XTX Topco Ltd Trims Stock Position in Payoneer Global Inc. (NASDAQ:PAYO)

XTX Topco Ltd lessened its stake in Payoneer Global Inc. (NASDAQ:PAYO) by 10.7% in the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 44,151 shares of the company’s stock after selling 5,283 shares during the quarter. XTX Topco Ltd’s holdings in Payoneer Global were worth $332,000 as of its most recent SEC filing.

A number of other hedge funds have also recently modified their holdings of PAYO. Quarry LP acquired a new position in Payoneer Global in the second quarter valued at approximately $29,000. Blue Trust Inc. lifted its stake in shares of 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 purchasing an additional 2,552 shares during the period. GAMMA Investing LLC boosted its holdings in Payoneer Global by 438.5% during the third quarter. GAMMA Investing LLC now owns 5,816 shares of the company’s stock worth $44,000 after buying an additional 4,736 shares in the last quarter. Sage Rhino Capital LLC acquired a new stake in Payoneer Global during the second quarter valued at $56,000. Finally, FSC Wealth Advisors LLC purchased a new position in Payoneer Global in the third quarter valued at $68,000. Hedge funds and other institutional investors own 82.22% of the company’s stock.

Insiders Place Their Bets

In related news, CAO Itai Perry sold 52,829 shares of the stock in a transaction that occurred on Monday, November 18th. The stock was sold at an average price of $10.64, for a total value of $562,100.56. Following the completion of the sale, the chief accounting officer now owns 201,882 shares of the company’s stock, valued at approximately $2,148,024.48. This trade represents a 20.74 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Tsafi Goldman sold 263,873 shares of Payoneer Global stock in a transaction that occurred on Tuesday, December 10th. The stock was sold at an average price of $10.10, for a total value of $2,665,117.30. Following the transaction, the insider now owns 741,748 shares in the company, valued at approximately $7,491,654.80. The trade was a 26.24 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 7,826,275 shares of company stock valued at $80,708,269 in the last ninety days. 5.57% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

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

Payoneer Global Stock Performance

NASDAQ PAYO opened at $10.45 on Tuesday. The business has a fifty day moving average price of $9.67 and a 200 day moving average price of $7.53. The company has a market cap of $3.73 billion, a P/E ratio of 29.86 and a beta of 0.90. Payoneer Global Inc. has a one year low of $4.22 and a one year high of $11.29.

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

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.