Fmr LLC Grows Holdings in Payoneer Global Inc. (NASDAQ:PAYO)

FMR LLC raised its position in Payoneer Global Inc. (NASDAQ:PAYO - Free Report) by 17.2% during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,129,312 shares of the company's stock after purchasing an additional 165,913 shares during the period. FMR LLC owned about 0.30% of Payoneer Global worth $8,504,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. AXA S.A. lifted its holdings in Payoneer Global by 1,394.5% in the 2nd quarter. AXA S.A. now owns 14,176,485 shares of the company's stock valued at $78,538,000 after purchasing an additional 13,227,884 shares in the last quarter. Millennium Management LLC lifted its holdings in Payoneer Global by 17.3% in the 2nd quarter. Millennium Management LLC now owns 6,764,016 shares of the company's stock valued at $37,473,000 after purchasing an additional 995,366 shares in the last quarter. Dimensional Fund Advisors LP lifted its holdings in Payoneer Global by 22.7% in the 2nd quarter. Dimensional Fund Advisors LP now owns 4,593,005 shares of the company's stock valued at $25,446,000 after purchasing an additional 849,680 shares in the last quarter. Victory Capital Management Inc. lifted its holdings in Payoneer Global by 17.1% in the 2nd quarter. Victory Capital Management Inc. now owns 4,417,785 shares of the company's stock valued at $24,475,000 after purchasing an additional 645,887 shares in the last quarter. Finally, Renaissance Technologies LLC lifted its holdings in Payoneer Global by 18.1% in the 2nd quarter. Renaissance Technologies LLC now owns 3,444,322 shares of the company's stock valued at $19,082,000 after purchasing an additional 527,222 shares in the last quarter. 82.22% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of research firms have issued reports on PAYO. Keefe, Bruyette & Woods lowered shares of Payoneer Global from an "outperform" rating to a "market perform" rating and set a $12.00 target price on the stock. in a report on Monday. Benchmark upped their price objective on shares of Payoneer Global from $10.00 to $12.00 and gave the company a "buy" rating in a research note on Wednesday, November 6th. Needham & Company LLC upped their price objective on shares of Payoneer Global from $10.00 to $14.00 and gave the company a "buy" rating in a research note on Wednesday, November 6th. The Goldman Sachs Group upped their price objective on shares of Payoneer Global from $9.00 to $12.00 and gave the company a "buy" rating in a research note on Wednesday, November 6th. Finally, Northland Securities upped their price objective on shares of Payoneer Global from $13.00 to $14.00 and gave the company an "outperform" rating in a research note on Friday, December 6th. One research analyst has rated the stock with a hold rating, five have assigned a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, the company has a consensus rating of "Buy" and an average price target of $11.36.

Payoneer Global Stock Performance

PAYO traded down $0.05 on Thursday, reaching $10.31. 1,457,211 shares of the company's stock were exchanged, compared to its average volume of 2,754,068. The company's 50 day moving average is $9.51 and its 200-day moving average is $7.42. The company has a market cap of $3.68 billion, a price-to-earnings ratio of 29.60 and a beta of 0.90. Payoneer Global Inc. has a twelve month low of $4.22 and a twelve month high of $11.29.

Payoneer Global (NASDAQ:PAYO - Get Free Report) last posted its 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 during the quarter, compared to the consensus estimate of $225.44 million. Payoneer Global had a net margin of 13.82% and a return on equity of 17.78%. The company's revenue was up 19.4% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.05 EPS. Sell-side analysts forecast that Payoneer Global Inc. will post 0.32 EPS for the current year.

Insider Buying and Selling

In other Payoneer Global news, insider Tsafi Goldman sold 263,873 shares of the company's 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 completion of the transaction, the insider now owns 741,748 shares in the company, valued at $7,491,654.80. This represents a 26.24 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, 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 value of $562,100.56. Following the completion of the transaction, the chief accounting officer now 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 disclosure for this sale can be found here. In the last quarter, insiders sold 7,826,275 shares of company stock valued at $80,708,269. 5.57% of the stock is currently owned by corporate insiders.

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.