GSA Capital Partners LLP Has $2.39 Million Stock Position in Payoneer Global Inc. $PAYO

GSA Capital Partners LLP lifted its stake in shares of Payoneer Global Inc. (NASDAQ:PAYO) by 195.9% during the third quarter, HoldingsChannel reports. The firm owned 395,610 shares of the company’s stock after acquiring an additional 261,895 shares during the quarter. GSA Capital Partners LLP’s holdings in Payoneer Global were worth $2,393,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also made changes to their positions in PAYO. Bank of Montreal Can raised its position in Payoneer Global by 4.4% during the second quarter. Bank of Montreal Can now owns 40,713 shares of the company’s stock worth $279,000 after acquiring an additional 1,710 shares in the last quarter. Yousif Capital Management LLC increased its stake in shares of Payoneer Global by 2.0% during the 2nd quarter. Yousif Capital Management LLC now owns 97,014 shares of the company’s stock worth $665,000 after purchasing an additional 1,948 shares during the last quarter. Nisa Investment Advisors LLC raised its holdings in shares of Payoneer Global by 4.1% in the 3rd quarter. Nisa Investment Advisors LLC now owns 49,815 shares of the company’s stock valued at $301,000 after purchasing an additional 1,949 shares during the period. Advisors Asset Management Inc. raised its holdings in shares of Payoneer Global by 18.9% in the 2nd quarter. Advisors Asset Management Inc. now owns 13,788 shares of the company’s stock valued at $94,000 after purchasing an additional 2,191 shares during the period. Finally, Teacher Retirement System of Texas lifted its stake in Payoneer Global by 1.3% in the 3rd quarter. Teacher Retirement System of Texas now owns 169,396 shares of the company’s stock valued at $1,025,000 after purchasing an additional 2,240 shares during the last quarter. 82.22% of the stock is owned by institutional investors.

Payoneer Global Price Performance

PAYO opened at $5.39 on Tuesday. The business has a fifty day simple moving average of $5.75 and a 200 day simple moving average of $6.04. Payoneer Global Inc. has a 1 year low of $4.91 and a 1 year high of $10.75. The company has a market capitalization of $1.92 billion, a PE ratio of 28.37, a price-to-earnings-growth ratio of 5.18 and a beta of 1.04.

Analyst Ratings Changes

A number of equities analysts have weighed in on the company. Benchmark lowered their price target on Payoneer Global from $12.00 to $10.00 and set a “buy” rating on the stock in a research report on Tuesday, December 23rd. Weiss Ratings reiterated a “hold (c)” rating on shares of Payoneer Global in a research note on Thursday, January 22nd. Wall Street Zen raised Payoneer Global from a “sell” rating to a “hold” rating in a report on Saturday, November 8th. Finally, Jefferies Financial Group set a $7.00 price target on Payoneer Global in a report on Wednesday, November 5th. Seven equities research analysts have rated the stock with a Buy rating and one has given a Hold rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $9.00.

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.