Zurcher Kantonalbank Zurich Cantonalbank Acquires 12,403 Shares of Payoneer Global Inc. (NASDAQ:PAYO)

Zurcher Kantonalbank Zurich Cantonalbank raised its holdings in Payoneer Global Inc. (NASDAQ:PAYO) by 23.7% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 64,796 shares of the company’s stock after acquiring an additional 12,403 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank’s holdings in Payoneer Global were worth $338,000 at the end of the most recent quarter.

Several other institutional investors have also recently bought and sold shares of PAYO. New York State Common Retirement Fund lifted its stake in shares of Payoneer Global by 2.2% in the 3rd quarter. New York State Common Retirement Fund now owns 92,563 shares of the company’s stock valued at $566,000 after acquiring an additional 2,007 shares during the last quarter. PNC Financial Services Group Inc. boosted its position in Payoneer Global by 74.3% during the 3rd quarter. PNC Financial Services Group Inc. now owns 8,241 shares of the company’s stock worth $50,000 after buying an additional 3,512 shares during the period. Van ECK Associates Corp grew its holdings in Payoneer Global by 6.8% during the 3rd quarter. Van ECK Associates Corp now owns 57,430 shares of the company’s stock worth $351,000 after acquiring an additional 3,653 shares during the last quarter. Mutual of America Capital Management LLC grew its stake in shares of Payoneer Global by 13.2% in the third quarter. Mutual of America Capital Management LLC now owns 45,322 shares of the company’s stock worth $277,000 after purchasing an additional 5,276 shares during the last quarter. Finally, Barclays PLC increased its holdings in Payoneer Global by 4.6% in the third quarter. Barclays PLC now owns 139,341 shares of the company’s stock valued at $853,000 after purchasing an additional 6,070 shares during the period. Institutional investors and hedge funds own 82.22% of the company’s stock.

Payoneer Global Price Performance

Shares of NASDAQ PAYO opened at $5.08 on Friday. The stock has a market cap of $1.87 billion, a price-to-earnings ratio of 21.17 and a beta of 0.77. The company has a debt-to-equity ratio of 0.03, a quick ratio of 1.09 and a current ratio of 1.09. Payoneer Global Inc. has a fifty-two week low of $4.02 and a fifty-two week high of $6.48. The firm’s 50-day simple moving average is $4.81 and its 200 day simple moving average is $5.08.

Payoneer Global (NASDAQ:PAYO) last issued its quarterly earnings data on Wednesday, February 28th. The company reported $0.05 earnings per share for the quarter, meeting the consensus estimate of $0.05. Payoneer Global had a return on equity of 14.80% and a net margin of 11.23%. The business had revenue of $224.32 million for the quarter, compared to analysts’ expectations of $223.65 million. As a group, research analysts anticipate that Payoneer Global Inc. will post 0.2 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

A number of analysts have weighed in on the stock. Keefe, Bruyette & Woods decreased their target price on shares of Payoneer Global from $7.00 to $6.00 and set an “outperform” rating for the company in a research report on Thursday, February 29th. Cantor Fitzgerald dropped their price objective on Payoneer Global from $8.00 to $7.00 and set an “overweight” rating on the stock in a research note on Friday, March 1st. The Goldman Sachs Group decreased their target price on Payoneer Global from $7.00 to $6.00 and set a “buy” rating for the company in a research note on Thursday, January 11th. Citigroup dropped their target price on shares of Payoneer Global from $7.50 to $6.00 and set a “buy” rating on the stock in a research report on Thursday, March 21st. Finally, Benchmark restated a “buy” rating and issued a $7.00 price target on shares of Payoneer Global in a report on Tuesday, March 26th. Seven equities research analysts have rated the stock with a buy rating, According to data from MarketBeat, the company currently has an average rating of “Buy” and a consensus target price of $6.57.

Insider Buying and Selling

In other news, Director Scott H. Galit sold 191,283 shares of the company’s stock in a transaction that occurred on Wednesday, April 10th. The stock was sold at an average price of $4.85, for a total value of $927,722.55. Following the completion of the transaction, the director now directly owns 2,476,139 shares of the company’s stock, valued at $12,009,274.15. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. In other Payoneer Global news, Director Scott H. Galit sold 12,447 shares of the business’s stock in a transaction on Tuesday, February 6th. The shares were sold at an average price of $4.88, for a total transaction of $60,741.36. Following the sale, the director now owns 3,190,571 shares of the company’s stock, valued at approximately $15,569,986.48. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Scott H. Galit sold 191,283 shares of the stock in a transaction on Wednesday, April 10th. The stock was sold at an average price of $4.85, for a total value of $927,722.55. Following the sale, the director now owns 2,476,139 shares in the company, valued at approximately $12,009,274.15. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 1,231,650 shares of company stock worth $5,862,136. 5.57% of the stock is owned by 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.