Wedge Capital Management L L P NC Buys Shares of 200,452 Payoneer Global Inc. (NASDAQ:PAYO)

Wedge Capital Management L L P NC bought a new position in shares of Payoneer Global Inc. (NASDAQ:PAYO - Free Report) in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund bought 200,452 shares of the company's stock, valued at approximately $1,509,000. Wedge Capital Management L L P NC owned about 0.05% of Payoneer Global at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently modified their holdings of the business. Quarry LP acquired a new position in shares of Payoneer Global during the 2nd quarter worth approximately $29,000. GAMMA Investing LLC lifted its position in shares of 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 acquiring an additional 4,736 shares in the last quarter. SageView Advisory Group LLC acquired a new stake in shares of Payoneer Global during the first quarter valued at $39,000. Harel Insurance Investments & Financial Services Ltd. increased its position in Payoneer Global by 27.8% during the 1st quarter. Harel Insurance Investments & Financial Services Ltd. now owns 9,541 shares of the company's stock worth $46,000 after purchasing an additional 2,074 shares in the last quarter. Finally, Sage Rhino Capital LLC acquired a new position in Payoneer Global in the 2nd quarter valued at about $56,000. Hedge funds and other institutional investors own 82.22% of the company's stock.

Insider Activity at Payoneer Global

In other Payoneer Global news, CAO Itai Perry sold 4,100 shares of the business's stock in a transaction that occurred on Tuesday, October 15th. The shares were sold at an average price of $8.00, for a total transaction of $32,800.00. Following the completion of the sale, the chief accounting officer now directly owns 228,738 shares in the company, valued at $1,829,904. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. In other news, Director Scott H. Galit sold 150,000 shares of the stock in a transaction dated Wednesday, August 28th. The stock was sold at an average price of $7.07, for a total value of $1,060,500.00. Following the completion of the sale, the director now owns 1,809,674 shares in the company, valued at approximately $12,794,395.18. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CAO Itai Perry sold 4,100 shares of the business's stock in a transaction that occurred on Tuesday, October 15th. The stock was sold at an average price of $8.00, for a total value of $32,800.00. Following the transaction, the chief accounting officer now directly owns 228,738 shares in the company, valued at $1,829,904. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 158,000 shares of company stock worth $1,124,500. Company insiders own 5.57% of the company's stock.

Wall Street Analyst Weigh In

Several equities research analysts have issued reports on the stock. Benchmark reaffirmed a "buy" rating and set a $9.00 price target on shares of Payoneer Global in a research note on Thursday, August 8th. Cantor Fitzgerald upgraded Payoneer Global to a "strong-buy" rating in a report on Monday, August 12th. Needham & Company LLC increased their price target on Payoneer Global from $9.00 to $10.00 and gave the stock a "buy" rating in a research note on Monday, October 7th. Northland Securities lifted their price objective on Payoneer Global from $9.00 to $10.00 and gave the company an "outperform" rating in a research report on Tuesday, September 10th. Finally, Keefe, Bruyette & Woods upped their target price on Payoneer Global from $7.00 to $8.00 and gave the company an "outperform" rating in a research note on Thursday, August 8th. 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, the company has a consensus rating of "Buy" and a consensus price target of $8.79.

Payoneer Global Stock Up 1.5 %

Shares of PAYO stock traded up $0.12 on Thursday, reaching $8.22. 1,419,027 shares of the stock were exchanged, compared to its average volume of 2,622,771. Payoneer Global Inc. has a 1-year low of $4.22 and a 1-year high of $8.25. The stock has a market cap of $3.07 billion, a P/E ratio of 27.33 and a beta of 0.85. The firm has a 50 day moving average of $7.37 and a two-hundred day moving average of $6.11.

Payoneer Global (NASDAQ:PAYO - Get Free Report) last announced its quarterly earnings results on Wednesday, August 7th. The company reported $0.09 EPS for the quarter, topping the consensus estimate of $0.06 by $0.03. The company had revenue of $239.50 million during the quarter, compared to analyst estimates of $223.12 million. Payoneer Global had a return on equity of 15.28% and a net margin of 11.25%. The firm's revenue was up 15.9% on a year-over-year basis. During the same period in the prior year, the firm posted $0.12 earnings per share. On average, equities research analysts predict that Payoneer Global Inc. will post 0.25 EPS for the current fiscal 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.