368,571 Shares in Payoneer Global Inc. (NASDAQ:PAYO) Acquired by EAM Investors LLC

EAM Investors LLC acquired a new position in shares of Payoneer Global Inc. (NASDAQ:PAYO - Free Report) in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 368,571 shares of the company's stock, valued at approximately $3,700,000. EAM Investors LLC owned about 0.10% of Payoneer Global as of its most recent SEC filing.

Several other hedge funds have also added to or reduced their stakes in PAYO. American Century Companies Inc. boosted its position in shares of Payoneer Global by 24.8% during the 4th quarter. American Century Companies Inc. now owns 8,166,652 shares of the company's stock worth $81,993,000 after acquiring an additional 1,624,948 shares in the last quarter. Geode Capital Management LLC grew its stake in shares of Payoneer Global by 2.4% in the 4th quarter. Geode Capital Management LLC now owns 6,777,377 shares of the company's stock valued at $68,059,000 after buying an additional 156,252 shares during the period. Renaissance Technologies LLC raised its holdings in Payoneer Global by 15.4% during the fourth quarter. Renaissance Technologies LLC now owns 5,126,300 shares of the company's stock worth $51,468,000 after buying an additional 685,395 shares during the last quarter. Arrowstreet Capital Limited Partnership lifted its holdings in shares of Payoneer Global by 200.0% in the fourth quarter. Arrowstreet Capital Limited Partnership now owns 3,470,347 shares of the company's stock valued at $34,842,000 after purchasing an additional 2,313,481 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. boosted its position in shares of Payoneer Global by 3.9% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 2,428,185 shares of the company's stock valued at $24,379,000 after buying an additional 91,029 shares during the last quarter. 82.22% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

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

Insider Buying and Selling

In other news, CFO Beatrice Ordonez sold 85,000 shares of the business's stock in a transaction 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 transaction, 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 position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 5.57% of the stock is currently owned by insiders.

Payoneer Global Stock Performance

PAYO stock traded down $0.25 during midday trading on Monday, reaching $6.11. 471,530 shares of the company's stock traded hands, compared to its average volume of 3,022,923. Payoneer Global Inc. has a 52 week low of $4.86 and a 52 week high of $11.29. The company has a 50-day moving average price of $7.85 and a two-hundred day moving average price of $9.19. The firm has a market capitalization of $2.20 billion, a PE ratio of 17.46, a price-to-earnings-growth ratio of 2.88 and a beta of 1.02.

Payoneer Global (NASDAQ:PAYO - Get Free Report) last issued 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). The company had revenue of $261.74 million for the quarter, compared to analysts' expectations of $242.14 million. Payoneer Global had a return on equity of 17.78% and a net margin of 13.82%. During the same period last year, the company posted $0.05 EPS. As a group, analysts predict that Payoneer Global Inc. will post 0.34 EPS for the current fiscal year.

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.