State Board of Administration of Florida Retirement System purchased a new stake in Payoneer Global Inc. (NASDAQ:PAYO - Get Rating) in the 4th quarter, according to its most recent Form 13F filing with the SEC. The firm purchased 42,840 shares of the company's stock, valued at approximately $234,000.
Several other hedge funds have also modified their holdings of the business. Advisors Asset Management Inc. lifted its holdings in shares of Payoneer Global by 6.8% in the 3rd quarter. Advisors Asset Management Inc. now owns 27,024 shares of the company's stock valued at $163,000 after buying an additional 1,724 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank increased its position in Payoneer Global by 5.7% during the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 32,901 shares of the company's stock worth $180,000 after buying an additional 1,778 shares in the last quarter. New York State Common Retirement Fund increased its position in Payoneer Global by 1.3% during the third quarter. New York State Common Retirement Fund now owns 152,354 shares of the company's stock worth $922,000 after buying an additional 1,954 shares in the last quarter. FMR LLC increased its position in Payoneer Global by 0.4% during the second quarter. FMR LLC now owns 533,502 shares of the company's stock worth $2,091,000 after buying an additional 2,039 shares in the last quarter. Finally, Barclays PLC increased its position in Payoneer Global by 7.2% during the third quarter. Barclays PLC now owns 30,984 shares of the company's stock worth $188,000 after buying an additional 2,087 shares in the last quarter. 93.89% of the stock is owned by institutional investors and hedge funds.
Payoneer Global Stock Performance
PAYO stock opened at $4.45 on Monday. The stock has a market capitalization of $1.58 billion, a price-to-earnings ratio of -55.63 and a beta of 0.93. The stock's fifty day moving average is $5.60 and its two-hundred day moving average is $5.71. Payoneer Global Inc. has a 1 year low of $3.75 and a 1 year high of $8.04. The company has a debt-to-equity ratio of 0.03, a quick ratio of 1.10 and a current ratio of 1.10.
Payoneer Global (NASDAQ:PAYO - Get Rating) last issued its quarterly earnings results on Tuesday, May 9th. The company reported $0.02 earnings per share for the quarter, missing analysts' consensus estimates of $0.03 by ($0.01). The company had revenue of $192.00 million during the quarter, compared to analyst estimates of $185.61 million. Payoneer Global had a negative return on equity of 4.81% and a negative net margin of 3.55%. The company's revenue was up 40.1% on a year-over-year basis. During the same period in the prior year, the company posted ($0.03) earnings per share. On average, research analysts predict that Payoneer Global Inc. will post 0.13 EPS for the current year.
Analyst Upgrades and Downgrades
Several research firms recently weighed in on PAYO. Jefferies Financial Group initiated coverage on Payoneer Global in a research report on Monday, February 27th. They set a "buy" rating and a $7.00 target price on the stock. Citigroup dropped their price objective on shares of Payoneer Global from $11.00 to $9.00 in a research note on Wednesday, May 10th. Finally, Needham & Company LLC reaffirmed a "buy" rating and set a $10.00 price objective on shares of Payoneer Global in a research note on Wednesday, March 22nd. Five research analysts have rated the stock with a buy rating, According to MarketBeat, Payoneer Global currently has an average rating of "Buy" and a consensus price target of $8.08.
Insider Activity at Payoneer Global
In other Payoneer Global news, CEO Scott H. Galit sold 12,857 shares of the company's stock in a transaction that occurred on Tuesday, May 9th. The shares were sold at an average price of $5.70, for a total value of $73,284.90. Following the transaction, the chief executive officer now owns 1,390,450 shares in the company, valued at approximately $7,925,565. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. In related news, CEO Scott H. Galit sold 12,857 shares of the company's stock in a transaction on Tuesday, May 9th. The shares were sold at an average price of $5.70, for a total transaction of $73,284.90. Following the completion of the sale, the chief executive officer now directly owns 1,390,450 shares of the company's stock, valued at approximately $7,925,565. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, SVP Itai Perry sold 6,420 shares of the firm's stock in a transaction on Friday, February 24th. The stock was sold at an average price of $5.57, for a total transaction of $35,759.40. Following the completion of the sale, the senior vice president now owns 170,322 shares in the company, valued at $948,693.54. The disclosure for this sale can be found here. Insiders sold a total of 115,208 shares of company stock valued at $641,694 over the last ninety days. Insiders own 6.48% of the company's stock.
Payoneer Global Company Profile
Payoneer Global Inc operates a payment and commerce-enabling platform that facilitates marketplaces, platforms and online merchants worldwide. It delivers a suite of services that includes cross-border payments, B2B accounts payable/accounts receivable, multi-currency account, physical and virtual Mastercard cards, working capital, merchant, tax, compliance and risk, and others.
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