Payoneer Global Inc. $PAYO Stock Position Lowered by Insight Wealth Strategies LLC

Insight Wealth Strategies LLC decreased its position in Payoneer Global Inc. (NASDAQ:PAYO) by 96.9% in the 4th quarter, HoldingsChannel reports. The institutional investor owned 19,348 shares of the company’s stock after selling 613,865 shares during the period. Insight Wealth Strategies LLC’s holdings in Payoneer Global were worth $109,000 at the end of the most recent reporting period.

Several other large investors have also bought and sold shares of the company. JPMorgan Chase & Co. grew its holdings in Payoneer Global by 128.5% during the third quarter. JPMorgan Chase & Co. now owns 638,225 shares of the company’s stock worth $3,861,000 after acquiring an additional 358,922 shares during the period. Tudor Investment Corp ET AL lifted its holdings in Payoneer Global by 15.8% in the 3rd quarter. Tudor Investment Corp ET AL now owns 1,065,357 shares of the company’s stock valued at $6,445,000 after acquiring an additional 145,084 shares during the last quarter. Swiss Life Asset Management Ltd acquired a new stake in Payoneer Global in the 3rd quarter valued at about $80,000. CIBC Bancorp USA Inc. bought a new position in shares of Payoneer Global during the 3rd quarter valued at about $180,000. Finally, PharVision Advisers LLC bought a new position in shares of Payoneer Global during the 3rd quarter valued at about $332,000. Institutional investors own 82.22% of the company’s stock.

Analyst Ratings Changes

A number of analysts recently commented on PAYO shares. Wall Street Zen upgraded shares of Payoneer Global from a “sell” rating to a “hold” rating in a report on Sunday, March 15th. Needham & Company LLC reduced their target price on shares of Payoneer Global from $10.00 to $8.00 and set a “buy” rating for the company in a report on Thursday, February 26th. Weiss Ratings restated a “hold (c)” rating on shares of Payoneer Global in a research report on Thursday, January 22nd. Benchmark dropped their price target on Payoneer Global from $10.00 to $7.00 and set a “buy” rating on the stock in a report on Friday, March 6th. Finally, Keefe, Bruyette & Woods cut their price objective on Payoneer Global from $7.50 to $7.00 and set an “outperform” rating for the company in a research report on Friday, February 27th. Seven investment analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, Payoneer Global has an average rating of “Moderate Buy” and an average target price of $8.00.

Payoneer Global Stock Performance

NASDAQ PAYO opened at $4.55 on Friday. Payoneer Global Inc. has a twelve month low of $4.08 and a twelve month high of $7.97. The stock has a market cap of $1.62 billion, a price-to-earnings ratio of 23.95, a PEG ratio of 0.57 and a beta of 1.09. The firm’s 50 day moving average price is $5.34 and its two-hundred day moving average price is $5.74.

Payoneer Global (NASDAQ:PAYO) last released its earnings results on Thursday, February 26th. The company reported $0.05 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.06 by ($0.01). The business had revenue of $274.69 million during the quarter, compared to analysts’ expectations of $282.79 million. Payoneer Global had a net margin of 6.95% and a return on equity of 10.89%. Payoneer Global’s revenue for the quarter was up 5.0% on a year-over-year basis. During the same quarter in the previous year, the company earned $0.05 EPS. On average, research analysts forecast that Payoneer Global Inc. will post 0.34 EPS for the current fiscal 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.