Quantbot Technologies LP Acquires New Position in Payoneer Global Inc. $PAYO

Quantbot Technologies LP bought a new position in Payoneer Global Inc. (NASDAQ:PAYO) in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor bought 85,621 shares of the company’s stock, valued at approximately $610,000.

A number of other institutional investors and hedge funds have also bought and sold shares of PAYO. Van ECK Associates Corp lifted its holdings in shares of Payoneer Global by 2.4% in the 4th quarter. Van ECK Associates Corp now owns 84,678 shares of the company’s stock worth $476,000 after acquiring an additional 1,977 shares during the last quarter. Susquehanna International Group LLP lifted its stake in Payoneer Global by 9.5% in the third quarter. Susquehanna International Group LLP now owns 24,637 shares of the company’s stock worth $149,000 after purchasing an additional 2,144 shares during the last quarter. ProShare Advisors LLC boosted its position in Payoneer Global by 4.1% during the fourth quarter. ProShare Advisors LLC now owns 54,909 shares of the company’s stock valued at $309,000 after buying an additional 2,145 shares during the period. LPL Financial LLC grew its stake in shares of Payoneer Global by 5.8% during the fourth quarter. LPL Financial LLC now owns 42,211 shares of the company’s stock valued at $237,000 after buying an additional 2,304 shares during the last quarter. Finally, Sequoia Financial Advisors LLC increased its holdings in shares of Payoneer Global by 8.1% in the fourth quarter. Sequoia Financial Advisors LLC now owns 31,677 shares of the company’s stock worth $178,000 after buying an additional 2,368 shares during the period. 82.22% of the stock is currently owned by institutional investors.

Payoneer Global Trading Up 0.1%

Shares of NASDAQ PAYO opened at $7.13 on Friday. Payoneer Global Inc. has a 12 month low of $4.08 and a 12 month high of $7.18. The firm has a market capitalization of $2.42 billion, a PE ratio of 50.93, a price-to-earnings-growth ratio of 1.49 and a beta of 0.96. The firm has a fifty day simple moving average of $7.11 and a two-hundred day simple moving average of $5.83.

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 the consensus estimate of $0.06 by ($0.07). Payoneer Global had a net margin of 4.65% and a return on equity of 9.97%. The company 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. Payoneer Global’s quarterly revenue was up 5.2% compared to the same quarter last year. On average, sell-side analysts predict that Payoneer Global Inc. will post 0.2 earnings per share for the current year.

Analyst Upgrades and Downgrades

A number of brokerages have commented on PAYO. Needham & Company LLC cut Payoneer Global from a “buy” rating to a “hold” rating in a research note on Monday, June 15th. Benchmark cut shares of Payoneer Global from a “buy” rating to a “hold” rating in a report on Thursday, June 18th. Citigroup downgraded shares of Payoneer Global from a “buy” rating to a “neutral” rating and decreased their target price for the stock from $10.00 to $7.40 in a research note on Tuesday, June 16th. William Blair cut shares of Payoneer Global from an “outperform” rating to a “hold” rating in a research report on Monday, June 15th. Finally, Weiss Ratings cut shares of Payoneer Global from a “hold (c)” rating to a “hold (c-)” rating in a research report on Tuesday, August 11th. One research analyst has rated the stock with a Buy rating and eight have assigned a Hold rating to the company. According to MarketBeat, Payoneer Global currently has a consensus rating of “Hold” and an average price target of $7.40.

Insider Activity at Payoneer Global

In other news, CFO Beatrice Ordonez sold 25,000 shares of the firm’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 value 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 trade represents a 0.86% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 2.06% of the stock is currently owned by insiders.

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.