GSA Capital Partners LLP Sells 143,632 Shares of Payoneer Global Inc. $PAYO

GSA Capital Partners LLP decreased its position in shares of Payoneer Global Inc. (NASDAQ:PAYO) by 36.3% during the fourth quarter, HoldingsChannel reports. The fund owned 251,978 shares of the company’s stock after selling 143,632 shares during the quarter. GSA Capital Partners LLP’s holdings in Payoneer Global were worth $1,416,000 at the end of the most recent quarter.

Other hedge funds have also bought and sold shares of the company. ProShare Advisors LLC grew its holdings in shares of Payoneer Global by 4.1% in the fourth quarter. ProShare Advisors LLC now owns 54,909 shares of the company’s stock worth $309,000 after purchasing an additional 2,145 shares during the last quarter. Isthmus Partners LLC bought a new position in shares of Payoneer Global in the fourth quarter worth about $1,638,000. Bailard Inc. grew its holdings in shares of Payoneer Global by 4.0% in the fourth quarter. Bailard Inc. now owns 73,100 shares of the company’s stock worth $411,000 after purchasing an additional 2,800 shares during the last quarter. Sequoia Financial Advisors LLC grew its holdings in shares of Payoneer Global by 8.1% in the fourth quarter. Sequoia Financial Advisors LLC now owns 31,677 shares of the company’s stock worth $178,000 after purchasing an additional 2,368 shares during the last quarter. Finally, Mitsubishi UFJ Asset Management Co. Ltd. grew its holdings in shares of Payoneer Global by 42.1% in the fourth quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 35,931 shares of the company’s stock worth $195,000 after purchasing an additional 10,653 shares during the last quarter. Institutional investors own 82.22% of the company’s stock.

Wall Street Analyst Weigh In

A number of research analysts have recently commented on PAYO shares. Wall Street Zen upgraded shares of Payoneer Global from a “sell” rating to a “hold” rating in a report on Saturday, May 2nd. Needham & Company LLC dropped their target price on shares of Payoneer Global from $10.00 to $8.00 and set a “buy” rating on the stock in a report on Thursday, February 26th. Keefe, Bruyette & Woods dropped their target price on shares of Payoneer Global from $7.50 to $7.00 and set an “outperform” rating on the stock in a report on Friday, February 27th. Benchmark dropped their target price on shares of Payoneer Global from $10.00 to $7.00 and set a “buy” rating on the stock in a report on Friday, March 6th. Finally, Weiss Ratings reiterated a “hold (c)” rating on shares of Payoneer Global in a report on Thursday, January 22nd. Seven research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $7.57.

Payoneer Global Price Performance

Shares of Payoneer Global stock opened at $4.96 on Thursday. Payoneer Global Inc. has a 1 year low of $4.08 and a 1 year high of $7.66. The firm’s 50-day moving average is $4.87 and its two-hundred day moving average is $5.33. The stock has a market cap of $1.66 billion, a price-to-earnings ratio of 24.80, a PEG ratio of 0.51 and a beta of 1.01.

Payoneer Global (NASDAQ:PAYO) last issued its earnings results on Thursday, May 7th. The company reported $0.06 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.04 by $0.02. Payoneer Global had a net margin of 6.76% and a return on equity of 11.10%. The company had revenue of $261.60 million for the quarter, compared to analysts’ expectations of $255.12 million. During the same period in the prior year, the business earned $0.05 EPS. The firm’s quarterly revenue was up 6.1% on a year-over-year basis. On average, equities analysts expect that Payoneer Global Inc. will post 0.27 earnings per share for the current year.

Payoneer Global Company Profile

Payoneer Global (NASDAQ: PAYO) operates a digital payments platform that enables businesses, marketplaces and professionals to send and receive cross-border payments. The company’s core offerings include multi-currency receiving accounts, mass payout services and working capital solutions. Through its platform, Payoneer facilitates global transactions by connecting payors and payees across a network of local bank transfers, card payouts and digital wallets, supporting the seamless movement of funds in over 150 currencies.

Founded in 2005, Payoneer has grown from a small fintech venture into a widely adopted payments infrastructure provider that serves clients in more than 200 countries and territories.