Canada Pension Plan Investment Board purchased a new stake in Payoneer Global Inc. (NASDAQ:PAYO - Free Report) in the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm purchased 304,900 shares of the company's stock, valued at approximately $3,061,000. Canada Pension Plan Investment Board owned about 0.09% of Payoneer Global at the end of the most recent quarter.
Several other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Farringdon Capital Ltd. bought a new position in shares of Payoneer Global during the 4th quarter valued at approximately $106,000. Marshall Wace LLP raised its stake in shares of Payoneer Global by 191.5% in the fourth quarter. Marshall Wace LLP now owns 749,371 shares of the company's stock valued at $7,524,000 after acquiring an additional 492,326 shares during the period. EAM Investors LLC purchased a new stake in shares of Payoneer Global in the fourth quarter valued at $3,700,000. Portolan Capital Management LLC lifted its holdings in shares of Payoneer Global by 103.7% in the 4th quarter. Portolan Capital Management LLC now owns 2,173,559 shares of the company's stock worth $21,823,000 after acquiring an additional 1,106,343 shares during the last quarter. Finally, Walleye Capital LLC boosted its stake in shares of Payoneer Global by 162.5% during the 4th quarter. Walleye Capital LLC now owns 410,139 shares of the company's stock worth $4,118,000 after purchasing an additional 253,920 shares during the period. Hedge funds and other institutional investors own 82.22% of the company's stock.
Payoneer Global Trading Up 2.3 %
Shares of Payoneer Global stock opened at $6.29 on Wednesday. The stock's fifty day moving average price is $7.68 and its 200-day moving average price is $9.16. The firm has a market cap of $2.26 billion, a P/E ratio of 17.97, a P/E/G ratio of 2.88 and a beta of 1.02. Payoneer Global Inc. has a 12 month low of $4.86 and a 12 month high of $11.29.
Payoneer Global (NASDAQ:PAYO - Get Free Report) last posted its earnings results on Thursday, February 27th. The company reported $0.05 EPS for the quarter, missing analysts' consensus estimates of $0.06 by ($0.01). Payoneer Global had a net margin of 13.82% and a return on equity of 17.78%. The business had revenue of $261.74 million for the quarter, compared to analysts' expectations of $242.14 million. During the same period last year, the business posted $0.05 EPS. Analysts forecast that Payoneer Global Inc. will post 0.34 earnings per share for the current year.
Wall Street Analysts Forecast Growth
Several analysts have issued reports on the stock. Citigroup raised their price objective 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. Deutsche Bank Aktiengesellschaft assumed coverage on Payoneer Global in a research note on Monday, February 3rd. They set a "buy" rating and a $13.00 price target for the company. Keefe, Bruyette & Woods cut their price objective on Payoneer Global from $10.00 to $8.00 and set a "market perform" rating on the stock in a research report on Monday, March 31st. The Goldman Sachs Group lowered their target price on shares of Payoneer Global from $11.00 to $9.00 and set a "buy" rating for the company in a research note on Wednesday, April 2nd. Finally, Wolfe Research downgraded shares of Payoneer Global from an "outperform" rating to a "peer perform" rating in a research note on Wednesday, January 8th. Two research analysts have rated the stock with a hold rating, six have issued a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, Payoneer Global currently has an average rating of "Moderate Buy" and a consensus target price of $12.36.
Check Out Our Latest Stock Report on PAYO
About Payoneer Global
(
Free Report)
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.
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