Hillsdale Investment Management Inc. Grows Position in Payoneer Global Inc. (NASDAQ:PAYO)

Hillsdale Investment Management Inc. increased its position in Payoneer Global Inc. (NASDAQ:PAYO - Free Report) by 69,768.4% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 663,750 shares of the company's stock after buying an additional 662,800 shares during the period. Hillsdale Investment Management Inc. owned 0.18% of Payoneer Global worth $3,458,000 at the end of the most recent reporting period.

A number of other hedge funds have also added to or reduced their stakes in PAYO. Federated Hermes Inc. purchased a new position in shares of Payoneer Global in the 4th quarter worth approximately $29,000. C M Bidwell & Associates Ltd. purchased a new position in shares of Payoneer Global in the 3rd quarter worth approximately $39,000. Pathstone Family Office LLC purchased a new position in shares of Payoneer Global in the 3rd quarter worth approximately $75,000. Teza Capital Management LLC purchased a new position in shares of Payoneer Global in the 3rd quarter worth approximately $157,000. Finally, Handelsbanken Fonder AB boosted its stake in shares of Payoneer Global by 76.4% in the 4th quarter. Handelsbanken Fonder AB now owns 38,100 shares of the company's stock worth $199,000 after buying an additional 16,500 shares during the last quarter. Institutional investors and hedge funds own 82.22% of the company's stock.

Insider Activity at Payoneer Global

In related news, Director Scott H. Galit sold 16,697 shares of the business's stock in a transaction that occurred on Tuesday, February 20th. The shares were sold at an average price of $5.39, for a total transaction of $89,996.83. Following the completion of the sale, the director now directly owns 3,156,731 shares in the company, valued at $17,014,780.09. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. In other Payoneer Global news, insider Tsafi Goldman sold 6,118 shares of the company's stock in a transaction that occurred on Friday, February 23rd. The shares were sold at an average price of $5.45, for a total value of $33,343.10. Following the completion of the transaction, the insider now directly owns 858,332 shares in the company, valued at $4,677,909.40. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, Director Scott H. Galit sold 16,697 shares of the company's stock in a transaction that occurred on Tuesday, February 20th. The stock was sold at an average price of $5.39, for a total transaction of $89,996.83. Following the completion of the transaction, the director now owns 3,156,731 shares of the company's stock, valued at $17,014,780.09. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 1,200,727 shares of company stock worth $5,716,015. 5.57% of the stock is owned by company insiders.

Payoneer Global Stock Up 0.2 %

NASDAQ PAYO traded up $0.01 during trading hours on Monday, reaching $5.88. 2,942,021 shares of the company's stock traded hands, compared to its average volume of 2,567,714. Payoneer Global Inc. has a 52-week low of $4.02 and a 52-week high of $6.48. The firm has a market cap of $2.20 billion, a PE ratio of 19.60 and a beta of 0.77. The firm has a 50-day simple moving average of $5.01 and a 200 day simple moving average of $5.07. The company has a debt-to-equity ratio of 0.02, a current ratio of 1.09 and a quick ratio of 1.09.

Payoneer Global (NASDAQ:PAYO - Get Free Report) last issued its earnings results on Wednesday, May 8th. The company reported $0.08 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.05 by $0.03. The business had revenue of $228.20 million during the quarter, compared to analysts' expectations of $211.63 million. Payoneer Global had a net margin of 13.19% and a return on equity of 17.56%. The business's revenue for the quarter was up 18.9% compared to the same quarter last year. During the same period in the previous year, the company earned $0.02 earnings per share. Sell-side analysts anticipate that Payoneer Global Inc. will post 0.24 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently commented on PAYO shares. Citigroup reduced their target price on Payoneer Global from $7.50 to $6.00 and set a "buy" rating for the company in a report on Thursday, March 21st. Cantor Fitzgerald lowered their target price on shares of Payoneer Global from $8.00 to $7.00 and set an "overweight" rating on the stock in a research note on Friday, March 1st. Needham & Company LLC increased their target price on shares of Payoneer Global from $7.00 to $8.00 and gave the stock a "buy" rating in a research note on Thursday, May 9th. Keefe, Bruyette & Woods lowered their target price on shares of Payoneer Global from $7.00 to $6.00 and set an "outperform" rating on the stock in a research note on Thursday, February 29th. Finally, Benchmark reiterated a "buy" rating and issued a $9.00 target price on shares of Payoneer Global in a research note on Tuesday, May 14th. Seven research analysts have rated the stock with a buy rating, According to data from MarketBeat, the company currently has a consensus rating of "Buy" and an average target price of $7.00.

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.