Aspen Capital Management LLC Buys Shares of 194,222 Payoneer Global Inc. (NASDAQ:PAYO)

Aspen Capital Management LLC acquired a new position in Payoneer Global Inc. (NASDAQ:PAYO - Free Report) during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 194,222 shares of the company's stock, valued at approximately $1,420,000. Payoneer Global makes up about 0.5% of Aspen Capital Management LLC's investment portfolio, making the stock its 24th biggest position. Aspen Capital Management LLC owned 0.05% of Payoneer Global as of its most recent SEC filing.

A number of other institutional investors have also made changes to their positions in the business. Susquehanna Capital Management LLC raised its position in shares of Payoneer Global by 290.3% in the fourth quarter. Susquehanna Capital Management LLC now owns 25,268,954 shares of the company's stock valued at $253,700,000 after purchasing an additional 18,794,047 shares during the period. Price T Rowe Associates Inc. MD grew its stake in Payoneer Global by 5.3% during the fourth quarter. Price T Rowe Associates Inc. MD now owns 8,709,989 shares of the company's stock worth $87,450,000 after buying an additional 440,231 shares in the last quarter. American Century Companies Inc. grew its stake in Payoneer Global by 24.8% during the fourth quarter. American Century Companies Inc. now owns 8,166,652 shares of the company's stock worth $81,993,000 after buying an additional 1,624,948 shares in the last quarter. Geode Capital Management LLC grew its stake in Payoneer Global by 2.4% during the fourth quarter. Geode Capital Management LLC now owns 6,777,377 shares of the company's stock worth $68,059,000 after buying an additional 156,252 shares in the last quarter. Finally, Millennium Management LLC grew its stake in Payoneer Global by 0.3% during the fourth quarter. Millennium Management LLC now owns 6,523,595 shares of the company's stock worth $65,497,000 after buying an additional 21,149 shares in the last quarter. Institutional investors own 82.22% of the company's stock.

Analysts Set New Price Targets

Several research firms recently commented on PAYO. Needham & Company LLC cut their target price on shares of Payoneer Global from $14.00 to $8.00 and set a "buy" rating on the stock in a research report on Thursday, May 8th. Keefe, Bruyette & Woods upgraded shares of Payoneer Global from a "market perform" rating to an "outperform" rating and boosted their price target for the stock from $7.00 to $9.00 in a research report on Tuesday, May 13th. The Goldman Sachs Group dropped their price target on shares of Payoneer Global from $11.00 to $9.00 and set a "buy" rating on the stock in a research report on Wednesday, April 2nd. Jefferies Financial Group boosted their price target on shares of Payoneer Global from $8.00 to $8.50 and gave the stock a "buy" rating in a research report on Tuesday, May 27th. Finally, Deutsche Bank Aktiengesellschaft started coverage on shares of Payoneer Global in a research note on Thursday, July 17th. They issued a "buy" rating and a $8.00 price objective for the company. One analyst has rated the stock with a hold rating, eight have given a buy rating and one has issued a strong buy rating to the company's stock. Based on data from MarketBeat, Payoneer Global has an average rating of "Buy" and a consensus price target of $9.81.

Payoneer Global Stock Performance

Shares of NASDAQ PAYO traded down $0.03 during midday trading on Wednesday, hitting $6.82. 803,945 shares of the company's stock traded hands, compared to its average volume of 3,203,712. The firm has a fifty day moving average of $6.85 and a 200 day moving average of $7.89. The stock has a market capitalization of $2.46 billion, a price-to-earnings ratio of 22.72 and a beta of 0.98. Payoneer Global Inc. has a 1 year low of $5.03 and a 1 year high of $11.29.

Payoneer Global (NASDAQ:PAYO - Get Free Report) last released its earnings results on Wednesday, May 7th. The company reported $0.05 earnings per share (EPS) 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 analysts' expectations of $244.52 million. Payoneer Global had a return on equity of 15.70% and a net margin of 11.32%. The company's revenue was up 8.1% compared to the same quarter last year. During the same period in the prior year, the company posted $0.08 earnings per share. On average, equities analysts anticipate that Payoneer Global Inc. will post 0.34 earnings per share for the current year.

Insider Activity at Payoneer Global

In related news, Director Susanna Morgan sold 16,180 shares of the firm's stock in a transaction on Monday, June 2nd. The stock was sold at an average price of $6.77, for a total value of $109,538.60. Following the completion of the sale, the director directly owned 80,902 shares in the company, valued at $547,706.54. This trade represents a 16.67% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Corporate insiders own 2.58% of the company's stock.

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.