Payoneer Global Inc. (NASDAQ:PAYO) Shares Sold by Gotham Asset Management LLC

Gotham Asset Management LLC trimmed its stake in shares of Payoneer Global Inc. (NASDAQ:PAYO) by 3.7% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 218,677 shares of the company’s stock after selling 8,454 shares during the quarter. Gotham Asset Management LLC owned about 0.06% of Payoneer Global worth $2,196,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds also recently added to or reduced their stakes in PAYO. Barclays PLC lifted its position in Payoneer Global by 352.8% during the 3rd quarter. Barclays PLC now owns 498,727 shares of the company’s stock worth $3,755,000 after acquiring an additional 388,584 shares during the period. Fifth Third Bancorp lifted its position in Payoneer Global by 29.3% during the 4th quarter. Fifth Third Bancorp now owns 4,488 shares of the company’s stock worth $45,000 after acquiring an additional 1,016 shares during the period. KBC Group NV lifted its position in Payoneer Global by 86.6% during the 4th quarter. KBC Group NV now owns 14,619 shares of the company’s stock worth $147,000 after acquiring an additional 6,784 shares during the period. Robeco Institutional Asset Management B.V. acquired a new stake in Payoneer Global during the 4th quarter worth approximately $1,233,000. Finally, State of Alaska Department of Revenue lifted its position in Payoneer Global by 1.0% during the 4th quarter. State of Alaska Department of Revenue now owns 145,923 shares of the company’s stock worth $1,465,000 after acquiring an additional 1,498 shares during the period. 82.22% of the stock is owned by institutional investors and hedge funds.

Payoneer Global Price Performance

NASDAQ PAYO opened at $7.10 on Friday. Payoneer Global Inc. has a 1-year low of $5.03 and a 1-year high of $11.29. The company has a market capitalization of $2.55 billion, a P/E ratio of 20.29, a PEG ratio of 2.88 and a beta of 1.03. The business has a 50 day moving average price of $6.91 and a 200 day moving average price of $9.02.

Payoneer Global (NASDAQ:PAYO) last released its quarterly earnings data on Wednesday, May 7th. The company reported $0.05 earnings per share for the quarter, missing the consensus estimate of $0.07 by ($0.02). Payoneer Global had a net margin of 13.82% and a return on equity of 17.78%. The firm had revenue of $246.62 million during the quarter, compared to analysts’ expectations of $244.52 million. During the same period in the previous year, the business earned $0.08 earnings per share. The business’s revenue for the quarter was up 8.1% on a year-over-year basis. On average, research analysts expect that Payoneer Global Inc. will post 0.34 earnings per share for the current fiscal year.

Analysts Set New Price Targets

PAYO has been the subject of a number of analyst reports. Citigroup increased their target price on Payoneer Global from $14.50 to $16.50 and gave the stock a “buy” rating in a research note on Tuesday, March 4th. The Goldman Sachs Group cut their target price on Payoneer Global from $11.00 to $9.00 and set a “buy” rating for the company in a research note on Wednesday, April 2nd. Needham & Company LLC cut their target price on Payoneer Global from $14.00 to $8.00 and set a “buy” rating for the company in a research note on Thursday, May 8th. Keefe, Bruyette & Woods raised Payoneer Global from a “market perform” rating to an “outperform” rating and increased their target price for the stock from $7.00 to $9.00 in a research note on Tuesday. Finally, Deutsche Bank Aktiengesellschaft initiated coverage on Payoneer Global in a research note on Monday, February 3rd. They set a “buy” rating and a $13.00 target price for the company. One investment analyst has rated the stock with a hold rating, seven have assigned a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Buy” and an average price target of $11.64.

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.