Cwm LLC Sells 2,384 Shares of Payoneer Global Inc. (NASDAQ:PAYO)

Cwm LLC lessened its holdings in Payoneer Global Inc. (NASDAQ:PAYO) by 39.3% during the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 3,685 shares of the company’s stock after selling 2,384 shares during the quarter. Cwm LLC’s holdings in Payoneer Global were worth $27,000 as of its most recent SEC filing.

A number of other institutional investors have also made changes to their positions in PAYO. Farther Finance Advisors LLC acquired a new position in Payoneer Global during the first quarter worth $25,000. Quarry LP bought a new stake in Payoneer Global during the fourth quarter worth about $29,000. Versant Capital Management Inc lifted its holdings in shares of Payoneer Global by 420.6% in the first quarter. Versant Capital Management Inc now owns 5,034 shares of the company’s stock worth $37,000 after acquiring an additional 4,067 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. raised its holdings in Payoneer Global by 559.9% in the 1st quarter. Mirae Asset Global Investments Co. Ltd. now owns 8,480 shares of the company’s stock valued at $62,000 after buying an additional 7,195 shares during the last quarter. Finally, Creative Financial Designs Inc. ADV raised its holdings in Payoneer Global by 86.4% in the 1st quarter. Creative Financial Designs Inc. ADV now owns 11,956 shares of the company’s stock valued at $87,000 after buying an additional 5,542 shares during the last quarter. Institutional investors own 82.22% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research firms have weighed in on PAYO. Jefferies Financial Group increased their target price on shares of Payoneer Global from $8.00 to $8.50 and gave the company a “buy” rating in a research report on Tuesday, May 27th. Needham & Company LLC cut their price objective on shares of Payoneer Global from $14.00 to $8.00 and set a “buy” rating on the stock in a report on Thursday, May 8th. Keefe, Bruyette & Woods raised shares of Payoneer Global from a “market perform” rating to an “outperform” rating and boosted their price target for the stock from $7.00 to $9.00 in a report on Tuesday, May 13th. Deutsche Bank Aktiengesellschaft started coverage on Payoneer Global in a research note on Thursday, July 17th. They issued a “buy” rating and a $8.00 price objective on the stock. Finally, Citigroup restated a “buy” rating and issued a $10.00 price objective (down from $13.00) on shares of Payoneer Global in a research note on Thursday, May 22nd. One equities research analyst has rated the stock with a hold rating, eight have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Buy” and a consensus target price of $9.81.

Insider Buying and Selling at Payoneer Global

In other news, Director Susanna Morgan sold 16,180 shares of the stock in a transaction that occurred on Monday, June 2nd. The stock was sold at an average price of $6.77, for a total transaction of $109,538.60. Following the completion of the sale, the director owned 80,902 shares of the company’s stock, valued at approximately $547,706.54. This represents a 16.67% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Company insiders own 2.58% of the company’s stock.

Payoneer Global Trading Up 2.4%

Shares of NASDAQ PAYO opened at $6.50 on Wednesday. Payoneer Global Inc. has a 12 month low of $5.16 and a 12 month high of $11.29. The firm has a market capitalization of $2.35 billion, a price-to-earnings ratio of 21.67 and a beta of 0.97. The business has a 50-day moving average of $6.75 and a 200-day moving average of $7.61.

Payoneer Global (NASDAQ:PAYO) last issued its earnings results on Wednesday, May 7th. The company reported $0.05 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.07 by ($0.02). The firm had revenue of $246.62 million during the quarter, compared to analysts’ expectations of $244.52 million. Payoneer Global had a return on equity of 15.70% and a net margin of 11.32%. The firm’s quarterly revenue was up 8.1% compared to the same quarter last year. During the same period in the prior year, the company earned $0.08 EPS. On average, analysts predict that Payoneer Global Inc. will post 0.34 earnings per share for the current year.

Payoneer Global 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.