Fiera Capital Corp Purchases New Position in Payoneer Global Inc. (NASDAQ:PAYO)

Fiera Capital Corp bought a new position in shares of Payoneer Global Inc. (NASDAQ:PAYO - Free Report) during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund bought 1,655,488 shares of the company's stock, valued at approximately $12,102,000. Fiera Capital Corp owned 0.46% of Payoneer Global as of its most recent SEC filing.

A number of other hedge funds have also recently bought and sold shares of PAYO. Farther Finance Advisors LLC acquired a new position in Payoneer Global during the first quarter worth about $25,000. Quarry LP acquired a new position in Payoneer Global during the fourth quarter worth about $29,000. Versant Capital Management Inc increased its stake 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 purchasing an additional 4,067 shares in the last quarter. IFP Advisors Inc increased its stake 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 purchasing an additional 6,214 shares in the last quarter. Finally, Mirae Asset Global Investments Co. Ltd. increased its stake 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 purchasing an additional 7,195 shares in the last quarter. 82.22% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of equities analysts recently weighed in on PAYO shares. Jefferies Financial Group lifted their price target on Payoneer Global from $8.00 to $8.50 and gave the stock a "buy" rating in a research note on Tuesday, May 27th. Deutsche Bank Aktiengesellschaft began coverage on Payoneer Global in a research report on Thursday, July 17th. They set a "buy" rating and a $8.00 price objective for the company. Keefe, Bruyette & Woods upgraded Payoneer Global from a "market perform" rating to an "outperform" rating and raised their price objective for the stock from $7.00 to $9.00 in a research report on Tuesday, May 13th. Needham & Company LLC decreased 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. Finally, Citigroup restated a "buy" rating and set a $10.00 price objective (down from $13.00) on shares of Payoneer Global in a research report on Thursday, May 22nd. One analyst has rated the stock with a hold rating, eight have given a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, Payoneer Global presently has a consensus rating of "Buy" and a consensus target price of $9.81.

Payoneer Global Stock Down 4.4%

NASDAQ PAYO traded down $0.29 during trading on Friday, hitting $6.28. The company's stock had a trading volume of 3,979,542 shares, compared to its average volume of 2,274,124. The firm has a 50 day moving average price of $6.77 and a 200 day moving average price of $7.69. The firm has a market cap of $2.27 billion, a P/E ratio of 20.93 and a beta of 0.97. Payoneer Global Inc. has a 52 week low of $5.03 and a 52 week high of $11.29.

Payoneer Global (NASDAQ:PAYO - Get Free Report) last issued its quarterly earnings results on Wednesday, May 7th. The company reported $0.05 EPS for the quarter, missing the consensus estimate of $0.07 by ($0.02). The business had revenue of $246.62 million during the quarter, compared to the consensus estimate of $244.52 million. Payoneer Global had a return on equity of 15.70% and a net margin of 11.32%. The business's quarterly revenue was up 8.1% on a year-over-year basis. During the same period in the prior year, the firm earned $0.08 earnings per share. On average, equities analysts expect that Payoneer Global Inc. will post 0.34 earnings per share for the current year.

Insider Buying and Selling

In other news, Director Susanna Morgan sold 16,180 shares of the business's stock in a transaction that occurred 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 sale, the director directly owned 80,902 shares in the company, valued at approximately $547,706.54. The trade was a 16.67% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. 2.58% of the stock is currently owned by corporate insiders.

Payoneer Global 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.