Intech Investment Management LLC Purchases Shares of 60,816 Payoneer Global Inc. (NASDAQ:PAYO)

Intech Investment Management LLC bought a new position in shares of Payoneer Global Inc. (NASDAQ:PAYO - Free Report) in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm bought 60,816 shares of the company's stock, valued at approximately $458,000.

Several other hedge funds and other institutional investors have also recently bought and sold shares of PAYO. Quest Partners LLC bought a new stake in Payoneer Global in the third quarter valued at $415,000. Royce & Associates LP boosted its holdings in Payoneer Global by 49.3% in the third quarter. Royce & Associates LP now owns 234,010 shares of the company's stock worth $1,762,000 after acquiring an additional 77,232 shares in the last quarter. Los Angeles Capital Management LLC acquired a new stake in Payoneer Global in the third quarter valued at approximately $210,000. Advisor Resource Council bought a new stake in shares of Payoneer Global during the third quarter valued at approximately $105,000. Finally, Van ECK Associates Corp raised its position in shares of Payoneer Global by 1.6% during the third quarter. Van ECK Associates Corp now owns 84,209 shares of the company's stock worth $634,000 after purchasing an additional 1,306 shares during the period. 82.22% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at Payoneer Global

In other news, CAO Itai Perry sold 4,100 shares of Payoneer Global 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 completion of the transaction, the chief accounting officer now owns 228,738 shares in the company, valued at $1,829,904. This trade represents a 1.76 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Crossover Managemen Technology sold 7,500,000 shares of the company's stock in a transaction that occurred 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 sale, the insider now owns 34,197,116 shares in the company, valued at $352,914,237.12. The trade was a 17.99 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 7,562,402 shares of company stock valued at $78,043,152. Company insiders own 5.57% of the company's stock.

Payoneer Global Price Performance

Shares of Payoneer Global stock traded up $0.03 during trading hours on Tuesday, hitting $10.66. 2,245,231 shares of the company's stock traded hands, compared to its average volume of 2,756,945. The stock has a market capitalization of $3.80 billion, a price-to-earnings ratio of 30.46 and a beta of 0.90. Payoneer Global Inc. has a 12-month low of $4.22 and a 12-month high of $11.29. The company has a fifty day simple moving average of $9.10 and a 200-day simple moving average of $7.21.

Payoneer Global (NASDAQ:PAYO - Get Free Report) last posted its quarterly earnings data 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. 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 company posted $0.05 earnings per share. The firm's quarterly revenue was up 19.4% compared to the same quarter last year. On average, analysts forecast that Payoneer Global Inc. will post 0.32 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Several research firms recently issued reports on PAYO. Citigroup lifted their price target on shares of Payoneer Global from $7.00 to $8.50 and gave the company a "buy" rating in a research 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. Keefe, Bruyette & Woods lifted their price target on Payoneer Global from $9.00 to $12.00 and gave the company an "outperform" rating in a research note on Wednesday, November 6th. Northland Securities raised 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. Finally, The Goldman Sachs Group upped their price target on Payoneer Global from $9.00 to $12.00 and gave the stock a "buy" rating in a report on Wednesday, November 6th. Six equities research analysts have rated the stock with a buy rating and one has issued a strong buy rating to the company's stock. Based on data from MarketBeat.com, Payoneer Global currently has a consensus rating of "Buy" and a consensus 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.