Payoneer Global Inc. (NASDAQ:PAYO) Shares Bought by Tidal Investments LLC

Tidal Investments LLC raised its stake in Payoneer Global Inc. (NASDAQ:PAYO) by 4.6% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 195,407 shares of the company’s stock after purchasing an additional 8,637 shares during the period. Tidal Investments LLC’s holdings in Payoneer Global were worth $1,471,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds also recently bought and sold shares of the company. Victory Capital Management Inc. raised its position in Payoneer Global by 17.1% in the 2nd quarter. Victory Capital Management Inc. now owns 4,417,785 shares of the company’s stock valued at $24,475,000 after purchasing an additional 645,887 shares in the last quarter. Charles Schwab Investment Management Inc. raised its position in shares of Payoneer Global by 3.0% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 2,337,156 shares of the company’s stock worth $17,599,000 after acquiring an additional 67,255 shares in the last quarter. Quest Partners LLC acquired a new stake in shares of Payoneer Global during the 3rd quarter worth about $415,000. Wedge Capital Management L L P NC acquired a new stake in shares of Payoneer Global during the 3rd quarter worth about $1,509,000. Finally, Great Lakes Advisors LLC raised its position in shares of Payoneer Global by 172.1% during the 2nd quarter. Great Lakes Advisors LLC now owns 763,037 shares of the company’s stock worth $4,227,000 after acquiring an additional 482,590 shares in the last quarter. Institutional investors and hedge funds own 82.22% of the company’s stock.

Analyst Upgrades and Downgrades

Several research analysts have commented on PAYO shares. Benchmark lifted their price target on 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 lifted their price target on Payoneer Global from $13.00 to $14.00 and gave the stock an “outperform” rating in a research report on Friday, December 6th. The Goldman Sachs Group lifted their price target on Payoneer Global from $9.00 to $12.00 and gave the stock a “buy” rating in a research report on Wednesday, November 6th. Keefe, Bruyette & Woods downgraded 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, December 9th. Finally, Needham & Company LLC lifted their target price on Payoneer Global from $10.00 to $14.00 and gave the company a “buy” rating in a research note on Wednesday, November 6th. One research 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’s stock. According to MarketBeat, the stock currently has an average rating of “Buy” and a consensus target price of $11.36.

Payoneer Global Price Performance

Payoneer Global stock opened at $10.27 on Wednesday. Payoneer Global Inc. has a 1-year low of $4.22 and a 1-year high of $11.29. The company has a market cap of $3.66 billion, a PE ratio of 29.34 and a beta of 0.90. The stock’s 50 day moving average price is $9.72 and its 200 day moving average price is $7.56.

Payoneer Global (NASDAQ:PAYO) last posted its earnings results on Tuesday, November 5th. The company reported $0.11 EPS for the quarter, topping 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 company had revenue of $248.30 million for the quarter, compared to the consensus estimate of $225.44 million. During the same period in the previous year, the business earned $0.05 earnings per share. Payoneer Global’s quarterly revenue was up 19.4% compared to the same quarter last year. On average, equities research analysts anticipate that Payoneer Global Inc. will post 0.35 EPS for the current fiscal year.

Insider Activity at Payoneer Global

In other news, 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 of the company’s stock, valued at approximately $1,829,904. This trade represents a 1.76 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, insider Tsafi Goldman sold 263,873 shares of the firm’s stock in a transaction dated 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 directly owns 741,748 shares in the company, valued at approximately $7,491,654.80. This represents a 26.24 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 7,826,275 shares of company stock worth $80,708,269 in the last three months. 5.57% of the stock is owned by company insiders.

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.