Charles Schwab Investment Management Inc. Raises Stock Holdings in Payoneer Global Inc. (NASDAQ:PAYO)

Charles Schwab Investment Management Inc. lifted its stake in Payoneer Global Inc. (NASDAQ:PAYO - Free Report) by 3.9% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 2,428,185 shares of the company's stock after purchasing an additional 91,029 shares during the quarter. Charles Schwab Investment Management Inc. owned 0.68% of Payoneer Global worth $24,379,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors have also recently modified their holdings of PAYO. Smartleaf Asset Management LLC raised its position 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 last quarter. Fifth Third Bancorp raised 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 worth $45,000 after purchasing an additional 1,016 shares during the last quarter. Blue Trust Inc. raised 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 worth $54,000 after purchasing an additional 940 shares during the last quarter. GAMMA Investing LLC raised its position in 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 buying an additional 2,425 shares during the last quarter. Finally, Centiva Capital LP purchased a new position in Payoneer Global in the 3rd quarter worth about $121,000. Hedge funds and other institutional investors own 82.22% of the company's stock.

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Payoneer Global Stock Down 1.3 %

Shares of Payoneer Global stock traded down $0.10 during trading hours on Friday, reaching $7.46. 7,470,918 shares of the stock traded hands, compared to its average volume of 2,747,754. The company has a 50 day moving average price of $9.49 and a 200 day moving average price of $9.28. The firm has a market capitalization of $2.68 billion, a price-to-earnings ratio of 21.31, a P/E/G ratio of 2.88 and a beta of 0.97. Payoneer Global Inc. has a one year low of $4.60 and a one year high of $11.29.

Payoneer Global (NASDAQ:PAYO - Get Free Report) last released its quarterly earnings results 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). The firm had revenue of $261.74 million for the quarter, compared to the consensus estimate of $242.14 million. Payoneer Global had a net margin of 13.82% and a return on equity of 17.78%. During the same quarter in the prior year, the firm earned $0.05 earnings per share. Sell-side analysts anticipate that Payoneer Global Inc. will post 0.34 earnings per share for the current year.

Insider Activity at Payoneer Global

In related news, CFO Beatrice Ordonez sold 85,000 shares of the business's stock in a transaction that occurred on 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 directly 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 sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, insider Tsafi Goldman sold 96,350 shares of the business's stock in a transaction that occurred on Thursday, January 2nd. The shares were sold at an average price of $10.07, for a total value of $970,244.50. Following the transaction, the insider now owns 741,748 shares of the company's stock, valued at approximately $7,469,402.36. This trade represents a 11.50 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 5.57% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

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

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.