GSA Capital Partners LLP Acquires 261,895 Shares of Payoneer Global Inc. $PAYO

GSA Capital Partners LLP boosted its holdings in Payoneer Global Inc. (NASDAQ:PAYO) by 195.9% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 395,610 shares of the company’s stock after buying an additional 261,895 shares during the period. GSA Capital Partners LLP owned approximately 0.11% of Payoneer Global worth $2,393,000 as of its most recent SEC filing.

A number of other institutional investors have also recently bought and sold shares of PAYO. Geode Capital Management LLC lifted its stake in shares of Payoneer Global by 3.3% in the 2nd quarter. Geode Capital Management LLC now owns 7,058,130 shares of the company’s stock valued at $48,353,000 after purchasing an additional 226,215 shares during the period. Invesco Ltd. lifted its stake in Payoneer Global by 137.3% in the second quarter. Invesco Ltd. now owns 5,562,623 shares of the company’s stock valued at $38,104,000 after buying an additional 3,218,917 shares during the period. Azora Capital LP bought a new position in Payoneer Global during the second quarter worth about $30,996,000. Greenvale Capital LLP acquired a new position in shares of Payoneer Global during the 2nd quarter worth about $14,472,000. Finally, Fiera Capital Corp grew its position in shares of Payoneer Global by 1.4% during the 2nd quarter. Fiera Capital Corp now owns 1,678,483 shares of the company’s stock worth $11,498,000 after buying an additional 22,995 shares during the period. Institutional investors and hedge funds own 82.22% of the company’s stock.

Wall Street Analysts Forecast Growth

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

Payoneer Global Stock Performance

NASDAQ PAYO opened at $5.39 on Tuesday. Payoneer Global Inc. has a 52 week low of $4.91 and a 52 week high of $10.75. The stock’s 50 day moving average price is $5.75 and its two-hundred day moving average price is $6.04. The stock has a market capitalization of $1.92 billion, a price-to-earnings ratio of 28.37, a PEG ratio of 5.18 and a beta of 1.04.

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.