PDT Partners LLC Buys 24,872 Shares of Payoneer Global Inc. (NASDAQ:PAYO)

PDT Partners LLC increased its position in Payoneer Global Inc. (NASDAQ:PAYO) by 9.2% during the third quarter, HoldingsChannel.com reports. The firm owned 296,303 shares of the company’s stock after acquiring an additional 24,872 shares during the quarter. PDT Partners LLC’s holdings in Payoneer Global were worth $2,231,000 as of its most recent SEC filing.

Several other institutional investors also recently bought and sold shares of PAYO. AXA S.A. lifted its stake in shares of Payoneer Global by 1,394.5% in the second quarter. AXA S.A. now owns 14,176,485 shares of the company’s stock worth $78,538,000 after buying an additional 13,227,884 shares in the last quarter. Legion Partners Asset Management LLC bought a new stake in Payoneer Global in the 2nd quarter worth about $12,360,000. American Century Companies Inc. raised its position in Payoneer Global by 241.5% in the 2nd quarter. American Century Companies Inc. now owns 1,643,744 shares of the company’s stock worth $9,106,000 after buying an additional 1,162,481 shares during the last quarter. Millennium Management LLC lifted its stake in Payoneer Global by 17.3% during the 2nd quarter. Millennium Management LLC now owns 6,764,016 shares of the company’s stock valued at $37,473,000 after acquiring an additional 995,366 shares during the period. Finally, Dimensional Fund Advisors LP boosted its holdings in shares of Payoneer Global by 22.7% during the 2nd quarter. Dimensional Fund Advisors LP now owns 4,593,005 shares of the company’s stock valued at $25,446,000 after acquiring an additional 849,680 shares during the last quarter. 82.22% of the stock is owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other Payoneer Global news, CAO Itai Perry sold 52,829 shares of Payoneer Global stock in a transaction on Monday, November 18th. The shares were sold at an average price of $10.64, for a total value of $562,100.56. Following the completion of the transaction, the chief accounting officer now directly owns 201,882 shares of the company’s stock, valued at $2,148,024.48. This trade represents a 20.74 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this link. Also, insider Crossover Managemen Technology sold 7,500,000 shares of the firm’s stock in a transaction on Monday, November 11th. The stock was sold at an average price of $10.32, for a total value of $77,400,000.00. Following the completion of the sale, the insider now owns 34,197,116 shares of the company’s stock, valued at approximately $352,914,237.12. This represents a 17.99 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 7,562,402 shares of company stock worth $78,043,152 in the last three months. 5.57% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

Several research firms have recently weighed in on PAYO. Northland Securities boosted their price objective on shares of Payoneer Global from $9.00 to $10.00 and gave the company an “outperform” rating in a report on Tuesday, September 10th. Cantor Fitzgerald upgraded shares of Payoneer Global to a “strong-buy” rating in a research note on Monday, August 12th. Benchmark raised their price target on Payoneer Global from $10.00 to $12.00 and gave the stock a “buy” rating in a research note on Wednesday, November 6th. Citigroup upped their price objective on Payoneer Global from $7.00 to $8.50 and gave the company a “buy” rating in a research report on Monday, August 12th. Finally, Needham & Company LLC raised their price objective on shares of Payoneer Global from $10.00 to $14.00 and gave the stock a “buy” rating in a report on Wednesday, November 6th. Six research analysts have rated the stock with a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Buy” and a consensus target price of $10.79.

Payoneer Global Stock Up 0.4 %

PAYO stock opened at $10.91 on Friday. The business’s 50-day moving average price is $9.04 and its 200-day moving average price is $7.15. The stock has a market cap of $3.89 billion, a P/E ratio of 31.17 and a beta of 0.82. Payoneer Global Inc. has a twelve month low of $4.22 and a twelve month high of $11.29.

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, topping analysts’ consensus estimates of $0.04 by $0.07. The business had revenue of $248.30 million during 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 company’s revenue was up 19.4% on a year-over-year basis. During the same period in the prior year, the business posted $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 fiscal year.

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.