Dynamic Technology Lab Private Ltd Raises Position in Payoneer Global Inc. (NASDAQ:PAYO)

Dynamic Technology Lab Private Ltd grew its position in shares of Payoneer Global Inc. (NASDAQ:PAYO) by 216.3% during the fourth quarter, according to its most recent filing with the SEC. The firm owned 124,954 shares of the company’s stock after acquiring an additional 85,450 shares during the period. Dynamic Technology Lab Private Ltd’s holdings in Payoneer Global were worth $651,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in PAYO. New York State Common Retirement Fund grew its stake in Payoneer Global by 2.2% in the third quarter. New York State Common Retirement Fund now owns 92,563 shares of the company’s stock worth $566,000 after purchasing an additional 2,007 shares during the period. Yousif Capital Management LLC grew its position in shares of Payoneer Global by 1.8% in the 4th quarter. Yousif Capital Management LLC now owns 129,060 shares of the company’s stock worth $672,000 after buying an additional 2,320 shares during the period. Van ECK Associates Corp increased its stake in shares of Payoneer Global by 6.8% in 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 in the last quarter. Mutual of America Capital Management LLC lifted its position in Payoneer Global by 13.2% during the 3rd quarter. Mutual of America Capital Management LLC now owns 45,322 shares of the company’s stock valued at $277,000 after acquiring an additional 5,276 shares during the period. Finally, Federated Hermes Inc. bought a new stake in Payoneer Global during the fourth quarter worth about $29,000. Hedge funds and other institutional investors own 82.22% of the company’s stock.

Insider Activity at Payoneer Global

In other Payoneer Global news, Director Scott H. Galit sold 355,717 shares of the firm’s stock in a transaction dated Tuesday, March 26th. The stock was sold at an average price of $4.71, for a total value of $1,675,427.07. Following the transaction, the director now directly owns 3,127,981 shares of the company’s stock, valued at $14,732,790.51. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. In related news, CAO Itai Perry sold 6,000 shares of Payoneer Global stock in a transaction on Tuesday, May 21st. The stock was sold at an average price of $6.00, for a total transaction of $36,000.00. Following the transaction, the chief accounting officer now directly owns 233,639 shares in the company, valued at $1,401,834. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Scott H. Galit sold 355,717 shares of the company’s stock in a transaction dated Tuesday, March 26th. The stock was sold at an average price of $4.71, for a total value of $1,675,427.07. Following the completion of the sale, the director now owns 3,127,981 shares of the company’s stock, valued at approximately $14,732,790.51. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 1,183,912 shares of company stock worth $5,628,675. 5.57% of the stock is owned by insiders.

Payoneer Global Trading Down 0.7 %

Shares of NASDAQ:PAYO opened at $5.90 on Friday. Payoneer Global Inc. has a 1 year low of $4.02 and a 1 year high of $6.48. The stock’s fifty day moving average price is $5.10 and its 200-day moving average price is $5.08. The company has a market cap of $2.20 billion, a P/E ratio of 19.67 and a beta of 0.77. The company has a debt-to-equity ratio of 0.02, a current ratio of 1.09 and a quick ratio of 1.09.

Payoneer Global (NASDAQ:PAYO) last released its quarterly earnings data on Wednesday, May 8th. The company reported $0.08 earnings per share for the quarter, beating the consensus estimate of $0.05 by $0.03. Payoneer Global had a net margin of 13.19% and a return on equity of 17.56%. The firm had revenue of $228.20 million during the quarter, compared to analysts’ expectations of $211.63 million. During the same period in the previous year, the company earned $0.02 earnings per share. The firm’s quarterly revenue was up 18.9% on a year-over-year basis. Sell-side analysts expect that Payoneer Global Inc. will post 0.24 earnings per share for the current year.

Wall Street Analysts Forecast Growth

A number of equities analysts have weighed in on PAYO shares. Needham & Company LLC raised their target price on shares of Payoneer Global from $7.00 to $8.00 and gave the company a “buy” rating in a research note on Thursday, May 9th. Benchmark restated a “buy” rating and issued a $9.00 price target on shares of Payoneer Global in a research note on Tuesday, May 14th. Citigroup lowered their price objective on Payoneer Global from $7.50 to $6.00 and set a “buy” rating for the company in a research note on Thursday, March 21st. Cantor Fitzgerald cut their target price 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. Finally, Keefe, Bruyette & Woods dropped their price target on shares of Payoneer Global from $7.00 to $6.00 and set an “outperform” rating on the stock in a research note on Thursday, February 29th. Seven analysts have rated the stock with a buy rating, According to data from MarketBeat, Payoneer Global has an average rating of “Buy” and an average price target of $7.00.

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.