Centiva Capital LP Invests $121,000 in Payoneer Global Inc. (NASDAQ:PAYO)

Centiva Capital LP acquired a new position in Payoneer Global Inc. (NASDAQ:PAYO) during the third quarter, according to the company in its most recent disclosure with the SEC. The firm acquired 16,018 shares of the company’s stock, valued at approximately $121,000.

Several other hedge funds have also recently bought and sold shares of PAYO. Quarry LP acquired a new stake in shares of Payoneer Global in the second quarter valued at approximately $29,000. Blue Trust Inc. increased its position in Payoneer Global by 135.2% in the 3rd quarter. Blue Trust Inc. now owns 4,440 shares of the company’s stock valued at $33,000 after acquiring an additional 2,552 shares during the period. GAMMA Investing LLC raised its stake in Payoneer Global by 438.5% during the 3rd quarter. GAMMA Investing LLC now owns 5,816 shares of the company’s stock valued at $44,000 after acquiring an additional 4,736 shares in the last quarter. Sage Rhino Capital LLC acquired a new position in Payoneer Global during the 2nd quarter worth $56,000. Finally, FSC Wealth Advisors LLC bought a new position in shares of Payoneer Global in the third quarter worth $68,000. 82.22% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Several equities research analysts recently weighed in on PAYO shares. Benchmark upped their price objective on shares of Payoneer Global from $10.00 to $12.00 and gave the stock a “buy” rating in a report on Wednesday, November 6th. The Goldman Sachs Group upped their price target on shares of Payoneer Global from $9.00 to $12.00 and gave the stock a “buy” rating in a research note on Wednesday, November 6th. Needham & Company LLC raised 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. Keefe, Bruyette & Woods downgraded Payoneer Global from an “outperform” rating to a “market perform” rating and set a $12.00 target price for the company. in a research report on Monday, December 9th. Finally, Northland Securities increased their price target on Payoneer Global from $13.00 to $14.00 and gave the company an “outperform” rating in a research note on Friday, December 6th. One investment analyst has rated the stock with a hold rating, five have issued a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, Payoneer Global has an average rating of “Buy” and an average price target of $11.36.

Payoneer Global Stock Performance

Shares of NASDAQ:PAYO opened at $10.28 on Friday. The company has a market capitalization of $3.67 billion, a PE ratio of 29.37 and a beta of 0.90. The stock has a fifty day moving average of $9.61 and a 200-day moving average of $7.47. Payoneer Global Inc. has a one year low of $4.22 and a one year high of $11.29.

Payoneer Global (NASDAQ:PAYO) last announced its earnings results on Tuesday, November 5th. The company reported $0.11 EPS for the quarter, beating the consensus estimate of $0.04 by $0.07. The business had revenue of $248.30 million during the quarter, compared to the consensus estimate of $225.44 million. Payoneer Global had a return on equity of 17.78% and a net margin of 13.82%. Payoneer Global’s revenue was up 19.4% compared to the same quarter last year. During the same period in the prior year, the business posted $0.05 earnings per share. As a group, research analysts forecast that Payoneer Global Inc. will post 0.35 EPS for the current fiscal year.

Insiders Place Their Bets

In related news, CAO Itai Perry sold 4,100 shares of the company’s stock in a transaction that occurred 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 position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Crossover Managemen Technology sold 7,500,000 shares of the firm’s stock in a transaction that occurred on Monday, November 11th. The stock was sold at an average price of $10.32, for a total transaction of $77,400,000.00. Following the completion of the transaction, the insider now directly owns 34,197,116 shares of the company’s stock, valued at $352,914,237.12. This represents a 17.99 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 7,826,275 shares of company stock worth $80,708,269 over the last ninety days. 5.57% of the stock is currently owned by company insiders.

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.