Payoneer Global Inc. (NASDAQ:PAYO) Shares Sold by SG Americas Securities LLC

SG Americas Securities LLC decreased its holdings in Payoneer Global Inc. (NASDAQ:PAYO - Free Report) by 36.5% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 51,453 shares of the company's stock after selling 29,595 shares during the period. SG Americas Securities LLC's holdings in Payoneer Global were worth $517,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also recently made changes to their positions in the stock. Quarry LP purchased a new stake in shares of Payoneer Global in the 2nd quarter worth approximately $29,000. Blue Trust Inc. boosted its stake in Payoneer Global by 135.2% in the 3rd quarter. Blue Trust Inc. now owns 4,440 shares of the company's stock worth $33,000 after purchasing an additional 2,552 shares in the last quarter. GAMMA Investing LLC increased its position 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 valued at $44,000 after acquiring an additional 4,736 shares during the period. FSC Wealth Advisors LLC purchased a new position in shares of Payoneer Global in the third quarter worth about $68,000. Finally, Advisor Resource Council purchased a new stake in shares of Payoneer Global in the 3rd quarter valued at $105,000. 82.22% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

PAYO has been the topic of several recent research reports. Benchmark upped their price target on shares of Payoneer Global from $10.00 to $12.00 and gave the company a "buy" rating in a report on Wednesday, November 6th. Deutsche Bank Aktiengesellschaft began coverage on Payoneer Global in a report on Monday. They issued a "buy" rating and a $13.00 price target for the company. Keefe, Bruyette & Woods cut their target price on shares of Payoneer Global from $12.00 to $11.00 and set a "market perform" rating for the company in a report on Monday, January 6th. Needham & Company LLC raised their price target 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, Wolfe Research downgraded shares of Payoneer Global from an "outperform" rating to a "peer perform" rating in a research report on Wednesday, January 8th. Two analysts have rated the stock with a hold rating, six have issued a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average target price of $12.00.

Insider Activity at Payoneer Global

In other Payoneer Global news, CAO Itai Perry sold 52,829 shares of the business's stock in a transaction dated Monday, November 18th. The shares were sold at an average price of $10.64, for a total value of $562,100.56. Following the transaction, the chief accounting officer now directly owns 201,882 shares in the company, valued at $2,148,024.48. The trade was a 20.74 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through 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 value of $77,400,000.00. Following the completion of the transaction, the insider now 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 disclosure for this sale can be found here. In the last quarter, insiders sold 7,999,625 shares of company stock valued at $82,498,514. Corporate insiders own 5.57% of the company's stock.

Payoneer Global Stock Up 1.9 %

Shares of Payoneer Global stock traded up $0.21 during mid-day trading on Wednesday, reaching $11.04. 2,712,561 shares of the stock traded hands, compared to its average volume of 2,794,798. The business has a 50-day moving average of $10.37 and a 200 day moving average of $8.72. The stock has a market capitalization of $3.94 billion, a PE ratio of 31.54 and a beta of 0.93. 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 released its earnings results 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. The business had revenue of $248.30 million during the quarter, compared to analyst estimates of $225.44 million. Payoneer Global had a net margin of 13.82% and a return on equity of 17.78%. The company's revenue for the quarter was up 19.4% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.05 earnings per share. On average, equities research analysts expect that Payoneer Global Inc. will post 0.35 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.