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

Quest Partners LLC purchased a new stake in Payoneer Global Inc. (NASDAQ:PAYO - Free Report) during the third quarter, according to its most recent filing with the SEC. The firm purchased 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 stock. Quarry LP bought a new position in shares of Payoneer Global during the 2nd quarter worth approximately $29,000. Blue Trust Inc. grew its stake in Payoneer Global by 135.2% during the 3rd quarter. Blue Trust Inc. now owns 4,440 shares of the company's stock worth $33,000 after buying an additional 2,552 shares during the last quarter. GAMMA Investing LLC increased its position 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 buying an additional 4,736 shares in the last quarter. Sage Rhino Capital LLC purchased a new stake in Payoneer Global in the second quarter valued at about $56,000. Finally, FSC Wealth Advisors LLC acquired a new stake in Payoneer Global in the third quarter worth about $68,000. 82.22% of the stock is owned by institutional investors.

Insider Buying and Selling

In other Payoneer Global news, CAO Itai Perry sold 3,900 shares of Payoneer Global stock in a transaction on Wednesday, October 9th. The stock was sold at an average price of $8.00, for a total value of $31,200.00. Following the sale, the chief accounting officer now owns 228,738 shares in the company, valued at $1,829,904. The trade was a 1.68 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Crossover Managemen Technology sold 7,500,000 shares of Payoneer Global stock in a transaction on Monday, November 11th. The shares were 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 in the company, valued at $352,914,237.12. This represents a 17.99 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 7,710,829 shares of company stock worth $79,086,601. 5.57% of the stock is owned by corporate insiders.

Payoneer Global Price Performance

Payoneer Global stock traded up $0.01 during trading on Monday, reaching $10.94. 4,017,881 shares of the company were exchanged, compared to its average volume of 2,757,841. Payoneer Global Inc. has a 52-week low of $4.22 and a 52-week high of $11.29. The company has a market capitalization of $3.90 billion, a P/E ratio of 31.26 and a beta of 0.82. The stock's 50 day simple moving average is $8.76 and its two-hundred day simple moving average is $7.03.

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

Analyst Upgrades and Downgrades

PAYO has been the topic of several research reports. Citigroup upped their target price on Payoneer Global from $7.00 to $8.50 and gave the company a "buy" rating in a research report on Monday, August 12th. Northland Securities increased their target price on 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 Payoneer Global to a "strong-buy" rating in a research report on Monday, August 12th. The Goldman Sachs Group raised their target price on Payoneer Global from $9.00 to $12.00 and gave the company a "buy" rating in a research report on Wednesday, November 6th. Finally, Keefe, Bruyette & Woods raised their target price on Payoneer Global from $9.00 to $12.00 and gave the company an "outperform" rating in a research report on Wednesday, November 6th. Six analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, Payoneer Global has an average rating of "Buy" and an average target price of $10.79.

Payoneer Global 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.