Squarepoint Ops LLC Purchases 519,371 Shares of Payoneer Global Inc. $PAYO

Squarepoint Ops LLC lifted its holdings in Payoneer Global Inc. (NASDAQ:PAYO) by 1,509.7% during the second quarter, Holdings Channel.com reports. The institutional investor owned 553,774 shares of the company’s stock after acquiring an additional 519,371 shares during the quarter. Squarepoint Ops LLC’s holdings in Payoneer Global were worth $3,943,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors also recently added to or reduced their stakes in the stock. Osaic Holdings Inc. grew its position in shares of Payoneer Global by 246.5% during the 2nd quarter. Osaic Holdings Inc. now owns 4,636 shares of the company’s stock valued at $33,000 after acquiring an additional 3,298 shares during the period. Nykredit A S bought a new position in Payoneer Global during the second quarter valued at $39,000. GAMMA Investing LLC grew its holdings in Payoneer Global by 73.8% during the second quarter. GAMMA Investing LLC now owns 5,777 shares of the company’s stock valued at $41,000 after purchasing an additional 2,453 shares during the period. Leonteq Securities AG increased its position in Payoneer Global by 72.0% in the first quarter. Leonteq Securities AG now owns 6,496 shares of the company’s stock worth $31,000 after buying an additional 2,720 shares during the last quarter. Finally, Resonant Capital Advisors LLC purchased a new stake in Payoneer Global in the first quarter worth $49,000. Institutional investors own 82.22% of the company’s stock.

Insider Buying and Selling

In other Payoneer Global news, CFO Beatrice Ordonez sold 25,000 shares of the business’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 completion of the transaction, the chief financial officer owned 2,887,266 shares of the company’s stock, valued at $20,239,734.66. The trade was a 0.86% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 2.06% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

A number of research analysts have recently commented on the company. Northland Securities set a $7.40 price target on Payoneer Global in a research report on Monday, June 15th. Keefe, Bruyette & Woods lowered Payoneer Global from a “moderate buy” rating to a “hold” rating in a report on Monday, June 15th. Citigroup cut Payoneer Global from a “buy” rating to a “neutral” rating and lowered their price objective for the company from $10.00 to $7.40 in a research note on Tuesday, June 16th. William Blair downgraded shares of Payoneer Global from an “outperform” rating to a “hold” rating in a report on Monday, June 15th. Finally, Weiss Ratings upgraded shares of Payoneer Global from a “hold (c-)” rating to a “hold (c)” rating in a research report on Tuesday, September 1st. One investment analyst has rated the stock with a Buy rating and eight have issued a Hold rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus price target of $7.40.

Payoneer Global Price Performance

NASDAQ:PAYO opened at $7.12 on Friday. The business’s 50-day moving average price is $7.12 and its two-hundred day moving average price is $5.95. Payoneer Global Inc. has a twelve month low of $4.08 and a twelve month high of $7.18. The stock has a market cap of $2.41 billion, a P/E ratio of 50.86, a PEG ratio of 1.82 and a beta of 0.94.

Payoneer Global (NASDAQ:PAYO) last issued its quarterly earnings data on Thursday, August 6th. The company reported ($0.01) EPS for the quarter, missing the consensus estimate of $0.06 by ($0.07). The business had revenue of $274.26 million for the quarter, compared to analysts’ expectations of $270.98 million. Payoneer Global had a return on equity of 9.97% and a net margin of 4.65%.The firm’s revenue for the quarter was up 5.2% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.05 EPS. On average, equities research analysts expect that Payoneer Global Inc. will post 0.16 EPS for the current fiscal year.

About Payoneer Global

Payoneer Global Inc (NASDAQ: PAYO) is a financial technology company that provides digital commerce and payment services to small and medium-sized businesses, marketplaces, freelancers and other organizations. Its platform is designed to help customers receive funds from international clients and marketplaces, make cross-border payments, manage business finances and access global commerce opportunities.

Payoneer’s products and services include multi-currency receiving accounts, global payouts, supplier and business payments, payment cards, foreign-exchange services and working-capital solutions.