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

Barclays PLC lifted its stake in shares of Payoneer Global Inc. (NASDAQ:PAYO - Free Report) by 352.8% during the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 498,727 shares of the company's stock after acquiring an additional 388,584 shares during the period. Barclays PLC owned 0.14% of Payoneer Global worth $3,755,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also modified their holdings of PAYO. Bank of New York Mellon Corp raised its position in shares of Payoneer Global by 1.7% during the 2nd quarter. Bank of New York Mellon Corp now owns 1,971,622 shares of the company's stock valued at $10,923,000 after buying an additional 33,063 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank lifted its stake in shares of Payoneer Global by 7.3% in the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 69,534 shares of the company's stock valued at $385,000 after purchasing an additional 4,738 shares during the last quarter. Sage Rhino Capital LLC purchased a new position in shares of Payoneer Global during the 2nd quarter worth $56,000. Van ECK Associates Corp increased its position in shares of Payoneer Global by 4.3% during the 2nd quarter. Van ECK Associates Corp now owns 82,903 shares of the company's stock worth $459,000 after purchasing an additional 3,444 shares during the last quarter. Finally, CIBC Asset Management Inc raised its holdings in Payoneer Global by 17.3% in the 2nd quarter. CIBC Asset Management Inc now owns 21,096 shares of the company's stock valued at $117,000 after buying an additional 3,117 shares during the period. Hedge funds and other institutional investors own 82.22% of the company's stock.

Insider Buying and Selling at Payoneer Global

In other Payoneer Global news, insider Tsafi Goldman sold 263,873 shares of the 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 transaction, the insider now directly owns 741,748 shares in the company, valued at $7,491,654.80. This represents a 26.24 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, insider Crossover Managemen Technology sold 7,500,000 shares of the stock in a transaction on Monday, November 11th. The shares were 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 in the company, valued at $352,914,237.12. This trade represents a 17.99 % 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 worth $80,708,269 over the last ninety days. Corporate insiders own 5.57% of the company's stock.

Payoneer Global Stock Down 1.1 %

Payoneer Global stock traded down $0.11 during mid-day trading on Monday, reaching $10.01. 371,375 shares of the company's stock were exchanged, compared to its average volume of 2,765,981. Payoneer Global Inc. has a twelve month low of $4.22 and a twelve month high of $11.29. The company has a market cap of $3.57 billion, a P/E ratio of 28.60 and a beta of 0.90. The company has a fifty day moving average of $9.85 and a 200-day moving average of $7.64.

Payoneer Global (NASDAQ:PAYO - Get Free Report) last announced its quarterly earnings data on Tuesday, November 5th. The company reported $0.11 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.04 by $0.07. Payoneer Global had a return on equity of 17.78% and a net margin of 13.82%. The business had revenue of $248.30 million for the quarter, compared to analysts' expectations of $225.44 million. During the same period last year, the firm earned $0.05 earnings per share. The company's revenue for the quarter was up 19.4% compared to the same quarter last year. Equities research analysts expect that Payoneer Global Inc. will post 0.35 earnings per share for the current fiscal year.

Analyst Ratings Changes

PAYO has been the subject of several research analyst reports. 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. Benchmark increased their price objective on shares of Payoneer Global from $10.00 to $12.00 and gave the stock a "buy" rating in a research report on Wednesday, November 6th. The Goldman Sachs Group lifted their target price on shares of 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 cut Payoneer Global from an "outperform" rating to a "market perform" rating and set a $12.00 price target on the stock. in a research note on Monday, December 9th. Finally, Northland Securities lifted their price objective 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 assigned a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, the stock has an average rating of "Buy" and a consensus 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.