Payoneer Global Inc. (NASDAQ:PAYO) Shares Bought by Royce & Associates LP

Royce & Associates LP boosted its stake in Payoneer Global Inc. (NASDAQ:PAYO - Free Report) by 15.0% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 269,161 shares of the company's stock after acquiring an additional 35,151 shares during the period. Royce & Associates LP owned 0.08% of Payoneer Global worth $2,702,000 at the end of the most recent reporting period.

A number of other large investors have also recently added to or reduced their stakes in PAYO. Azora Capital LP acquired a new position in shares of Payoneer Global in the 3rd quarter worth approximately $31,901,000. Lord Abbett & CO. LLC bought a new position in Payoneer Global during the third quarter worth $6,064,000. Hotchkis & Wiley Capital Management LLC acquired a new position in Payoneer Global in the third quarter worth $3,982,000. Barclays PLC increased its stake in Payoneer Global by 352.8% during the third quarter. Barclays PLC now owns 498,727 shares of the company's stock valued at $3,755,000 after purchasing an additional 388,584 shares during the last quarter. Finally, Weiss Asset Management LP acquired a new stake in shares of Payoneer Global during the third quarter worth $2,339,000. 82.22% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Several research analysts have recently commented on the stock. Wolfe Research lowered shares of Payoneer Global from an "outperform" rating to a "peer perform" rating in a report on Wednesday, January 8th. Citigroup lifted their target price on Payoneer Global from $14.50 to $16.50 and gave the company a "buy" rating in a research note on Tuesday, March 4th. Northland Securities increased their price target on Payoneer Global from $13.00 to $14.00 and gave the stock an "outperform" rating in a research report on Friday, December 6th. Deutsche Bank Aktiengesellschaft assumed coverage on Payoneer Global in a research report on Monday, February 3rd. They set a "buy" rating and a $13.00 price objective for the company. Finally, Keefe, Bruyette & Woods dropped their target price on Payoneer Global from $11.00 to $10.00 and set a "market perform" rating on the stock in a research report on Friday, February 28th. Two analysts have rated the stock with a hold rating, six have issued a buy rating and one has given a strong buy rating to the company's stock. Based on data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $13.07.

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Insiders Place Their Bets

In other Payoneer Global news, CFO Beatrice Ordonez sold 85,000 shares of the stock in a transaction 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 of the company's stock, valued at approximately $23,974,548. This trade represents a 3.56 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, insider Tsafi Goldman sold 96,350 shares of the business's stock in a transaction on Thursday, January 2nd. The stock was sold at an average price of $10.07, for a total value of $970,244.50. Following the completion of the sale, the insider now directly owns 741,748 shares in the company, valued at $7,469,402.36. This represents 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.

Payoneer Global Trading Up 5.0 %

PAYO traded up $0.37 during trading hours on Monday, hitting $7.83. The company's stock had a trading volume of 3,893,990 shares, compared to its average volume of 2,757,190. The company has a 50-day simple moving average of $9.45 and a 200 day simple moving average of $9.32. The firm has a market capitalization of $2.82 billion, a PE ratio of 22.37, a PEG ratio of 2.88 and a beta of 0.97. Payoneer Global Inc. has a fifty-two week low of $4.60 and a fifty-two week high of $11.29.

Payoneer Global (NASDAQ:PAYO - Get Free Report) last issued its quarterly earnings results on Thursday, February 27th. The company reported $0.05 EPS for the quarter, missing analysts' consensus estimates of $0.06 by ($0.01). The business had revenue of $261.74 million for the quarter, compared to analyst estimates of $242.14 million. Payoneer Global had a net margin of 13.82% and a return on equity of 17.78%. During the same period last year, the business posted $0.05 earnings per share. Research analysts expect 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.