Payoneer Global Inc. (NASDAQ:PAYO) Shares Sold by Algert Global LLC

Algert Global LLC reduced its stake in shares of Payoneer Global Inc. (NASDAQ:PAYO) by 22.0% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 181,607 shares of the company’s stock after selling 51,180 shares during the quarter. Algert Global LLC’s holdings in Payoneer Global were worth $1,368,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the stock. AXA S.A. raised its stake 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 increased its stake in Payoneer Global by 17.3% in the second quarter. Millennium Management LLC now owns 6,764,016 shares of the company’s stock valued at $37,473,000 after purchasing an additional 995,366 shares during the period. Price T Rowe Associates Inc. MD increased its stake in Payoneer Global by 3.9% in 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 during the period. Dimensional Fund Advisors LP increased its stake in Payoneer Global by 22.7% in 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 during the period. Finally, Victory Capital Management Inc. increased its stake in Payoneer Global by 17.1% in the second quarter. Victory Capital Management Inc. now owns 4,417,785 shares of the company’s stock valued at $24,475,000 after purchasing an additional 645,887 shares during the period. 82.22% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In other Payoneer Global news, CAO Itai Perry sold 52,829 shares of the company’s stock in a transaction dated Monday, November 18th. The shares were sold at an average price of $10.64, for a total value of $562,100.56. Following the sale, the chief accounting officer now owns 201,882 shares of the company’s stock, valued at $2,148,024.48. This represents a 20.74 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Crossover Managemen Technology sold 7,500,000 shares of the company’s stock in a transaction dated 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 sale, 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 disclosure for this sale can be found here. Over the last 90 days, insiders have sold 7,562,402 shares of company stock valued at $78,043,152. Corporate insiders own 5.57% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research firms have commented on PAYO. Northland Securities lifted their price objective on shares of Payoneer Global from $9.00 to $10.00 and gave the company an “outperform” rating in a research note on Tuesday, September 10th. Needham & Company LLC lifted their price objective on shares of Payoneer Global from $10.00 to $14.00 and gave the company a “buy” rating in a research note on Wednesday, November 6th. Citigroup lifted their price objective on shares of Payoneer Global from $7.00 to $8.50 and gave the company a “buy” rating in a research note on Monday, August 12th. Cantor Fitzgerald upgraded shares of Payoneer Global to a “strong-buy” rating in a research note on Monday, August 12th. Finally, Benchmark boosted their price target on shares of Payoneer Global from $10.00 to $12.00 and gave the stock a “buy” rating in a research note on Wednesday, November 6th. 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 data from MarketBeat, the company has a consensus rating of “Buy” and an average price target of $10.79.

Payoneer Global Stock Down 1.6 %

Shares of Payoneer Global stock opened at $10.87 on Friday. Payoneer Global Inc. has a 52-week low of $4.22 and a 52-week high of $11.29. The company’s 50-day simple moving average is $8.90 and its 200-day simple moving average is $7.09. The firm has a market cap of $3.88 billion, a price-to-earnings ratio of 31.06 and a beta of 0.82.

Payoneer Global (NASDAQ:PAYO) last released its quarterly earnings data on Tuesday, November 5th. The company reported $0.11 EPS for the quarter, topping analysts’ consensus estimates of $0.04 by $0.07. The firm had revenue of $248.30 million for the quarter, compared to the consensus estimate of $225.44 million. Payoneer Global had a net margin of 13.82% and a return on equity of 17.78%. The firm’s revenue was up 19.4% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.05 earnings per share. Equities research analysts anticipate that Payoneer Global Inc. will post 0.32 EPS for the current year.

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.