PDT Partners LLC Boosts Holdings in Payoneer Global Inc. (NASDAQ:PAYO)

PDT Partners LLC raised its holdings in Payoneer Global Inc. (NASDAQ:PAYO) by 44.9% during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 429,297 shares of the company’s stock after purchasing an additional 132,994 shares during the quarter. PDT Partners LLC owned 0.12% of Payoneer Global worth $4,310,000 at the end of the most recent reporting period.

Several other hedge funds also recently added to or reduced their stakes in the business. Robeco Institutional Asset Management B.V. purchased a new stake in shares of Payoneer Global during the 4th quarter worth about $1,233,000. Y Intercept Hong Kong Ltd purchased a new stake in shares of Payoneer Global during the 4th quarter worth about $1,276,000. Entropy Technologies LP purchased a new stake in shares of Payoneer Global during the 4th quarter worth about $540,000. Allspring Global Investments Holdings LLC boosted its stake in shares of Payoneer Global by 133.5% during the 4th quarter. Allspring Global Investments Holdings LLC now owns 97,538 shares of the company’s stock worth $990,000 after acquiring an additional 55,766 shares in the last quarter. Finally, Counterpoint Mutual Funds LLC purchased a new stake in shares of Payoneer Global during the 4th quarter worth about $1,809,000. 82.22% of the stock is owned by hedge funds and other institutional investors.

Payoneer Global Price Performance

Payoneer Global stock opened at $6.95 on Tuesday. Payoneer Global Inc. has a 1-year low of $4.90 and a 1-year high of $11.29. The company has a market cap of $2.50 billion, a PE ratio of 19.86, a price-to-earnings-growth ratio of 2.88 and a beta of 1.02. The stock’s 50 day moving average price is $7.38 and its 200 day moving average price is $9.14.

Payoneer Global (NASDAQ:PAYO) last posted 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 firm had revenue of $261.74 million for 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 quarter in the previous year, the firm posted $0.05 earnings per share. On average, equities research analysts anticipate that Payoneer Global Inc. will post 0.34 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

A number of research analysts recently weighed in on the stock. Citigroup raised their price target 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. Wolfe Research lowered shares of Payoneer Global from an “outperform” rating to a “peer perform” rating in a research note on Wednesday, January 8th. Keefe, Bruyette & Woods decreased their price target on shares of Payoneer Global from $10.00 to $8.00 and set a “market perform” rating on the stock in a research note on Monday, March 31st. Deutsche Bank Aktiengesellschaft assumed coverage on shares of Payoneer Global in a research note on Monday, February 3rd. They issued a “buy” rating and a $13.00 price target on the stock. Finally, The Goldman Sachs Group decreased their price target on shares of Payoneer Global from $11.00 to $9.00 and set a “buy” rating on the stock in a research note on Wednesday, April 2nd. 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’s stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus 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.