Xponance Inc. Purchases 2,303 Shares of Payoneer Global Inc. (NASDAQ:PAYO)

Xponance Inc. grew its holdings in shares of Payoneer Global Inc. (NASDAQ:PAYO) by 12.5% during the fourth quarter, according to the company in its most recent disclosure with the SEC. The fund owned 20,711 shares of the company’s stock after buying an additional 2,303 shares during the quarter. Xponance Inc.’s holdings in Payoneer Global were worth $208,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Robeco Institutional Asset Management B.V. purchased a new position in Payoneer Global during the 4th quarter valued at $1,233,000. Y Intercept Hong Kong Ltd bought a new stake in shares of Payoneer Global during the fourth quarter worth $1,276,000. FMR LLC boosted its stake in shares of Payoneer Global by 17.2% during the third quarter. FMR LLC now owns 1,129,312 shares of the company’s stock valued at $8,504,000 after purchasing an additional 165,913 shares during the period. Entropy Technologies LP bought a new position in shares of Payoneer Global in the fourth quarter worth about $540,000. Finally, Allspring Global Investments Holdings LLC increased its stake in Payoneer Global by 133.5% in the 4th quarter. Allspring Global Investments Holdings LLC now owns 97,538 shares of the company’s stock worth $990,000 after buying an additional 55,766 shares during the period. 82.22% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several research firms have issued reports on PAYO. Northland Securities boosted their price objective on shares of Payoneer Global from $13.00 to $14.00 and gave the company an “outperform” rating in a research report on Friday, December 6th. Citigroup boosted their price target on Payoneer Global from $14.50 to $16.50 and gave the company a “buy” rating in a report on Tuesday, March 4th. Wolfe Research downgraded Payoneer Global from an “outperform” rating to a “peer perform” rating in a report on Wednesday, January 8th. Keefe, Bruyette & Woods lowered their target price on Payoneer Global from $11.00 to $10.00 and set a “market perform” rating for the company in a report on Friday, February 28th. Finally, Deutsche Bank Aktiengesellschaft began coverage on Payoneer Global in a research note on Monday, February 3rd. They set a “buy” rating and a $13.00 price target on the stock. Two investment 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 presently has a consensus rating of “Moderate Buy” and an average price target of $13.07.

Payoneer Global Price Performance

Shares of PAYO stock opened at $7.25 on Friday. The company has a market cap of $2.61 billion, a P/E ratio of 20.71, a PEG ratio of 2.88 and a beta of 0.97. The stock’s 50-day moving average is $9.21 and its 200 day moving average is $9.30. Payoneer Global Inc. has a 1-year low of $4.69 and a 1-year high of $11.29.

Payoneer Global (NASDAQ:PAYO) last released its quarterly earnings results on Thursday, February 27th. The company reported $0.05 earnings per share for the quarter, missing analysts’ consensus estimates 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 net margin of 13.82% and a return on equity of 17.78%. During the same quarter in the prior year, the business posted $0.05 earnings per share. On average, analysts anticipate that Payoneer Global Inc. will post 0.34 EPS for the current year.

Insiders Place Their Bets

In other news, CFO Beatrice Ordonez sold 85,000 shares of the firm’s stock in a transaction on Tuesday, January 21st. The stock was sold at an average price of $10.40, for a total value of $884,000.00. Following the completion of the sale, the chief financial officer now owns 2,305,245 shares of the company’s stock, valued at $23,974,548. This trade represents a 3.56 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Tsafi Goldman sold 96,350 shares of the company’s stock in a transaction dated Thursday, January 2nd. The shares were sold at an average price of $10.07, for a total value of $970,244.50. Following the transaction, 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 ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 5.57% of the company’s stock.

About Payoneer Global

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.