Portolan Capital Management LLC Buys 1,106,343 Shares of Payoneer Global Inc. (NASDAQ:PAYO)

Portolan Capital Management LLC increased its position in shares of Payoneer Global Inc. (NASDAQ:PAYO - Free Report) by 103.7% during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 2,173,559 shares of the company's stock after purchasing an additional 1,106,343 shares during the quarter. Payoneer Global makes up about 1.5% of Portolan Capital Management LLC's holdings, making the stock its 17th biggest position. Portolan Capital Management LLC owned approximately 0.61% of Payoneer Global worth $21,823,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Walleye Capital LLC grew its holdings in shares of Payoneer Global by 162.5% in the fourth quarter. Walleye Capital LLC now owns 410,139 shares of the company's stock valued at $4,118,000 after acquiring an additional 253,920 shares in the last quarter. CreativeOne Wealth LLC purchased a new position in Payoneer Global in the fourth quarter worth $103,000. Mariner LLC bought a new position in Payoneer Global in the 4th quarter valued at $283,000. Barclays PLC increased its position in shares of Payoneer Global by 6.2% during the 4th quarter. Barclays PLC now owns 529,641 shares of the company's stock valued at $5,318,000 after purchasing an additional 30,914 shares during the last quarter. Finally, Summit Investment Advisors Inc. raised its stake in shares of Payoneer Global by 5.8% during the 4th quarter. Summit Investment Advisors Inc. now owns 30,355 shares of the company's stock worth $305,000 after purchasing an additional 1,663 shares during the period. Hedge funds and other institutional investors own 82.22% of the company's stock.

Insider Transactions at Payoneer Global

In other Payoneer Global news, CFO Beatrice Ordonez sold 85,000 shares of Payoneer Global 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 sale was disclosed in a document filed with the SEC, which is available through this hyperlink. 5.57% of the stock is owned by insiders.

Analyst Ratings Changes

A number of analysts recently 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 report on Tuesday, March 4th. The Goldman Sachs Group lowered their price target 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 Payoneer Global from $10.00 to $8.00 and set a "market perform" rating for the company in a report on Monday, March 31st. Wolfe Research downgraded Payoneer Global from an "outperform" rating to a "peer perform" rating in a research report on Wednesday, January 8th. Finally, 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. Two research 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 stock. According to MarketBeat, the company has an average rating of "Moderate Buy" and an average price target of $12.36.

Payoneer Global Stock Performance

Payoneer Global stock traded down $0.05 during midday trading on Friday, reaching $6.36. 2,503,616 shares of the stock were exchanged, compared to its average volume of 3,029,314. Payoneer Global Inc. has a 52 week low of $4.79 and a 52 week high of $11.29. The firm has a market cap of $2.29 billion, a PE ratio of 18.17, a PEG ratio of 2.88 and a beta of 1.02. The company's fifty day moving average is $7.85 and its 200-day moving average is $9.17.

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 for the quarter, missing the consensus estimate of $0.06 by ($0.01). The firm had revenue of $261.74 million during the quarter, compared to the consensus estimate 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 company posted $0.05 EPS. On average, sell-side analysts anticipate that Payoneer Global Inc. will post 0.34 earnings per share for the current fiscal year.

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.