Bryce Point Capital LLC Invests $515,000 in Payoneer Global Inc. (NASDAQ:PAYO)

Bryce Point Capital LLC acquired a new stake in Payoneer Global Inc. (NASDAQ:PAYO - Free Report) in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor acquired 51,334 shares of the company's stock, valued at approximately $515,000.

Other hedge funds have also recently added to or reduced their stakes in the company. Arrowstreet Capital Limited Partnership lifted its stake in shares of Payoneer Global by 200.0% in the 4th quarter. Arrowstreet Capital Limited Partnership now owns 3,470,347 shares of the company's stock valued at $34,842,000 after acquiring an additional 2,313,481 shares during the last quarter. Norges Bank bought a new position in Payoneer Global in the fourth quarter valued at about $18,130,000. American Century Companies Inc. boosted its stake in shares of Payoneer Global by 24.8% during the fourth quarter. American Century Companies Inc. now owns 8,166,652 shares of the company's stock valued at $81,993,000 after purchasing an additional 1,624,948 shares in the last quarter. JPMorgan Chase & Co. grew its holdings in shares of Payoneer Global by 414.4% during the fourth quarter. JPMorgan Chase & Co. now owns 1,162,304 shares of the company's stock worth $11,670,000 after purchasing an additional 936,345 shares during the last quarter. Finally, Lord Abbett & CO. LLC acquired a new position in shares of Payoneer Global in the third quarter valued at approximately $6,064,000. Institutional investors and hedge funds own 82.22% of the company's stock.

Analysts Set New Price Targets

A number of equities research analysts have weighed in on PAYO shares. The Goldman Sachs Group reduced 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 initiated coverage on Payoneer Global in a report on Monday, February 3rd. They issued a "buy" rating and a $13.00 target price on the stock. Wolfe Research lowered shares of Payoneer Global from an "outperform" rating to a "peer perform" rating in a report on Wednesday, January 8th. Keefe, Bruyette & Woods reduced their price objective on shares of Payoneer Global from $10.00 to $8.00 and set a "market perform" rating on the stock in a research note on Monday, March 31st. Finally, Citigroup lifted their target price on shares of Payoneer Global from $14.50 to $16.50 and gave the stock a "buy" rating in a research note on Tuesday, March 4th. Two investment analysts have rated the stock with a hold rating, six have issued a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average target price of $12.36.

Payoneer Global Trading Up 11.7 %

NASDAQ PAYO traded up $0.69 on Wednesday, hitting $6.59. 7,359,163 shares of the company were exchanged, compared to its average volume of 2,975,061. The company has a market cap of $2.37 billion, a PE ratio of 18.83, a PEG ratio of 2.88 and a beta of 1.02. The stock has a fifty day moving average of $8.44 and a 200-day moving average of $9.24. Payoneer Global Inc. has a 12 month low of $4.69 and a 12 month high of $11.29.

Payoneer Global (NASDAQ:PAYO - Get Free Report) last released its quarterly earnings data on Thursday, February 27th. The company reported $0.05 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.06 by ($0.01). Payoneer Global had a return on equity of 17.78% and a net margin of 13.82%. The company had revenue of $261.74 million for the quarter, compared to the consensus estimate of $242.14 million. During the same period last year, the company earned $0.05 EPS. On average, analysts expect that Payoneer Global Inc. will post 0.34 earnings per share for the current year.

Insider Transactions at Payoneer Global

In other Payoneer Global news, CFO Beatrice Ordonez sold 85,000 shares of Payoneer Global stock in a transaction dated Tuesday, January 21st. The stock was sold at an average price of $10.40, for a total transaction of $884,000.00. Following the completion of the transaction, the chief financial officer now owns 2,305,245 shares in the company, valued at approximately $23,974,548. The trade was a 3.56 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. 5.57% of the stock is currently owned by insiders.

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.