Trexquant Investment LP Purchases 140,567 Shares of Payoneer Global Inc. (NASDAQ:PAYO)

Trexquant Investment LP increased its position in shares of Payoneer Global Inc. (NASDAQ:PAYO) by 40.1% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 490,690 shares of the company’s stock after purchasing an additional 140,567 shares during the period. Trexquant Investment LP’s holdings in Payoneer Global were worth $4,927,000 at the end of the most recent quarter.

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

Payoneer Global Price Performance

Shares of NASDAQ PAYO opened at $6.21 on Friday. The business has a fifty day moving average price of $8.88 and a 200 day moving average price of $9.30. Payoneer Global Inc. has a 1-year low of $4.69 and a 1-year high of $11.29. The stock has a market capitalization of $2.23 billion, a P/E ratio of 17.74, a price-to-earnings-growth ratio of 2.88 and a beta of 1.02.

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

Analyst Upgrades and Downgrades

Several research firms have recently weighed in on PAYO. 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 research note on Monday, March 31st. The Goldman Sachs Group decreased their price objective on shares of Payoneer Global from $11.00 to $9.00 and set a “buy” rating for the company in a report on Wednesday. Wolfe Research downgraded shares of Payoneer Global from an “outperform” rating to a “peer perform” rating in a research note on Wednesday, January 8th. Deutsche Bank Aktiengesellschaft assumed coverage on shares of Payoneer Global in a research note on Monday, February 3rd. They set a “buy” rating and a $13.00 price target for the company. Finally, Citigroup increased their price objective on Payoneer Global from $14.50 to $16.50 and gave the stock a “buy” rating in a research note on Tuesday, March 4th. Two investment analysts have rated the stock with a hold rating, six have given a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $12.36.

Insiders Place Their Bets

In related news, CFO Beatrice Ordonez sold 85,000 shares of the business’s stock in a transaction on Tuesday, January 21st. The stock was sold at an average price of $10.40, for a total transaction of $884,000.00. Following the transaction, the chief financial officer now directly owns 2,305,245 shares in the company, valued at $23,974,548. The trade was a 3.56 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Corporate insiders own 5.57% of the company’s stock.

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.