Aigen Investment Management LP Acquires Shares of 30,448 Payoneer Global Inc. (NASDAQ:PAYO)

Aigen Investment Management LP acquired a new stake in shares of Payoneer Global Inc. (NASDAQ:PAYO) in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor acquired 30,448 shares of the company’s stock, valued at approximately $306,000.

Other hedge funds also recently bought and sold shares of the company. Robeco Institutional Asset Management B.V. purchased a new stake in Payoneer Global during the fourth quarter valued at about $1,233,000. Y Intercept Hong Kong Ltd acquired a new position in shares of Payoneer Global in the 4th quarter valued at about $1,276,000. FMR LLC increased its holdings in shares of Payoneer Global by 17.2% in the 3rd quarter. FMR LLC now owns 1,129,312 shares of the company’s stock valued at $8,504,000 after purchasing an additional 165,913 shares during the period. Allspring Global Investments Holdings LLC increased its holdings in shares of Payoneer Global by 133.5% in the 4th quarter. Allspring Global Investments Holdings LLC now owns 97,538 shares of the company’s stock valued at $990,000 after purchasing an additional 55,766 shares during the period. Finally, Charles Schwab Investment Management Inc. increased its holdings in shares of Payoneer Global by 3.0% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 2,337,156 shares of the company’s stock valued at $17,599,000 after purchasing an additional 67,255 shares during the period. 82.22% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

PAYO has been the topic of a number of research reports. Northland Securities upped their target price on Payoneer Global from $13.00 to $14.00 and gave the company an “outperform” rating in a report on Friday, December 6th. Citigroup upped their target price on Payoneer Global from $14.50 to $16.50 and gave the company a “buy” rating in a report on Tuesday, March 4th. Wolfe Research downgraded Payoneer Global from an “outperform” rating to a “peer perform” rating in a report on Wednesday, January 8th. Keefe, Bruyette & Woods dropped their price objective on Payoneer Global from $11.00 to $10.00 and set a “market perform” rating on the stock in a report on Friday, February 28th. Finally, Deutsche Bank Aktiengesellschaft assumed coverage on Payoneer Global in a report on Monday, February 3rd. They issued a “buy” rating and a $13.00 price objective on the stock. Two investment analysts have rated the stock with a hold rating, six have given a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, Payoneer Global has a consensus rating of “Moderate Buy” and a consensus target price of $13.07.

Insider Activity

In related news, CFO Beatrice Ordonez sold 85,000 shares of the firm’s stock in a transaction on Tuesday, January 21st. The stock was sold at an average price of $10.40, for a total value of $884,000.00. Following the completion of the transaction, the chief financial officer now directly owns 2,305,245 shares of the company’s stock, valued at $23,974,548. This trade represents a 3.56 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Tsafi Goldman sold 263,873 shares of the firm’s stock in a transaction on Tuesday, December 10th. The stock was sold at an average price of $10.10, for a total value of $2,665,117.30. Following the completion of the transaction, the insider now directly owns 741,748 shares of the company’s stock, valued at approximately $7,491,654.80. This trade represents a 26.24 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders sold 445,223 shares of company stock valued at $4,519,362. 5.57% of the stock is owned by company insiders.

Payoneer Global Trading Down 4.2 %

PAYO opened at $7.48 on Friday. Payoneer Global Inc. has a 1-year low of $4.22 and a 1-year high of $11.29. The stock has a market capitalization of $2.67 billion, a price-to-earnings ratio of 21.37, a P/E/G ratio of 2.88 and a beta of 0.97. The business has a 50 day moving average of $10.06 and a 200-day moving average of $9.29.

Payoneer Global (NASDAQ:PAYO) last posted its quarterly earnings data 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 business had revenue of $261.74 million during the quarter, compared to the consensus estimate of $242.14 million. During the same period in the prior year, the company posted $0.05 earnings per share. Equities analysts predict that Payoneer Global Inc. will post 0.34 EPS for the current year.

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.