Ieq Capital LLC Acquires Shares of 240,761 Payoneer Global Inc. $PAYO

Ieq Capital LLC bought a new position in shares of Payoneer Global Inc. (NASDAQ:PAYO) during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor bought 240,761 shares of the company’s stock, valued at approximately $1,714,000.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Leonteq Securities AG boosted its position in shares of Payoneer Global by 72.0% during the first quarter. Leonteq Securities AG now owns 6,496 shares of the company’s stock valued at $31,000 after purchasing an additional 2,720 shares in the last quarter. Osaic Holdings Inc. raised its holdings in Payoneer Global by 246.5% in the second quarter. Osaic Holdings Inc. now owns 4,636 shares of the company’s stock worth $33,000 after purchasing an additional 3,298 shares in the last quarter. GAMMA Investing LLC raised its holdings in Payoneer Global by 73.8% in the second quarter. GAMMA Investing LLC now owns 5,777 shares of the company’s stock worth $41,000 after purchasing an additional 2,453 shares in the last quarter. Resonant Capital Advisors LLC purchased a new position in Payoneer Global during the first quarter valued at $49,000. Finally, CWM LLC lifted its position in Payoneer Global by 178.6% during the fourth quarter. CWM LLC now owns 9,384 shares of the company’s stock valued at $53,000 after buying an additional 6,016 shares during the period. Hedge funds and other institutional investors own 82.22% of the company’s stock.

Wall Street Analyst Weigh In

A number of analysts have recently weighed in on PAYO shares. Deutsche Bank Aktiengesellschaft downgraded shares of Payoneer Global from a “buy” rating to a “hold” rating in a research report on Friday, August 7th. Keefe, Bruyette & Woods lowered shares of Payoneer Global from a “moderate buy” rating to a “hold” rating in a research note on Monday, June 15th. Benchmark cut shares of Payoneer Global from a “buy” rating to a “hold” rating in a report on Thursday, June 18th. Weiss Ratings downgraded shares of Payoneer Global from a “hold (c)” rating to a “hold (c-)” rating in a research note on Tuesday, August 11th. Finally, Northland Securities set a $7.40 target price on shares of Payoneer Global in a research note on Monday, June 15th. One equities research analyst has rated the stock with a Buy rating and eight have assigned a Hold rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and an average target price of $7.40.

Insider Transactions at Payoneer Global

In other news, CFO Beatrice Ordonez sold 25,000 shares of the company’s stock in a transaction that occurred on Monday, June 15th. The shares were sold at an average price of $7.01, for a total value of $175,250.00. Following the transaction, the chief financial officer owned 2,887,266 shares in the company, valued at approximately $20,239,734.66. This represents a 0.86% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Company insiders own 2.06% of the company’s stock.

Payoneer Global Stock Performance

NASDAQ PAYO opened at $7.11 on Wednesday. The stock’s fifty day moving average price is $7.10 and its 200-day moving average price is $5.82. The stock has a market cap of $2.41 billion, a P/E ratio of 50.79, a P/E/G ratio of 1.49 and a beta of 0.96. Payoneer Global Inc. has a 12 month low of $4.08 and a 12 month high of $7.18.

Payoneer Global (NASDAQ:PAYO) last announced its quarterly earnings results on Thursday, August 6th. The company reported ($0.01) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.06 by ($0.07). Payoneer Global had a return on equity of 9.97% and a net margin of 4.65%.The firm had revenue of $274.26 million during the quarter, compared to the consensus estimate of $270.98 million. During the same quarter in the previous year, the firm earned $0.05 EPS. The business’s revenue for the quarter was up 5.2% on a year-over-year basis. As a group, analysts forecast that Payoneer Global Inc. will post 0.2 earnings per share for the current fiscal year.

Payoneer Global Company Profile

Payoneer Global (NASDAQ: PAYO) operates a digital payments platform that enables businesses, marketplaces and professionals to send and receive cross-border payments. The company’s core offerings include multi-currency receiving accounts, mass payout services and working capital solutions. Through its platform, Payoneer facilitates global transactions by connecting payors and payees across a network of local bank transfers, card payouts and digital wallets, supporting the seamless movement of funds in over 150 currencies.

Founded in 2005, Payoneer has grown from a small fintech venture into a widely adopted payments infrastructure provider that serves clients in more than 200 countries and territories.