Farringdon Capital Ltd. Makes New $106,000 Investment in Payoneer Global Inc. (NASDAQ:PAYO)

Farringdon Capital Ltd. purchased a new stake in Payoneer Global Inc. (NASDAQ:PAYO) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm purchased 10,550 shares of the company’s stock, valued at approximately $106,000.

A number of other institutional investors and hedge funds have also modified their holdings of the company. Robeco Institutional Asset Management B.V. bought a new position in Payoneer Global in the 4th quarter worth $1,233,000. Y Intercept Hong Kong Ltd bought a new position in shares of Payoneer Global in the fourth quarter worth about $1,276,000. Entropy Technologies LP acquired a new position in shares of Payoneer Global during the 4th quarter worth about $540,000. Allspring Global Investments Holdings LLC boosted its stake in Payoneer Global by 133.5% during the 4th quarter. Allspring Global Investments Holdings LLC now owns 97,538 shares of the company’s stock valued at $990,000 after purchasing an additional 55,766 shares during the period. Finally, Counterpoint Mutual Funds LLC acquired a new stake in Payoneer Global in the 4th quarter valued at approximately $1,809,000. 82.22% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of equities analysts recently issued reports on the stock. The Goldman Sachs Group dropped their target price on shares of Payoneer Global from $11.00 to $9.00 and set a “buy” rating on the stock in a research report on Wednesday, April 2nd. Wolfe Research lowered Payoneer Global from an “outperform” rating to a “peer perform” rating in a research note on Wednesday, January 8th. Citigroup lifted their price target on shares of 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 began coverage on shares of Payoneer Global in a research note on Monday, February 3rd. They issued a “buy” rating and a $13.00 target price on the stock. Finally, Keefe, Bruyette & Woods dropped their price objective on Payoneer Global from $10.00 to $8.00 and set a “market perform” rating for the company in a research note on Monday, March 31st. Two investment analysts have rated the stock with a hold rating, six have assigned a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, Payoneer Global has a consensus rating of “Moderate Buy” and a consensus price target of $12.36.

Payoneer Global Price Performance

Shares of Payoneer Global stock opened at $6.36 on Friday. The firm has a market cap of $2.29 billion, a P/E ratio of 18.17, a P/E/G ratio of 2.88 and a beta of 1.02. The firm has a 50 day simple moving average of $7.85 and a 200 day simple moving average of $9.18. Payoneer Global Inc. has a fifty-two week low of $4.86 and a fifty-two week high of $11.29.

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

Insider Activity at Payoneer Global

In related news, CFO Beatrice Ordonez sold 85,000 shares of the company’s stock in a transaction dated Tuesday, January 21st. The shares were sold at an average price of $10.40, for a total value of $884,000.00. Following 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 ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. 5.57% of the stock is currently owned by corporate insiders.

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.