Payoneer Global Inc. (NASDAQ:PAYO) Shares Sold by UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lowered its position in Payoneer Global Inc. (NASDAQ:PAYO - Free Report) by 10.6% during the third quarter, according to its most recent filing with the SEC. The institutional investor owned 580,127 shares of the company's stock after selling 69,008 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC owned 0.15% of Payoneer Global worth $4,368,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Quarry LP acquired a new stake in shares of Payoneer Global in the second quarter valued at approximately $29,000. Blue Trust Inc. grew its holdings in Payoneer Global by 135.2% in the 3rd quarter. Blue Trust Inc. now owns 4,440 shares of the company's stock valued at $33,000 after buying an additional 2,552 shares in the last quarter. GAMMA Investing LLC increased its stake in shares of Payoneer Global by 438.5% in the 3rd quarter. GAMMA Investing LLC now owns 5,816 shares of the company's stock worth $44,000 after acquiring an additional 4,736 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. Finally, FSC Wealth Advisors LLC acquired a new position in shares of Payoneer Global during the 3rd quarter valued at about $68,000. Institutional investors and hedge funds own 82.22% of the company's stock.

Payoneer Global Trading Down 0.3 %

Payoneer Global stock traded down $0.03 during trading on Friday, hitting $10.28. The company had a trading volume of 1,469,448 shares, compared to its average volume of 2,751,100. The stock has a market cap of $3.67 billion, a price-to-earnings ratio of 29.46 and a beta of 0.90. Payoneer Global Inc. has a 1-year low of $4.22 and a 1-year high of $11.29. The company's 50 day simple moving average is $9.56 and its 200-day simple moving average is $7.44.

Payoneer Global (NASDAQ:PAYO - Get Free Report) last issued its quarterly earnings data on Tuesday, November 5th. The company reported $0.11 earnings per share for the quarter, beating analysts' consensus estimates 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 during the quarter, compared to analysts' expectations of $225.44 million. During the same period in the previous year, the firm posted $0.05 earnings per share. The company's revenue was up 19.4% on a year-over-year basis. As a group, analysts forecast that Payoneer Global Inc. will post 0.35 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other news, insider Crossover Managemen Technology sold 7,500,000 shares of the company's stock in a transaction on 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 owns 34,197,116 shares of the company's stock, valued at approximately $352,914,237.12. This represents a 17.99 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Tsafi Goldman sold 263,873 shares of the stock in a transaction 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 completion of the sale, the insider now owns 741,748 shares in the company, valued at approximately $7,491,654.80. The trade was a 26.24 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 7,826,275 shares of company stock worth $80,708,269 over the last three months. Company insiders own 5.57% of the company's stock.

Analyst Upgrades and Downgrades

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