604,260 Shares in Payoneer Global Inc. (NASDAQ:PAYO) Purchased by Castleark Management LLC

Castleark Management LLC acquired a new stake in Payoneer Global Inc. (NASDAQ:PAYO) in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor acquired 604,260 shares of the company’s stock, valued at approximately $6,067,000. Castleark Management LLC owned about 0.17% of Payoneer Global at the end of the most recent quarter.

A number of other institutional investors have also bought and sold shares of PAYO. Susquehanna Capital Management LLC grew its position in shares of Payoneer Global by 290.3% in the fourth quarter. Susquehanna Capital Management LLC now owns 25,268,954 shares of the company’s stock valued at $253,700,000 after purchasing an additional 18,794,047 shares in the last quarter. Arrowstreet Capital Limited Partnership increased its stake in shares of Payoneer Global by 200.0% in the 4th quarter. Arrowstreet Capital Limited Partnership now owns 3,470,347 shares of the company’s stock worth $34,842,000 after acquiring an additional 2,313,481 shares during the last quarter. Deutsche Bank AG raised its holdings in shares of Payoneer Global by 252.8% during the 4th quarter. Deutsche Bank AG now owns 2,779,110 shares of the company’s stock worth $27,902,000 after acquiring an additional 1,991,449 shares during the period. Driehaus Capital Management LLC acquired a new position in shares of Payoneer Global during the 4th quarter valued at about $19,305,000. Finally, D. E. Shaw & Co. Inc. increased its position in Payoneer Global by 1,065.1% during the fourth quarter. D. E. Shaw & Co. Inc. now owns 2,081,589 shares of the company’s stock worth $20,899,000 after purchasing an additional 1,902,925 shares during the last quarter. 82.22% of the stock is owned by hedge funds and other institutional investors.

Payoneer Global Stock Down 4.0%

PAYO opened at $6.90 on Thursday. Payoneer Global Inc. has a 52 week low of $5.03 and a 52 week high of $11.29. The business has a fifty day simple moving average of $6.90 and a 200-day simple moving average of $8.98. The firm has a market cap of $2.50 billion, a P/E ratio of 19.71, a P/E/G ratio of 2.88 and a beta of 1.03.

Payoneer Global (NASDAQ:PAYO) last announced its earnings results on Wednesday, May 7th. The company reported $0.05 EPS for the quarter, missing analysts’ consensus estimates of $0.07 by ($0.02). The firm had revenue of $246.62 million for the quarter, compared to analysts’ expectations of $244.52 million. Payoneer Global had a net margin of 13.82% and a return on equity of 17.78%. The business’s revenue was up 8.1% compared to the same quarter last year. During the same quarter last year, the business earned $0.08 earnings per share. Sell-side analysts expect that Payoneer Global Inc. will post 0.34 earnings per share for the current year.

Analyst Ratings Changes

Several research firms have weighed in on PAYO. Citigroup boosted their target price on shares of Payoneer Global from $14.50 to $16.50 and gave the company a “buy” rating in a report on Tuesday, March 4th. Keefe, Bruyette & Woods upgraded Payoneer Global from a “market perform” rating to an “outperform” rating and upped their price objective for the company from $7.00 to $9.00 in a report on Tuesday, May 13th. Deutsche Bank Aktiengesellschaft initiated coverage on Payoneer Global in a research note on Monday, February 3rd. They set a “buy” rating and a $13.00 target price for the company. The Goldman Sachs Group decreased their price target on Payoneer Global from $11.00 to $9.00 and set a “buy” rating on the stock in a research note on Wednesday, April 2nd. Finally, Needham & Company LLC lowered their price target on Payoneer Global from $14.00 to $8.00 and set a “buy” rating for the company in a report on Thursday, May 8th. One equities research analyst has rated the stock with a hold rating, seven have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Buy” and a consensus price target of $11.64.

Payoneer Global Profile

Payoneer Global Inc operates as a financial technology company. It operates a payment infrastructure platform that provides customers with a one-stop, global, multi-currency account to serve their accounts receivable and accounts payable needs. The company delivers a suite of services that includes cross-border payments, physical and virtual MasterCard cards, working capital, risk management, and other services.