Private Advisor Group LLC Sells 25,356 Shares of Payoneer Global Inc. (NASDAQ:PAYO)

Private Advisor Group LLC trimmed its position in shares of Payoneer Global Inc. (NASDAQ:PAYO) by 50.3% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 25,034 shares of the company’s stock after selling 25,356 shares during the period. Private Advisor Group LLC’s holdings in Payoneer Global were worth $189,000 as of its most recent SEC filing.

A number of other hedge funds also recently bought and sold shares of the company. Xponance Inc. boosted its holdings in Payoneer Global by 12.1% during the second quarter. Xponance Inc. now owns 17,928 shares of the company’s stock valued at $99,000 after acquiring an additional 1,942 shares during the period. Y.D. More Investments Ltd boosted its holdings in Payoneer Global by 11.7% during the second quarter. Y.D. More Investments Ltd now owns 22,142 shares of the company’s stock valued at $122,000 after acquiring an additional 2,328 shares during the period. Blue Trust Inc. boosted its holdings in Payoneer Global by 135.2% during the third quarter. Blue Trust Inc. now owns 4,440 shares of the company’s stock valued at $33,000 after acquiring an additional 2,552 shares during the period. Texas Permanent School Fund Corp boosted its holdings in Payoneer Global by 1.3% during the first quarter. Texas Permanent School Fund Corp now owns 227,988 shares of the company’s stock valued at $1,108,000 after acquiring an additional 2,958 shares during the period. Finally, Illinois Municipal Retirement Fund boosted its holdings in Payoneer Global by 1.9% during the first quarter. Illinois Municipal Retirement Fund now owns 160,551 shares of the company’s stock valued at $780,000 after acquiring an additional 3,028 shares during the period. 82.22% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In other Payoneer Global news, CAO Itai Perry sold 3,900 shares of the company’s stock in a transaction dated Wednesday, October 9th. The shares were sold at an average price of $8.00, for a total transaction of $31,200.00. Following the sale, the chief accounting officer now directly owns 228,738 shares of the company’s stock, valued at approximately $1,829,904. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. In other news, Director Scott H. Galit sold 150,000 shares of the stock in a transaction that occurred on Wednesday, August 28th. The shares were sold at an average price of $7.07, for a total transaction of $1,060,500.00. Following the sale, the director now directly owns 1,809,674 shares of the company’s stock, valued at $12,794,395.18. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CAO Itai Perry sold 3,900 shares of the stock in a transaction that occurred on Wednesday, October 9th. The shares were sold at an average price of $8.00, for a total transaction of $31,200.00. Following the sale, the chief accounting officer now directly owns 228,738 shares in the company, valued at $1,829,904. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 158,000 shares of company stock valued at $1,124,500. 5.57% of the stock is currently owned by insiders.

Payoneer Global Stock Up 1.2 %

NASDAQ:PAYO opened at $10.81 on Friday. Payoneer Global Inc. has a 12-month low of $4.22 and a 12-month high of $10.90. The firm has a market capitalization of $4.13 billion, a PE ratio of 30.89 and a beta of 0.82. The firm has a 50-day moving average price of $8.01 and a 200 day moving average price of $6.59.

Payoneer Global (NASDAQ:PAYO) last issued its quarterly earnings data on Tuesday, November 5th. The company reported $0.11 earnings per share for the quarter, topping the consensus estimate of $0.04 by $0.07. The firm had revenue of $248.30 million for the quarter, compared to analysts’ expectations of $225.44 million. Payoneer Global had a net margin of 11.25% and a return on equity of 15.28%. The company’s quarterly revenue was up 19.4% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.05 earnings per share. On average, research analysts expect that Payoneer Global Inc. will post 0.25 EPS for the current year.

Analysts Set New Price Targets

A number of research firms have issued reports on PAYO. Benchmark upped their price target on shares of Payoneer Global from $10.00 to $12.00 and gave the company a “buy” rating in a report on Wednesday. Cantor Fitzgerald raised shares of Payoneer Global to a “strong-buy” rating in a research report on Monday, August 12th. Citigroup upped their price objective on shares of Payoneer Global from $7.00 to $8.50 and gave the company a “buy” rating in a research report on Monday, August 12th. Needham & Company LLC upped their price objective on shares of Payoneer Global from $10.00 to $14.00 and gave the company a “buy” rating in a research report on Wednesday. Finally, Keefe, Bruyette & Woods upped their price objective on shares of Payoneer Global from $9.00 to $12.00 and gave the company an “outperform” rating in a research report on Wednesday. Six research analysts have rated the stock with a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, the company has a consensus rating of “Buy” and a consensus price target of $10.79.

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.