Amundi Increases Position in Payoneer Global Inc. (NASDAQ:PAYO)

Amundi grew its holdings in shares of Payoneer Global Inc. (NASDAQ:PAYO) by 203.3% in the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 135,137 shares of the company’s stock after purchasing an additional 90,582 shares during the period. Amundi’s holdings in Payoneer Global were worth $1,361,000 as of its most recent SEC filing.

Other hedge funds have also recently made changes to their positions in the company. Azora Capital LP purchased a new stake in Payoneer Global during the 3rd quarter valued at $31,901,000. Lord Abbett & CO. LLC bought a new position in shares of Payoneer Global during the third quarter valued at $6,064,000. Hotchkis & Wiley Capital Management LLC purchased a new stake in shares of Payoneer Global during the third quarter valued at $3,982,000. Barclays PLC increased its holdings in Payoneer Global by 352.8% in the 3rd quarter. Barclays PLC now owns 498,727 shares of the company’s stock worth $3,755,000 after buying an additional 388,584 shares in the last quarter. Finally, Weiss Asset Management LP purchased a new position in Payoneer Global in the 3rd quarter worth about $2,339,000. 82.22% of the stock is owned by institutional investors.

Insider Activity at Payoneer Global

In related news, insider Tsafi Goldman sold 96,350 shares of the firm’s stock in a transaction that occurred on Thursday, January 2nd. The stock was sold at an average price of $10.07, for a total transaction of $970,244.50. Following the completion of the sale, the insider now directly owns 741,748 shares of the company’s stock, valued at approximately $7,469,402.36. This trade represents a 11.50 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CFO Beatrice Ordonez sold 85,000 shares of the business’s stock in a transaction on Tuesday, January 21st. The shares were sold at an average price of $10.40, for a total transaction of $884,000.00. Following the sale, the chief financial officer now directly owns 2,305,245 shares of the company’s stock, valued at $23,974,548. This represents a 3.56 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 5.57% of the stock is owned by insiders.

Analysts Set New Price Targets

Several equities research analysts recently issued reports on the stock. Deutsche Bank Aktiengesellschaft assumed coverage on shares of Payoneer Global in a report on Monday, February 3rd. They issued a “buy” rating and a $13.00 target price on the stock. Keefe, Bruyette & Woods cut their price objective 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. Citigroup upped their price objective on Payoneer Global from $14.50 to $16.50 and gave the company a “buy” rating in a research report on Tuesday, March 4th. Northland Securities raised their target price on Payoneer Global from $13.00 to $14.00 and gave the stock an “outperform” rating in a research report on Friday, December 6th. Finally, Wolfe Research lowered shares of 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 given a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $13.07.

Payoneer Global Stock Performance

PAYO opened at $7.30 on Wednesday. The stock has a market capitalization of $2.63 billion, a price-to-earnings ratio of 20.86, a PEG ratio of 2.88 and a beta of 0.97. The company has a fifty day moving average of $9.64 and a 200 day moving average of $9.30. Payoneer Global Inc. has a fifty-two week low of $4.48 and a fifty-two week high of $11.29.

Payoneer Global (NASDAQ:PAYO) last announced 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). Payoneer Global had a net margin of 13.82% and a return on equity of 17.78%. The firm had revenue of $261.74 million for the quarter, compared to the consensus estimate of $242.14 million. During the same period in the previous year, the company posted $0.05 earnings per share. On average, equities research analysts forecast that Payoneer Global Inc. will post 0.34 earnings per share for the current 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.