Assetmark Inc. purchased a new position in Payoneer Global Inc. (NASDAQ:PAYO - Free Report) during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund purchased 63,198 shares of the company's stock, valued at approximately $462,000.
Other hedge funds also recently bought and sold shares of the company. Quarry LP purchased a new stake in shares of Payoneer Global during the 4th quarter valued at about $29,000. Farther Finance Advisors LLC purchased a new stake in Payoneer Global in the 1st quarter worth approximately $25,000. Versant Capital Management Inc increased its holdings in Payoneer Global by 420.6% in the 1st quarter. Versant Capital Management Inc now owns 5,034 shares of the company's stock worth $37,000 after acquiring an additional 4,067 shares in the last quarter. IFP Advisors Inc increased its holdings in Payoneer Global by 47,800.0% in the 1st quarter. IFP Advisors Inc now owns 6,227 shares of the company's stock worth $46,000 after acquiring an additional 6,214 shares in the last quarter. Finally, Mirae Asset Global Investments Co. Ltd. increased its holdings in Payoneer Global by 559.9% in the 1st quarter. Mirae Asset Global Investments Co. Ltd. now owns 8,480 shares of the company's stock worth $62,000 after acquiring an additional 7,195 shares in the last quarter. Institutional investors own 82.22% of the company's stock.
Analyst Ratings Changes
Several research analysts have weighed in on the company. Citigroup restated a "buy" rating and issued a $10.00 price target (down from $13.00) on shares of Payoneer Global in a research note on Thursday, May 22nd. Keefe, Bruyette & Woods upgraded Payoneer Global from a "market perform" rating to an "outperform" rating and upped their price target for the stock from $7.00 to $9.00 in a research note on Tuesday, May 13th. Needham & Company LLC cut their target price on shares of Payoneer Global from $14.00 to $8.00 and set a "buy" rating for the company in a report on Thursday, May 8th. Deutsche Bank Aktiengesellschaft assumed coverage on Payoneer Global in a research report on Thursday, July 17th. They issued a "buy" rating and a $8.00 price target for the company. Finally, Jefferies Financial Group lifted their target price on Payoneer Global from $8.00 to $8.50 and gave the stock a "buy" rating in a report on Tuesday, May 27th. One analyst has rated the stock with a hold rating, eight have issued a buy rating and one has issued a strong buy rating to the company's stock. Based on data from MarketBeat, Payoneer Global has a consensus rating of "Buy" and an average price target of $9.81.
Read Our Latest Research Report on PAYO
Insider Buying and Selling at Payoneer Global
In related news, Director Susanna Morgan sold 16,180 shares of Payoneer Global stock in a transaction on Monday, June 2nd. The stock was sold at an average price of $6.77, for a total transaction of $109,538.60. Following the completion of the transaction, the director directly owned 80,902 shares of the company's stock, valued at approximately $547,706.54. The trade was a 16.67% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. 2.58% of the stock is currently owned by company insiders.
Payoneer Global Stock Up 2.4%
Shares of PAYO traded up $0.15 during midday trading on Tuesday, reaching $6.50. The company had a trading volume of 5,174,071 shares, compared to its average volume of 3,364,401. The stock has a market cap of $2.35 billion, a PE ratio of 21.67 and a beta of 0.97. Payoneer Global Inc. has a 1-year low of $5.16 and a 1-year high of $11.29. The firm has a 50 day simple moving average of $6.76 and a 200-day simple moving average of $7.62.
Payoneer Global (NASDAQ:PAYO - Get Free Report) last posted its quarterly earnings results on Wednesday, May 7th. The company reported $0.05 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.07 by ($0.02). Payoneer Global had a net margin of 11.32% and a return on equity of 15.70%. The company had revenue of $246.62 million during the quarter, compared to analyst estimates of $244.52 million. During the same period in the prior year, the business earned $0.08 EPS. Payoneer Global's revenue for the quarter was up 8.1% on a year-over-year basis. As a group, sell-side analysts anticipate that Payoneer Global Inc. will post 0.34 earnings per share for the current fiscal year.
Payoneer Global Profile
(
Free Report)
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.
Further Reading
Before you consider Payoneer Global, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Payoneer Global wasn't on the list.
While Payoneer Global currently has a Buy rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Wondering what the next stocks will be that hit it big, with solid fundamentals? Enter your email address to see which stocks MarketBeat analysts could become the next blockbuster growth stocks.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
