Walleye Capital LLC increased its holdings in Payoneer Global Inc. (NASDAQ:PAYO - Free Report) by 162.5% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 410,139 shares of the company's stock after acquiring an additional 253,920 shares during the period. Walleye Capital LLC owned about 0.12% of Payoneer Global worth $4,118,000 at the end of the most recent quarter.
Several other institutional investors and hedge funds have also recently modified their holdings of the stock. CreativeOne Wealth LLC purchased a new position in shares of Payoneer Global in the 4th quarter worth approximately $103,000. Mariner LLC purchased a new stake in Payoneer Global during the 4th quarter worth about $283,000. Barclays PLC lifted its holdings in shares of Payoneer Global by 6.2% in the fourth quarter. Barclays PLC now owns 529,641 shares of the company's stock worth $5,318,000 after buying an additional 30,914 shares in the last quarter. Summit Investment Advisors Inc. boosted its holdings in Payoneer Global by 5.8% in the 4th quarter. Summit Investment Advisors Inc. now owns 30,355 shares of the company's stock valued at $305,000 after purchasing an additional 1,663 shares during the period. Finally, Capula Management Ltd purchased a new position in Payoneer Global during the fourth quarter worth about $290,000. 82.22% of the stock is owned by hedge funds and other institutional investors.
Payoneer Global Trading Up 2.7 %
PAYO stock traded up $0.17 during midday trading on Tuesday, hitting $6.32. The company's stock had a trading volume of 304,023 shares, compared to its average volume of 3,018,964. The firm's 50-day moving average is $7.77 and its 200-day moving average is $9.18. The company has a market cap of $2.27 billion, a PE ratio of 18.04, a P/E/G ratio of 2.88 and a beta of 1.02. Payoneer Global Inc. has a 12 month low of $4.86 and a 12 month high of $11.29.
Payoneer Global (NASDAQ:PAYO - Get Free Report) last released its quarterly earnings results on Thursday, February 27th. The company reported $0.05 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.06 by ($0.01). Payoneer Global had a net margin of 13.82% and a return on equity of 17.78%. The company had revenue of $261.74 million for the quarter, compared to the consensus estimate of $242.14 million. During the same period in the prior year, the firm posted $0.05 EPS. Analysts expect that Payoneer Global Inc. will post 0.34 earnings per share for the current year.
Wall Street Analyst Weigh In
PAYO has been the subject of several research analyst reports. Keefe, Bruyette & Woods dropped 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 report on Monday, March 31st. The Goldman Sachs Group lowered their price objective on Payoneer Global from $11.00 to $9.00 and set a "buy" rating for the company in a research report on Wednesday, April 2nd. Deutsche Bank Aktiengesellschaft started coverage on shares of Payoneer Global in a report on Monday, February 3rd. They set a "buy" rating and a $13.00 target price for the company. Citigroup upped their price objective 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. Finally, Wolfe Research downgraded Payoneer Global from an "outperform" rating to a "peer perform" rating in a report on Wednesday, January 8th. Two investment 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 an average rating of "Moderate Buy" and an average price target of $12.36.
Check Out Our Latest Research Report on Payoneer Global
About Payoneer Global
(
Free Report)
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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