Payoneer Global Inc. (NASDAQ:PAYO) Stock Holdings Increased by GAMMA Investing LLC

GAMMA Investing LLC raised its holdings in shares of Payoneer Global Inc. (NASDAQ:PAYO) by 41.7% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 8,241 shares of the company’s stock after buying an additional 2,425 shares during the period. GAMMA Investing LLC’s holdings in Payoneer Global were worth $83,000 as of its most recent SEC filing.

Other hedge funds have also recently added to or reduced their stakes in the company. Van ECK Associates Corp boosted its stake in shares of Payoneer Global by 1.6% during the 3rd quarter. Van ECK Associates Corp now owns 84,209 shares of the company’s stock worth $634,000 after acquiring an additional 1,306 shares in the last quarter. The Manufacturers Life Insurance Company lifted its holdings in shares of Payoneer Global by 1.2% during the third quarter. The Manufacturers Life Insurance Company now owns 165,996 shares of the company’s stock valued at $1,250,000 after purchasing an additional 1,907 shares during the last quarter. Xponance Inc. boosted its position in shares of Payoneer Global by 12.1% in the 2nd quarter. Xponance Inc. now owns 17,928 shares of the company’s stock valued at $99,000 after purchasing an additional 1,942 shares during the period. Blue Trust Inc. increased its stake in Payoneer Global by 135.2% in the 3rd quarter. Blue Trust Inc. now owns 4,440 shares of the company’s stock worth $33,000 after purchasing an additional 2,552 shares in the last quarter. Finally, Quarry LP acquired a new stake in Payoneer Global during the 2nd quarter worth about $29,000. Institutional investors and hedge funds own 82.22% of the company’s stock.

Insiders Place Their Bets

In other Payoneer Global news, insider Tsafi Goldman sold 96,350 shares of the business’s stock in a transaction dated 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 owns 741,748 shares of the company’s stock, valued at $7,469,402.36. The trade was a 11.50 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CAO Itai Perry sold 4,100 shares of the stock in a transaction dated Tuesday, October 15th. The shares were sold at an average price of $8.00, for a total value of $32,800.00. Following the transaction, the chief accounting officer now directly owns 228,738 shares in the company, valued at approximately $1,829,904. This represents a 1.76 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 7,918,725 shares of company stock valued at $81,647,314 over the last ninety days. Corporate insiders own 5.57% of the company’s stock.

Analysts Set New Price Targets

A number of equities research analysts have recently issued reports on the stock. Northland Securities boosted their price target on shares of Payoneer Global from $13.00 to $14.00 and gave the company an “outperform” rating in a report on Friday, December 6th. Wolfe Research lowered Payoneer Global from an “outperform” rating to a “peer perform” rating in a report on Wednesday. Benchmark raised their target price on Payoneer Global from $10.00 to $12.00 and gave the stock a “buy” rating in a research report on Wednesday, November 6th. Keefe, Bruyette & Woods dropped their price target on Payoneer Global from $12.00 to $11.00 and set a “market perform” rating on the stock in a research report on Monday, January 6th. Finally, Needham & Company LLC lifted their target price on Payoneer Global from $10.00 to $14.00 and gave the company a “buy” rating in a research note on Wednesday, November 6th. Two analysts have rated the stock with a hold rating, five have assigned a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, Payoneer Global currently has a consensus rating of “Moderate Buy” and a consensus price target of $11.21.

Payoneer Global Trading Down 2.0 %

PAYO opened at $9.87 on Friday. Payoneer Global Inc. has a 1 year low of $4.22 and a 1 year high of $11.29. The stock has a fifty day moving average price of $10.38 and a 200 day moving average price of $8.11. The stock has a market cap of $3.52 billion, a price-to-earnings ratio of 28.20 and a beta of 0.92.

Payoneer Global (NASDAQ:PAYO) last announced its quarterly earnings results on Tuesday, November 5th. The company reported $0.11 EPS for the quarter, beating the consensus estimate of $0.04 by $0.07. Payoneer Global had a return on equity of 17.78% and a net margin of 13.82%. The business had revenue of $248.30 million during the quarter, compared to analysts’ expectations of $225.44 million. During the same quarter in the previous year, the business posted $0.05 EPS. The firm’s quarterly revenue was up 19.4% compared to the same quarter last year. As a group, sell-side analysts forecast that Payoneer Global Inc. will post 0.35 earnings per share 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.