KLP Kapitalforvaltning AS Takes $648,000 Position in Payoneer Global Inc. (NASDAQ:PAYO)

KLP Kapitalforvaltning AS bought a new stake in Payoneer Global Inc. (NASDAQ:PAYO - Free Report) in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor bought 64,500 shares of the company's stock, valued at approximately $648,000.

Other large investors also recently added to or reduced their stakes in the company. Smartleaf Asset Management LLC boosted its position in shares of Payoneer Global by 405.8% during the 4th quarter. Smartleaf Asset Management LLC now owns 3,819 shares of the company's stock valued at $38,000 after acquiring an additional 3,064 shares during the last quarter. Fifth Third Bancorp grew its position in Payoneer Global by 29.3% in the fourth quarter. Fifth Third Bancorp now owns 4,488 shares of the company's stock worth $45,000 after acquiring an additional 1,016 shares during the period. Blue Trust Inc. increased its stake in Payoneer Global by 21.2% during the fourth quarter. Blue Trust Inc. now owns 5,380 shares of the company's stock worth $54,000 after acquiring an additional 940 shares during the last quarter. GAMMA Investing LLC raised its position in Payoneer Global by 41.7% in the fourth quarter. GAMMA Investing LLC now owns 8,241 shares of the company's stock valued at $83,000 after purchasing an additional 2,425 shares during the period. Finally, Rialto Wealth Management LLC acquired a new position in shares of Payoneer Global in the 4th quarter valued at $105,000. 82.22% of the stock is currently owned by hedge funds and other institutional investors.

Payoneer Global Stock Performance

Shares of NASDAQ:PAYO traded down $0.52 during trading on Friday, hitting $6.21. The company's stock had a trading volume of 7,090,993 shares, compared to its average volume of 2,924,226. Payoneer Global Inc. has a fifty-two week low of $4.69 and a fifty-two week high of $11.29. The business has a 50 day moving average price of $8.88 and a two-hundred day moving average price of $9.31. The company has a market capitalization of $2.23 billion, a PE ratio of 17.74, a P/E/G ratio of 2.88 and a beta of 1.02.

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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). The company had revenue of $261.74 million for the quarter, compared to analyst estimates 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 in the previous year, the firm earned $0.05 earnings per share. As a group, equities analysts expect that Payoneer Global Inc. will post 0.34 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Several brokerages recently issued reports on PAYO. Deutsche Bank Aktiengesellschaft started coverage on shares of Payoneer Global in a report on Monday, February 3rd. They issued a "buy" rating and a $13.00 price objective on the stock. Keefe, Bruyette & Woods reduced their price target on shares of Payoneer Global from $10.00 to $8.00 and set a "market perform" rating on the stock in a research note on Monday, March 31st. The Goldman Sachs Group lowered their price objective on shares of Payoneer Global from $11.00 to $9.00 and set a "buy" rating for the company in a research report on Wednesday. Wolfe Research lowered Payoneer Global from an "outperform" rating to a "peer perform" rating in a research report on Wednesday, January 8th. Finally, Citigroup upped their price target on Payoneer Global from $14.50 to $16.50 and gave the stock a "buy" rating in a research note on Tuesday, March 4th. Two analysts have rated the stock with a hold rating, six have given a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, Payoneer Global has an average rating of "Moderate Buy" and an average price target of $12.36.

Insider Activity at Payoneer Global

In other Payoneer Global news, CFO Beatrice Ordonez sold 85,000 shares of the stock in a transaction that occurred on Tuesday, January 21st. The shares were sold at an average price of $10.40, for a total value of $884,000.00. Following the sale, the chief financial officer now directly owns 2,305,245 shares of the company's stock, valued at approximately $23,974,548. This represents a 3.56 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this link. 5.57% of the stock is owned by corporate insiders.

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.