Amundi Boosts Holdings in Payoneer Global Inc. (NASDAQ:PAYO)

Amundi boosted its holdings in Payoneer Global Inc. (NASDAQ:PAYO - Free Report) by 203.3% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 135,137 shares of the company's stock after purchasing an additional 90,582 shares during the quarter. Amundi's holdings in Payoneer Global were worth $1,361,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. Blue Trust Inc. grew its position 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 valued at $54,000 after buying an additional 940 shares during the last quarter. Fifth Third Bancorp grew its position 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 valued at $45,000 after buying an additional 1,016 shares during the last quarter. State of Alaska Department of Revenue grew its position in shares of Payoneer Global by 1.0% in the 4th quarter. State of Alaska Department of Revenue now owns 145,923 shares of the company's stock valued at $1,465,000 after buying an additional 1,498 shares during the last quarter. Louisiana State Employees Retirement System grew its position in shares of Payoneer Global by 1.4% in the 4th quarter. Louisiana State Employees Retirement System now owns 124,100 shares of the company's stock valued at $1,246,000 after buying an additional 1,700 shares during the last quarter. Finally, The Manufacturers Life Insurance Company grew its position in shares of Payoneer Global by 1.2% in the 3rd quarter. The Manufacturers Life Insurance Company now owns 165,996 shares of the company's stock valued at $1,250,000 after buying an additional 1,907 shares during the last quarter. Institutional investors and hedge funds own 82.22% of the company's stock.

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Payoneer Global Price Performance

Shares of PAYO stock traded down $0.10 during mid-day trading on Friday, hitting $7.46. The stock had a trading volume of 7,470,918 shares, compared to its average volume of 2,747,754. Payoneer Global Inc. has a fifty-two week low of $4.60 and a fifty-two week high of $11.29. The firm has a market cap of $2.68 billion, a PE ratio of 21.31, a PEG ratio of 2.88 and a beta of 0.97. The company's 50-day simple moving average is $9.49 and its 200-day simple moving average is $9.28.

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

Insider Activity

In other news, insider Tsafi Goldman sold 96,350 shares of the stock in a transaction dated Thursday, January 2nd. The shares were sold at an average price of $10.07, for a total value of $970,244.50. Following the completion of the transaction, the insider now owns 741,748 shares in the company, valued at $7,469,402.36. This trade represents a 11.50 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CFO Beatrice Ordonez sold 85,000 shares of the stock in a transaction dated Tuesday, January 21st. The shares were 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 of the company's stock, valued at $23,974,548. This represents a 3.56 % decrease in their position. The disclosure for this sale can be found here. Insiders own 5.57% of the company's stock.

Wall Street Analysts Forecast Growth

A number of research analysts recently commented on PAYO shares. Citigroup increased their target price on shares of Payoneer Global from $14.50 to $16.50 and gave the company a "buy" rating in a research report on Tuesday, March 4th. Northland Securities increased their price target on shares of Payoneer Global from $13.00 to $14.00 and gave the stock an "outperform" rating in a research note on Friday, December 6th. Keefe, Bruyette & Woods decreased their price target on shares of Payoneer Global from $11.00 to $10.00 and set a "market perform" rating for the company in a research note on Friday, February 28th. Deutsche Bank Aktiengesellschaft started coverage on shares of Payoneer Global in a research note on Monday, February 3rd. They set a "buy" rating and a $13.00 price target for the company. Finally, Wolfe Research cut shares of Payoneer Global from an "outperform" rating to a "peer perform" rating in a research note on Wednesday, January 8th. Two equities research analysts have rated the stock with a hold rating, six have given a buy rating and one has given a strong buy rating to the company's stock. Based on data from MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus price target of $13.07.

Payoneer Global 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.