Payoneer Global Inc. (NASDAQ:PAYO) Shares Sold by Two Sigma Advisers LP

Two Sigma Advisers LP lowered its holdings in Payoneer Global Inc. (NASDAQ:PAYO - Free Report) by 25.0% in the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 2,068,900 shares of the company's stock after selling 689,100 shares during the quarter. Two Sigma Advisers LP owned approximately 0.54% of Payoneer Global worth $15,579,000 at the end of the most recent reporting period.

Other hedge funds have also recently modified their holdings of the company. SG Americas Securities LLC raised its stake in Payoneer Global by 993.8% in the second quarter. SG Americas Securities LLC now owns 169,184 shares of the company's stock worth $937,000 after buying an additional 153,716 shares in the last quarter. Bank of New York Mellon Corp raised its position in shares of Payoneer Global by 1.7% in the 2nd quarter. Bank of New York Mellon Corp now owns 1,971,622 shares of the company's stock worth $10,923,000 after acquiring an additional 33,063 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank lifted its stake in shares of Payoneer Global by 7.3% during the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 69,534 shares of the company's stock worth $385,000 after purchasing an additional 4,738 shares during the last quarter. Sage Rhino Capital LLC bought a new stake in Payoneer Global during the second quarter valued at about $56,000. Finally, Van ECK Associates Corp grew its stake in Payoneer Global by 4.3% in the second quarter. Van ECK Associates Corp now owns 82,903 shares of the company's stock valued at $459,000 after purchasing an additional 3,444 shares during the last quarter. Hedge funds and other institutional investors own 82.22% of the company's stock.

Payoneer Global Price Performance

Payoneer Global stock traded down $0.83 during mid-day trading on Monday, reaching $10.12. 4,033,543 shares of the company traded hands, compared to its average volume of 2,758,221. The firm's fifty day moving average is $9.35 and its two-hundred day moving average is $7.35. The company has a market capitalization of $3.61 billion, a price-to-earnings ratio of 31.29 and a beta of 0.90. 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, beating the consensus estimate of $0.04 by $0.07. Payoneer Global had a return on equity of 17.78% and a net margin of 13.82%. The firm had revenue of $248.30 million for the quarter, compared to the consensus estimate of $225.44 million. During the same period in the prior year, the firm earned $0.05 EPS. The firm's revenue was up 19.4% on a year-over-year basis. As a group, equities research analysts predict that Payoneer Global Inc. will post 0.32 earnings per share for the current year.

Insider Transactions at Payoneer Global

In other news, 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 value of $77,400,000.00. Following the completion of the transaction, the insider now owns 34,197,116 shares of the company's stock, valued at $352,914,237.12. The trade was a 17.99 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, CAO Itai Perry sold 4,100 shares of the firm's stock in a transaction dated Tuesday, October 15th. The stock was sold at an average price of $8.00, for a total value of $32,800.00. Following the sale, the chief accounting officer now directly owns 228,738 shares in the company, valued at approximately $1,829,904. This trade represents a 1.76 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 7,562,402 shares of company stock worth $78,043,152 over the last three months. 5.57% of the stock is currently owned by insiders.

Analysts Set New Price Targets

Several analysts have commented on the stock. The Goldman Sachs Group increased their price target on shares of Payoneer Global from $9.00 to $12.00 and gave the company a "buy" rating in a research report on Wednesday, November 6th. Needham & Company LLC increased their target price 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. Keefe, Bruyette & Woods lowered shares of Payoneer Global from an "outperform" rating to a "market perform" rating and set a $12.00 price target on the stock. in a report on Monday. Northland Securities increased their price objective on Payoneer Global from $13.00 to $14.00 and gave the company an "outperform" rating in a report on Friday. Finally, Cantor Fitzgerald raised Payoneer Global to a "strong-buy" rating in a research report on Monday, August 12th. One investment analyst has rated the stock with a hold rating, five have assigned a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, Payoneer Global has a consensus rating of "Buy" and a consensus target price of $11.36.

Payoneer Global Company 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.