Counterpoint Mutual Funds LLC Invests $1.81 Million in Payoneer Global Inc. (NASDAQ:PAYO)

Counterpoint Mutual Funds LLC purchased a new stake in Payoneer Global Inc. (NASDAQ:PAYO) during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm purchased 180,145 shares of the company’s stock, valued at approximately $1,809,000. Payoneer Global comprises 0.2% of Counterpoint Mutual Funds LLC’s portfolio, making the stock its 21st largest holding. Counterpoint Mutual Funds LLC owned 0.05% of Payoneer Global at the end of the most recent quarter.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Robeco Institutional Asset Management B.V. acquired a new position in shares of Payoneer Global in the 4th quarter valued at approximately $1,233,000. Y Intercept Hong Kong Ltd purchased a new position in Payoneer Global in the fourth quarter worth $1,276,000. FMR LLC increased its stake in shares of Payoneer Global by 17.2% in the third quarter. FMR LLC now owns 1,129,312 shares of the company’s stock worth $8,504,000 after purchasing an additional 165,913 shares in the last quarter. Entropy Technologies LP bought a new position in Payoneer Global in the 4th quarter valued at $540,000. Finally, Allspring Global Investments Holdings LLC raised its position in Payoneer Global by 133.5% during the fourth 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 in the last quarter. Institutional investors own 82.22% of the company’s stock.

Payoneer Global Stock Up 1.4 %

Shares of PAYO opened at $7.20 on Monday. The firm’s fifty day moving average is $9.76 and its two-hundred day moving average is $9.30. The stock has a market cap of $2.59 billion, a PE ratio of 20.57, a price-to-earnings-growth ratio of 2.88 and a beta of 0.97. Payoneer Global Inc. has a 52-week low of $4.22 and a 52-week high of $11.29.

Payoneer Global (NASDAQ:PAYO) last posted its quarterly earnings data on Thursday, February 27th. The company reported $0.05 earnings per share (EPS) 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 firm had revenue of $261.74 million during the quarter, compared to analysts’ expectations of $242.14 million. During the same quarter in the prior year, the firm posted $0.05 EPS. As a group, research analysts anticipate that Payoneer Global Inc. will post 0.34 earnings per share for the current year.

Insider Activity

In other Payoneer Global news, insider Tsafi Goldman sold 96,350 shares of the company’s stock in a transaction on Thursday, January 2nd. The shares were 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 owns 741,748 shares in the company, valued at approximately $7,469,402.36. This represents a 11.50 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CFO Beatrice Ordonez sold 85,000 shares of the business’s stock in a transaction dated Tuesday, January 21st. The stock was sold at an average price of $10.40, for a total transaction of $884,000.00. Following the transaction, the chief financial officer now owns 2,305,245 shares in the company, valued at approximately $23,974,548. This trade represents a 3.56 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 5.57% of the company’s stock.

Analyst Ratings Changes

Several equities analysts recently issued reports on the stock. 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 on the stock. Northland Securities lifted their price objective on Payoneer Global from $13.00 to $14.00 and gave the stock an “outperform” rating in a report on Friday, December 6th. Citigroup boosted their price objective on Payoneer Global from $14.50 to $16.50 and gave the company a “buy” rating in a research note on Tuesday, March 4th. Keefe, Bruyette & Woods decreased their target price on shares of Payoneer Global from $11.00 to $10.00 and set a “market perform” rating on the stock in a research note on Friday, February 28th. Finally, Wolfe Research lowered Payoneer Global from an “outperform” rating to a “peer perform” rating in a research note on Wednesday, January 8th. Two equities research analysts have rated the stock with a hold rating, six have given a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $13.07.

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.