Dynamic Technology Lab Private Ltd Raises Stake in Payoneer Global Inc. $PAYO

Dynamic Technology Lab Private Ltd grew its stake in Payoneer Global Inc. (NASDAQ:PAYO) by 293.1% in the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 196,666 shares of the company’s stock after acquiring an additional 146,633 shares during the quarter. Dynamic Technology Lab Private Ltd’s holdings in Payoneer Global were worth $1,190,000 as of its most recent SEC filing.

Other institutional investors have also modified their holdings of the company. Geode Capital Management LLC boosted its position in shares of Payoneer Global by 3.3% during the 2nd quarter. Geode Capital Management LLC now owns 7,058,130 shares of the company’s stock valued at $48,353,000 after acquiring an additional 226,215 shares during the last quarter. Bailard Inc. purchased a new stake in shares of Payoneer Global in the second quarter valued at about $419,000. GSA Capital Partners LLP increased its position in Payoneer Global by 195.9% during the third quarter. GSA Capital Partners LLP now owns 395,610 shares of the company’s stock worth $2,393,000 after purchasing an additional 261,895 shares during the last quarter. Azora Capital LP acquired a new stake in Payoneer Global during the second quarter worth about $30,996,000. Finally, Neo Ivy Capital Management purchased a new position in Payoneer Global during the second quarter worth about $806,000. Hedge funds and other institutional investors own 82.22% of the company’s stock.

Payoneer Global Price Performance

NASDAQ PAYO opened at $4.70 on Monday. The firm’s 50-day moving average is $5.51 and its two-hundred day moving average is $5.86. Payoneer Global Inc. has a 12 month low of $4.08 and a 12 month high of $7.97. The stock has a market capitalization of $1.68 billion, a P/E ratio of 24.74, a PEG ratio of 0.57 and a beta of 1.10.

Payoneer Global (NASDAQ:PAYO) last announced its earnings results on Thursday, February 26th. The company reported $0.05 earnings per share for the quarter, missing the consensus estimate of $0.06 by ($0.01). Payoneer Global had a return on equity of 10.89% and a net margin of 6.95%.The company had revenue of $274.69 million for the quarter, compared to analysts’ expectations of $282.79 million. During the same period last year, the business earned $0.05 EPS. The company’s quarterly revenue was up 5.0% compared to the same quarter last year. As a group, analysts anticipate that Payoneer Global Inc. will post 0.34 EPS for the current year.

Wall Street Analysts Forecast Growth

PAYO has been the topic of several recent analyst reports. Benchmark decreased their target price on shares of Payoneer Global from $10.00 to $7.00 and set a “buy” rating on the stock in a report on Friday. Weiss Ratings restated a “hold (c)” rating on shares of Payoneer Global in a report on Thursday, January 22nd. Keefe, Bruyette & Woods reduced their price target on shares of Payoneer Global from $7.50 to $7.00 and set an “outperform” rating on the stock in a research report on Friday, February 27th. Needham & Company LLC decreased their price objective on Payoneer Global from $10.00 to $8.00 and set a “buy” rating on the stock in a report on Thursday, February 26th. Finally, Wall Street Zen lowered Payoneer Global from a “hold” rating to a “sell” rating in a research report on Saturday. Seven research analysts have rated the stock with a Buy rating and one has given a Hold rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $8.00.

Payoneer Global Company Profile

Payoneer Global (NASDAQ: PAYO) operates a digital payments platform that enables businesses, marketplaces and professionals to send and receive cross-border payments. The company’s core offerings include multi-currency receiving accounts, mass payout services and working capital solutions. Through its platform, Payoneer facilitates global transactions by connecting payors and payees across a network of local bank transfers, card payouts and digital wallets, supporting the seamless movement of funds in over 150 currencies.

Founded in 2005, Payoneer has grown from a small fintech venture into a widely adopted payments infrastructure provider that serves clients in more than 200 countries and territories.