Point72 Asset Management L.P. Trims Stock Position in Payoneer Global Inc. (NASDAQ:PAYO)

Point72 Asset Management L.P. lowered its position in Payoneer Global Inc. (NASDAQ:PAYO - Free Report) by 64.1% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 139,281 shares of the company's stock after selling 248,583 shares during the quarter. Point72 Asset Management L.P.'s holdings in Payoneer Global were worth $1,049,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently bought and sold shares of PAYO. Blue Trust Inc. lifted its stake in shares of 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 purchasing an additional 2,552 shares during the last quarter. Quarry LP acquired a new position in Payoneer Global in the second quarter valued at about $29,000. GAMMA Investing LLC increased its position in shares of Payoneer Global by 438.5% during 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 during the last quarter. FSC Wealth Advisors LLC purchased a new stake in shares of Payoneer Global in the 3rd quarter valued at approximately $68,000. Finally, Sage Rhino Capital LLC acquired a new position in shares of Payoneer Global in the 2nd quarter worth approximately $56,000. 82.22% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at Payoneer Global

In other news, CAO Itai Perry sold 3,900 shares of the stock in a transaction dated Wednesday, October 9th. The shares were sold at an average price of $8.00, for a total value of $31,200.00. 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 1.68 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, insider Crossover Managemen Technology sold 7,500,000 shares of the business'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 approximately $352,914,237.12. This represents a 17.99 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 7,562,402 shares of company stock worth $78,043,152 over the last ninety days. 5.57% of the stock is currently owned by company insiders.

Payoneer Global Trading Up 2.2 %

Shares of Payoneer Global stock traded up $0.22 during trading on Wednesday, reaching $10.35. The company's stock had a trading volume of 924,910 shares, compared to its average volume of 2,753,094. The firm has a market cap of $3.69 billion, a PE ratio of 28.94 and a beta of 0.90. The company has a 50-day moving average price of $9.45 and a two-hundred day moving average price of $7.40. Payoneer Global Inc. has a fifty-two week low of $4.22 and a fifty-two week high of $11.29.

Payoneer Global (NASDAQ:PAYO - Get Free Report) last announced its earnings results on Tuesday, November 5th. The company reported $0.11 EPS for the quarter, beating analysts' consensus estimates of $0.04 by $0.07. The business had revenue of $248.30 million during the quarter, compared to analysts' expectations of $225.44 million. Payoneer Global had a net margin of 13.82% and a return on equity of 17.78%. The business's revenue was up 19.4% compared to the same quarter last year. During the same period in the prior year, the company earned $0.05 earnings per share. On average, analysts predict that Payoneer Global Inc. will post 0.32 earnings per share for the current fiscal year.

Analysts Set New Price Targets

A number of research analysts have commented on the company. Northland Securities upped their price target on Payoneer Global from $13.00 to $14.00 and gave the stock an "outperform" rating in a research note on Friday, December 6th. Benchmark raised their target price on Payoneer Global from $10.00 to $12.00 and gave the company a "buy" rating in a report on Wednesday, November 6th. Needham & Company LLC increased their price target on shares of Payoneer Global from $10.00 to $14.00 and gave the stock a "buy" rating in a research report on Wednesday, November 6th. The Goldman Sachs Group raised 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, Keefe, Bruyette & Woods downgraded 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 research note on Monday. One investment analyst has rated the stock with a hold rating, five have given a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of "Buy" and a consensus price target of $11.36.

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.