Payoneer Global Inc. (NASDAQ:PAYO) Shares Purchased by Handelsbanken Fonder AB

Handelsbanken Fonder AB grew its position in Payoneer Global Inc. (NASDAQ:PAYO) by 76.4% in the fourth quarter, HoldingsChannel reports. The institutional investor owned 38,100 shares of the company’s stock after acquiring an additional 16,500 shares during the period. Handelsbanken Fonder AB’s holdings in Payoneer Global were worth $199,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently modified their holdings of the company. Federated Hermes Inc. purchased a new stake in shares of Payoneer Global during the fourth quarter worth $29,000. Zurcher Kantonalbank Zurich Cantonalbank increased its position in shares of Payoneer Global by 23.7% in the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 64,796 shares of the company’s stock valued at $338,000 after purchasing an additional 12,403 shares during the last quarter. Louisiana State Employees Retirement System purchased a new stake in shares of Payoneer Global during the 4th quarter worth $679,000. Insight Wealth Strategies LLC lifted its holdings in Payoneer Global by 13.9% during the 4th quarter. Insight Wealth Strategies LLC now owns 129,062 shares of the company’s stock worth $672,000 after buying an additional 15,743 shares during the last quarter. Finally, Harbor Capital Advisors Inc. boosted its holdings in Payoneer Global by 32.6% in the fourth quarter. Harbor Capital Advisors Inc. now owns 174,510 shares of the company’s stock valued at $909,000 after purchasing an additional 42,862 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 6,118 shares of Payoneer Global stock in a transaction on Friday, February 23rd. The stock was sold at an average price of $5.45, for a total transaction of $33,343.10. Following the sale, the insider now owns 858,332 shares of the company’s stock, valued at approximately $4,677,909.40. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other Payoneer Global news, Director Scott H. Galit sold 191,283 shares of the business’s stock in a transaction dated Wednesday, April 10th. The shares were sold at an average price of $4.85, for a total transaction of $927,722.55. Following the sale, the director now directly owns 2,476,139 shares in the company, valued at approximately $12,009,274.15. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Tsafi Goldman sold 6,118 shares of the stock in a transaction that occurred on Friday, February 23rd. The shares were sold at an average price of $5.45, for a total transaction of $33,343.10. Following the completion of the transaction, the insider now owns 858,332 shares of the company’s stock, valued at $4,677,909.40. The disclosure for this sale can be found here. Insiders sold 1,231,650 shares of company stock valued at $5,862,136 in the last ninety days. Company insiders own 5.57% of the company’s stock.

Payoneer Global Stock Performance

Payoneer Global stock opened at $5.08 on Friday. The company has a debt-to-equity ratio of 0.03, a current ratio of 1.09 and a quick ratio of 1.09. Payoneer Global Inc. has a 12 month low of $4.02 and a 12 month high of $6.48. The company has a market cap of $1.87 billion, a price-to-earnings ratio of 20.83 and a beta of 0.77. The stock’s 50-day moving average is $4.81 and its 200-day moving average is $5.09.

Payoneer Global (NASDAQ:PAYO) last issued its earnings results on Wednesday, February 28th. The company reported $0.05 earnings per share for the quarter, hitting the consensus estimate of $0.05. Payoneer Global had a return on equity of 14.80% and a net margin of 11.23%. The company had revenue of $224.32 million during the quarter, compared to the consensus estimate of $223.65 million. Equities analysts anticipate that Payoneer Global Inc. will post 0.2 earnings per share for the current year.

Wall Street Analyst Weigh In

A number of equities analysts have recently issued reports on the stock. Benchmark restated a “buy” rating and set a $7.00 target price on shares of Payoneer Global in a research report on Tuesday, March 26th. Citigroup lowered their target price on Payoneer Global from $7.50 to $6.00 and set a “buy” rating on the stock in a report on Thursday, March 21st. Keefe, Bruyette & Woods reduced their price target on Payoneer Global from $7.00 to $6.00 and set an “outperform” rating on the stock in a research note on Thursday, February 29th. Cantor Fitzgerald reduced their target price on Payoneer Global from $8.00 to $7.00 and set an “overweight” rating on the stock in a research report on Friday, March 1st. Finally, Needham & Company LLC lowered their price target on Payoneer Global from $8.00 to $7.00 and set a “buy” rating for the company in a report on Monday, April 1st. Seven research analysts have rated the stock with a buy rating, According to MarketBeat, Payoneer Global presently has a consensus rating of “Buy” and an average target price of $6.57.

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.