Vanguard Group Inc. Boosts Stake in Payoneer Global Inc. (NASDAQ:PAYO)

Vanguard Group Inc. boosted its holdings in shares of Payoneer Global Inc. (NASDAQ:PAYOFree Report) by 2.8% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 28,579,172 shares of the company’s stock after acquiring an additional 787,509 shares during the period. Vanguard Group Inc. owned 7.75% of Payoneer Global worth $148,897,000 at the end of the most recent reporting period.

A number of other hedge funds also recently bought and sold shares of the business. Teza Capital Management LLC purchased a new stake in shares of Payoneer Global in the third quarter valued at approximately $157,000. Jacobs Levy Equity Management Inc. grew its holdings in Payoneer Global by 85.1% in the 3rd quarter. Jacobs Levy Equity Management Inc. now owns 2,979,701 shares of the company’s stock valued at $18,236,000 after buying an additional 1,370,007 shares in the last quarter. Hudson Bay Capital Management LP raised its holdings in shares of Payoneer Global by 100.0% during the 3rd quarter. Hudson Bay Capital Management LP now owns 600,000 shares of the company’s stock worth $3,672,000 after acquiring an additional 300,000 shares during the period. Harbor Capital Advisors Inc. boosted its position in shares of Payoneer Global by 32.6% during the 4th quarter. Harbor Capital Advisors Inc. now owns 174,510 shares of the company’s stock valued at $909,000 after acquiring an additional 42,862 shares during the last quarter. Finally, Insight Wealth Strategies LLC grew its holdings in shares of Payoneer Global by 13.9% in the fourth quarter. Insight Wealth Strategies LLC now owns 129,062 shares of the company’s stock valued at $672,000 after purchasing an additional 15,743 shares during the period. Institutional investors and hedge funds own 82.22% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages have recently issued reports on PAYO. Citigroup cut their price target on shares of Payoneer Global from $7.50 to $6.00 and set a “buy” rating for the company in a report on Thursday, March 21st. Benchmark restated a “buy” rating and issued a $9.00 target price on shares of Payoneer Global in a research report on Tuesday, May 14th. Finally, Needham & Company LLC increased their price target on Payoneer Global from $7.00 to $8.00 and gave the stock a “buy” rating in a report on Thursday, May 9th. Seven research analysts have rated the stock with a buy rating, According to data from MarketBeat.com, the stock presently has a consensus rating of “Buy” and an average target price of $7.00.

Check Out Our Latest Research Report on Payoneer Global

Payoneer Global Stock Performance

Shares of Payoneer Global stock opened at $5.47 on Friday. The stock has a market capitalization of $2.04 billion, a price-to-earnings ratio of 18.23 and a beta of 0.82. The company has a debt-to-equity ratio of 0.02, a current ratio of 1.09 and a quick ratio of 1.09. The business has a 50-day moving average of $5.62 and a 200 day moving average of $5.15. Payoneer Global Inc. has a 12 month low of $4.22 and a 12 month high of $6.48.

Payoneer Global (NASDAQ:PAYOGet Free Report) last announced its quarterly earnings data on Wednesday, May 8th. The company reported $0.08 earnings per share for the quarter, beating analysts’ consensus estimates of $0.05 by $0.03. The firm had revenue of $228.20 million during the quarter, compared to analysts’ expectations of $211.63 million. Payoneer Global had a net margin of 13.19% and a return on equity of 17.56%. The business’s quarterly revenue was up 18.9% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.02 earnings per share. As a group, sell-side analysts forecast that Payoneer Global Inc. will post 0.24 earnings per share for the current year.

Insider Transactions at Payoneer Global

In related news, CAO Itai Perry sold 6,000 shares of Payoneer Global stock in a transaction that occurred on Tuesday, May 21st. The shares were sold at an average price of $6.00, for a total value of $36,000.00. Following the completion of the transaction, the chief accounting officer now owns 233,639 shares in the company, valued at $1,401,834. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In related news, CAO Itai Perry sold 6,000 shares of the stock in a transaction on Tuesday, May 21st. The stock was sold at an average price of $6.00, for a total value of $36,000.00. Following the transaction, the chief accounting officer now owns 233,639 shares of the company’s stock, valued at $1,401,834. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director Scott H. Galit sold 352,165 shares of Payoneer Global stock in a transaction dated Monday, July 1st. The stock was sold at an average price of $5.43, for a total value of $1,912,255.95. Following the sale, the director now directly owns 2,122,421 shares of the company’s stock, valued at $11,524,746.03. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 854,313 shares of company stock valued at $4,413,327. 5.57% of the stock is currently owned by corporate insiders.

Payoneer Global Profile

(Free Report)

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.

See Also

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Institutional Ownership by Quarter for Payoneer Global (NASDAQ:PAYO)

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