GSA Capital Partners LLP Has $485,000 Stock Holdings in Payoneer Global Inc. (NASDAQ:PAYO)

GSA Capital Partners LLP cut its holdings in Payoneer Global Inc. (NASDAQ:PAYO) by 72.0% in the 3rd quarter, according to its most recent 13F filing with the SEC. The firm owned 64,398 shares of the company’s stock after selling 165,278 shares during the quarter. GSA Capital Partners LLP’s holdings in Payoneer Global were worth $485,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also modified their holdings of the business. Van ECK Associates Corp grew its position in shares of 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 period. Xponance Inc. grew its position in shares of 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 period. Y.D. More Investments Ltd grew its position in shares of 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 period. Blue Trust Inc. boosted its position in Payoneer Global by 135.2% during 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. Finally, CIBC Asset Management Inc boosted its position in Payoneer Global by 17.3% during the 2nd quarter. CIBC Asset Management Inc now owns 21,096 shares of the company’s stock worth $117,000 after acquiring an additional 3,117 shares during the last quarter. 82.22% of the stock is currently owned by institutional investors and hedge funds.

Payoneer Global Stock Up 1.8 %

Shares of Payoneer Global stock opened at $10.83 on Wednesday. Payoneer Global Inc. has a 12-month low of $4.22 and a 12-month high of $10.90. The stock has a market cap of $3.86 billion, a P/E ratio of 30.94 and a beta of 0.82. The business’s 50 day moving average is $8.48 and its 200-day moving average is $6.88.

Payoneer Global (NASDAQ:PAYO) last posted its quarterly earnings results on Tuesday, November 5th. The company reported $0.11 earnings per share for the quarter, beating 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 for the quarter, compared to analysts’ expectations of $225.44 million. During the same quarter in the prior year, the business earned $0.05 EPS. The firm’s revenue for the quarter was up 19.4% on a year-over-year basis. On average, sell-side analysts expect that Payoneer Global Inc. will post 0.32 EPS for the current year.

Wall Street Analyst Weigh In

A number of equities analysts have weighed in on the company. Citigroup upped their price target on Payoneer Global from $7.00 to $8.50 and gave the stock a “buy” rating in a research report on Monday, August 12th. Cantor Fitzgerald raised Payoneer Global to a “strong-buy” rating in a research report on Monday, August 12th. Needham & Company LLC upped their price target on Payoneer Global from $10.00 to $14.00 and gave the stock a “buy” rating in a research report on Wednesday, November 6th. Benchmark upped their price target on Payoneer Global from $10.00 to $12.00 and gave the stock a “buy” rating in a research report on Wednesday, November 6th. Finally, Northland Securities upped their price target on Payoneer Global from $9.00 to $10.00 and gave the stock an “outperform” rating in a research report on Tuesday, September 10th. Six analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Buy” and a consensus price target of $10.79.

Insider Activity at Payoneer Global

In other Payoneer Global news, insider Crossover Managemen Technology sold 7,500,000 shares of the stock in a transaction on 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 transaction, the insider now 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 transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Scott H. Galit sold 150,000 shares of the stock in a transaction on Wednesday, August 28th. The stock was sold at an average price of $7.07, for a total value of $1,060,500.00. Following the transaction, the director now owns 1,809,674 shares in the company, valued at $12,794,395.18. The trade was a 7.65 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 7,658,000 shares of company stock worth $78,524,500. Company insiders own 5.57% of the company’s stock.

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.