240,761 Shares in Payoneer Global Inc. $PAYO Acquired by Ieq Capital LLC

Ieq Capital LLC purchased a new stake in shares of Payoneer Global Inc. (NASDAQ:PAYO) during the second quarter, according to its most recent filing with the Securities & Exchange Commission. The firm purchased 240,761 shares of the company’s stock, valued at approximately $1,714,000. Ieq Capital LLC owned about 0.07% of Payoneer Global at the end of the most recent reporting period.

Several other large investors have also recently made changes to their positions in PAYO. Hsbc Holdings PLC raised its position in Payoneer Global by 372.8% in the 4th quarter. Hsbc Holdings PLC now owns 603,407 shares of the company’s stock worth $3,400,000 after purchasing an additional 475,776 shares during the period. Isthmus Partners LLC boosted its position in Payoneer Global by 87.0% during the first quarter. Isthmus Partners LLC now owns 545,096 shares of the company’s stock valued at $2,633,000 after buying an additional 253,625 shares during the period. Great Lakes Advisors LLC purchased a new stake in Payoneer Global during the second quarter valued at about $3,161,000. First Trust Advisors LP grew its stake in shares of Payoneer Global by 305.8% during the first quarter. First Trust Advisors LP now owns 222,113 shares of the company’s stock valued at $1,073,000 after buying an additional 167,372 shares during the last quarter. Finally, Allspring Global Investments Holdings LLC grew its stake in shares of Payoneer Global by 2,061.4% during the first quarter. Allspring Global Investments Holdings LLC now owns 1,013,014 shares of the company’s stock valued at $4,893,000 after buying an additional 966,146 shares during the last quarter. 82.22% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of research firms have recently weighed in on PAYO. Benchmark lowered Payoneer Global from a “buy” rating to a “hold” rating in a research note on Thursday, June 18th. Weiss Ratings cut Payoneer Global from a “hold (c)” rating to a “hold (c-)” rating in a research note on Tuesday, August 11th. William Blair downgraded Payoneer Global from an “outperform” rating to a “hold” rating in a research report on Monday, June 15th. Deutsche Bank Aktiengesellschaft lowered Payoneer Global from a “buy” rating to a “hold” rating in a research note on Friday, August 7th. Finally, Needham & Company LLC cut shares of Payoneer Global from a “buy” rating to a “hold” rating in a report on Monday, June 15th. One equities research analyst has rated the stock with a Buy rating and eight have issued a Hold rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average price target of $7.40.

Payoneer Global Stock Performance

Payoneer Global stock opened at $7.11 on Wednesday. The firm has a market cap of $2.41 billion, a P/E ratio of 50.79, a P/E/G ratio of 1.49 and a beta of 0.96. Payoneer Global Inc. has a 1-year low of $4.08 and a 1-year high of $7.18. The firm has a 50-day moving average of $7.10 and a 200-day moving average of $5.82.

Payoneer Global (NASDAQ:PAYO) last announced its quarterly earnings results on Thursday, August 6th. The company reported ($0.01) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.06 by ($0.07). Payoneer Global had a net margin of 4.65% and a return on equity of 9.97%. The business had revenue of $274.26 million for the quarter, compared to analysts’ expectations of $270.98 million. During the same quarter in the prior year, the firm earned $0.05 EPS. The firm’s revenue for the quarter was up 5.2% on a year-over-year basis. Research analysts forecast that Payoneer Global Inc. will post 0.2 earnings per share for the current fiscal year.

Insider Activity

In related news, CFO Beatrice Ordonez sold 25,000 shares of the company’s stock in a transaction that occurred on Monday, June 15th. The stock was sold at an average price of $7.01, for a total transaction of $175,250.00. Following the completion of the transaction, the chief financial officer owned 2,887,266 shares in the company, valued at $20,239,734.66. This represents a 0.86% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Company insiders own 2.06% of the company’s stock.

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.