Quantbot Technologies LP Takes $331,000 Position in Payoneer Global Inc. (NASDAQ:PAYO)

Quantbot Technologies LP bought a new stake in Payoneer Global Inc. (NASDAQ:PAYO) in the 4th quarter, HoldingsChannel.com reports. The firm bought 32,990 shares of the company’s stock, valued at approximately $331,000.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Smartleaf Asset Management LLC grew its stake in 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 acquiring an additional 3,064 shares during the period. Fifth Third Bancorp increased its stake in Payoneer Global by 29.3% during the 4th quarter. Fifth Third Bancorp now owns 4,488 shares of the company’s stock valued at $45,000 after purchasing an additional 1,016 shares in the last quarter. Blue Trust Inc. raised its holdings in 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 buying an additional 940 shares during the last quarter. GAMMA Investing LLC lifted its stake in shares of 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 buying an additional 2,425 shares in the last quarter. Finally, Rialto Wealth Management LLC acquired a new position in shares of Payoneer Global during the fourth quarter valued at about $105,000. 82.22% of the stock is owned by institutional investors.

Payoneer Global Stock Down 2.4 %

Shares of NASDAQ:PAYO opened at $7.25 on Friday. The firm has a market capitalization of $2.61 billion, a PE ratio of 20.71, a P/E/G ratio of 2.88 and a beta of 0.97. The company has a 50-day moving average price of $9.21 and a two-hundred day moving average price of $9.30. Payoneer Global Inc. has a twelve month low of $4.69 and a twelve month high of $11.29.

Payoneer Global (NASDAQ:PAYO) last released its quarterly earnings data on Thursday, February 27th. The company reported $0.05 EPS for the quarter, missing the consensus estimate of $0.06 by ($0.01). Payoneer Global had a return on equity of 17.78% and a net margin of 13.82%. The business had revenue of $261.74 million during the quarter, compared to the consensus estimate of $242.14 million. During the same period last year, the business posted $0.05 earnings per share. Analysts anticipate that Payoneer Global Inc. will post 0.34 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

A number of research analysts have recently weighed in on the company. Citigroup raised their target price 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 research report on Wednesday, January 8th. Deutsche Bank Aktiengesellschaft began coverage on Payoneer Global in a research report on Monday, February 3rd. They issued a “buy” rating and a $13.00 price objective on the stock. Keefe, Bruyette & Woods lowered their target price on Payoneer Global from $11.00 to $10.00 and set a “market perform” rating on the stock in a research note on Friday, February 28th. Finally, Northland Securities increased their price target 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. Two analysts have rated the stock with a hold rating, six have given a buy rating and one has given a strong buy rating to the company. According to MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $13.07.

Insider Activity

In other news, insider Tsafi Goldman sold 96,350 shares of the business’s stock in a transaction on Thursday, January 2nd. The shares were sold at an average price of $10.07, for a total transaction of $970,244.50. Following the completion of the transaction, the insider now directly owns 741,748 shares in the company, valued at $7,469,402.36. The trade was a 11.50 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CFO Beatrice Ordonez sold 85,000 shares of the 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 in the company, valued at $23,974,548. This trade represents a 3.56 % decrease in their position. The disclosure for this sale can be found here. 5.57% of the stock is owned by company insiders.

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.