake in shares of Payoneer Global Inc. (NASDAQ:PAYO - Free Report) by 40.1% in the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 490,690 shares of the company's stock after acquiring an additional 140,567 shares during the period. Trexquant Investment LP owned about 0.14% of Payoneer Global worth $4,927,000 at the end of the most recent quarter.

A number of other large investors have also recently modified their holdings of the company. Robeco Institutional Asset Management B.V. bought a new position in shares of Payoneer Global during the 4th quarter worth $1,233,000. Y Intercept Hong Kong Ltd purchased a new position in shares of Payoneer Global in the fourth quarter worth $1,276,000. FMR LLC lifted its position in Payoneer Global by 17.2% during the 3rd quarter. FMR LLC now owns 1,129,312 shares of the company's stock worth $8,504,000 after acquiring an additional 165,913 shares during the period. Entropy Technologies LP acquired a new position in shares of Payoneer Global in the fourth quarter valued at about $540,000. Finally, Allspring Global Investments Holdings LLC raised its stake in shares of Payoneer Global by 133.5% in the fourth quarter. Allspring Global Investments Holdings LLC now owns 97,538 shares of the company's stock worth $990,000 after purchasing an additional 55,766 shares during the last quarter. Hedge funds and other institutional investors own 82.22% of the company's stock.

Payoneer Global Trading Down 6.6 %

PAYO traded down $0.43 during mid-day trading on Thursday, hitting $6.16. 830,213 shares of the stock were exchanged, compared to its average volume of 2,966,794. The firm's fifty day moving average is $8.44 and its two-hundred day moving average is $9.24. Payoneer Global Inc. has a 1-year low of $4.69 and a 1-year high of $11.29. The company has a market cap of $2.22 billion, a PE ratio of 17.62, a PEG ratio of 2.88 and a beta of 1.02.

Payoneer Global (NASDAQ:PAYO - Get Free Report) last released its earnings results on Thursday, February 27th. The company reported $0.05 earnings per share (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 business had revenue of $261.74 million for the quarter, compared to analyst estimates of $242.14 million. During the same quarter last year, the company earned $0.05 earnings per share. As a group, research analysts anticipate that Payoneer Global Inc. will post 0.34 earnings per share for the current year.

Insider Activity at Payoneer Global

In other Payoneer Global news, CFO Beatrice Ordonez sold 85,000 shares of Payoneer Global stock in a transaction dated Tuesday, January 21st. The stock was sold at an average price of $10.40, for a total transaction of $884,000.00. Following the completion of the sale, the chief financial officer now directly owns 2,305,245 shares of the company's stock, valued at $23,974,548. The trade was a 3.56 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. 5.57% of the stock is owned by corporate insiders.

Analyst Ratings Changes

A number of equities analysts have issued reports on PAYO shares. 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 research report on Tuesday, March 4th. Deutsche Bank Aktiengesellschaft began coverage on shares of Payoneer Global in a report on Monday, February 3rd. They issued a "buy" rating and a $13.00 price target on the stock. The Goldman Sachs Group decreased 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. Keefe, Bruyette & Woods dropped their target price on Payoneer Global from $10.00 to $8.00 and set a "market perform" rating on the stock in a report on Monday, March 31st. Finally, Wolfe Research lowered shares of Payoneer Global from an "outperform" rating to a "peer perform" rating in a research report on Wednesday, January 8th. Two research analysts have rated the stock with a hold rating, six have given a buy rating and one has assigned a strong buy rating to the company's stock. Based on data from MarketBeat.com, Payoneer Global has a consensus rating of "Moderate Buy" and a consensus price target of $12.36.

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.