Algert Global LLC Acquires 16,695 Shares of Payoneer Global Inc. (NASDAQ:PAYO)

Algert Global LLC grew its holdings in Payoneer Global Inc. (NASDAQ:PAYO) by 9.2% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 198,302 shares of the company’s stock after purchasing an additional 16,695 shares during the quarter. Algert Global LLC’s holdings in Payoneer Global were worth $1,991,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds also recently made changes to their positions in the business. Voleon Capital Management LP acquired a new position in Payoneer Global in the fourth quarter valued at approximately $2,057,000. PDT Partners LLC lifted its position in shares of Payoneer Global by 44.9% during the 4th quarter. PDT Partners LLC now owns 429,297 shares of the company’s stock valued at $4,310,000 after acquiring an additional 132,994 shares during the period. Northern Trust Corp boosted its stake in Payoneer Global by 17.9% during the fourth quarter. Northern Trust Corp now owns 3,019,162 shares of the company’s stock worth $30,312,000 after acquiring an additional 458,594 shares in the last quarter. Tudor Investment Corp ET AL acquired a new stake in Payoneer Global in the fourth quarter worth $13,643,000. Finally, Quarry LP bought a new stake in Payoneer Global in the fourth quarter valued at $29,000. Institutional investors own 82.22% of the company’s stock.

Analyst Ratings Changes

PAYO has been the topic of a number of research analyst reports. The Goldman Sachs Group cut their price objective on shares of Payoneer Global from $11.00 to $9.00 and set a “buy” rating on the stock in a research report on Wednesday, April 2nd. Deutsche Bank Aktiengesellschaft initiated coverage on Payoneer Global in a research note on Monday, February 3rd. They issued a “buy” rating and a $13.00 price objective for the company. Keefe, Bruyette & Woods decreased their price objective on Payoneer Global from $8.00 to $7.00 and set a “market perform” rating for the company in a report on Thursday. Needham & Company LLC cut their target price on Payoneer Global from $14.00 to $8.00 and set a “buy” rating on the stock in a report on Thursday. Finally, Citigroup boosted their price target on shares of Payoneer Global from $14.50 to $16.50 and gave the company a “buy” rating in a research note on Tuesday, March 4th. Two research analysts have rated the stock with a hold rating, six have assigned a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $11.36.

Payoneer Global Trading Up 2.8 %

NASDAQ PAYO opened at $6.33 on Friday. The business has a fifty day simple moving average of $6.97 and a 200 day simple moving average of $9.06. Payoneer Global Inc. has a 12 month low of $5.03 and a 12 month high of $11.29. The firm has a market capitalization of $2.28 billion, a P/E ratio of 18.09, a PEG ratio of 2.88 and a beta of 1.03.

Payoneer Global (NASDAQ:PAYO) last announced its earnings results on Wednesday, May 7th. The company reported $0.05 EPS for the quarter, missing the consensus estimate of $0.07 by ($0.02). Payoneer Global had a net margin of 13.82% and a return on equity of 17.78%. The firm had revenue of $246.62 million during the quarter, compared to analysts’ expectations of $244.52 million. During the same quarter in the prior year, the company earned $0.08 EPS. The business’s revenue for the quarter was up 8.1% on a year-over-year basis. As a group, sell-side analysts predict that Payoneer Global Inc. will post 0.34 EPS for the current fiscal year.

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.