Alberta Investment Management Corp Invests $3.20 Million in Payoneer Global Inc. $PAYO

Key Points

• Alberta Investment Management Corp. purchased 450,000 Payoneer Global shares worth approximately $3.2 million, joining other institutions that increased their positions. Institutional investors collectively own 82.22% of the company.
• Payoneer reported quarterly revenue of $274.26 million, up 5.2% year over year and above estimates, but missed earnings expectations with a loss of $0.01 per share versus the projected $0.06 profit.
• Analyst sentiment is predominantly neutral: eight analysts rate the stock “Hold” and one rates it “Buy,” with an average price target of $7.40. Shares recently opened at $7.13, near their 12-month high of $7.18.

Alberta Investment Management Corp purchased a new stake in Payoneer Global Inc. (NASDAQ:PAYO - Free Report) during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm purchased 450,000 shares of the company's stock, valued at approximately $3,204,000. Alberta Investment Management Corp owned approximately 0.13% of Payoneer Global at the end of the most recent quarter.

A number of other institutional investors have also added to or reduced their stakes in the stock. Leonteq Securities AG lifted its holdings in shares of Payoneer Global by 72.0% during the first quarter. Leonteq Securities AG now owns 6,496 shares of the company's stock worth $31,000 after purchasing an additional 2,720 shares during the period. Osaic Holdings Inc. increased its holdings in Payoneer Global by 246.5% in the second quarter. Osaic Holdings Inc. now owns 4,636 shares of the company's stock valued at $33,000 after purchasing an additional 3,298 shares during the period. GAMMA Investing LLC raised its position in Payoneer Global by 73.8% during the 2nd quarter. GAMMA Investing LLC now owns 5,777 shares of the company's stock worth $41,000 after purchasing an additional 2,453 shares during the last quarter. Resonant Capital Advisors LLC bought a new position in Payoneer Global during the 1st quarter worth $49,000. Finally, CWM LLC lifted its holdings in Payoneer Global by 178.6% during the 4th quarter. CWM LLC now owns 9,384 shares of the company's stock worth $53,000 after buying an additional 6,016 shares during the period. 82.22% of the stock is currently owned by institutional investors and hedge funds.

Payoneer Global Price Performance

NASDAQ:PAYO opened at $7.13 on Tuesday. The company has a fifty day moving average of $7.06 and a 200-day moving average of $5.78. The firm has a market capitalization of $2.42 billion, a P/E ratio of 50.93, a P/E/G ratio of 1.49 and a beta of 0.96. Payoneer Global Inc. has a twelve month low of $4.08 and a twelve month high of $7.18.

Payoneer Global (NASDAQ:PAYO - Get Free Report) last posted its quarterly earnings results on Thursday, August 6th. The company reported ($0.01) EPS for the quarter, missing analysts' consensus estimates of $0.06 by ($0.07). Payoneer Global had a return on equity of 9.97% and a net margin of 4.65%.The company had revenue of $274.26 million during the quarter, compared to analyst estimates of $270.98 million. During the same quarter in the previous year, the business posted $0.05 earnings per share. The company's revenue for the quarter was up 5.2% compared to the same quarter last year. On average, analysts anticipate that Payoneer Global Inc. will post 0.2 EPS for the current fiscal year.

Insider Buying and Selling at Payoneer Global

In related news, CFO Beatrice Ordonez sold 25,000 shares of the stock in a transaction on Monday, June 15th. The stock was sold at an average price of $7.01, for a total value of $175,250.00. Following the transaction, the chief financial officer directly owned 2,887,266 shares in the company, valued at $20,239,734.66. This trade represents a 0.86% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 2.06% of the stock is owned by insiders.

Wall Street Analyst Weigh In

A number of equities analysts recently commented on PAYO shares. Wall Street Zen raised Payoneer Global from a "sell" rating to a "hold" rating in a research note on Saturday, May 2nd. Deutsche Bank Aktiengesellschaft downgraded shares of Payoneer Global from a "buy" rating to a "hold" rating in a research report on Friday, August 7th. William Blair lowered shares of Payoneer Global from an "outperform" rating to a "hold" rating in a report on Monday, June 15th. Benchmark downgraded shares of Payoneer Global from a "buy" rating to a "hold" rating in a research report on Thursday, June 18th. Finally, Citigroup lowered shares of Payoneer Global from a "buy" rating to a "neutral" rating and reduced their price objective for the company from $10.00 to $7.40 in a research note on Tuesday, June 16th. One analyst has rated the stock with a Buy rating and eight have assigned a Hold rating to the stock. According to MarketBeat, the stock currently has an average rating of "Hold" and an average price target of $7.40.

Payoneer Global Company Profile

Payoneer Global NASDAQ: PAYO operates a digital payments platform that enables businesses, marketplaces and professionals to send and receive cross-border payments. The company's core offerings include multi-currency receiving accounts, mass payout services and working capital solutions. Through its platform, Payoneer facilitates global transactions by connecting payors and payees across a network of local bank transfers, card payouts and digital wallets, supporting the seamless movement of funds in over 150 currencies.

Founded in 2005, Payoneer has grown from a small fintech venture into a widely adopted payments infrastructure provider that serves clients in more than 200 countries and territories.

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