Swiss National Bank Raises Stake in Payoneer Global Inc. (NASDAQ:PAYO)

Swiss National Bank boosted its position in Payoneer Global Inc. (NASDAQ:PAYO – Get Rating) by 2.6% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 501,900 shares of the company’s stock after buying an additional 12,800 shares during the period. Swiss National Bank’s holdings in Payoneer Global were worth $2,745,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also recently bought and sold shares of PAYO. Vanguard Group Inc. boosted its position in Payoneer Global by 191.4% in the 1st quarter. Vanguard Group Inc. now owns 25,792,530 shares of the company’s stock worth $115,035,000 after purchasing an additional 16,940,356 shares in the last quarter. Price T Rowe Associates Inc. MD boosted its position in Payoneer Global by 9.7% in the 2nd quarter. Price T Rowe Associates Inc. MD now owns 15,601,619 shares of the company’s stock worth $61,158,000 after purchasing an additional 1,383,186 shares in the last quarter. BlackRock Inc. purchased a new stake in Payoneer Global in the 3rd quarter worth approximately $86,560,000. State Street Corp boosted its position in Payoneer Global by 5.9% in the 3rd quarter. State Street Corp now owns 4,604,087 shares of the company’s stock worth $27,855,000 after purchasing an additional 257,010 shares in the last quarter. Finally, Invesco Ltd. boosted its position in Payoneer Global by 19,806.3% in the 1st quarter. Invesco Ltd. now owns 3,775,619 shares of the company’s stock worth $16,839,000 after purchasing an additional 3,756,652 shares in the last quarter. Hedge funds and other institutional investors own 93.89% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities research analysts have commented on PAYO shares. Jefferies Financial Group started coverage on Payoneer Global in a research report on Monday, February 27th. They issued a “buy” rating and a $7.00 price objective on the stock. Needham & Company LLC restated a “buy” rating and issued a $10.00 price objective on shares of Payoneer Global in a research report on Wednesday, March 22nd. Finally, Citigroup lowered their price objective on Payoneer Global from $11.00 to $9.00 in a research report on Wednesday, May 10th. Five analysts have rated the stock with a buy rating, According to MarketBeat, Payoneer Global currently has an average rating of “Buy” and an average target price of $8.08.

Payoneer Global Stock Down 2.2 %

NASDAQ PAYO opened at $4.50 on Wednesday. The business has a fifty day moving average price of $5.54 and a 200 day moving average price of $5.68. Payoneer Global Inc. has a one year low of $3.75 and a one year high of $8.04. The company has a debt-to-equity ratio of 0.03, a quick ratio of 1.10 and a current ratio of 1.10. The company has a market cap of $1.59 billion, a P/E ratio of -56.25 and a beta of 0.93.

Payoneer Global (NASDAQ:PAYO – Get Rating) last posted its quarterly earnings data on Tuesday, May 9th. The company reported $0.02 EPS for the quarter, missing the consensus estimate of $0.03 by ($0.01). Payoneer Global had a negative net margin of 3.55% and a negative return on equity of 4.81%. The firm had revenue of $192.00 million during the quarter, compared to analyst estimates of $185.61 million. During the same period in the prior year, the company posted ($0.03) earnings per share. The firm’s revenue for the quarter was up 40.1% compared to the same quarter last year. Research analysts anticipate that Payoneer Global Inc. will post 0.13 EPS for the current fiscal year.

Insiders Place Their Bets

In other Payoneer Global news, SVP Itai Perry sold 6,420 shares of the firm’s stock in a transaction on Friday, February 24th. The stock was sold at an average price of $5.57, for a total value of $35,759.40. Following the completion of the sale, the senior vice president now directly owns 170,322 shares of the company’s stock, valued at approximately $948,693.54. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other Payoneer Global news, SVP Itai Perry sold 6,420 shares of the firm’s stock in a transaction on Friday, February 24th. The stock was sold at an average price of $5.57, for a total value of $35,759.40. Following the completion of the sale, the senior vice president now directly owns 170,322 shares of the company’s stock, valued at approximately $948,693.54. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Tsafi Goldman sold 26,861 shares of the firm’s stock in a transaction on Friday, February 24th. The stock was sold at an average price of $5.57, for a total value of $149,615.77. Following the completion of the sale, the insider now directly owns 785,838 shares of the company’s stock, valued at $4,377,117.66. The disclosure for this sale can be found here. Insiders sold 89,783 shares of company stock valued at $497,534 in the last three months. 5.57% of the stock is currently owned by insiders.

Payoneer Global Profile

(Get Rating)

Payoneer Global Inc operates a payment and commerce-enabling platform that facilitates marketplaces, platforms and online merchants worldwide. It delivers a suite of services that includes cross-border payments, B2B accounts payable/accounts receivable, multi-currency account, physical and virtual Mastercard cards, working capital, merchant, tax, compliance and risk, and others.