Payoneer Global Inc. (NASDAQ:PAYO) Position Increased by HRT Financial LP

Posted by on Jun 2nd, 2023

HRT Financial LP increased its position in shares of Payoneer Global Inc. (NASDAQ:PAYO – Get Rating) by 84.8% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 151,963 shares of the company’s stock after acquiring an additional 69,710 shares during the period. HRT Financial LP’s holdings in Payoneer Global were worth $831,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also modified their holdings of PAYO. PNC Financial Services Group Inc. bought a new position in Payoneer Global during the fourth quarter valued at about $27,000. Allspring Global Investments Holdings LLC bought a new position in Payoneer Global during the third quarter valued at about $39,000. Walleye Capital LLC bought a new position in Payoneer Global during the first quarter valued at about $50,000. Ensign Peak Advisors Inc bought a new position in Payoneer Global during the first quarter valued at about $53,000. Finally, XTX Topco Ltd acquired a new stake in shares of Payoneer Global in the first quarter valued at about $54,000. 93.89% of the stock is currently owned by hedge funds and other institutional investors.

Payoneer Global Price Performance

PAYO stock opened at $4.34 on Friday. Payoneer Global Inc. has a twelve month low of $3.75 and a twelve month high of $8.04. The business’s 50-day simple moving average is $5.27 and its 200 day simple moving average is $5.58. The company has a debt-to-equity ratio of 0.03, a current ratio of 1.10 and a quick ratio of 1.10.

Payoneer Global (NASDAQ:PAYO – Get Rating) last released its quarterly earnings data on Tuesday, May 9th. The company reported $0.02 earnings per share for the quarter, missing analysts’ consensus estimates of $0.03 by ($0.01). The company had revenue of $192.00 million for the quarter, compared to analyst estimates of $185.61 million. Payoneer Global had a negative net margin of 3.55% and a negative return on equity of 4.81%. The firm’s revenue for the quarter was up 40.1% compared to the same quarter last year. During the same period in the previous year, the firm posted ($0.03) earnings per share. Sell-side analysts predict that Payoneer Global Inc. will post 0.13 EPS for the current fiscal year.

Insider Buying and Selling at Payoneer Global

In other Payoneer Global news, CEO Scott H. Galit sold 12,857 shares of Payoneer Global stock in a transaction on Tuesday, May 9th. The shares were sold at an average price of $5.70, for a total transaction of $73,284.90. Following the completion of the sale, the chief executive officer now owns 1,390,450 shares of the company’s stock, valued at approximately $7,925,565. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Over the last ninety days, insiders have sold 20,761 shares of company stock valued at $113,082. 5.57% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

Several brokerages have recently issued reports on PAYO. Citigroup lowered their price target on Payoneer Global from $11.00 to $9.00 in a research report on Wednesday, May 10th. Needham & Company LLC reaffirmed a “buy” rating and issued a $10.00 price target on shares of Payoneer Global in a research report on Wednesday, March 22nd. Finally, Jefferies Financial Group began coverage on Payoneer Global in a research report on Monday, February 27th. They issued a “buy” rating and a $7.00 price target on the stock. Five investment analysts have rated the stock with a buy rating, Based on data from MarketBeat, the company has a consensus rating of “Buy” and an average price target of $8.08.

Payoneer Global Company Profile

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Payoneer Global Inc operates a payment and commerce-enabling platform that facilitates marketplaces, platforms and online merchants worldwide. It delivers a suite of services that includes cross-border payments, B2B accounts payable/accounts receivable, multi-currency account, physical and virtual Mastercard cards, working capital, merchant, tax, compliance and risk, and others.

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Institutional Ownership by Quarter for Payoneer Global (NASDAQ:PAYO)

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