Payoneer Global Inc. (NASDAQ:PAYO) Shares Purchased by Tidal Investments LLC

Tidal Investments LLC boosted its position in Payoneer Global Inc. (NASDAQ:PAYO) by 4.6% in the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 195,407 shares of the company’s stock after purchasing an additional 8,637 shares during the quarter. Tidal Investments LLC owned about 0.05% of Payoneer Global worth $1,471,000 at the end of the most recent reporting period.

Several other hedge funds have also recently added to or reduced their stakes in the company. Van ECK Associates Corp raised its stake in Payoneer Global by 1.6% in the 3rd quarter. Van ECK Associates Corp now owns 84,209 shares of the company’s stock valued at $634,000 after purchasing an additional 1,306 shares during the last quarter. The Manufacturers Life Insurance Company raised its stake in Payoneer Global by 1.2% in the 3rd quarter. The Manufacturers Life Insurance Company now owns 165,996 shares of the company’s stock valued at $1,250,000 after purchasing an additional 1,907 shares during the last quarter. Xponance Inc. raised its stake in Payoneer Global by 12.1% in the 2nd quarter. Xponance Inc. now owns 17,928 shares of the company’s stock valued at $99,000 after purchasing an additional 1,942 shares during the last quarter. Y.D. More Investments Ltd raised its stake in Payoneer Global by 11.7% in the 2nd quarter. Y.D. More Investments Ltd now owns 22,142 shares of the company’s stock valued at $122,000 after purchasing an additional 2,328 shares during the last quarter. Finally, Blue Trust Inc. increased its stake in shares of Payoneer Global by 135.2% in the 3rd quarter. Blue Trust Inc. now owns 4,440 shares of the company’s stock worth $33,000 after acquiring an additional 2,552 shares during the last quarter. 82.22% of the stock is owned by institutional investors and hedge funds.

Payoneer Global Trading Down 1.7 %

NASDAQ PAYO opened at $10.27 on Wednesday. The stock has a market cap of $3.66 billion, a PE ratio of 29.34 and a beta of 0.90. Payoneer Global Inc. has a twelve month low of $4.22 and a twelve month high of $11.29. The stock has a fifty day simple moving average of $9.72 and a 200-day simple moving average of $7.56.

Payoneer Global (NASDAQ:PAYO) last released its quarterly earnings results on Tuesday, November 5th. The company reported $0.11 earnings per share for the quarter, topping analysts’ consensus estimates of $0.04 by $0.07. Payoneer Global had a return on equity of 17.78% and a net margin of 13.82%. The business had revenue of $248.30 million during the quarter, compared to analysts’ expectations of $225.44 million. During the same period in the prior year, the business posted $0.05 EPS. The company’s revenue was up 19.4% compared to the same quarter last year. Research analysts predict that Payoneer Global Inc. will post 0.35 EPS for the current year.

Analyst Upgrades and Downgrades

A number of brokerages have issued reports on PAYO. The Goldman Sachs Group raised their target price on Payoneer Global from $9.00 to $12.00 and gave the stock a “buy” rating in a research note on Wednesday, November 6th. Northland Securities raised their target price on Payoneer Global from $13.00 to $14.00 and gave the stock an “outperform” rating in a research note on Friday, December 6th. Needham & Company LLC raised their target price on Payoneer Global from $10.00 to $14.00 and gave the stock a “buy” rating in a research note on Wednesday, November 6th. Benchmark raised their target price on Payoneer Global from $10.00 to $12.00 and gave the stock a “buy” rating in a research note on Wednesday, November 6th. Finally, Keefe, Bruyette & Woods downgraded Payoneer Global from an “outperform” rating to a “market perform” rating and set a $12.00 target price for the company. in a research note on Monday, December 9th. One equities research analyst has rated the stock with a hold rating, five have assigned a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, the company currently has an average rating of “Buy” and a consensus target price of $11.36.

Insider Activity at Payoneer Global

In related news, insider Crossover Managemen Technology sold 7,500,000 shares of the firm’s stock in a transaction dated Monday, November 11th. The stock was sold at an average price of $10.32, for a total transaction of $77,400,000.00. Following the completion of the transaction, the insider now directly owns 34,197,116 shares in the company, valued at $352,914,237.12. This trade represents a 17.99 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, CAO Itai Perry sold 4,100 shares of the firm’s stock in a transaction dated Tuesday, October 15th. The shares were sold at an average price of $8.00, for a total value of $32,800.00. Following the transaction, the chief accounting officer now owns 228,738 shares of the company’s stock, valued at $1,829,904. This trade represents a 1.76 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 7,826,275 shares of company stock worth $80,708,269 in the last three months. 5.57% of the stock is owned by company insiders.

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.