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

Parallel Advisors LLC reduced its holdings in shares of Payoneer Global Inc. (NASDAQ:PAYO) by 9.7% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 282,164 shares of the company’s stock after selling 30,356 shares during the period. Parallel Advisors LLC owned about 0.08% of Payoneer Global worth $2,833,000 at the end of the most recent quarter.

A number of other large investors have also modified their holdings of PAYO. Smartleaf Asset Management LLC grew its holdings in Payoneer Global by 405.8% during the 4th quarter. Smartleaf Asset Management LLC now owns 3,819 shares of the company’s stock worth $38,000 after acquiring an additional 3,064 shares in the last quarter. Fifth Third Bancorp boosted its stake in shares of Payoneer Global by 29.3% during the fourth quarter. Fifth Third Bancorp now owns 4,488 shares of the company’s stock worth $45,000 after buying an additional 1,016 shares during the period. Blue Trust Inc. increased its holdings in shares of Payoneer Global by 21.2% in the fourth quarter. Blue Trust Inc. now owns 5,380 shares of the company’s stock valued at $54,000 after purchasing an additional 940 shares during the period. GAMMA Investing LLC grew its position in Payoneer Global by 41.7% in the 4th quarter. GAMMA Investing LLC now owns 8,241 shares of the company’s stock valued at $83,000 after buying an additional 2,425 shares during the last quarter. Finally, Rialto Wealth Management LLC acquired a new position in Payoneer Global in the 4th quarter valued at $105,000. Hedge funds and other institutional investors own 82.22% of the company’s stock.

Payoneer Global Stock Performance

Payoneer Global stock opened at $7.31 on Tuesday. The stock has a fifty day moving average of $9.70 and a two-hundred day moving average of $9.30. Payoneer Global Inc. has a fifty-two week low of $4.27 and a fifty-two week high of $11.29. The company has a market capitalization of $2.63 billion, a price-to-earnings ratio of 20.89, a PEG ratio of 2.88 and a beta of 0.97.

Payoneer Global (NASDAQ:PAYO) last released its earnings results on Thursday, February 27th. The company reported $0.05 EPS for the quarter, missing the consensus estimate of $0.06 by ($0.01). Payoneer Global had a return on equity of 17.78% and a net margin of 13.82%. The firm had revenue of $261.74 million during the quarter, compared to analysts’ expectations of $242.14 million. During the same period in the previous year, the firm posted $0.05 earnings per share. On average, analysts forecast that Payoneer Global Inc. will post 0.34 EPS for the current fiscal year.

Insider Buying and Selling

In other news, insider Tsafi Goldman sold 96,350 shares of the firm’s stock in a transaction dated Thursday, January 2nd. The stock was sold at an average price of $10.07, for a total value of $970,244.50. Following the transaction, the insider now directly owns 741,748 shares in the company, valued at $7,469,402.36. This trade represents a 11.50 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CFO Beatrice Ordonez sold 85,000 shares of the business’s stock in a transaction that occurred on Tuesday, January 21st. The stock was sold at an average price of $10.40, for a total transaction of $884,000.00. Following the sale, the chief financial officer now owns 2,305,245 shares of the company’s stock, valued at approximately $23,974,548. This represents a 3.56 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 5.57% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

Several brokerages have recently weighed in on PAYO. Keefe, Bruyette & Woods lowered their target price on shares of Payoneer Global from $11.00 to $10.00 and set a “market perform” rating on the stock in a report on Friday, February 28th. Northland Securities increased their price objective on Payoneer Global from $13.00 to $14.00 and gave the stock an “outperform” rating in a research report on Friday, December 6th. Citigroup raised their target price on Payoneer Global from $14.50 to $16.50 and gave the company a “buy” rating in a report on Tuesday, March 4th. Deutsche Bank Aktiengesellschaft started coverage on shares of Payoneer Global in a report on Monday, February 3rd. They set a “buy” rating and a $13.00 price objective on the stock. Finally, Wolfe Research downgraded Payoneer Global from an “outperform” rating to a “peer perform” rating in a research note on Wednesday, January 8th. Two equities research analysts have rated the stock with a hold rating, six have given a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $13.07.

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.