Federated Hermes Inc. Takes $29,000 Position in Payoneer Global Inc. (NASDAQ:PAYO)

Federated Hermes Inc. purchased a new position in shares of Payoneer Global Inc. (NASDAQ:PAYO) during the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor purchased 5,571 shares of the company’s stock, valued at approximately $29,000.

Several other institutional investors and hedge funds have also added to or reduced their stakes in PAYO. C M Bidwell & Associates Ltd. purchased a new stake in shares of Payoneer Global in the third quarter worth approximately $39,000. PNC Financial Services Group Inc. grew its stake in shares of Payoneer Global by 74.3% in the 3rd quarter. PNC Financial Services Group Inc. now owns 8,241 shares of the company’s stock worth $50,000 after acquiring an additional 3,512 shares in the last quarter. Pathstone Family Office LLC purchased a new stake in shares of Payoneer Global in the third quarter valued at about $75,000. Teza Capital Management LLC bought a new position in shares of Payoneer Global during the third quarter valued at about $157,000. Finally, Prudent Man Advisors LLC bought a new stake in Payoneer Global in the 3rd quarter worth about $231,000. Institutional investors own 82.22% of the company’s stock.

Wall Street Analyst Weigh In

PAYO has been the topic of several recent analyst reports. 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. Needham & Company LLC lowered their target price on Payoneer Global from $8.00 to $7.00 and set a “buy” rating on the stock in a research note on Monday, April 1st. The Goldman Sachs Group reduced their price target on shares of Payoneer Global from $7.00 to $6.00 and set a “buy” rating for the company in a research report on Thursday, January 11th. Cantor Fitzgerald reduced their target price on shares of Payoneer Global from $8.00 to $7.00 and set an “overweight” rating for the company in a research report on Friday, March 1st. Finally, Keefe, Bruyette & Woods lowered their price target on shares of Payoneer Global from $7.00 to $6.00 and set an “outperform” rating on the stock in a report on Thursday, February 29th. Seven equities research analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, the company has an average rating of “Buy” and an average price target of $6.57.

Payoneer Global Price Performance

Payoneer Global stock opened at $5.22 on Wednesday. The firm has a market capitalization of $1.92 billion, a P/E ratio of 21.75 and a beta of 0.77. Payoneer Global Inc. has a one year low of $4.02 and a one year high of $6.48. The company has a debt-to-equity ratio of 0.03, a current ratio of 1.09 and a quick ratio of 1.09. The business has a fifty day moving average price of $4.80 and a 200-day moving average price of $5.06.

Payoneer Global (NASDAQ:PAYO) last posted its earnings results on Wednesday, February 28th. The company reported $0.05 earnings per share for the quarter, meeting analysts’ consensus estimates 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 during the quarter, compared to analyst estimates of $223.65 million. As a group, equities research analysts forecast that Payoneer Global Inc. will post 0.2 EPS for the current year.

Insider Buying and Selling at Payoneer Global

In related news, insider Tsafi Goldman sold 61,464 shares of the stock in a transaction on Thursday, February 15th. The stock was sold at an average price of $5.43, for a total value of $333,749.52. Following the sale, the insider now owns 870,832 shares in the company, valued at $4,728,617.76. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. In related news, insider Tsafi Goldman sold 61,464 shares of the firm’s stock in a transaction that occurred on Thursday, February 15th. The shares were sold at an average price of $5.43, for a total value of $333,749.52. Following the sale, the insider now directly owns 870,832 shares of the company’s stock, valued at $4,728,617.76. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Scott H. Galit sold 340,120 shares of the stock in a transaction on Tuesday, March 12th. The stock was sold at an average price of $4.51, for a total transaction of $1,533,941.20. Following the completion of the transaction, the director now directly owns 3,127,981 shares in the company, valued at approximately $14,107,194.31. The disclosure for this sale can be found here. Insiders sold a total of 1,231,424 shares of company stock valued at $5,865,310 in the last three months. Company insiders own 5.57% of the company’s stock.

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.