Barclays PLC Has $3.76 Million Stake in Payoneer Global Inc. (NASDAQ:PAYO)

Barclays PLC increased its position in shares of Payoneer Global Inc. (NASDAQ:PAYO) by 352.8% during the third quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 498,727 shares of the company’s stock after acquiring an additional 388,584 shares during the period. Barclays PLC’s holdings in Payoneer Global were worth $3,755,000 at the end of the most recent reporting period.

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

Insiders Place Their Bets

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

Payoneer Global Price Performance

Shares of Payoneer Global stock opened at $10.12 on Monday. The firm has a market cap of $3.61 billion, a price-to-earnings ratio of 28.92 and a beta of 0.90. The stock’s 50-day moving average is $9.85 and its 200 day moving average is $7.63. Payoneer Global Inc. has a one year low of $4.22 and a one year 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 (EPS) for the quarter, topping analysts’ consensus estimates of $0.04 by $0.07. The firm had revenue of $248.30 million for the quarter, compared to analysts’ expectations of $225.44 million. Payoneer Global had a return on equity of 17.78% and a net margin of 13.82%. The company’s revenue for the quarter was up 19.4% compared to the same quarter last year. During the same period in the prior year, the business earned $0.05 EPS. On average, sell-side analysts expect that Payoneer Global Inc. will post 0.35 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Several brokerages recently weighed in on PAYO. Needham & Company LLC boosted their price objective 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. Keefe, Bruyette & Woods lowered Payoneer Global from an “outperform” rating to a “market perform” rating and set a $12.00 price target on the stock. in a research report on Monday, December 9th. Northland Securities raised 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. Benchmark upped their target price on Payoneer Global from $10.00 to $12.00 and gave the company a “buy” rating in a report on Wednesday, November 6th. Finally, The Goldman Sachs Group raised their price target on shares of Payoneer Global from $9.00 to $12.00 and gave the stock a “buy” rating in a report on Wednesday, November 6th. One 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’s stock. According to data from MarketBeat, Payoneer Global currently has a consensus rating of “Buy” and an average target price of $11.36.

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.