Payoneer Global Inc. (NASDAQ:PAYO) Shares Acquired by Ameriprise Financial Inc.

Ameriprise Financial Inc. grew its position in Payoneer Global Inc. (NASDAQ:PAYO - Free Report) by 47.9% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 5,146,874 shares of the company's stock after acquiring an additional 1,667,769 shares during the quarter. Ameriprise Financial Inc. owned about 1.44% of Payoneer Global worth $51,675,000 as of its most recent SEC filing.

Other large investors have also recently made changes to their positions in the company. Algert Global LLC grew its position in shares of Payoneer Global by 9.2% in the fourth quarter. Algert Global LLC now owns 198,302 shares of the company's stock valued at $1,991,000 after purchasing an additional 16,695 shares in the last quarter. Voleon Capital Management LP acquired a new stake in shares of Payoneer Global in the 4th quarter worth $2,057,000. PDT Partners LLC raised its holdings in shares of Payoneer Global by 44.9% during the 4th quarter. PDT Partners LLC now owns 429,297 shares of the company's stock worth $4,310,000 after acquiring an additional 132,994 shares during the period. Northern Trust Corp boosted its position in shares of Payoneer Global by 17.9% during the 4th quarter. Northern Trust Corp now owns 3,019,162 shares of the company's stock valued at $30,312,000 after acquiring an additional 458,594 shares during the last quarter. Finally, Tudor Investment Corp ET AL purchased a new stake in shares of Payoneer Global in the fourth quarter valued at about $13,643,000. 82.22% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several research firms have weighed in on PAYO. The Goldman Sachs Group decreased their target price on shares of Payoneer Global from $11.00 to $9.00 and set a "buy" rating on the stock in a report on Wednesday, April 2nd. Citigroup upped their price objective on Payoneer Global from $14.50 to $16.50 and gave the company a "buy" rating in a report on Tuesday, March 4th. Deutsche Bank Aktiengesellschaft started coverage on Payoneer Global in a research report on Monday, February 3rd. They issued a "buy" rating and a $13.00 target price on the stock. Keefe, Bruyette & Woods upgraded Payoneer Global from a "market perform" rating to an "outperform" rating and increased their price target for the stock from $7.00 to $9.00 in a report on Tuesday. Finally, Needham & Company LLC cut their price objective on Payoneer Global from $14.00 to $8.00 and set a "buy" rating for the company in a research report on Thursday, May 8th. One investment analyst has rated the stock with a hold rating, seven have given a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of "Buy" and a consensus price target of $11.64.

Payoneer Global Stock Performance

Shares of PAYO traded down $0.18 during midday trading on Wednesday, hitting $7.28. 3,390,023 shares of the stock were exchanged, compared to its average volume of 3,176,798. Payoneer Global Inc. has a 52-week low of $5.03 and a 52-week high of $11.29. The stock has a fifty day simple moving average of $6.91 and a 200 day simple moving average of $9.04. The firm has a market cap of $2.62 billion, a P/E ratio of 20.80, a P/E/G ratio of 2.88 and a beta of 1.03.

Payoneer Global (NASDAQ:PAYO - Get Free Report) last released its earnings results on Wednesday, May 7th. The company reported $0.05 earnings per share for the quarter, missing the consensus estimate of $0.07 by ($0.02). The firm had revenue of $246.62 million during the quarter, compared to analyst estimates of $244.52 million. Payoneer Global had a net margin of 13.82% and a return on equity of 17.78%. The business's revenue was up 8.1% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.08 earnings per share. As a group, equities research analysts forecast that Payoneer Global Inc. will post 0.34 EPS for the current fiscal year.

Payoneer Global Company 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.