Wells Fargo & Company MN Grows Stock Position in Payoneer Global Inc. (NASDAQ:PAYO)

Wells Fargo & Company MN grew its position in Payoneer Global Inc. (NASDAQ:PAYO - Free Report) by 47.4% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 144,336 shares of the company's stock after acquiring an additional 46,420 shares during the quarter. Wells Fargo & Company MN's holdings in Payoneer Global were worth $1,449,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also made changes to their positions in PAYO. Barclays PLC lifted its position in shares of Payoneer Global by 352.8% in the third quarter. Barclays PLC now owns 498,727 shares of the company's stock valued at $3,755,000 after acquiring an additional 388,584 shares in the last quarter. Tidal Investments LLC lifted its position in shares of Payoneer Global by 4.6% in the third quarter. Tidal Investments LLC now owns 195,407 shares of the company's stock valued at $1,471,000 after acquiring an additional 8,637 shares in the last quarter. Lord Abbett & CO. LLC purchased a new position in shares of Payoneer Global in the third quarter valued at approximately $6,064,000. GAMMA Investing LLC lifted its position in shares of 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 acquiring an additional 2,425 shares in the last quarter. Finally, Nordea Investment Management AB lifted its position in shares of Payoneer Global by 4.9% in the fourth quarter. Nordea Investment Management AB now owns 881,026 shares of the company's stock valued at $8,951,000 after acquiring an additional 41,106 shares in the last quarter. Hedge funds and other institutional investors own 82.22% of the company's stock.

Payoneer Global Stock Up 1.2 %

NASDAQ:PAYO opened at $6.97 on Monday. Payoneer Global Inc. has a 52 week low of $4.90 and a 52 week high of $11.29. The company has a market capitalization of $2.51 billion, a P/E ratio of 19.91, a P/E/G ratio of 2.88 and a beta of 1.02. The stock's fifty day moving average is $7.46 and its two-hundred day moving average is $9.15.

Payoneer Global (NASDAQ:PAYO - Get Free Report) last posted its 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). Payoneer Global had a net margin of 13.82% and a return on equity of 17.78%. The business had revenue of $261.74 million during the quarter, compared to analysts' expectations of $242.14 million. During the same quarter in the prior year, the firm earned $0.05 EPS. Sell-side analysts anticipate that Payoneer Global Inc. will post 0.34 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

A number of equities analysts recently commented on PAYO shares. Deutsche Bank Aktiengesellschaft started coverage on Payoneer Global in a research report on Monday, February 3rd. They set a "buy" rating and a $13.00 price objective on the stock. The Goldman Sachs Group reduced their price objective on Payoneer Global from $11.00 to $9.00 and set a "buy" rating on the stock in a research 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 on the stock in a research report on Monday, March 31st. Citigroup lifted their price objective on Payoneer Global from $14.50 to $16.50 and gave the stock a "buy" rating in a research report on Tuesday, March 4th. Finally, Wolfe Research downgraded Payoneer Global from an "outperform" rating to a "peer perform" rating in a research report on Wednesday, January 8th. Two research analysts have rated the stock with a hold rating, six have assigned a buy rating and one has given a strong buy rating to the company's stock. Based on data from MarketBeat, Payoneer Global has an average rating of "Moderate Buy" and a consensus target price of $12.36.

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.

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