Cibc World Markets Corp Acquires Shares of 27,155 Payoneer Global Inc. (NASDAQ:PAYO)

Cibc World Markets Corp bought a new position in Payoneer Global Inc. (NASDAQ:PAYO) in the 4th quarter, Holdings Channel.com reports. The firm bought 27,155 shares of the company’s stock, valued at approximately $273,000.

A number of other large investors have also modified their holdings of PAYO. Smartleaf Asset Management LLC boosted its holdings in Payoneer Global by 405.8% in the 4th quarter. Smartleaf Asset Management LLC now owns 3,819 shares of the company’s stock worth $38,000 after acquiring an additional 3,064 shares during the period. Fifth Third Bancorp boosted its stake in shares of Payoneer Global by 29.3% in the fourth quarter. Fifth Third Bancorp now owns 4,488 shares of the company’s stock valued at $45,000 after purchasing an additional 1,016 shares during the period. Blue Trust Inc. boosted its stake in shares of Payoneer Global by 21.2% in the fourth quarter. Blue Trust Inc. now owns 5,380 shares of the company’s stock valued at $54,000 after purchasing an additional 940 shares during the period. GAMMA Investing LLC grew its holdings in Payoneer Global by 41.7% during the 4th quarter. GAMMA Investing LLC now owns 8,241 shares of the company’s stock valued at $83,000 after purchasing an additional 2,425 shares in the last quarter. Finally, Rialto Wealth Management LLC acquired a new position in Payoneer Global in the 4th quarter worth $105,000. Institutional investors and hedge funds own 82.22% of the company’s stock.

Analysts Set New Price Targets

Several analysts have recently weighed in on the company. Keefe, Bruyette & Woods lowered their target price on Payoneer Global from $11.00 to $10.00 and set a “market perform” rating for the company in a research note on Friday, February 28th. Wolfe Research lowered Payoneer Global from an “outperform” rating to a “peer perform” rating in a research note on Wednesday, January 8th. Northland Securities upped their target price on Payoneer Global from $13.00 to $14.00 and gave the company an “outperform” rating in a research report on Friday, December 6th. Deutsche Bank Aktiengesellschaft assumed coverage on shares of Payoneer Global in a research report on Monday, February 3rd. They set a “buy” rating and a $13.00 price target for the company. Finally, Citigroup upped their price target on shares of Payoneer Global from $14.50 to $16.50 and gave the company a “buy” rating in a report on Tuesday, March 4th. Two investment analysts have rated the stock with a hold rating, six have issued a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, Payoneer Global currently has a consensus rating of “Moderate Buy” and a consensus target price of $13.07.

Payoneer Global Stock Performance

NASDAQ PAYO opened at $7.78 on Wednesday. Payoneer Global Inc. has a one year low of $4.66 and a one year high of $11.29. The company has a 50-day simple moving average of $9.41 and a 200-day simple moving average of $9.32. The firm has a market capitalization of $2.80 billion, a PE ratio of 22.23, a price-to-earnings-growth ratio of 2.88 and a beta of 0.97.

Payoneer Global (NASDAQ:PAYO) last issued its earnings results on Thursday, February 27th. The company reported $0.05 EPS for the quarter, missing analysts’ consensus estimates of $0.06 by ($0.01). The company had revenue of $261.74 million during the quarter, compared to analyst estimates of $242.14 million. Payoneer Global had a net margin of 13.82% and a return on equity of 17.78%. During the same quarter in the previous year, the firm earned $0.05 earnings per share. Equities analysts forecast that Payoneer Global Inc. will post 0.34 earnings per share for the current year.

Insider Buying and Selling

In other news, insider Tsafi Goldman sold 96,350 shares of the business’s stock in a transaction that occurred on Thursday, January 2nd. The stock was sold at an average price of $10.07, for a total transaction of $970,244.50. Following the completion of the transaction, the insider now directly owns 741,748 shares in the company, valued at approximately $7,469,402.36. The trade was a 11.50 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, CFO Beatrice Ordonez sold 85,000 shares of the firm’s stock in a transaction that occurred on Tuesday, January 21st. The shares were sold at an average price of $10.40, for a total value of $884,000.00. Following the completion of the sale, the chief financial officer now 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 disclosure for this sale can be found here. 5.57% of the stock is owned by company insiders.

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.