Bay Colony Advisory Group Inc d b a Bay Colony Advisors Takes Position in Payoneer Global Inc. (NASDAQ:PAYO)

Bay Colony Advisory Group Inc d b a Bay Colony Advisors bought a new stake in Payoneer Global Inc. (NASDAQ:PAYO) during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor bought 13,902 shares of the company’s stock, valued at approximately $140,000.

Other large investors also recently made changes to their positions in the company. Robeco Institutional Asset Management B.V. acquired a new position in shares of Payoneer Global in the 4th quarter valued at about $1,233,000. Y Intercept Hong Kong Ltd acquired a new position in shares of Payoneer Global in the 4th quarter valued at about $1,276,000. FMR LLC increased its holdings in shares of Payoneer Global by 17.2% in the 3rd quarter. FMR LLC now owns 1,129,312 shares of the company’s stock valued at $8,504,000 after purchasing an additional 165,913 shares during the period. Allspring Global Investments Holdings LLC increased its holdings 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 purchasing an additional 55,766 shares during the period. Finally, Charles Schwab Investment Management Inc. increased its holdings 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 purchasing an additional 67,255 shares during the period. Institutional investors and hedge funds own 82.22% of the company’s stock.

Insider Activity

In other news, CFO Beatrice Ordonez sold 85,000 shares of the stock in a transaction that occurred 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 sale, the chief financial officer now directly owns 2,305,245 shares of the company’s stock, valued at approximately $23,974,548. This represents a 3.56 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Tsafi Goldman sold 263,873 shares of the stock in a transaction that occurred on Tuesday, December 10th. The shares were sold at an average price of $10.10, for a total value of $2,665,117.30. Following the completion of the sale, the insider now directly owns 741,748 shares of the company’s stock, valued at $7,491,654.80. This represents a 26.24 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders sold 445,223 shares of company stock valued at $4,519,362. 5.57% of the stock is owned by company insiders.

Payoneer Global Stock Down 4.2 %

Shares of Payoneer Global stock opened at $7.48 on Friday. The stock has a market capitalization of $2.67 billion, a P/E ratio of 21.37, a PEG ratio of 2.88 and a beta of 0.97. The stock has a 50 day moving average price of $10.06 and a two-hundred day moving average price of $9.29. Payoneer Global Inc. has a 12-month low of $4.22 and a 12-month high of $11.29.

Payoneer Global (NASDAQ:PAYO) last announced its earnings results on Thursday, February 27th. The company reported $0.05 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.06 by ($0.01). The company had revenue of $261.74 million for the quarter, compared to the consensus estimate of $242.14 million. Payoneer Global had a return on equity of 17.78% and a net margin of 13.82%. During the same period in the previous year, the company earned $0.05 EPS. Sell-side analysts anticipate that Payoneer Global Inc. will post 0.34 earnings per share for the current year.

Analyst Ratings Changes

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

About Payoneer Global

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.