Payoneer Global Inc. $PAYO Shares Sold by Swiss National Bank

Swiss National Bank lowered its position in shares of Payoneer Global Inc. (NASDAQ:PAYO) by 8.0% during the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 552,700 shares of the company’s stock after selling 48,100 shares during the quarter. Swiss National Bank owned about 0.15% of Payoneer Global worth $4,040,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently bought and sold shares of PAYO. LPL Financial LLC raised its stake in Payoneer Global by 14.4% during the fourth quarter. LPL Financial LLC now owns 33,520 shares of the company’s stock valued at $337,000 after buying an additional 4,230 shares in the last quarter. Wells Fargo & Company MN raised its stake in Payoneer Global by 47.4% during the fourth quarter. Wells Fargo & Company MN now owns 144,336 shares of the company’s stock valued at $1,449,000 after buying an additional 46,420 shares in the last quarter. Bank of Montreal Can raised its stake in Payoneer Global by 8.6% during the fourth quarter. Bank of Montreal Can now owns 28,613 shares of the company’s stock valued at $287,000 after buying an additional 2,258 shares in the last quarter. Invesco Ltd. raised its stake in Payoneer Global by 16.6% during the fourth quarter. Invesco Ltd. now owns 991,268 shares of the company’s stock valued at $9,952,000 after buying an additional 141,376 shares in the last quarter. Finally, Barclays PLC raised its stake in Payoneer Global by 6.2% during the fourth quarter. Barclays PLC now owns 529,641 shares of the company’s stock valued at $5,318,000 after buying an additional 30,914 shares in the last quarter. Institutional investors and hedge funds own 82.22% of the company’s stock.

Analysts Set New Price Targets

Several research firms have recently commented on PAYO. Wall Street Zen raised Payoneer Global from a “sell” rating to a “hold” rating in a report on Saturday, August 16th. Jefferies Financial Group upped their target price on Payoneer Global from $8.00 to $8.50 and gave the company a “buy” rating in a report on Tuesday, May 27th. Citigroup reaffirmed a “buy” rating and set a $10.00 target price (down from $13.00) on shares of Payoneer Global in a report on Thursday, May 22nd. Needham & Company LLC upped their target price on Payoneer Global from $8.00 to $10.00 and gave the company a “buy” rating in a report on Wednesday, August 6th. Finally, Keefe, Bruyette & Woods raised Payoneer Global from a “market perform” rating to an “outperform” rating and upped their target price for the company from $7.00 to $9.00 in a report on Tuesday, May 13th. Eight investment analysts have rated the stock with a Buy rating and one has given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $10.06.

Payoneer Global Trading Down 0.9%

Shares of NASDAQ PAYO opened at $6.65 on Thursday. The stock has a 50 day simple moving average of $6.74 and a 200-day simple moving average of $7.35. The company has a market cap of $2.40 billion, a PE ratio of 25.58, a P/E/G ratio of 8.83 and a beta of 0.97. Payoneer Global Inc. has a 12-month low of $5.71 and a 12-month high of $11.29.

Payoneer Global (NASDAQ:PAYO) last issued its quarterly earnings data on Wednesday, August 6th. The company reported $0.05 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.06 by ($0.01). The business had revenue of $260.61 million for the quarter, compared to analyst estimates of $253.17 million. Payoneer Global had a return on equity of 13.42% and a net margin of 9.81%.The business’s quarterly revenue was up 8.8% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.09 earnings per share. Sell-side analysts forecast that Payoneer Global Inc. will post 0.34 earnings per share for the current fiscal year.

Insider Activity

In other news, Director Susanna Morgan sold 16,180 shares of the business’s stock in a transaction that occurred on Monday, June 2nd. The stock was sold at an average price of $6.77, for a total transaction of $109,538.60. Following the completion of the transaction, the director directly owned 80,902 shares in the company, valued at approximately $547,706.54. The trade was a 16.67% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Corporate insiders own 2.58% of the company’s stock.

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.