Quest Partners LLC Buys Shares of 55,097 Payoneer Global Inc. (NASDAQ:PAYO)

Quest Partners LLC purchased a new position in shares of Payoneer Global Inc. (NASDAQ:PAYO) during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor purchased 55,097 shares of the company’s stock, valued at approximately $415,000.

Several other institutional investors have also recently made changes to their positions in PAYO. AXA S.A. grew its holdings in Payoneer Global by 1,394.5% during the 2nd quarter. AXA S.A. now owns 14,176,485 shares of the company’s stock worth $78,538,000 after acquiring an additional 13,227,884 shares in the last quarter. Millennium Management LLC lifted its position in shares of Payoneer Global by 17.3% in the 2nd quarter. Millennium Management LLC now owns 6,764,016 shares of the company’s stock worth $37,473,000 after purchasing an additional 995,366 shares during the period. Price T Rowe Associates Inc. MD boosted its stake in shares of Payoneer Global by 3.9% during the first quarter. Price T Rowe Associates Inc. MD now owns 4,790,400 shares of the company’s stock valued at $23,283,000 after purchasing an additional 178,842 shares in the last quarter. Dimensional Fund Advisors LP boosted its stake in shares of Payoneer Global by 22.7% during the second quarter. Dimensional Fund Advisors LP now owns 4,593,005 shares of the company’s stock valued at $25,446,000 after purchasing an additional 849,680 shares in the last quarter. Finally, Victory Capital Management Inc. increased its holdings in shares of Payoneer Global by 17.1% in the 2nd quarter. Victory Capital Management Inc. now owns 4,417,785 shares of the company’s stock valued at $24,475,000 after acquiring an additional 645,887 shares during the period. Hedge funds and other institutional investors own 82.22% of the company’s stock.

Insider Activity

In related news, insider Crossover Managemen Technology sold 7,500,000 shares of the business’s stock in a transaction on Monday, November 11th. The shares were 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. The trade was a 17.99 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CAO Itai Perry sold 3,900 shares of the company’s stock in a transaction 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 completion of the sale, the chief accounting officer now directly owns 228,738 shares in the company, valued at approximately $1,829,904. The trade was a 1.68 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 7,710,829 shares of company stock valued at $79,086,601. Company insiders own 5.57% of the company’s stock.

Payoneer Global Stock Up 1.4 %

PAYO stock opened at $10.93 on Monday. Payoneer Global Inc. has a 52 week low of $4.22 and a 52 week high of $10.99. The stock has a market capitalization of $3.90 billion, a PE ratio of 31.23 and a beta of 0.82. The firm has a 50 day moving average of $8.69 and a 200 day moving average of $6.99.

Payoneer Global (NASDAQ:PAYO) last announced its quarterly earnings data 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. The firm had revenue of $248.30 million for the quarter, compared to analyst estimates of $225.44 million. Payoneer Global had a net margin of 13.82% and a return on equity of 17.78%. The business’s quarterly revenue was up 19.4% compared to the same quarter last year. During the same period in the previous year, the company earned $0.05 earnings per share. On average, equities research analysts expect that Payoneer Global Inc. will post 0.32 earnings per share for the current year.

Analyst Ratings Changes

A number of equities research analysts recently weighed in on PAYO shares. Benchmark upped their price objective on Payoneer Global from $10.00 to $12.00 and gave the stock a “buy” rating in a research note on Wednesday, November 6th. Northland Securities increased their price target on shares of Payoneer Global from $9.00 to $10.00 and gave the company an “outperform” rating in a research report on Tuesday, September 10th. Citigroup raised their price target on shares of Payoneer Global from $7.00 to $8.50 and gave the company a “buy” rating in a report on Monday, August 12th. Keefe, Bruyette & Woods increased their target price on shares of Payoneer Global from $9.00 to $12.00 and gave the company an “outperform” rating in a research report on Wednesday, November 6th. Finally, The Goldman Sachs Group raised their target price on shares of Payoneer Global from $9.00 to $12.00 and gave the company a “buy” rating in a research note on Wednesday, November 6th. Six analysts have rated the stock with a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Buy” and a consensus price target of $10.79.

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.