Insight Wealth Strategies LLC Raises Stake in Payoneer Global Inc. (NASDAQ:PAYO)

Insight Wealth Strategies LLC boosted its stake in Payoneer Global Inc. (NASDAQ:PAYO - Free Report) by 25.1% in the first quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 368,599 shares of the company's stock after buying an additional 73,947 shares during the quarter. Insight Wealth Strategies LLC owned approximately 0.10% of Payoneer Global worth $2,694,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also bought and sold shares of the company. Quarry LP purchased a new stake in Payoneer Global in the 4th quarter valued at $29,000. Smartleaf Asset Management LLC raised its position in Payoneer Global by 405.8% in the 4th quarter. Smartleaf Asset Management LLC now owns 3,819 shares of the company's stock valued at $38,000 after buying an additional 3,064 shares during the last quarter. Fifth Third Bancorp raised its position in Payoneer Global by 29.3% in the 4th quarter. Fifth Third Bancorp now owns 4,488 shares of the company's stock valued at $45,000 after buying an additional 1,016 shares during the last quarter. Blue Trust Inc. raised its position in Payoneer Global by 21.2% in the 4th quarter. Blue Trust Inc. now owns 5,380 shares of the company's stock valued at $54,000 after buying an additional 940 shares during the last quarter. Finally, CreativeOne Wealth LLC purchased a new stake in Payoneer Global in the 4th quarter valued at $103,000. 82.22% of the stock is owned by hedge funds and other institutional investors.

Payoneer Global Trading Down 0.7%

Shares of PAYO stock traded down $0.05 on Friday, hitting $6.78. 3,331,564 shares of the stock were exchanged, compared to its average volume of 3,186,594. The firm has a market capitalization of $2.45 billion, a PE ratio of 19.37, a P/E/G ratio of 2.88 and a beta of 1.03. Payoneer Global Inc. has a one year low of $5.03 and a one year high of $11.29. The firm's 50 day moving average is $6.80 and its two-hundred day moving average is $8.81.

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 for the quarter, missing the consensus estimate of $0.07 by ($0.02). The firm had revenue of $246.62 million for the quarter, compared to the consensus estimate of $244.52 million. Payoneer Global had a return on equity of 17.78% and a net margin of 13.82%. The firm's revenue was up 8.1% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.08 EPS. On average, sell-side analysts expect that Payoneer Global Inc. will post 0.34 earnings per share for the current year.

Wall Street Analyst Weigh In

PAYO has been the subject of a number of recent analyst reports. The Goldman Sachs Group reduced their price objective on Payoneer Global from $11.00 to $9.00 and set a "buy" rating for the company in a research note on Wednesday, April 2nd. Citigroup restated a "buy" rating and issued a $10.00 price objective (down previously from $13.00) on shares of Payoneer Global in a research note on Thursday, May 22nd. Deutsche Bank Aktiengesellschaft initiated coverage on Payoneer Global in a research note on Monday, February 3rd. They issued a "buy" rating and a $13.00 price objective for the company. Jefferies Financial Group upped their price objective on Payoneer Global from $8.00 to $8.50 and gave the company a "buy" rating in a research note on Tuesday. Finally, Needham & Company LLC reduced their price objective on Payoneer Global from $14.00 to $8.00 and set a "buy" rating for the company in a research note on Thursday, May 8th. One analyst has rated the stock with a hold rating, eight have assigned a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, Payoneer Global presently has an average rating of "Buy" and a consensus price target of $10.44.

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.