Versor Investments LP Boosts Stock Position in Payoneer Global Inc. (NASDAQ:PAYO)

Versor Investments LP increased its stake in Payoneer Global Inc. (NASDAQ:PAYO) by 67.0% during the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 92,700 shares of the company’s stock after buying an additional 37,200 shares during the period. Versor Investments LP’s holdings in Payoneer Global were worth $446,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors also recently made changes to their positions in PAYO. Mirae Asset Global Investments Co. Ltd. lifted its position in Payoneer Global by 2.5% in the 1st quarter. Mirae Asset Global Investments Co. Ltd. now owns 563,610 shares of the company’s stock valued at $3,539,000 after acquiring an additional 13,496 shares in the last quarter. Strs Ohio lifted its position in Payoneer Global by 8.4% in the 2nd quarter. Strs Ohio now owns 133,000 shares of the company’s stock valued at $639,000 after acquiring an additional 10,300 shares in the last quarter. ExodusPoint Capital Management LP lifted its position in Payoneer Global by 215.0% in the 1st quarter. ExodusPoint Capital Management LP now owns 312,289 shares of the company’s stock valued at $1,961,000 after acquiring an additional 213,152 shares in the last quarter. Harbor Capital Advisors Inc. bought a new position in Payoneer Global in the 2nd quarter valued at approximately $846,000. Finally, Private Advisor Group LLC bought a new position in Payoneer Global in the 1st quarter valued at approximately $337,000. Hedge funds and other institutional investors own 82.92% of the company’s stock.

Insider Buying and Selling

In related news, Director Scott H. Galit sold 12,222 shares of the firm’s stock in a transaction on Friday, August 11th. The stock was sold at an average price of $5.84, for a total value of $71,376.48. Following the transaction, the director now directly owns 1,333,528 shares of the company’s stock, valued at approximately $7,787,803.52. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. In other Payoneer Global news, Director Avi Zeevi sold 150,000 shares of the stock in a transaction on Friday, September 15th. The stock was sold at an average price of $6.20, for a total value of $930,000.00. Following the completion of the sale, the director now owns 577,544 shares in the company, valued at approximately $3,580,772.80. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director Scott H. Galit sold 12,222 shares of the stock in a transaction on Friday, August 11th. The stock was sold at an average price of $5.84, for a total value of $71,376.48. Following the completion of the sale, the director now owns 1,333,528 shares of the company’s stock, valued at approximately $7,787,803.52. The disclosure for this sale can be found here. In the last three months, insiders have sold 228,234 shares of company stock valued at $1,404,906. 5.57% of the stock is owned by company insiders.

Payoneer Global Price Performance

Shares of Payoneer Global stock opened at $5.71 on Monday. Payoneer Global Inc. has a one year low of $4.02 and a one year high of $7.33. The stock’s fifty day moving average is $6.00 and its 200 day moving average is $5.37. The stock has a market cap of $2.05 billion, a P/E ratio of 190.33 and a beta of 0.96. The company has a debt-to-equity ratio of 0.02, a quick ratio of 1.10 and a current ratio of 1.10.

Payoneer Global (NASDAQ:PAYO) last announced its earnings results on Tuesday, August 8th. The company reported $0.12 EPS for the quarter, topping analysts’ consensus estimates of $0.03 by $0.09. Payoneer Global had a return on equity of 4.36% and a net margin of 2.28%. The company had revenue of $206.70 million for the quarter, compared to analysts’ expectations of $197.24 million. During the same period last year, the firm earned ($0.02) EPS. Payoneer Global’s revenue for the quarter was up 39.5% compared to the same quarter last year. Sell-side analysts anticipate that Payoneer Global Inc. will post 0.22 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Several equities analysts recently issued reports on the company. Cantor Fitzgerald reaffirmed an “overweight” rating and issued a $8.00 price objective on shares of Payoneer Global in a research report on Friday, September 22nd. The Goldman Sachs Group upped their price objective on Payoneer Global from $7.00 to $8.00 and gave the company a “buy” rating in a research report on Friday, September 22nd. Berenberg Bank initiated coverage on Payoneer Global in a report on Monday, July 10th. They set a “buy” rating and a $7.00 price target on the stock. Citigroup increased their price target on Payoneer Global from $9.00 to $10.00 in a report on Wednesday, August 9th. Finally, Needham & Company LLC reissued a “buy” rating and set a $10.00 price target on shares of Payoneer Global in a report on Friday, September 22nd. Seven equities research analysts have rated the stock with a buy rating, According to data from MarketBeat.com, the stock presently has a consensus rating of “Buy” and a consensus price target of $8.14.

Payoneer Global Company Profile

Payoneer Global Inc operates a payment and commerce-enabling platform 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.