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

1492 Capital Management LLC boosted its position in shares of Payoneer Global Inc. (NASDAQ:PAYO) by 43.3% during the 4th quarter, HoldingsChannel reports. The institutional investor owned 386,850 shares of the company’s stock after acquiring an additional 116,918 shares during the quarter. 1492 Capital Management LLC’s holdings in Payoneer Global were worth $2,174,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors also recently added to or reduced their stakes in PAYO. American Century Companies Inc. grew its stake in shares of Payoneer Global by 10.7% in the 3rd quarter. American Century Companies Inc. now owns 7,326,825 shares of the company’s stock valued at $44,327,000 after purchasing an additional 707,790 shares during the last quarter. Dimensional Fund Advisors LP grew its stake in shares of Payoneer Global by 3.2% in the 3rd quarter. Dimensional Fund Advisors LP now owns 7,309,436 shares of the company’s stock valued at $44,229,000 after purchasing an additional 224,287 shares during the last quarter. Invesco Ltd. boosted its stake in shares of 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 in the last quarter. Bank of America Corp DE boosted its stake in shares of Payoneer Global by 9.3% in the third quarter. Bank of America Corp DE now owns 3,419,039 shares of the company’s stock valued at $20,685,000 after buying an additional 289,598 shares in the last quarter. Finally, Goldman Sachs Group Inc. boosted its stake in shares of Payoneer Global by 3.7% in the fourth quarter. Goldman Sachs Group Inc. now owns 2,885,575 shares of the company’s stock valued at $16,217,000 after buying an additional 102,338 shares in the last quarter. Institutional investors and hedge funds own 82.22% of the company’s stock.

Payoneer Global Price Performance

Payoneer Global stock opened at $5.09 on Thursday. Payoneer Global Inc. has a 1-year low of $4.08 and a 1-year high of $7.66. The company has a market cap of $1.70 billion, a PE ratio of 25.45, a price-to-earnings-growth ratio of 0.57 and a beta of 1.02. The stock’s 50 day moving average price is $4.97 and its 200 day moving average price is $5.29.

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

Analyst Ratings Changes

A number of analysts recently weighed in on PAYO shares. Bank of America started coverage on Payoneer Global in a research note on Wednesday, March 25th. They issued a “buy” rating and a $6.00 price target on the stock. Wall Street Zen upgraded Payoneer Global from a “sell” rating to a “hold” rating in a research note on Saturday, May 2nd. Keefe, Bruyette & Woods decreased their price target on Payoneer Global from $7.50 to $7.00 and set an “outperform” rating on the stock in a research note on Friday, February 27th. Needham & Company LLC decreased their price target on Payoneer Global from $10.00 to $8.00 and set a “buy” rating on the stock in a research note on Thursday, February 26th. Finally, Benchmark decreased their price target on Payoneer Global from $10.00 to $7.00 and set a “buy” rating on the stock in a research note on Friday, March 6th. Five equities research analysts have rated the stock with a Buy rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, Payoneer Global presently has a consensus rating of “Moderate Buy” and an average price target 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.