GAMMA Investing LLC Has $83,000 Position in Payoneer Global Inc. (NASDAQ:PAYO)

GAMMA Investing LLC increased its stake in shares of Payoneer Global Inc. (NASDAQ:PAYO) by 41.7% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 8,241 shares of the company’s stock after acquiring an additional 2,425 shares during the quarter. GAMMA Investing LLC’s holdings in Payoneer Global were worth $83,000 at the end of the most recent reporting period.

Several other large investors have also recently bought and sold shares of PAYO. Van ECK Associates Corp grew its position in Payoneer Global by 1.6% in the 3rd quarter. Van ECK Associates Corp now owns 84,209 shares of the company’s stock worth $634,000 after purchasing an additional 1,306 shares during the last quarter. The Manufacturers Life Insurance Company increased its stake in Payoneer Global by 1.2% during the third quarter. The Manufacturers Life Insurance Company now owns 165,996 shares of the company’s stock valued at $1,250,000 after acquiring an additional 1,907 shares during the period. Xponance Inc. raised its holdings in Payoneer Global by 12.1% in the 2nd quarter. Xponance Inc. now owns 17,928 shares of the company’s stock valued at $99,000 after acquiring an additional 1,942 shares in the last quarter. Blue Trust Inc. raised its stake in shares of Payoneer Global by 135.2% in the third quarter. Blue Trust Inc. now owns 4,440 shares of the company’s stock valued at $33,000 after purchasing an additional 2,552 shares in the last quarter. Finally, Quarry LP bought a new position in Payoneer Global in the second quarter worth $29,000. 82.22% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several analysts have recently weighed in on PAYO shares. The Goldman Sachs Group lifted their target price on shares of Payoneer Global from $9.00 to $12.00 and gave the company a “buy” rating in a research report on Wednesday, November 6th. Northland Securities boosted their target price on shares of Payoneer Global from $13.00 to $14.00 and gave the company an “outperform” rating in a research note on Friday, December 6th. Wolfe Research lowered shares of Payoneer Global from an “outperform” rating to a “peer perform” rating in a report on Wednesday. Needham & Company LLC lifted their price target on shares of Payoneer Global from $10.00 to $14.00 and gave the company a “buy” rating in a report on Wednesday, November 6th. Finally, Benchmark boosted their price target on shares of Payoneer Global from $10.00 to $12.00 and gave the company a “buy” rating in a research report on Wednesday, November 6th. Two research analysts have rated the stock with a hold rating, five have issued a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, Payoneer Global presently has an average rating of “Moderate Buy” and a consensus target price of $11.21.

Payoneer Global Stock Performance

Shares of NASDAQ:PAYO opened at $9.87 on Friday. The firm has a market cap of $3.52 billion, a PE ratio of 28.20 and a beta of 0.92. Payoneer Global Inc. has a twelve month low of $4.22 and a twelve month high of $11.29. The business has a fifty day moving average of $10.38 and a 200-day moving average of $8.11.

Payoneer Global (NASDAQ:PAYO) last released its quarterly earnings results on Tuesday, November 5th. The company reported $0.11 EPS for the quarter, beating the consensus estimate of $0.04 by $0.07. Payoneer Global had a net margin of 13.82% and a return on equity of 17.78%. The business had revenue of $248.30 million for the quarter, compared to analysts’ expectations of $225.44 million. During the same period in the prior year, the firm earned $0.05 earnings per share. Payoneer Global’s revenue was up 19.4% compared to the same quarter last year. On average, analysts anticipate that Payoneer Global Inc. will post 0.35 EPS for the current fiscal year.

Insider Activity

In other news, CAO Itai Perry sold 4,100 shares of the stock in a transaction on Tuesday, October 15th. The stock was sold at an average price of $8.00, for a total value of $32,800.00. Following the transaction, the chief accounting officer now owns 228,738 shares of the company’s stock, valued at $1,829,904. This represents a 1.76 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, insider Tsafi Goldman sold 96,350 shares of the company’s stock in a transaction dated Thursday, January 2nd. The shares were sold at an average price of $10.07, for a total value of $970,244.50. Following the completion of the sale, the insider now owns 741,748 shares of the company’s stock, valued at $7,469,402.36. This represents a 11.50 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 7,918,725 shares of company stock valued at $81,647,314. Company insiders own 5.57% of the company’s stock.

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.