Allspring Global Investments Holdings LLC Boosts Holdings in Payoneer Global Inc. (NASDAQ:PAYO)

Allspring Global Investments Holdings LLC lifted its position in shares of Payoneer Global Inc. (NASDAQ:PAYO) by 133.5% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 97,538 shares of the company’s stock after acquiring an additional 55,766 shares during the quarter. Allspring Global Investments Holdings LLC’s holdings in Payoneer Global were worth $990,000 as of its most recent SEC filing.

Several other hedge funds have also modified their holdings of the company. Blue Trust Inc. increased its holdings in shares of Payoneer Global by 135.2% during the 3rd quarter. Blue Trust Inc. now owns 4,440 shares of the company’s stock worth $33,000 after buying an additional 2,552 shares during the last quarter. Fifth Third Bancorp grew its position in shares of Payoneer Global by 29.3% during the fourth quarter. Fifth Third Bancorp now owns 4,488 shares of the company’s stock worth $45,000 after buying an additional 1,016 shares in the last quarter. GAMMA Investing LLC boosted its holdings 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 in the last quarter. Advisor Resource Council acquired a new position in Payoneer Global in the third quarter valued at approximately $105,000. Finally, Centiva Capital LP purchased a new stake in Payoneer Global in the third quarter valued at approximately $121,000. 82.22% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several research firms have recently commented on PAYO. Wolfe Research cut Payoneer Global from an “outperform” rating to a “peer perform” rating in a research note on Wednesday, January 8th. Keefe, Bruyette & Woods lowered their target price on Payoneer Global from $12.00 to $11.00 and set a “market perform” rating on the stock in a report on Monday, January 6th. Benchmark increased their price objective on Payoneer Global from $10.00 to $12.00 and gave the company a “buy” rating in a research note on Wednesday, November 6th. Deutsche Bank Aktiengesellschaft initiated coverage on Payoneer Global in a research note on Monday, February 3rd. They issued a “buy” rating and a $13.00 price target on the stock. Finally, Needham & Company LLC raised their price objective on Payoneer Global from $10.00 to $14.00 and gave the stock a “buy” rating in a report on Wednesday, November 6th. Two research analysts have rated the stock with a hold rating, six have issued a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $12.00.

Payoneer Global Price Performance

Shares of NASDAQ:PAYO opened at $9.85 on Monday. The business has a 50-day moving average of $10.34 and a two-hundred day moving average of $9.18. The stock has a market capitalization of $3.51 billion, a P/E ratio of 28.14, a P/E/G ratio of 2.88 and a beta of 0.93. Payoneer Global Inc. has a fifty-two week low of $4.22 and a fifty-two week high of $11.29.

Insider Activity

In related news, insider Tsafi Goldman sold 263,873 shares of the stock in a transaction that occurred on Tuesday, December 10th. The stock was sold at an average price of $10.10, for a total transaction of $2,665,117.30. Following the sale, the insider now directly owns 741,748 shares in the company, valued at $7,491,654.80. This represents a 26.24 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CFO Beatrice Ordonez sold 85,000 shares of the stock in a transaction 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 completion of the transaction, the chief financial officer now 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 disclosure for this sale can be found here. In the last ninety days, insiders have sold 446,796 shares of company stock worth $4,536,413. Company insiders own 5.57% of the company’s stock.

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.