IQ EQ FUND MANAGEMENT IRELAND Ltd Trims Stock Position in Payoneer Global Inc. (NASDAQ:PAYO)

IQ EQ FUND MANAGEMENT IRELAND Ltd trimmed its stake in Payoneer Global Inc. (NASDAQ:PAYO) by 36.6% during the fourth quarter, HoldingsChannel reports. The institutional investor owned 10,166 shares of the company’s stock after selling 5,862 shares during the period. IQ EQ FUND MANAGEMENT IRELAND Ltd’s holdings in Payoneer Global were worth $102,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. JPMorgan Chase & Co. increased its position in shares of Payoneer Global by 414.4% during the fourth quarter. JPMorgan Chase & Co. now owns 1,162,304 shares of the company’s stock worth $11,670,000 after purchasing an additional 936,345 shares in the last quarter. LPL Financial LLC increased its position in Payoneer Global by 14.4% during the fourth quarter. LPL Financial LLC now owns 33,520 shares of the company’s stock worth $337,000 after buying an additional 4,230 shares during the period. KLP Kapitalforvaltning AS purchased a new stake in Payoneer Global in the fourth quarter valued at approximately $648,000. American Century Companies Inc. boosted its holdings in shares of Payoneer Global by 24.8% in the fourth quarter. American Century Companies Inc. now owns 8,166,652 shares of the company’s stock valued at $81,993,000 after acquiring an additional 1,624,948 shares during the period. Finally, Quantbot Technologies LP purchased a new position in shares of Payoneer Global during the fourth quarter worth approximately $331,000. 82.22% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In other Payoneer Global news, insider Tsafi Goldman sold 96,350 shares of the stock in a transaction dated Thursday, January 2nd. The shares were sold at an average price of $10.07, for a total value 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 approximately $7,469,402.36. This trade represents a 11.50 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, CFO Beatrice Ordonez sold 85,000 shares of Payoneer Global 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. The trade was a 3.56 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 5.57% of the company’s stock.

Analysts Set New Price Targets

Several analysts recently commented on PAYO shares. Wolfe Research downgraded shares of Payoneer Global from an “outperform” rating to a “peer perform” rating in a research report on Wednesday, January 8th. Keefe, Bruyette & Woods decreased their target price on shares of 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. Citigroup boosted their price target on Payoneer Global from $14.50 to $16.50 and gave the company a “buy” rating in a research report on Tuesday, March 4th. Deutsche Bank Aktiengesellschaft began coverage on Payoneer Global in a research report on Monday, February 3rd. They set a “buy” rating and a $13.00 price objective for the company. Finally, Northland Securities boosted their target price on Payoneer Global from $13.00 to $14.00 and gave the company an “outperform” rating in a report on Friday, December 6th. Two analysts have rated the stock with a hold rating, six have given a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $13.07.

Payoneer Global Trading Down 2.4 %

NASDAQ PAYO opened at $7.25 on Friday. The business’s 50 day moving average is $9.21 and its two-hundred day moving average is $9.30. The stock has a market capitalization of $2.61 billion, a price-to-earnings ratio of 20.71, a PEG ratio of 2.88 and a beta of 0.97. Payoneer Global Inc. has a 12-month low of $4.69 and a 12-month high of $11.29.

Payoneer Global (NASDAQ:PAYO) last released its quarterly earnings data on Thursday, February 27th. The company reported $0.05 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.06 by ($0.01). Payoneer Global had a return on equity of 17.78% and a net margin of 13.82%. The business had revenue of $261.74 million during the quarter, compared to analysts’ expectations of $242.14 million. During the same quarter in the previous year, the company posted $0.05 EPS. Equities analysts forecast that Payoneer Global Inc. will post 0.34 earnings per share 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.