BNP Paribas Financial Markets Makes New $10.20 Million Investment in Payoneer Global Inc. (NASDAQ:PAYO)

BNP Paribas Financial Markets bought a new position in shares of Payoneer Global Inc. (NASDAQ:PAYO) during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm bought 1,015,780 shares of the company’s stock, valued at approximately $10,198,000. BNP Paribas Financial Markets owned approximately 0.28% of Payoneer Global as of its most recent SEC filing.

Several other hedge funds have also recently modified their holdings of the company. Quarry LP bought a new stake in shares of Payoneer Global in the 4th quarter worth approximately $29,000. Smartleaf Asset Management LLC raised its holdings in shares of Payoneer Global by 405.8% in the 4th quarter. Smartleaf Asset Management LLC now owns 3,819 shares of the company’s stock worth $38,000 after purchasing an additional 3,064 shares during the period. Fifth Third Bancorp raised its holdings in shares of Payoneer Global by 29.3% in the 4th quarter. Fifth Third Bancorp now owns 4,488 shares of the company’s stock worth $45,000 after purchasing an additional 1,016 shares during the period. Blue Trust Inc. raised its holdings in shares of Payoneer Global by 21.2% in the 4th quarter. Blue Trust Inc. now owns 5,380 shares of the company’s stock worth $54,000 after purchasing an additional 940 shares during the period. Finally, GAMMA Investing LLC raised its holdings in shares of Payoneer Global by 41.7% in the 4th quarter. GAMMA Investing LLC now owns 8,241 shares of the company’s stock worth $83,000 after purchasing an additional 2,425 shares during the period. Institutional investors own 82.22% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently commented on PAYO shares. Needham & Company LLC lowered their price target on shares of Payoneer Global from $14.00 to $8.00 and set a “buy” rating on the stock in a report on Thursday. The Goldman Sachs Group lowered their target price on shares of Payoneer Global from $11.00 to $9.00 and set a “buy” rating on the stock in a report on Wednesday, April 2nd. Deutsche Bank Aktiengesellschaft started coverage on shares of Payoneer Global in a report on Monday, February 3rd. They set a “buy” rating and a $13.00 target price on the stock. Keefe, Bruyette & Woods lowered their target price on shares of Payoneer Global from $8.00 to $7.00 and set a “market perform” rating on the stock in a report on Thursday. Finally, Citigroup boosted their target price on shares of Payoneer Global from $14.50 to $16.50 and gave the company a “buy” rating in a report on Tuesday, March 4th. Two research analysts have rated the stock with a hold rating, six 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 “Moderate Buy” and an average target price of $11.36.

Payoneer Global Stock Performance

Payoneer Global stock opened at $6.63 on Monday. The stock has a market cap of $2.39 billion, a P/E ratio of 18.94, a PEG ratio of 2.88 and a beta of 1.03. Payoneer Global Inc. has a fifty-two week low of $5.03 and a fifty-two week high of $11.29. The firm’s fifty day moving average price is $6.94 and its 200-day moving average price is $9.06.

Payoneer Global (NASDAQ:PAYO) last released its quarterly earnings results on Wednesday, May 7th. The company reported $0.05 earnings per share for the quarter, missing the consensus estimate of $0.07 by ($0.02). The firm had revenue of $246.62 million during the quarter, compared to the consensus estimate of $244.52 million. Payoneer Global had a return on equity of 17.78% and a net margin of 13.82%. The company’s revenue for the quarter was up 8.1% compared to the same quarter last year. During the same period in the previous year, the company posted $0.08 EPS. Sell-side analysts predict that Payoneer Global Inc. will post 0.34 earnings per share for the current year.

About Payoneer Global

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.