Payoneer Global Inc. (NASDAQ:PAYO) Shares Bought by Vanguard Group Inc.

Vanguard Group Inc. lifted its stake in shares of Payoneer Global Inc. (NASDAQ:PAYO - Free Report) by 4.4% in the third quarter, according to the company in its most recent filing with the SEC. The fund owned 27,791,663 shares of the company's stock after buying an additional 1,166,894 shares during the quarter. Vanguard Group Inc. owned about 7.68% of Payoneer Global worth $170,085,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also bought and sold shares of the stock. Hudson Bay Capital Management LP boosted its stake in Payoneer Global by 100.0% in the 3rd quarter. Hudson Bay Capital Management LP now owns 600,000 shares of the company's stock valued at $3,672,000 after purchasing an additional 300,000 shares during the period. American Century Companies Inc. boosted its position in shares of Payoneer Global by 15.7% in the third quarter. American Century Companies Inc. now owns 228,899 shares of the company's stock valued at $1,401,000 after acquiring an additional 31,033 shares during the period. Jacobs Levy Equity Management Inc. grew its stake in shares of Payoneer Global by 85.1% in the third quarter. Jacobs Levy Equity Management Inc. now owns 2,979,701 shares of the company's stock valued at $18,236,000 after acquiring an additional 1,370,007 shares in the last quarter. The Manufacturers Life Insurance Company increased its position in Payoneer Global by 27.3% during the third quarter. The Manufacturers Life Insurance Company now owns 138,427 shares of the company's stock worth $847,000 after acquiring an additional 29,672 shares during the period. Finally, GSA Capital Partners LLP acquired a new stake in Payoneer Global in the 3rd quarter worth about $110,000. Institutional investors and hedge funds own 82.22% of the company's stock.

Insider Buying and Selling

In other news, insider Tsafi Goldman sold 6,118 shares of Payoneer Global stock in a transaction dated Friday, February 23rd. The stock was sold at an average price of $5.45, for a total transaction of $33,343.10. Following the sale, the insider now directly owns 858,332 shares of the company's stock, valued at $4,677,909.40. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other Payoneer Global news, insider Tsafi Goldman sold 6,118 shares of the company's stock in a transaction that occurred on Friday, February 23rd. The shares were sold at an average price of $5.45, for a total value of $33,343.10. Following the completion of the transaction, the insider now directly owns 858,332 shares in the company, valued at approximately $4,677,909.40. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Also, Director Scott H. Galit sold 16,697 shares of the firm's stock in a transaction on Tuesday, February 20th. The shares were sold at an average price of $5.39, for a total transaction of $89,996.83. Following the transaction, the director now directly owns 3,156,731 shares of the company's stock, valued at approximately $17,014,780.09. The disclosure for this sale can be found here. Insiders have sold 796,105 shares of company stock worth $3,744,909 in the last 90 days. Insiders own 5.57% of the company's stock.

Wall Street Analysts Forecast Growth

A number of research firms have recently weighed in on PAYO. The Goldman Sachs Group dropped their price target on shares of Payoneer Global from $7.00 to $6.00 and set a "buy" rating for the company in a research report on Thursday, January 11th. Cantor Fitzgerald cut their target price on Payoneer Global from $8.00 to $7.00 and set an "overweight" rating for the company in a research report on Friday, March 1st. Citigroup decreased their price target on Payoneer Global from $7.50 to $6.00 and set a "buy" rating on the stock in a research report on Thursday, March 21st. Benchmark reaffirmed a "buy" rating and set a $7.00 price objective on shares of Payoneer Global in a research report on Tuesday, March 26th. Finally, Keefe, Bruyette & Woods decreased their target price on shares of Payoneer Global from $7.00 to $6.00 and set an "outperform" rating on the stock in a report on Thursday, February 29th. Seven equities research analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, Payoneer Global presently has a consensus rating of "Buy" and an average price target of $6.57.

Payoneer Global Price Performance

Shares of PAYO traded up $0.03 during mid-day trading on Monday, reaching $4.89. The company had a trading volume of 2,069,722 shares, compared to its average volume of 2,668,317. The company's 50 day simple moving average is $4.87 and its 200 day simple moving average is $5.26. The company has a market capitalization of $1.80 billion, a price-to-earnings ratio of 20.38 and a beta of 0.81. Payoneer Global Inc. has a 1-year low of $4.02 and a 1-year high of $6.48. The company has a debt-to-equity ratio of 0.03, a quick ratio of 1.09 and a current ratio of 1.09.

Payoneer Global (NASDAQ:PAYO - Get Free Report) last posted its earnings results on Wednesday, February 28th. The company reported $0.05 earnings per share for the quarter, hitting analysts' consensus estimates of $0.05. The firm had revenue of $224.32 million for the quarter, compared to analysts' expectations of $223.65 million. Payoneer Global had a net margin of 11.23% and a return on equity of 14.80%. Analysts expect that Payoneer Global Inc. will post 0.22 EPS for the current year.

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.