Los Angeles Capital Management LLC Purchases New Holdings in Payoneer Global Inc. (NASDAQ:PAYO)

Los Angeles Capital Management LLC acquired a new position in shares of Payoneer Global Inc. (NASDAQ:PAYO) in the 3rd quarter, HoldingsChannel reports. The firm acquired 27,860 shares of the company’s stock, valued at approximately $210,000.

Several other large investors also recently bought and sold shares of the company. Swiss National Bank increased its position in shares of Payoneer Global by 0.9% during the first quarter. Swiss National Bank now owns 535,700 shares of the company’s stock worth $2,604,000 after purchasing an additional 4,800 shares in the last quarter. Sei Investments Co. boosted its stake in Payoneer Global by 7.3% during the 1st quarter. Sei Investments Co. now owns 174,824 shares of the company’s stock worth $850,000 after purchasing an additional 11,907 shares during the last quarter. ProShare Advisors LLC grew its holdings in shares of Payoneer Global by 7.5% during the first quarter. ProShare Advisors LLC now owns 53,333 shares of the company’s stock worth $259,000 after buying an additional 3,730 shares in the last quarter. UniSuper Management Pty Ltd acquired a new stake in shares of Payoneer Global in the first quarter valued at about $310,000. Finally, Natixis purchased a new position in shares of Payoneer Global in the first quarter worth about $3,106,000. 82.22% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several analysts recently issued reports on PAYO shares. Keefe, Bruyette & Woods upped their price objective on shares of Payoneer Global from $9.00 to $12.00 and gave the company an “outperform” rating in a research note on Wednesday, November 6th. Needham & Company LLC increased their price target on Payoneer Global from $10.00 to $14.00 and gave the company a “buy” rating in a report on Wednesday, November 6th. Benchmark lifted their price objective on Payoneer Global from $10.00 to $12.00 and gave the stock a “buy” rating in a research report on Wednesday, November 6th. Citigroup upped their target price on Payoneer Global from $7.00 to $8.50 and gave the company a “buy” rating in a report on Monday, August 12th. Finally, Cantor Fitzgerald upgraded Payoneer Global to a “strong-buy” rating in a report on Monday, August 12th. Six analysts have rated the stock with a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Buy” and an average price target of $10.79.

Insiders Place Their Bets

In other news, insider Crossover Managemen Technology sold 7,500,000 shares of Payoneer Global 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 sale, the insider now directly owns 34,197,116 shares of the company’s stock, valued at approximately $352,914,237.12. The trade was a 17.99 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CAO Itai Perry sold 4,100 shares of the firm’s stock in a transaction on Tuesday, October 15th. The shares were sold at an average price of $8.00, for a total value of $32,800.00. Following the completion of the sale, the chief accounting officer now owns 228,738 shares in the company, valued at approximately $1,829,904. This represents a 1.76 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 7,658,000 shares of company stock worth $78,524,500 over the last three months. Company insiders own 5.57% of the company’s stock.

Payoneer Global Stock Performance

Shares of Payoneer Global stock opened at $10.64 on Tuesday. Payoneer Global Inc. has a fifty-two week low of $4.22 and a fifty-two week high of $10.90. The firm has a market capitalization of $4.06 billion, a price-to-earnings ratio of 30.40 and a beta of 0.82. The stock has a 50 day moving average of $8.41 and a 200 day moving average of $6.84.

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

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.