Lord Abbett & CO. LLC Boosts Holdings in Payoneer Global Inc. (NASDAQ:PAYO)

Lord Abbett & CO. LLC lifted its stake in Payoneer Global Inc. (NASDAQ:PAYO - Free Report) by 54.8% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 1,246,694 shares of the company's stock after purchasing an additional 441,382 shares during the quarter. Lord Abbett & CO. LLC owned about 0.35% of Payoneer Global worth $12,517,000 as of its most recent SEC filing.

Other institutional investors also recently bought and sold shares of the company. Smartleaf Asset Management LLC increased its position in shares of 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 acquiring an additional 3,064 shares during the period. Fifth Third Bancorp raised its holdings in shares of Payoneer Global by 29.3% during the fourth quarter. Fifth Third Bancorp now owns 4,488 shares of the company's stock worth $45,000 after purchasing an additional 1,016 shares during the last quarter. Blue Trust Inc. lifted its position in Payoneer Global by 21.2% during the fourth 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 period. GAMMA Investing LLC boosted its holdings in Payoneer Global by 41.7% in the fourth 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, CreativeOne Wealth LLC acquired a new stake in Payoneer Global during the 4th quarter worth about $103,000. 82.22% of the stock is currently owned by institutional investors and hedge funds.

Payoneer Global Stock Up 1.9 %

Shares of Payoneer Global stock traded up $0.14 on Friday, hitting $7.23. 1,327,237 shares of the company were exchanged, compared to its average volume of 3,064,489. Payoneer Global Inc. has a 1-year low of $4.90 and a 1-year high of $11.29. The stock has a market capitalization of $2.60 billion, a price-to-earnings ratio of 20.61, a price-to-earnings-growth ratio of 2.88 and a beta of 1.02. The company has a 50-day moving average price of $7.20 and a 200 day moving average price of $9.11.

Payoneer Global (NASDAQ:PAYO - Get Free Report) last issued its earnings results on Thursday, February 27th. The company reported $0.05 EPS for the quarter, missing analysts' consensus estimates of $0.06 by ($0.01). Payoneer Global had a return on equity of 17.78% and a net margin of 13.82%. The firm had revenue of $261.74 million for the quarter, compared to analysts' expectations of $242.14 million. During the same period last year, the firm earned $0.05 earnings per share. Research analysts forecast that Payoneer Global Inc. will post 0.34 EPS for the current year.

Analyst Ratings Changes

A number of brokerages have recently commented on PAYO. Keefe, Bruyette & Woods lowered their target price on Payoneer Global from $10.00 to $8.00 and set a "market perform" rating on the stock in a research note on Monday, March 31st. The Goldman Sachs Group dropped their target price on Payoneer Global from $11.00 to $9.00 and set a "buy" rating on the stock in a research report on Wednesday, April 2nd. Citigroup increased their price target on Payoneer Global from $14.50 to $16.50 and gave the stock a "buy" rating in a research report on Tuesday, March 4th. Wolfe Research cut Payoneer Global from an "outperform" rating to a "peer perform" rating in a research report on Wednesday, January 8th. Finally, Deutsche Bank Aktiengesellschaft initiated coverage on Payoneer Global in a research report on Monday, February 3rd. They set a "buy" rating and a $13.00 target price on the stock. Two research analysts have rated the stock with a hold rating, six have issued a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus price target of $12.36.

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.