Payoneer Global Inc. $PAYO Shares Acquired by 1492 Capital Management LLC

1492 Capital Management LLC lifted its holdings in shares of Payoneer Global Inc. (NASDAQ:PAYO) by 43.3% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 386,850 shares of the company’s stock after buying an additional 116,918 shares during the quarter. 1492 Capital Management LLC owned approximately 0.11% of Payoneer Global worth $2,174,000 as of its most recent SEC filing.

Several other large investors have also made changes to their positions in PAYO. Susquehanna International Group LLP raised its stake in Payoneer Global by 9.5% in the 3rd quarter. Susquehanna International Group LLP now owns 24,637 shares of the company’s stock valued at $149,000 after purchasing an additional 2,144 shares during the last quarter. ProShare Advisors LLC raised its stake in Payoneer Global by 4.1% in the 4th quarter. ProShare Advisors LLC now owns 54,909 shares of the company’s stock valued at $309,000 after purchasing an additional 2,145 shares during the last quarter. Sequoia Financial Advisors LLC increased its stake in shares of Payoneer Global by 8.1% in the 4th quarter. Sequoia Financial Advisors LLC now owns 31,677 shares of the company’s stock worth $178,000 after acquiring an additional 2,368 shares during the last quarter. Bailard Inc. increased its stake in shares of Payoneer Global by 4.0% in the 4th quarter. Bailard Inc. now owns 73,100 shares of the company’s stock worth $411,000 after acquiring an additional 2,800 shares during the last quarter. Finally, Thrivent Financial for Lutherans increased its stake in shares of Payoneer Global by 1.5% in the 2nd quarter. Thrivent Financial for Lutherans now owns 191,478 shares of the company’s stock worth $1,312,000 after acquiring an additional 2,882 shares during the last quarter. 82.22% of the stock is owned by institutional investors and hedge funds.

Payoneer Global Price Performance

Shares of Payoneer Global stock opened at $5.09 on Thursday. The business has a 50-day moving average of $4.97 and a 200 day moving average of $5.29. Payoneer Global Inc. has a 12 month low of $4.08 and a 12 month high of $7.66. The stock has a market capitalization of $1.70 billion, a price-to-earnings ratio of 25.45, a price-to-earnings-growth ratio of 0.57 and a beta of 1.02.

Payoneer Global (NASDAQ:PAYO) last announced its earnings results on Thursday, May 7th. The company reported $0.06 EPS for the quarter, beating analysts’ consensus estimates of $0.04 by $0.02. The company had revenue of $261.60 million during the quarter, compared to analysts’ expectations of $255.12 million. Payoneer Global had a return on equity of 11.10% and a net margin of 6.76%.Payoneer Global’s revenue for the quarter was up 6.1% on a year-over-year basis. During the same period last year, the business posted $0.05 EPS. Equities research analysts anticipate that Payoneer Global Inc. will post 0.27 earnings per share for the current year.

Analysts Set New Price Targets

A number of research firms have recently weighed in on PAYO. Needham & Company LLC lowered their price target on Payoneer Global from $10.00 to $8.00 and set a “buy” rating for the company in a report on Thursday, February 26th. Keefe, Bruyette & Woods lowered their price target on Payoneer Global from $7.50 to $7.00 and set an “outperform” rating for the company in a report on Friday, February 27th. Wall Street Zen upgraded Payoneer Global from a “sell” rating to a “hold” rating in a report on Saturday, May 2nd. Weiss Ratings cut Payoneer Global from a “hold (c-)” rating to a “sell (d+)” rating in a report on Wednesday, May 20th. Finally, Benchmark lowered their price target on Payoneer Global from $10.00 to $7.00 and set a “buy” rating for the company in a report on Friday, March 6th. Five analysts have rated the stock with a Buy rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat.com, Payoneer Global has a consensus rating of “Moderate Buy” and an average target price of $7.17.

About Payoneer Global

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.