Counterpoint Mutual Funds LLC Makes New Investment in Payoneer Global Inc. (NASDAQ:PAYO)

Counterpoint Mutual Funds LLC bought a new position in shares of Payoneer Global Inc. (NASDAQ:PAYO - Free Report) during the 4th quarter, according to the company in its most recent filing with the SEC. The fund bought 180,145 shares of the company's stock, valued at approximately $1,809,000. Payoneer Global accounts for about 0.2% of Counterpoint Mutual Funds LLC's investment portfolio, making the stock its 21st largest position. Counterpoint Mutual Funds LLC owned approximately 0.05% of Payoneer Global at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Cibc World Markets Corp acquired a new position in Payoneer Global during the fourth quarter worth $273,000. Royce & Associates LP boosted its position in shares of Payoneer Global by 15.0% during the 4th quarter. Royce & Associates LP now owns 269,161 shares of the company's stock worth $2,702,000 after purchasing an additional 35,151 shares in the last quarter. Swiss National Bank grew its stake in shares of Payoneer Global by 4.3% during the 4th quarter. Swiss National Bank now owns 600,800 shares of the company's stock worth $6,032,000 after purchasing an additional 24,900 shares during the period. Connor Clark & Lunn Investment Management Ltd. purchased a new position in shares of Payoneer Global in the 4th quarter valued at about $3,037,000. Finally, Sage Mountain Advisors LLC acquired a new stake in shares of Payoneer Global in the fourth quarter valued at about $348,000. Institutional investors and hedge funds own 82.22% of the company's stock.

Payoneer Global Stock Down 1.3 %

Shares of NASDAQ:PAYO traded down $0.10 during trading on Friday, reaching $7.46. The stock had a trading volume of 7,470,918 shares, compared to its average volume of 2,750,135. Payoneer Global Inc. has a fifty-two week low of $4.60 and a fifty-two week high of $11.29. The business has a fifty day moving average price of $9.54 and a 200-day moving average price of $9.28. The stock has a market cap of $2.68 billion, a P/E ratio of 21.31, a PEG ratio of 2.88 and a beta of 0.97.

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Payoneer Global (NASDAQ:PAYO - Get Free Report) last posted its quarterly 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). The business had revenue of $261.74 million during the quarter, compared to analysts' expectations 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 last year, the firm earned $0.05 EPS. As a group, equities analysts forecast that Payoneer Global Inc. will post 0.34 EPS for the current year.

Insider Activity at Payoneer Global

In other Payoneer Global news, CFO Beatrice Ordonez sold 85,000 shares of the business's stock in a transaction that occurred on 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 sale, the chief financial officer now directly owns 2,305,245 shares in the company, valued at $23,974,548. The trade was a 3.56 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Tsafi Goldman sold 96,350 shares of the stock in a transaction on Thursday, January 2nd. The stock was sold at an average price of $10.07, for a total transaction of $970,244.50. Following the completion of the sale, the insider now directly owns 741,748 shares of the company's stock, valued at $7,469,402.36. The trade was a 11.50 % decrease in their position. The disclosure for this sale can be found here. 5.57% of the stock is owned by insiders.

Wall Street Analyst Weigh In

PAYO has been the topic of several recent analyst reports. Deutsche Bank Aktiengesellschaft assumed coverage on shares of Payoneer Global in a research report on Monday, February 3rd. They set a "buy" rating and a $13.00 target price on the stock. 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. Northland Securities lifted their price target on 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 lowered their price objective on shares of Payoneer Global from $11.00 to $10.00 and set a "market perform" rating on the stock in a research note on Friday, February 28th. Finally, Wolfe Research downgraded shares of Payoneer Global from an "outperform" rating to a "peer perform" rating in a report on Wednesday, January 8th. Two investment 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. According to MarketBeat.com, Payoneer Global currently has a consensus 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.