ProShare Advisors LLC Increases Stock Holdings in Payoneer Global Inc. (NASDAQ:PAYO)

ProShare Advisors LLC lifted its stake in shares of Payoneer Global Inc. (NASDAQ:PAYO) by 48.4% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 86,783 shares of the company’s stock after buying an additional 28,286 shares during the quarter. ProShare Advisors LLC’s holdings in Payoneer Global were worth $871,000 as of its most recent filing with the SEC.

Several other hedge funds have also modified their holdings of PAYO. Susquehanna Capital Management LLC grew its stake in Payoneer Global by 290.3% during the 4th 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 grew its stake in Payoneer Global by 200.0% during the 4th quarter. Arrowstreet Capital Limited Partnership now owns 3,470,347 shares of the company’s stock valued at $34,842,000 after purchasing an additional 2,313,481 shares in the last quarter. Deutsche Bank AG grew its stake in Payoneer Global by 252.8% during the 4th quarter. Deutsche Bank AG now owns 2,779,110 shares of the company’s stock valued at $27,902,000 after purchasing an additional 1,991,449 shares in the last quarter. Driehaus Capital Management LLC acquired a new stake in Payoneer Global during the 4th quarter valued at approximately $19,305,000. Finally, D. E. Shaw & Co. Inc. grew its stake in Payoneer Global by 1,065.1% during the 4th quarter. D. E. Shaw & Co. Inc. now owns 2,081,589 shares of the company’s stock valued at $20,899,000 after purchasing an additional 1,902,925 shares in the last quarter. 82.22% of the stock is currently owned by hedge funds and other institutional investors.

Payoneer Global Price Performance

NASDAQ:PAYO opened at $6.81 on Friday. Payoneer Global Inc. has a 12-month low of $5.03 and a 12-month high of $11.29. The firm has a market capitalization of $2.46 billion, a P/E ratio of 19.46, a P/E/G ratio of 2.88 and a beta of 1.03. The business has a 50 day simple moving average of $6.89 and a 200 day simple moving average of $8.94.

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

Analysts Set New Price Targets

Several research analysts have recently commented on the company. Citigroup reiterated a “buy” rating and issued a $10.00 target price (down previously from $13.00) on shares of Payoneer Global in a research report on Thursday. Needham & Company LLC decreased their target price on Payoneer Global from $14.00 to $8.00 and set a “buy” rating for the company in a research report on Thursday, May 8th. The Goldman Sachs Group decreased their target price on Payoneer Global from $11.00 to $9.00 and set a “buy” rating for the company in a research report on Wednesday, April 2nd. Deutsche Bank Aktiengesellschaft assumed coverage on Payoneer Global in a research report on Monday, February 3rd. They issued a “buy” rating and a $13.00 target price for the company. Finally, Keefe, Bruyette & Woods upgraded Payoneer Global from a “market perform” rating to an “outperform” rating and lifted their target price for the stock from $7.00 to $9.00 in a research report on Tuesday, May 13th. One analyst has rated the stock with a hold rating, seven have given a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Buy” and an average price target of $10.71.

Payoneer Global Company 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.