Integrated Quantitative Investments LLC Buys Shares of 104,709 Payoneer Global Inc. (NASDAQ:PAYO)

Integrated Quantitative Investments LLC purchased a new stake in Payoneer Global Inc. (NASDAQ:PAYO) during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm purchased 104,709 shares of the company’s stock, valued at approximately $1,051,000.

A number of other institutional investors have also added to or reduced their stakes in PAYO. Landscape Capital Management L.L.C. acquired a new position in shares of Payoneer Global during the fourth quarter worth $121,000. Bryce Point Capital LLC bought a new position in Payoneer Global during the 4th quarter worth approximately $515,000. Trexquant Investment LP lifted its position in shares of Payoneer Global by 40.1% in the 4th quarter. Trexquant Investment LP now owns 490,690 shares of the company’s stock worth $4,927,000 after purchasing an additional 140,567 shares during the period. Geode Capital Management LLC increased its position in shares of Payoneer Global by 2.4% during the fourth quarter. Geode Capital Management LLC now owns 6,777,377 shares of the company’s stock worth $68,059,000 after buying an additional 156,252 shares during the period. Finally, Franklin Resources Inc. bought a new position in Payoneer Global during the fourth quarter worth $411,000. 82.22% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at Payoneer Global

In other Payoneer Global news, CFO Beatrice Ordonez sold 85,000 shares of the firm’s stock in a transaction on Tuesday, January 21st. The stock was sold at an average price of $10.40, for a total value 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 ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link. Corporate insiders own 5.57% of the company’s stock.

Analyst Upgrades and Downgrades

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

Payoneer Global Stock Down 10.9 %

PAYO stock opened at $6.73 on Friday. The firm has a market cap of $2.42 billion, a PE ratio of 19.23, a P/E/G ratio of 2.88 and a beta of 0.97. The business has a 50 day moving average of $8.96 and a 200-day moving average of $9.29. Payoneer Global Inc. has a 12-month low of $4.69 and a 12-month high of $11.29.

Payoneer Global (NASDAQ:PAYO) last released its earnings results on Thursday, February 27th. The company reported $0.05 EPS for the quarter, missing analysts’ consensus estimates of $0.06 by ($0.01). The business had revenue of $261.74 million for the quarter, compared to the consensus estimate of $242.14 million. Payoneer Global had a return on equity of 17.78% and a net margin of 13.82%. During the same quarter in the previous year, the firm earned $0.05 earnings per share. On average, research analysts expect that Payoneer Global Inc. will post 0.34 earnings per share for the current year.

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.