Counterpoint Mutual Funds LLC Makes New Investment in Payoneer Global Inc. (NASDAQ:PAYO)

Counterpoint Mutual Funds LLC bought a new position in Payoneer Global Inc. (NASDAQ:PAYO) during the 4th quarter, Holdings Channel reports. The institutional investor bought 180,145 shares of the company’s stock, valued at approximately $1,809,000. Payoneer Global makes up 0.2% of Counterpoint Mutual Funds LLC’s holdings, making the stock its 21st largest position.

Other institutional investors have also modified their holdings of the company. Azora Capital LP acquired a new stake in shares of Payoneer Global during the third quarter valued at about $31,901,000. Charles Schwab Investment Management Inc. grew its stake in shares of Payoneer Global by 3.9% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 2,428,185 shares of the company’s stock worth $24,379,000 after purchasing an additional 91,029 shares in the last quarter. Principal Financial Group Inc. lifted its stake in shares of Payoneer Global by 5.9% in the 4th quarter. Principal Financial Group Inc. now owns 1,549,388 shares of the company’s stock worth $15,556,000 after acquiring an additional 86,620 shares during the period. FMR LLC increased its position in shares of Payoneer Global by 17.2% during 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. Finally, Nordea Investment Management AB boosted its position in shares of Payoneer Global by 4.9% during the 4th quarter. Nordea Investment Management AB now owns 881,026 shares of the company’s stock valued at $8,951,000 after purchasing an additional 41,106 shares in the last quarter. Hedge funds and other institutional investors own 82.22% of the company’s stock.

Insider Buying and Selling at Payoneer Global

In other Payoneer Global news, insider Tsafi Goldman sold 96,350 shares of Payoneer Global 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 directly owns 741,748 shares of the company’s stock, valued at $7,469,402.36. The trade was a 11.50 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CFO Beatrice Ordonez sold 85,000 shares of the firm’s stock in a transaction dated Tuesday, January 21st. The stock was 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 represents a 3.56 % decrease in their position. The disclosure for this sale can be found here. Company insiders own 5.57% of the company’s stock.

Payoneer Global Trading Up 1.4 %

Shares of Payoneer Global stock opened at $7.20 on Monday. Payoneer Global Inc. has a 12 month low of $4.22 and a 12 month high of $11.29. The company has a market capitalization of $2.59 billion, a PE ratio of 20.57, a PEG ratio of 2.88 and a beta of 0.97. The stock’s fifty day simple moving average is $9.76 and its 200 day simple moving average is $9.30.

Payoneer Global (NASDAQ:PAYO) last released 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). The business had revenue of $261.74 million for the quarter, compared to the consensus estimate 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 last year, the firm earned $0.05 EPS. Analysts predict that Payoneer Global Inc. will post 0.34 EPS for the current fiscal year.

Analyst Ratings Changes

PAYO has been the subject of several research analyst reports. Keefe, Bruyette & Woods reduced their price objective on Payoneer Global from $11.00 to $10.00 and set a “market perform” rating for the company in a research note on Friday, February 28th. Deutsche Bank Aktiengesellschaft began coverage on shares of Payoneer Global in a report on Monday, February 3rd. They issued a “buy” rating and a $13.00 target price on the stock. Citigroup upped their price objective on shares of Payoneer Global from $14.50 to $16.50 and gave the company a “buy” rating in a research report on Tuesday, March 4th. Wolfe Research downgraded shares of Payoneer Global from an “outperform” rating to a “peer perform” rating in a report on Wednesday, January 8th. Finally, Northland Securities boosted their target price on shares of Payoneer Global from $13.00 to $14.00 and gave the company an “outperform” rating in a research note on Friday, December 6th. Two equities research analysts have rated the stock with a hold rating, six have assigned a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, the stock has an average 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.