GSA Capital Partners LLP Sells 165,278 Shares of Payoneer Global Inc. (NASDAQ:PAYO)

GSA Capital Partners LLP reduced its stake in Payoneer Global Inc. (NASDAQ:PAYO - Free Report) by 72.0% during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 64,398 shares of the company's stock after selling 165,278 shares during the period. GSA Capital Partners LLP's holdings in Payoneer Global were worth $485,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Van ECK Associates Corp grew its stake in shares of Payoneer Global by 1.6% in the third quarter. Van ECK Associates Corp now owns 84,209 shares of the company's stock valued at $634,000 after acquiring an additional 1,306 shares in the last quarter. Xponance Inc. lifted its position in Payoneer Global by 12.1% during the second quarter. Xponance Inc. now owns 17,928 shares of the company's stock worth $99,000 after purchasing an additional 1,942 shares during the period. Y.D. More Investments Ltd lifted its position in Payoneer Global by 11.7% during the second quarter. Y.D. More Investments Ltd now owns 22,142 shares of the company's stock worth $122,000 after purchasing an additional 2,328 shares during the period. Blue Trust Inc. lifted its position in Payoneer Global by 135.2% during the third quarter. Blue Trust Inc. now owns 4,440 shares of the company's stock worth $33,000 after purchasing an additional 2,552 shares during the period. Finally, CIBC Asset Management Inc lifted its position in Payoneer Global by 17.3% during the second quarter. CIBC Asset Management Inc now owns 21,096 shares of the company's stock worth $117,000 after purchasing an additional 3,117 shares during the period. 82.22% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

PAYO has been the subject of a number of research reports. Benchmark increased their target price on shares of Payoneer Global from $10.00 to $12.00 and gave the stock a "buy" rating in a report on Wednesday, November 6th. Citigroup raised their price objective on shares of Payoneer Global from $7.00 to $8.50 and gave the company a "buy" rating in a report on Monday, August 12th. Cantor Fitzgerald raised shares of Payoneer Global to a "strong-buy" rating in a research report on Monday, August 12th. Needham & Company LLC increased their target price on shares of Payoneer Global from $10.00 to $14.00 and gave the company a "buy" rating in a research report on Wednesday, November 6th. Finally, The Goldman Sachs Group raised their price objective on shares of Payoneer Global from $9.00 to $12.00 and gave the stock a "buy" rating in a research report on Wednesday, November 6th. Six research analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of "Buy" and a consensus price target of $10.79.

Insider Transactions at Payoneer Global

In other news, insider Crossover Managemen Technology sold 7,500,000 shares of the company's stock in a transaction dated Monday, November 11th. The stock was sold at an average price of $10.32, for a total transaction of $77,400,000.00. Following the sale, the insider now directly owns 34,197,116 shares in the company, valued at $352,914,237.12. This represents a 17.99 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this link. Also, CAO Itai Perry sold 4,100 shares of the company's stock in a transaction dated Tuesday, October 15th. The shares were sold at an average price of $8.00, for a total value of $32,800.00. Following the sale, the chief accounting officer now owns 228,738 shares in the company, valued at approximately $1,829,904. This represents a 1.76 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 7,658,000 shares of company stock worth $78,524,500 in the last ninety days. Company insiders own 5.57% of the company's stock.

Payoneer Global Trading Up 0.2 %

NASDAQ PAYO traded up $0.02 during mid-day trading on Wednesday, hitting $10.85. The company's stock had a trading volume of 3,793,915 shares, compared to its average volume of 2,753,338. The company's 50 day simple moving average is $8.56 and its 200 day simple moving average is $6.91. Payoneer Global Inc. has a twelve month low of $4.22 and a twelve month high of $10.96. The firm has a market capitalization of $3.87 billion, a price-to-earnings ratio of 31.00 and a beta of 0.82.

Payoneer Global (NASDAQ:PAYO - Get Free Report) last posted its quarterly earnings results 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 net margin of 13.82% and a return on equity of 17.78%. The business had revenue of $248.30 million during the quarter, compared to the consensus estimate of $225.44 million. During the same quarter last year, the firm posted $0.05 EPS. Payoneer Global's revenue was up 19.4% compared to the same quarter last year. As a group, research analysts forecast that Payoneer Global Inc. will post 0.32 EPS for the current year.

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.