Nantahala Capital Management LLC Purchases Shares of 483,836 Payoneer Global Inc. $PAYO

Nantahala Capital Management LLC bought a new stake in Payoneer Global Inc. (NASDAQ:PAYO) in the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund bought 483,836 shares of the company’s stock, valued at approximately $3,444,912.

Several other institutional investors and hedge funds have also recently bought and sold shares of PAYO. BlackRock Inc. purchased a new stake in shares of Payoneer Global during the 2nd quarter valued at $278,076,000. State Street Corp raised its position in shares of Payoneer Global by 1.8% in the 4th quarter. State Street Corp now owns 10,772,088 shares of the company’s stock worth $60,539,000 after buying an additional 195,410 shares during the period. Price T Rowe Associates Inc. MD raised its position in shares of Payoneer Global by 1.8% in the 4th quarter. Price T Rowe Associates Inc. MD now owns 10,436,470 shares of the company’s stock worth $58,654,000 after buying an additional 182,614 shares during the period. Pentwater Capital Management LP acquired a new position in Payoneer Global in the second quarter valued at $70,405,000. Finally, Dimensional Fund Advisors LP boosted its holdings in Payoneer Global by 3.6% in the first quarter. Dimensional Fund Advisors LP now owns 7,544,420 shares of the company’s stock valued at $36,438,000 after acquiring an additional 263,030 shares during the last quarter. Institutional investors and hedge funds own 82.22% of the company’s stock.

Payoneer Global Trading Down 0.3%

PAYO stock opened at $7.11 on Friday. The stock’s 50 day simple moving average is $7.11 and its 200 day simple moving average is $5.84. Payoneer Global Inc. has a 12-month low of $4.08 and a 12-month high of $7.18. The firm has a market cap of $2.41 billion, a P/E ratio of 50.79, a P/E/G ratio of 1.49 and a beta of 0.96.

Payoneer Global (NASDAQ:PAYO) last released its quarterly earnings data on Thursday, August 6th. The company reported ($0.01) earnings per share for the quarter, missing the consensus estimate of $0.06 by ($0.07). The business had revenue of $274.26 million for the quarter, compared to analyst estimates of $270.98 million. Payoneer Global had a return on equity of 9.97% and a net margin of 4.65%.Payoneer Global’s revenue was up 5.2% compared to the same quarter last year. During the same quarter last year, the company earned $0.05 EPS. On average, research analysts forecast that Payoneer Global Inc. will post 0.2 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

A number of research analysts have weighed in on PAYO shares. Needham & Company LLC cut shares of Payoneer Global from a “buy” rating to a “hold” rating in a research report on Monday, June 15th. Northland Securities set a $7.40 price objective on shares of Payoneer Global in a research report on Monday, June 15th. Weiss Ratings downgraded shares of Payoneer Global from a “hold (c)” rating to a “hold (c-)” rating in a research note on Tuesday, August 11th. William Blair lowered shares of Payoneer Global from an “outperform” rating to a “hold” rating in a report on Monday, June 15th. Finally, Citigroup cut shares of Payoneer Global from a “buy” rating to a “neutral” rating and decreased their price target for the stock from $10.00 to $7.40 in a research report on Tuesday, June 16th. One equities research analyst has rated the stock with a Buy rating and eight have given a Hold rating to the company. According to MarketBeat, Payoneer Global currently has an average rating of “Hold” and a consensus price target of $7.40.

Insider Buying and Selling

In other news, CFO Beatrice Ordonez sold 25,000 shares of the company’s stock in a transaction that occurred on Monday, June 15th. The shares were sold at an average price of $7.01, for a total value of $175,250.00. Following the completion of the sale, the chief financial officer directly owned 2,887,266 shares of the company’s stock, valued at approximately $20,239,734.66. This represents a 0.86% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 2.06% of the stock is currently owned by corporate insiders.

About Payoneer Global

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.