Trexquant Investment LP Raises Position in Payoneer Global Inc. (NASDAQ:PAYO)

Trexquant Investment LP increased its position in Payoneer Global Inc. (NASDAQ:PAYO) by 40.1% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 490,690 shares of the company’s stock after buying an additional 140,567 shares during the quarter. Trexquant Investment LP owned 0.14% of Payoneer Global worth $4,927,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also recently modified their holdings of PAYO. Smartleaf Asset Management LLC lifted its position in shares of Payoneer Global by 405.8% in the 4th quarter. Smartleaf Asset Management LLC now owns 3,819 shares of the company’s stock worth $38,000 after purchasing an additional 3,064 shares during the period. Fifth Third Bancorp lifted its stake in shares of Payoneer Global by 29.3% in the 4th quarter. Fifth Third Bancorp now owns 4,488 shares of the company’s stock valued at $45,000 after purchasing an additional 1,016 shares during the period. Blue Trust Inc. boosted its position in shares of Payoneer Global by 21.2% during the fourth quarter. Blue Trust Inc. now owns 5,380 shares of the company’s stock valued at $54,000 after purchasing an additional 940 shares in the last quarter. GAMMA Investing LLC grew its stake in Payoneer Global by 41.7% in the fourth quarter. GAMMA Investing LLC now owns 8,241 shares of the company’s stock worth $83,000 after purchasing an additional 2,425 shares during the period. Finally, Rialto Wealth Management LLC bought a new position in Payoneer Global in the fourth quarter worth $105,000. 82.22% of the stock is owned by institutional investors.

Payoneer Global Stock Performance

Shares of NASDAQ:PAYO opened at $6.21 on Friday. Payoneer Global Inc. has a 52-week low of $4.69 and a 52-week high of $11.29. The stock has a market capitalization of $2.23 billion, a price-to-earnings ratio of 17.74, a PEG ratio of 2.88 and a beta of 1.02. The stock’s 50-day simple moving average is $8.88 and its two-hundred day simple moving average is $9.30.

Payoneer Global (NASDAQ:PAYO) last issued its earnings results on Thursday, February 27th. The company reported $0.05 earnings per share for the quarter, missing the consensus estimate of $0.06 by ($0.01). Payoneer Global had a return on equity of 17.78% and a net margin of 13.82%. The firm had revenue of $261.74 million during the quarter, compared to the consensus estimate of $242.14 million. During the same period in the prior year, the company posted $0.05 EPS. As a group, equities analysts forecast that Payoneer Global Inc. will post 0.34 earnings per share for the current fiscal year.

Insider Activity at Payoneer Global

In other Payoneer Global news, CFO Beatrice Ordonez sold 85,000 shares of the stock in a transaction that occurred on Tuesday, January 21st. The shares were sold at an average price of $10.40, for a total transaction of $884,000.00. Following the completion of the sale, the chief financial officer now directly owns 2,305,245 shares of the company’s stock, valued at $23,974,548. This trade represents a 3.56 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. 5.57% of the stock is owned by corporate insiders.

Analyst Ratings Changes

PAYO has been the topic of a number of research reports. Deutsche Bank Aktiengesellschaft assumed coverage on shares of Payoneer Global in a report on Monday, February 3rd. They set a “buy” rating and a $13.00 target price on the stock. Citigroup raised their target price on shares of Payoneer Global from $14.50 to $16.50 and gave the company a “buy” rating in a research note on Tuesday, March 4th. Keefe, Bruyette & Woods lowered their target price on shares of Payoneer Global from $10.00 to $8.00 and set a “market perform” rating for the company in a report on Monday, March 31st. The Goldman Sachs Group cut their price target on Payoneer Global from $11.00 to $9.00 and set a “buy” rating on the stock in a research note on Wednesday. Finally, Wolfe Research lowered Payoneer Global from an “outperform” rating to a “peer perform” rating in a research report on Wednesday, January 8th. Two investment analysts have rated the stock with a hold rating, six have issued a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, Payoneer Global currently has a consensus rating of “Moderate Buy” and an average price target of $12.36.

About Payoneer Global

Payoneer Global Inc operates as a financial technology company. It operates a payment infrastructure platform that provides customers with a one-stop, global, multi-currency account to serve their accounts receivable and accounts payable needs. The company delivers a suite of services that includes cross-border payments, physical and virtual MasterCard cards, working capital, risk management, and other services.