Payoneer Global Inc. $PAYO Shares Purchased by Dynamic Technology Lab Private Ltd

Dynamic Technology Lab Private Ltd increased its stake in Payoneer Global Inc. (NASDAQ:PAYO) by 293.1% in the 3rd quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 196,666 shares of the company’s stock after acquiring an additional 146,633 shares during the quarter. Dynamic Technology Lab Private Ltd owned approximately 0.05% of Payoneer Global worth $1,190,000 at the end of the most recent reporting period.

A number of other large investors also recently added to or reduced their stakes in PAYO. Osaic Holdings Inc. grew its position in shares of Payoneer Global by 246.5% in the second quarter. Osaic Holdings Inc. now owns 4,636 shares of the company’s stock valued at $33,000 after purchasing an additional 3,298 shares during the period. Journey Strategic Wealth LLC acquired a new position in shares of Payoneer Global during the 2nd quarter worth about $71,000. Marex Group plc purchased a new position in Payoneer Global in the 2nd quarter valued at about $72,000. Shelton Capital Management purchased a new position in Payoneer Global in the 2nd quarter valued at about $81,000. Finally, Oak Thistle LLC acquired a new stake in Payoneer Global in the 3rd quarter worth about $73,000. 82.22% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several research firms have commented on PAYO. Benchmark cut their price objective on Payoneer Global from $10.00 to $7.00 and set a “buy” rating for the company in a research note on Friday. Needham & Company LLC decreased their target price on Payoneer Global from $10.00 to $8.00 and set a “buy” rating on the stock in a research report on Thursday, February 26th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Payoneer Global in a research note on Thursday, January 22nd. Keefe, Bruyette & Woods dropped their price target on Payoneer Global from $7.50 to $7.00 and set an “outperform” rating for the company in a research report on Friday, February 27th. Finally, Wall Street Zen downgraded Payoneer Global from a “hold” rating to a “sell” rating in a research note on Saturday. Seven analysts have rated the stock with a Buy rating and one has given a Hold rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $8.00.

Payoneer Global Trading Down 3.1%

Shares of NASDAQ PAYO opened at $4.70 on Monday. The stock has a market cap of $1.68 billion, a PE ratio of 24.74, a P/E/G ratio of 0.57 and a beta of 1.10. Payoneer Global Inc. has a 12-month low of $4.08 and a 12-month high of $7.97. The company has a 50-day moving average of $5.51 and a 200 day moving average of $5.86.

Payoneer Global (NASDAQ:PAYO) last released its earnings results on Thursday, February 26th. The company reported $0.05 earnings per share for the quarter, missing analysts’ consensus estimates of $0.06 by ($0.01). The business had revenue of $274.69 million during the quarter, compared to analysts’ expectations of $282.79 million. Payoneer Global had a return on equity of 10.89% and a net margin of 6.95%.The company’s revenue for the quarter was up 5.0% compared to the same quarter last year. During the same period last year, the business earned $0.05 earnings per share. On average, sell-side analysts forecast that Payoneer Global Inc. will post 0.34 EPS for the current fiscal year.

Payoneer Global 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.