SG Americas Securities LLC Makes New Investment in Payoneer Global Inc. (NASDAQ:PAYO)

SG Americas Securities LLC purchased a new position in shares of Payoneer Global Inc. (NASDAQ:PAYOGet Rating) in the first quarter, according to the company in its most recent disclosure with the SEC. The institutional investor purchased 117,403 shares of the company’s stock, valued at approximately $524,000.

A number of other large investors have also recently bought and sold shares of the company. Davy Global Fund Management Ltd boosted its position in Payoneer Global by 73.4% during the 1st quarter. Davy Global Fund Management Ltd now owns 20,271 shares of the company’s stock worth $90,000 after acquiring an additional 8,579 shares during the last quarter. Sciencast Management LP bought a new stake in shares of Payoneer Global during the 1st quarter worth approximately $78,000. Virginia Retirement Systems ET AL bought a new stake in shares of Payoneer Global during the 1st quarter worth approximately $103,000. Mirabella Financial Services LLP bought a new stake in shares of Payoneer Global during the 4th quarter worth approximately $332,000. Finally, Clearline Capital LP raised its stake in shares of Payoneer Global by 95.4% during the 4th quarter. Clearline Capital LP now owns 104,572 shares of the company’s stock worth $514,000 after purchasing an additional 51,050 shares in the last quarter. Institutional investors and hedge funds own 66.30% of the company’s stock.

Payoneer Global Stock Up 2.0 %

PAYO opened at $5.65 on Friday. Payoneer Global Inc. has a 1-year low of $3.33 and a 1-year high of $10.84. The stock’s fifty day simple moving average is $4.76 and its 200 day simple moving average is $4.67. The company has a current ratio of 1.10, a quick ratio of 1.10 and a debt-to-equity ratio of 0.03. The stock has a market cap of $1.94 billion, a PE ratio of -8.73 and a beta of 1.30.

Payoneer Global (NASDAQ:PAYOGet Rating) last posted its quarterly earnings results on Thursday, May 12th. The company reported ($0.03) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.05) by $0.02. Payoneer Global had a negative return on equity of 14.21% and a negative net margin of 2.01%. The business had revenue of $136.96 million for the quarter, compared to analysts’ expectations of $121.19 million. During the same quarter in the prior year, the business earned ($0.31) EPS. The firm’s revenue for the quarter was up 36.1% on a year-over-year basis. As a group, research analysts expect that Payoneer Global Inc. will post -0.14 earnings per share for the current year.

Wall Street Analyst Weigh In

PAYO has been the topic of a number of analyst reports. The Goldman Sachs Group upgraded Payoneer Global from a “neutral” rating to a “buy” rating and upped their price objective for the stock from $5.50 to $6.50 in a research note on Thursday, July 14th. Citigroup upped their price objective on Payoneer Global from $6.50 to $7.50 in a research note on Friday, May 13th. Finally, Northland Securities dropped their price objective on Payoneer Global from $14.00 to $9.00 in a research note on Friday, May 13th.

Insiders Place Their Bets

In other Payoneer Global news, CRO Robert Kl Clarkson sold 112,589 shares of the stock in a transaction on Tuesday, August 2nd. The stock was sold at an average price of $5.35, for a total transaction of $602,351.15. Following the transaction, the executive now owns 1,025,582 shares in the company, valued at approximately $5,486,863.70. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Company insiders own 6.48% of the company’s stock.

Payoneer Global 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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