Payoneer Global Inc. (NASDAQ:PAYO) Shares Sold by Parallel Advisors LLC

Parallel Advisors LLC trimmed its position in Payoneer Global Inc. (NASDAQ:PAYO) by 13.0% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 675,098 shares of the company’s stock after selling 100,544 shares during the quarter. Parallel Advisors LLC owned approximately 0.18% of Payoneer Global worth $3,740,000 at the end of the most recent reporting period.

Other institutional investors have also modified their holdings of the company. Wellington Management Group LLP raised its stake in Payoneer Global by 68.4% in the fourth quarter. Wellington Management Group LLP now owns 7,784,978 shares of the company’s stock valued at $40,014,000 after buying an additional 3,161,509 shares in the last quarter. American Century Companies Inc. boosted its holdings in Payoneer Global by 241.5% in the second quarter. American Century Companies Inc. now owns 1,643,744 shares of the company’s stock valued at $9,106,000 after purchasing an additional 1,162,481 shares in the last quarter. Shell Asset Management Co. purchased a new position in Payoneer Global in the first quarter valued at approximately $5,360,000. Vanguard Group Inc. raised its holdings in Payoneer Global by 2.8% during the fourth quarter. Vanguard Group Inc. now owns 28,579,172 shares of the company’s stock worth $148,897,000 after purchasing an additional 787,509 shares in the last quarter. Finally, Hillsdale Investment Management Inc. lifted its position in shares of Payoneer Global by 69,768.4% during the 4th quarter. Hillsdale Investment Management Inc. now owns 663,750 shares of the company’s stock worth $3,458,000 after buying an additional 662,800 shares during the last quarter. 82.22% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at Payoneer Global

In other Payoneer Global news, Director Scott H. Galit sold 10,601 shares of the business’s stock in a transaction that occurred on Tuesday, July 16th. The stock was sold at an average price of $5.52, for a total transaction of $58,517.52. Following the transaction, the director now owns 2,122,421 shares in the company, valued at approximately $11,715,763.92. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other Payoneer Global news, Director Scott H. Galit sold 10,601 shares of the firm’s stock in a transaction on Tuesday, July 16th. The stock was sold at an average price of $5.52, for a total value of $58,517.52. Following the completion of the sale, the director now owns 2,122,421 shares of the company’s stock, valued at $11,715,763.92. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Also, Director Scott H. Galit sold 150,000 shares of the business’s stock in a transaction on Wednesday, August 28th. The stock was sold at an average price of $7.07, for a total transaction of $1,060,500.00. Following the sale, the director now owns 1,809,674 shares in the company, valued at $12,794,395.18. The disclosure for this sale can be found here. Insiders sold a total of 1,890,082 shares of company stock worth $10,516,245 over the last 90 days. Company insiders own 5.57% of the company’s stock.

Payoneer Global Trading Down 1.3 %

NASDAQ:PAYO opened at $7.38 on Friday. Payoneer Global Inc. has a 12-month low of $4.22 and a 12-month high of $7.59. The stock’s 50 day simple moving average is $6.36 and its 200-day simple moving average is $5.62. The firm has a market cap of $2.82 billion, a P/E ratio of 24.60 and a beta of 0.85.

Payoneer Global (NASDAQ:PAYO) last announced its quarterly earnings data on Wednesday, August 7th. The company reported $0.09 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.06 by $0.03. Payoneer Global had a net margin of 11.25% and a return on equity of 15.28%. The company had revenue of $239.50 million for the quarter, compared to analysts’ expectations of $223.12 million. During the same period in the previous year, the company posted $0.12 EPS. Payoneer Global’s revenue was up 15.9% compared to the same quarter last year. Research analysts forecast that Payoneer Global Inc. will post 0.25 EPS for the current fiscal year.

Wall Street Analyst Weigh In

PAYO has been the topic of a number of recent analyst reports. Northland Securities increased their target price on shares of Payoneer Global from $9.00 to $10.00 and gave the company an “outperform” rating in a research report on Tuesday, September 10th. Needham & Company LLC upped their target price on Payoneer Global from $8.00 to $9.00 and gave the company a “buy” rating in a research report on Thursday, August 8th. Citigroup raised their price target on Payoneer Global from $7.00 to $8.50 and gave the stock a “buy” rating in a research note on Monday, August 12th. Benchmark reiterated a “buy” rating and issued a $9.00 price objective on shares of Payoneer Global in a research note on Thursday, August 8th. Finally, The Goldman Sachs Group raised their target price on shares of Payoneer Global from $6.50 to $8.00 and gave the stock a “buy” rating in a research report on Thursday, August 8th. Six investment analysts have rated the stock with a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, Payoneer Global currently has an average rating of “Buy” and a consensus target price of $8.50.

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.