Franklin Resources Inc. bought a new stake in shares of Payoneer Global Inc. (NASDAQ:PAYO - Free Report) in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund bought 40,889 shares of the company's stock, valued at approximately $411,000.
Several other institutional investors have also recently added to or reduced their stakes in PAYO. Smartleaf Asset Management LLC raised its holdings in shares of Payoneer Global by 405.8% during the fourth 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 boosted its stake in shares of Payoneer Global by 29.3% during 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 period. Blue Trust Inc. lifted its stake in shares of 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 purchasing an additional 940 shares during the last quarter. GAMMA Investing LLC lifted its stake in shares of Payoneer Global by 41.7% in the 4th quarter. GAMMA Investing LLC now owns 8,241 shares of the company's stock valued at $83,000 after purchasing an additional 2,425 shares during the last quarter. Finally, Rialto Wealth Management LLC bought a new position in Payoneer Global in the 4th quarter worth $105,000. Institutional investors own 82.22% of the company's stock.
Payoneer Global Trading Up 6.2 %
PAYO stock traded up $0.39 during midday trading on Wednesday, hitting $6.68. The stock had a trading volume of 918,504 shares, compared to its average volume of 3,031,290. Payoneer Global Inc. has a 1-year low of $4.86 and a 1-year high of $11.29. The firm has a market cap of $2.40 billion, a P/E ratio of 19.09, a price-to-earnings-growth ratio of 2.88 and a beta of 1.02. The business has a fifty day moving average price of $7.68 and a two-hundred day moving average price of $9.16.
Payoneer Global (NASDAQ:PAYO - Get Free Report) last posted its quarterly earnings results on Thursday, February 27th. The company reported $0.05 earnings per share for the quarter, missing the consensus estimate of $0.06 by ($0.01). Payoneer Global had a net margin of 13.82% and a return on equity of 17.78%. The company had revenue of $261.74 million during the quarter, compared to the consensus estimate of $242.14 million. During the same period last year, the firm posted $0.05 earnings per share. On average, equities analysts anticipate that Payoneer Global Inc. will post 0.34 EPS for the current year.
Analyst Ratings Changes
PAYO has been the subject of several recent analyst reports. Deutsche Bank Aktiengesellschaft began coverage on Payoneer Global in a research note on Monday, February 3rd. They set a "buy" rating and a $13.00 target price for the company. The Goldman Sachs Group lowered their target price 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. Wolfe Research downgraded Payoneer Global from an "outperform" rating to a "peer perform" rating in a report on Wednesday, January 8th. Citigroup raised their target price on shares of Payoneer Global from $14.50 to $16.50 and gave the stock a "buy" rating in a report on Tuesday, March 4th. Finally, Keefe, Bruyette & Woods decreased their target price on shares of Payoneer Global from $10.00 to $8.00 and set a "market perform" rating for the company in a research note on Monday, March 31st. Two research analysts have rated the stock with a hold rating, six have issued a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $12.36.
Check Out Our Latest Research Report on Payoneer Global
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.
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