Rialto Wealth Management LLC Makes New $105,000 Investment in Payoneer Global Inc. (NASDAQ:PAYO)

Rialto Wealth Management LLC purchased a new stake in Payoneer Global Inc. (NASDAQ:PAYO) during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund purchased 10,410 shares of the company’s stock, valued at approximately $105,000.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Robeco Institutional Asset Management B.V. acquired a new position in shares of Payoneer Global during the 4th quarter valued at $1,233,000. Y Intercept Hong Kong Ltd acquired a new position in shares of Payoneer Global during the fourth quarter valued at about $1,276,000. FMR LLC boosted its position in shares of Payoneer Global by 17.2% during the 3rd 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. Allspring Global Investments Holdings LLC grew its stake in shares of Payoneer Global by 133.5% in the 4th quarter. Allspring Global Investments Holdings LLC now owns 97,538 shares of the company’s stock valued at $990,000 after buying an additional 55,766 shares during the period. Finally, Charles Schwab Investment Management Inc. grew its stake in shares of Payoneer Global by 3.0% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 2,337,156 shares of the company’s stock valued at $17,599,000 after buying an additional 67,255 shares during the period. 82.22% of the stock is currently owned by institutional investors.

Insider Transactions at Payoneer Global

In related news, insider Tsafi Goldman sold 96,350 shares of Payoneer Global stock in a transaction 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 sale, the insider now directly owns 741,748 shares in the company, valued at approximately $7,469,402.36. This trade represents a 11.50 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CFO Beatrice Ordonez sold 85,000 shares of the business’s stock in a transaction on Tuesday, January 21st. The stock was sold at an average price of $10.40, for a total value of $884,000.00. Following the completion of the transaction, the chief financial officer now directly owns 2,305,245 shares in the company, valued at approximately $23,974,548. This represents a 3.56 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 445,223 shares of company stock worth $4,519,362 in the last 90 days. Insiders own 5.57% of the company’s stock.

Payoneer Global Trading Down 4.2 %

Shares of NASDAQ:PAYO opened at $7.48 on Friday. The stock has a market cap of $2.67 billion, a PE ratio of 21.37, a price-to-earnings-growth ratio of 2.88 and a beta of 0.97. The stock’s fifty day simple moving average is $10.06 and its two-hundred day simple moving average is $9.29. Payoneer Global Inc. has a 1-year low of $4.22 and a 1-year high of $11.29.

Payoneer Global (NASDAQ:PAYO) last released its quarterly earnings results on Thursday, February 27th. The company reported $0.05 earnings per share for the quarter, missing analysts’ consensus estimates 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 for the quarter, compared to the consensus estimate of $242.14 million. During the same period in the previous year, the business earned $0.05 earnings per share. On average, sell-side analysts forecast that Payoneer Global Inc. will post 0.34 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

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

Payoneer Global 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.