Rialto Wealth Management LLC Buys Shares of 10,410 Payoneer Global Inc. (NASDAQ:PAYO)

Rialto Wealth Management LLC purchased a new stake in shares of Payoneer Global Inc. (NASDAQ:PAYO) during the fourth quarter, Holdings Channel.com reports. The fund purchased 10,410 shares of the company’s stock, valued at approximately $105,000.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. PNC Financial Services Group Inc. lifted its holdings in Payoneer Global by 92.2% during the fourth quarter. PNC Financial Services Group Inc. now owns 18,236 shares of the company’s stock valued at $183,000 after purchasing an additional 8,747 shares during the last quarter. Bay Colony Advisory Group Inc d b a Bay Colony Advisors bought a new stake in shares of Payoneer Global in the fourth quarter valued at approximately $140,000. Arizona State Retirement System lifted its stake in shares of Payoneer Global by 4.3% during the 4th quarter. Arizona State Retirement System now owns 88,574 shares of the company’s stock valued at $889,000 after buying an additional 3,630 shares in the last quarter. Aigen Investment Management LP purchased a new stake in shares of Payoneer Global during the 4th quarter valued at approximately $306,000. Finally, M&T Bank Corp bought a new position in Payoneer Global in the 4th quarter worth approximately $201,000. Institutional investors own 82.22% of the company’s stock.

Analysts Set New Price Targets

A number of brokerages have issued reports on PAYO. Keefe, Bruyette & Woods lowered 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. Northland Securities increased their price objective on Payoneer Global from $13.00 to $14.00 and gave the stock an “outperform” rating in a report on Friday, December 6th. Citigroup raised their target price on Payoneer Global from $14.50 to $16.50 and gave the stock a “buy” rating in a research note on Tuesday, March 4th. Deutsche Bank Aktiengesellschaft assumed coverage on Payoneer Global in a research report on Monday, February 3rd. They set a “buy” rating and a $13.00 price target on the stock. Finally, Wolfe Research lowered shares of Payoneer Global from an “outperform” rating to a “peer perform” rating in a research report on Wednesday, January 8th. Two 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 stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $13.07.

Payoneer Global Stock Down 4.2 %

NASDAQ:PAYO opened at $7.48 on Friday. The stock has a market cap of $2.67 billion, a P/E ratio of 21.37, a PEG ratio of 2.88 and a beta of 0.97. The business’s 50-day moving average price is $10.06 and its two-hundred day moving average price is $9.29. Payoneer Global Inc. has a twelve month low of $4.22 and a twelve month high of $11.29.

Payoneer Global (NASDAQ:PAYO) last announced its 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). Payoneer Global had a net margin of 13.82% and a return on equity of 17.78%. The company had revenue of $261.74 million during the quarter, compared to analysts’ expectations of $242.14 million. During the same period in the prior year, the business earned $0.05 earnings per share. On average, equities research analysts expect that Payoneer Global Inc. will post 0.34 EPS for the current fiscal year.

Insider Activity

In other news, CFO Beatrice Ordonez sold 85,000 shares of the company’s stock in a transaction dated 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 in the company, valued at approximately $23,974,548. This represents a 3.56 % decrease in their position. 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 263,873 shares of the stock in a transaction dated Tuesday, December 10th. The shares were sold at an average price of $10.10, for a total value of $2,665,117.30. Following the transaction, the insider now owns 741,748 shares in the company, valued at $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. In the last quarter, insiders have sold 445,223 shares of company stock worth $4,519,362. 5.57% of the stock is currently owned by corporate insiders.

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.