55,097 Shares in Payoneer Global Inc. (NASDAQ:PAYO) Purchased by Quest Partners LLC

Quest Partners LLC bought a new stake in shares of Payoneer Global Inc. (NASDAQ:PAYO) in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm bought 55,097 shares of the company’s stock, valued at approximately $415,000.

Several other large investors have also recently made changes to their positions in the business. Sei Investments Co. increased its position in Payoneer Global by 7.3% during the 1st quarter. Sei Investments Co. now owns 174,824 shares of the company’s stock valued at $850,000 after buying an additional 11,907 shares in the last quarter. ProShare Advisors LLC raised its position in shares of Payoneer Global by 7.5% in the 1st quarter. ProShare Advisors LLC now owns 53,333 shares of the company’s stock worth $259,000 after purchasing an additional 3,730 shares during the last quarter. UniSuper Management Pty Ltd bought a new position in Payoneer Global in the 1st quarter worth about $310,000. Price T Rowe Associates Inc. MD grew its position in Payoneer Global by 3.9% during the 1st 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 last quarter. Finally, Janus Henderson Group PLC increased its stake in Payoneer Global by 131.6% during the 1st quarter. Janus Henderson Group PLC now owns 358,940 shares of the company’s stock valued at $1,744,000 after purchasing an additional 203,943 shares in the last quarter. 82.22% of the stock is currently owned by hedge funds and other institutional investors.

Payoneer Global Price Performance

Payoneer Global stock opened at $10.93 on Monday. Payoneer Global Inc. has a 1 year low of $4.22 and a 1 year high of $10.99. The firm’s 50 day moving average price is $8.69 and its 200-day moving average price is $6.99. The stock has a market cap of $3.90 billion, a P/E ratio of 31.23 and a beta of 0.82.

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

Insider Buying and Selling

In related news, CAO Itai Perry sold 52,829 shares of the business’s 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 sale, the chief accounting officer now owns 201,882 shares in the company, valued at approximately $2,148,024.48. The trade was a 20.74 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, insider Crossover Managemen Technology sold 7,500,000 shares of the 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 transaction, the insider now owns 34,197,116 shares of the company’s stock, 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 three months, insiders have sold 7,710,829 shares of company stock worth $79,086,601. Corporate insiders own 5.57% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities research analysts have recently commented on PAYO shares. Needham & Company LLC increased their price target on shares of Payoneer Global from $10.00 to $14.00 and gave the company a “buy” rating in a report on Wednesday, November 6th. Citigroup increased their target price on Payoneer Global from $7.00 to $8.50 and gave the company a “buy” rating in a research note on Monday, August 12th. The Goldman Sachs Group boosted their price target on Payoneer Global from $9.00 to $12.00 and gave the stock a “buy” rating in a research note on Wednesday, November 6th. Benchmark increased their price objective on Payoneer Global from $10.00 to $12.00 and gave the company a “buy” rating in a research report on Wednesday, November 6th. Finally, Northland Securities lifted their price objective on Payoneer Global from $9.00 to $10.00 and gave the stock an “outperform” rating in a report on Tuesday, September 10th. Six equities research analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Buy” and a consensus target price of $10.79.

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.