Nantahala Capital Management LLC Increases Stock Position in Payoneer Global Inc. (NASDAQ:PAYO)

Nantahala Capital Management LLC grew its stake in Payoneer Global Inc. (NASDAQ:PAYO) by 16.2% during the second quarter, according to its most recent 13F filing with the SEC. The firm owned 2,115,653 shares of the company’s stock after acquiring an additional 294,227 shares during the period. Payoneer Global comprises 0.7% of Nantahala Capital Management LLC’s investment portfolio, making the stock its 23rd biggest holding. Nantahala Capital Management LLC owned approximately 0.57% of Payoneer Global worth $11,721,000 as of its most recent filing with the SEC.

Other large investors have also recently made changes to their positions in the company. Xponance Inc. increased its holdings in Payoneer Global by 12.1% in the 2nd quarter. Xponance Inc. now owns 17,928 shares of the company’s stock valued at $99,000 after purchasing an additional 1,942 shares during the last quarter. Harel Insurance Investments & Financial Services Ltd. lifted its stake in Payoneer Global by 27.8% during the 1st quarter. Harel Insurance Investments & Financial Services Ltd. now owns 9,541 shares of the company’s stock worth $46,000 after acquiring an additional 2,074 shares in the last quarter. Y.D. More Investments Ltd boosted its holdings in Payoneer Global by 11.7% during the 2nd quarter. Y.D. More Investments Ltd now owns 22,142 shares of the company’s stock valued at $122,000 after acquiring an additional 2,328 shares during the period. Texas Permanent School Fund Corp grew its position in Payoneer Global by 1.3% in the 1st quarter. Texas Permanent School Fund Corp now owns 227,988 shares of the company’s stock valued at $1,108,000 after acquiring an additional 2,958 shares in the last quarter. Finally, Illinois Municipal Retirement Fund increased its stake in Payoneer Global by 1.9% during the first quarter. Illinois Municipal Retirement Fund now owns 160,551 shares of the company’s stock worth $780,000 after purchasing an additional 3,028 shares during the period. 82.22% of the stock is currently owned by institutional investors and hedge funds.

Payoneer Global Trading Down 1.1 %

Shares of PAYO stock opened at $7.53 on Tuesday. The company has a market cap of $2.81 billion, a P/E ratio of 25.10 and a beta of 0.85. The firm has a fifty day moving average price of $6.83 and a 200 day moving average price of $5.86. Payoneer Global Inc. has a 12 month low of $4.22 and a 12 month high of $7.73.

Payoneer Global (NASDAQ:PAYO) last issued its earnings results on Wednesday, August 7th. The company reported $0.09 earnings per share for the quarter, topping the consensus estimate of $0.06 by $0.03. The business had revenue of $239.50 million for the quarter, compared to analyst estimates of $223.12 million. Payoneer Global had a return on equity of 15.28% and a net margin of 11.25%. The business’s quarterly revenue was up 15.9% on a year-over-year basis. During the same quarter last year, the company earned $0.12 EPS. On average, equities analysts forecast that Payoneer Global Inc. will post 0.25 EPS for the current year.

Analysts Set New Price Targets

PAYO has been the subject of several recent research reports. Needham & Company LLC raised their price objective on shares of Payoneer Global from $8.00 to $9.00 and gave the company a “buy” rating in a research note on Thursday, August 8th. Cantor Fitzgerald raised shares of Payoneer Global to a “strong-buy” rating in a research report on Monday, August 12th. Benchmark restated a “buy” rating and issued a $9.00 price target on shares of Payoneer Global in a research note on Thursday, August 8th. The Goldman Sachs Group increased their price objective on Payoneer Global from $6.50 to $8.00 and gave the company a “buy” rating in a research note on Thursday, August 8th. Finally, Keefe, Bruyette & Woods boosted their target price on Payoneer Global from $7.00 to $8.00 and gave the stock an “outperform” rating in a research note on Thursday, August 8th. Six investment analysts have rated the stock with a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Buy” and a consensus price target of $8.50.

Insider Activity

In related news, Director Scott H. Galit sold 150,000 shares of the firm’s stock in a transaction that occurred on Wednesday, August 28th. The stock was sold at an average price of $7.07, for a total transaction of $1,060,500.00. Following the transaction, the director now owns 1,809,674 shares in the company, valued at approximately $12,794,395.18. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. In other Payoneer Global news, Director Scott H. Galit sold 10,601 shares of Payoneer Global stock in a transaction that occurred on Tuesday, July 16th. The stock was sold at an average price of $5.52, for a total value of $58,517.52. Following the transaction, the director now directly owns 2,122,421 shares in the company, valued at approximately $11,715,763.92. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Scott H. Galit sold 150,000 shares of the business’s stock in a transaction that occurred on Wednesday, August 28th. The shares were sold at an average price of $7.07, for a total value of $1,060,500.00. Following the completion of the transaction, the director now directly owns 1,809,674 shares in the company, valued at approximately $12,794,395.18. The disclosure for this sale can be found here. In the last three months, insiders sold 1,537,917 shares of company stock valued at $8,603,989. Insiders own 5.57% of the company’s stock.

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.