Payoneer Global Inc. (NASDAQ:PAYO) Shares Purchased by Barclays PLC

Barclays PLC increased its position in shares of Payoneer Global Inc. (NASDAQ:PAYO - Free Report) by 352.8% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 498,727 shares of the company's stock after purchasing an additional 388,584 shares during the period. Barclays PLC owned 0.14% of Payoneer Global worth $3,755,000 at the end of the most recent quarter.

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

Insider Activity

In other Payoneer Global news, CAO Itai Perry sold 3,900 shares of the 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 completion of the transaction, the chief accounting officer now owns 228,738 shares in the company, valued at approximately $1,829,904. This represents a 1.68 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, insider Tsafi Goldman sold 263,873 shares of the business's stock in a transaction on Tuesday, December 10th. The stock was sold at an average price of $10.10, for a total transaction of $2,665,117.30. Following the sale, the insider now owns 741,748 shares in the company, valued at $7,491,654.80. The trade was a 26.24 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 7,826,275 shares of company stock valued at $80,708,269 over the last quarter. Corporate insiders own 5.57% of the company's stock.

Payoneer Global Stock Down 1.3 %

PAYO traded down $0.13 on Monday, hitting $9.99. 1,951,369 shares of the company traded hands, compared to its average volume of 2,772,471. The company has a 50 day moving average of $9.85 and a 200-day moving average of $7.64. Payoneer Global Inc. has a 12-month low of $4.22 and a 12-month high of $11.29. The stock has a market capitalization of $3.56 billion, a PE ratio of 28.54 and a beta of 0.90.

Payoneer Global (NASDAQ:PAYO - Get Free Report) last issued its quarterly earnings results on Tuesday, November 5th. The company reported $0.11 earnings per share for the quarter, topping the consensus estimate of $0.04 by $0.07. The firm 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%. The company's revenue for the quarter was up 19.4% on a year-over-year basis. During the same period last year, the company earned $0.05 earnings per share. On average, research analysts anticipate that Payoneer Global Inc. will post 0.35 EPS for the current year.

Analyst Upgrades and Downgrades

Several brokerages recently commented on PAYO. Northland Securities lifted their price target on shares of Payoneer Global from $13.00 to $14.00 and gave the stock an "outperform" rating in a research note on Friday, December 6th. Needham & Company LLC lifted their target price on Payoneer Global from $10.00 to $14.00 and gave the stock a "buy" rating in a research report on Wednesday, November 6th. The Goldman Sachs Group boosted their target price on Payoneer Global from $9.00 to $12.00 and gave the company a "buy" rating in a report 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. Finally, Benchmark boosted their price objective on Payoneer Global from $10.00 to $12.00 and gave the company a "buy" rating in a research note on Wednesday, November 6th. One equities research analyst has rated the stock with a hold rating, five have given a buy rating and one has issued a strong buy rating to the company's stock. Based on data from MarketBeat, the stock presently has a consensus rating of "Buy" and an average price target 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.