AlphaQuest LLC Lowers Stock Holdings in Payoneer Global Inc. (NASDAQ:PAYO)

AlphaQuest LLC cut its holdings in Payoneer Global Inc. (NASDAQ:PAYO) by 33.8% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 36,486 shares of the company’s stock after selling 18,611 shares during the quarter. AlphaQuest LLC’s holdings in Payoneer Global were worth $366,000 as of its most recent SEC filing.

Several other large investors have also made changes to their positions in PAYO. Smartleaf Asset Management LLC grew its stake 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 acquiring an additional 3,064 shares during the period. Fifth Third Bancorp increased its position 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 in the last quarter. Blue Trust Inc. raised its position in shares of Payoneer Global by 21.2% in the fourth 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. GAMMA Investing LLC lifted its stake in Payoneer Global by 41.7% in the 4th quarter. GAMMA Investing LLC now owns 8,241 shares of the company’s stock worth $83,000 after purchasing an additional 2,425 shares in the last quarter. Finally, Rialto Wealth Management LLC purchased a new position in Payoneer Global during the fourth quarter worth approximately $105,000. 82.22% of the stock is owned by institutional investors and hedge funds.

Payoneer Global Trading Down 1.8 %

Shares of PAYO opened at $7.10 on Friday. The firm has a market capitalization of $2.55 billion, a price-to-earnings ratio of 20.29, a PEG ratio of 2.88 and a beta of 0.97. The firm’s fifty day simple moving average is $9.82 and its 200-day simple moving average is $9.27. Payoneer Global Inc. has a twelve month low of $4.22 and a twelve month high of $11.29.

Payoneer Global (NASDAQ:PAYO) last posted its quarterly earnings results on Thursday, February 27th. The company reported $0.05 earnings per share for the quarter, missing analysts’ consensus estimates of $0.06 by ($0.01). The business had revenue of $261.74 million during the quarter, compared to analyst estimates of $242.14 million. Payoneer Global had a net margin of 13.82% and a return on equity of 17.78%. During the same quarter in the prior year, the business earned $0.05 earnings per share. On average, analysts predict that Payoneer Global Inc. will post 0.34 earnings per share for the current fiscal year.

Insider Buying and Selling

In other Payoneer Global news, CFO Beatrice Ordonez sold 85,000 shares of the firm’s stock in a transaction that occurred on Tuesday, January 21st. The shares were sold at an average price of $10.40, for a total transaction of $884,000.00. Following the sale, the chief financial officer now owns 2,305,245 shares of the company’s stock, valued at approximately $23,974,548. This trade represents a 3.56 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Tsafi Goldman sold 96,350 shares of the company’s stock in a transaction on Thursday, January 2nd. The shares were sold at an average price of $10.07, for a total transaction of $970,244.50. Following the completion of the transaction, the insider now owns 741,748 shares of the company’s stock, valued at approximately $7,469,402.36. The trade was a 11.50 % decrease in their position. The disclosure for this sale can be found here. 5.57% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

Several research analysts have weighed in on the stock. Wolfe Research lowered shares of Payoneer Global from an “outperform” rating to a “peer perform” rating in a research note on Wednesday, January 8th. Deutsche Bank Aktiengesellschaft began coverage on shares of Payoneer Global in a research note on Monday, February 3rd. They issued a “buy” rating and a $13.00 price objective for the company. Northland Securities upped their target price on shares of Payoneer Global from $13.00 to $14.00 and gave the stock an “outperform” rating in a research note on Friday, December 6th. Keefe, Bruyette & Woods reduced their target price on shares of 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, Citigroup boosted their price target on shares of Payoneer Global from $14.50 to $16.50 and gave the stock a “buy” rating in a research note on Tuesday, March 4th. Two equities research 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 company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $13.07.

About Payoneer Global

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.