Payoneer Global Inc. (NASDAQ:PAYO) Shares Bought by Portolan Capital Management LLC

Portolan Capital Management LLC lifted its holdings in shares of Payoneer Global Inc. (NASDAQ:PAYO) by 103.7% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 2,173,559 shares of the company’s stock after buying an additional 1,106,343 shares during the quarter. Payoneer Global makes up approximately 1.5% of Portolan Capital Management LLC’s investment portfolio, making the stock its 17th largest position. Portolan Capital Management LLC owned approximately 0.61% of Payoneer Global worth $21,823,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in the business. Smartleaf Asset Management LLC grew its position in shares of Payoneer Global by 405.8% in the fourth quarter. Smartleaf Asset Management LLC now owns 3,819 shares of the company’s stock valued at $38,000 after purchasing an additional 3,064 shares during the period. Fifth Third Bancorp boosted its stake in shares of Payoneer Global by 29.3% in the fourth quarter. Fifth Third Bancorp now owns 4,488 shares of the company’s stock worth $45,000 after acquiring an additional 1,016 shares during the last quarter. Blue Trust Inc. increased its position in shares of Payoneer Global by 21.2% during the fourth quarter. Blue Trust Inc. now owns 5,380 shares of the company’s stock worth $54,000 after purchasing an additional 940 shares in the last quarter. GAMMA Investing LLC raised its stake in Payoneer Global by 41.7% in the 4th 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 during the last quarter. Finally, CreativeOne Wealth LLC acquired a new position in Payoneer Global in the 4th quarter valued at $103,000. Hedge funds and other institutional investors own 82.22% of the company’s stock.

Analyst Ratings Changes

PAYO has been the subject of a number of research reports. Deutsche Bank Aktiengesellschaft started coverage on shares of Payoneer Global in a report on Monday, February 3rd. They set a “buy” rating and a $13.00 target price for the company. Keefe, Bruyette & Woods lowered their target price on Payoneer Global from $10.00 to $8.00 and set a “market perform” rating on the stock in a report on Monday, March 31st. The Goldman Sachs Group cut their price target on Payoneer Global from $11.00 to $9.00 and set a “buy” rating for the company in a report on Wednesday, April 2nd. 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 cut Payoneer Global from an “outperform” rating to a “peer perform” rating in a report on Wednesday, January 8th. Two equities research analysts have rated the stock with a hold rating, six have assigned a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $12.36.

Insider Activity at Payoneer Global

In other news, CFO Beatrice Ordonez sold 85,000 shares of the company’s stock in a transaction dated Tuesday, January 21st. The stock was sold at an average price of $10.40, for a total transaction of $884,000.00. Following the completion of the transaction, the chief financial officer now directly owns 2,305,245 shares of the company’s stock, valued at approximately $23,974,548. This represents a 3.56 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. 5.57% of the stock is currently owned by corporate insiders.

Payoneer Global Stock Up 1.3 %

Shares of PAYO stock opened at $6.33 on Monday. The stock has a market capitalization of $2.28 billion, a PE ratio of 18.09, a P/E/G ratio of 2.88 and a beta of 1.02. Payoneer Global Inc. has a 52 week low of $4.73 and a 52 week high of $11.29. The firm has a 50 day moving average of $8.27 and a two-hundred day moving average of $9.23.

Payoneer Global (NASDAQ:PAYO) last issued its quarterly earnings results on Thursday, February 27th. The company reported $0.05 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.06 by ($0.01). Payoneer Global had a return on equity of 17.78% and a net margin of 13.82%. The firm 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. Analysts expect that Payoneer Global Inc. will post 0.34 EPS for the current fiscal year.

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.