Carmignac Gestion Acquires Shares of 426,354 Payoneer Global Inc. $PAYO

Carmignac Gestion acquired a new position in shares of Payoneer Global Inc. (NASDAQ:PAYO) in the 2nd quarter, according to its most recent disclosure with the SEC. The fund acquired 426,354 shares of the company’s stock, valued at approximately $3,036,000.

A number of other institutional investors and hedge funds have also recently modified their holdings of PAYO. Leonteq Securities AG raised its stake in Payoneer Global by 72.0% in the first quarter. Leonteq Securities AG now owns 6,496 shares of the company’s stock valued at $31,000 after buying an additional 2,720 shares in the last quarter. Osaic Holdings Inc. lifted its holdings in Payoneer Global by 246.5% during the 2nd quarter. Osaic Holdings Inc. now owns 4,636 shares of the company’s stock worth $33,000 after buying an additional 3,298 shares during the last quarter. Nykredit A S acquired a new position in shares of Payoneer Global during the 2nd quarter worth about $39,000. GAMMA Investing LLC boosted its position in shares of Payoneer Global by 73.8% during the 2nd quarter. GAMMA Investing LLC now owns 5,777 shares of the company’s stock worth $41,000 after acquiring an additional 2,453 shares in the last quarter. Finally, Resonant Capital Advisors LLC purchased a new position in shares of Payoneer Global in the 1st quarter valued at about $49,000. Institutional investors and hedge funds own 82.22% of the company’s stock.

Analyst Ratings Changes

Several research firms recently weighed in on PAYO. Weiss Ratings upgraded Payoneer Global from a “hold (c-)” rating to a “hold (c)” rating in a research note on Tuesday, September 1st. Needham & Company LLC lowered shares of Payoneer Global from a “buy” rating to a “hold” rating in a research note on Monday, June 15th. Benchmark cut shares of Payoneer Global from a “buy” rating to a “hold” rating in a report on Thursday, June 18th. Citigroup downgraded shares of Payoneer Global from a “buy” rating to a “neutral” rating and reduced their price objective for the stock from $10.00 to $7.40 in a research report on Tuesday, June 16th. Finally, Northland Securities set a $7.40 target price on shares of Payoneer Global in a report on Monday, June 15th. One investment analyst has rated the stock with a Buy rating and eight have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and an average price target of $7.40.

Insider Buying and Selling

In related news, CFO Beatrice Ordonez sold 25,000 shares of the stock in a transaction on Monday, June 15th. The shares were sold at an average price of $7.01, for a total transaction of $175,250.00. Following the completion of the sale, the chief financial officer owned 2,887,266 shares in the company, valued at $20,239,734.66. This represents a 0.86% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 2.06% of the stock is currently owned by company insiders.

Payoneer Global Trading Down 0.6%

Shares of NASDAQ PAYO traded down $0.04 during trading hours on Tuesday, reaching $7.13. The stock had a trading volume of 2,157,689 shares, compared to its average volume of 5,124,208. The firm has a 50-day moving average of $7.12 and a 200-day moving average of $5.90. The firm has a market cap of $2.42 billion, a price-to-earnings ratio of 50.93, a PEG ratio of 1.50 and a beta of 0.94. Payoneer Global Inc. has a fifty-two week low of $4.08 and a fifty-two week high of $7.18.

Payoneer Global (NASDAQ:PAYO) last released its quarterly earnings results on Thursday, August 6th. The company reported ($0.01) EPS for the quarter, missing the consensus estimate of $0.06 by ($0.07). The firm had revenue of $274.26 million for the quarter, compared to analyst estimates of $270.98 million. Payoneer Global had a return on equity of 9.97% and a net margin of 4.65%.The company’s quarterly revenue was up 5.2% on a year-over-year basis. During the same period last year, the firm earned $0.05 EPS. On average, equities analysts predict that Payoneer Global Inc. will post 0.2 EPS for the current year.

Payoneer Global Company Profile

Payoneer Global (NASDAQ: PAYO) operates a digital payments platform that enables businesses, marketplaces and professionals to send and receive cross-border payments. The company’s core offerings include multi-currency receiving accounts, mass payout services and working capital solutions. Through its platform, Payoneer facilitates global transactions by connecting payors and payees across a network of local bank transfers, card payouts and digital wallets, supporting the seamless movement of funds in over 150 currencies.

Founded in 2005, Payoneer has grown from a small fintech venture into a widely adopted payments infrastructure provider that serves clients in more than 200 countries and territories.