Canada Pension Plan Investment Board Takes Position in Payoneer Global Inc. $PAYO

Canada Pension Plan Investment Board acquired a new stake in Payoneer Global Inc. (NASDAQ:PAYO) in the 2nd quarter, Holdings Channel reports. The fund acquired 89,000 shares of the company’s stock, valued at approximately $634,000.

Other institutional investors also recently bought and sold shares of the company. Leonteq Securities AG grew its position in Payoneer Global by 72.0% during the 1st quarter. Leonteq Securities AG now owns 6,496 shares of the company’s stock worth $31,000 after purchasing an additional 2,720 shares during the last quarter. Osaic Holdings Inc. raised its holdings in shares of Payoneer Global by 246.5% in the second quarter. Osaic Holdings Inc. now owns 4,636 shares of the company’s stock worth $33,000 after buying an additional 3,298 shares during the last quarter. GAMMA Investing LLC raised its holdings in shares of Payoneer Global by 73.8% in the second quarter. GAMMA Investing LLC now owns 5,777 shares of the company’s stock worth $41,000 after buying an additional 2,453 shares during the last quarter. Resonant Capital Advisors LLC purchased a new position in shares of Payoneer Global in the first quarter worth $49,000. Finally, CWM LLC lifted its stake in shares of Payoneer Global by 178.6% during the fourth quarter. CWM LLC now owns 9,384 shares of the company’s stock worth $53,000 after buying an additional 6,016 shares during the period. 82.22% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several research firms recently issued reports on PAYO. Keefe, Bruyette & Woods downgraded Payoneer Global from a “moderate buy” rating to a “hold” rating in a research report on Monday, June 15th. Deutsche Bank Aktiengesellschaft downgraded Payoneer Global from a “buy” rating to a “hold” rating in a research note on Friday, August 7th. Needham & Company LLC lowered Payoneer Global from a “buy” rating to a “hold” rating in a report on Monday, June 15th. Northland Securities set a $7.40 price objective on Payoneer Global in a research note on Monday, June 15th. Finally, Citigroup downgraded Payoneer Global from a “buy” rating to a “neutral” rating and decreased their target price for the stock from $10.00 to $7.40 in a report on Tuesday, June 16th. One equities research analyst has rated the stock with a Buy rating and eight have assigned a Hold rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average price target of $7.40.

Payoneer Global Price Performance

PAYO stock opened at $7.10 on Wednesday. The firm’s fifty day simple moving average is $7.11 and its 200-day simple moving average is $5.85. The company has a market capitalization of $2.41 billion, a P/E ratio of 50.72, a price-to-earnings-growth ratio of 1.49 and a beta of 0.94. Payoneer Global Inc. has a 12 month low of $4.08 and a 12 month high of $7.18.

Payoneer Global (NASDAQ:PAYO) last issued its earnings results on Thursday, August 6th. The company reported ($0.01) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.06 by ($0.07). Payoneer Global had a return on equity of 9.97% and a net margin of 4.65%.The business had revenue of $274.26 million for the quarter, compared to analysts’ expectations of $270.98 million. During the same period last year, the business earned $0.05 EPS. The company’s revenue for the quarter was up 5.2% on a year-over-year basis. As a group, sell-side analysts forecast that Payoneer Global Inc. will post 0.2 earnings per share for the current year.

Insider Buying and Selling

In other Payoneer Global news, CFO Beatrice Ordonez sold 25,000 shares of the company’s stock in a transaction on Monday, June 15th. The shares were sold at an average price of $7.01, for a total value of $175,250.00. Following the sale, the chief financial officer directly owned 2,887,266 shares of the company’s stock, valued at approximately $20,239,734.66. This represents a 0.86% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders own 2.06% of the company’s stock.

Payoneer Global Company Profile

Payoneer Global (NASDAQ: PAYO) operates a digital payments platform that enables businesses, marketplaces and professionals to send and receive cross-border payments. The company’s core offerings include multi-currency receiving accounts, mass payout services and working capital solutions. Through its platform, Payoneer facilitates global transactions by connecting payors and payees across a network of local bank transfers, card payouts and digital wallets, supporting the seamless movement of funds in over 150 currencies.

Founded in 2005, Payoneer has grown from a small fintech venture into a widely adopted payments infrastructure provider that serves clients in more than 200 countries and territories.