Payoneer Global Inc. (NASDAQ:PAYO) Shares Sold by Public Employees Retirement Association of Colorado

Public Employees Retirement Association of Colorado lessened its stake in Payoneer Global Inc. (NASDAQ:PAYO) by 6.4% in the 2nd quarter, according to its most recent filing with the SEC. The fund owned 42,719 shares of the company’s stock after selling 2,913 shares during the period. Public Employees Retirement Association of Colorado’s holdings in Payoneer Global were worth $237,000 at the end of the most recent quarter.

Several other institutional investors have also recently added to or reduced their stakes in the stock. SageView Advisory Group LLC purchased a new position in shares of Payoneer Global during the first quarter worth $39,000. Harel Insurance Investments & Financial Services Ltd. boosted its holdings in Payoneer Global by 27.8% during the 1st quarter. Harel Insurance Investments & Financial Services Ltd. now owns 9,541 shares of the company’s stock valued at $46,000 after acquiring an additional 2,074 shares during the period. Blueshift Asset Management LLC acquired a new position in Payoneer Global in the 4th quarter valued at about $56,000. Sage Rhino Capital LLC purchased a new stake in Payoneer Global during the second quarter worth about $56,000. Finally, Citizens Financial Group Inc. RI acquired a new stake in shares of Payoneer Global during the second quarter worth about $94,000. Institutional investors and hedge funds own 82.22% of the company’s stock.

Insiders Place Their Bets

In other news, Director Scott H. Galit sold 150,000 shares of the stock in a transaction that occurred on Wednesday, August 28th. The stock was sold at an average price of $7.07, for a total value of $1,060,500.00. Following the completion of the sale, the director now directly owns 1,809,674 shares of the company’s stock, valued at $12,794,395.18. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. In other Payoneer Global news, Director Scott H. Galit sold 400,300 shares of the company’s stock in a transaction that occurred on Wednesday, July 10th. The stock was sold at an average price of $5.34, for a total transaction of $2,137,602.00. Following the completion of the sale, the director now directly owns 2,122,421 shares of the company’s stock, valued at approximately $11,333,728.14. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Scott H. Galit sold 150,000 shares of the stock in a transaction that occurred on Wednesday, August 28th. The stock was sold at an average price of $7.07, for a total value of $1,060,500.00. Following the sale, the director now directly owns 1,809,674 shares of the company’s stock, valued at $12,794,395.18. The disclosure for this sale can be found here. Insiders have sold a total of 1,890,082 shares of company stock valued at $10,516,245 over the last quarter. Company insiders own 5.57% of the company’s stock.

Payoneer Global Trading Down 0.7 %

Shares of Payoneer Global stock opened at $7.61 on Friday. The company has a fifty day simple moving average of $6.79 and a 200-day simple moving average of $5.83. The stock has a market cap of $2.84 billion, a price-to-earnings ratio of 25.37 and a beta of 0.85. Payoneer Global Inc. has a 12-month low of $4.22 and a 12-month high of $7.73.

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

Wall Street Analysts Forecast Growth

PAYO has been the subject of a number of research reports. Needham & Company LLC lifted their price objective on shares of Payoneer Global from $8.00 to $9.00 and gave the company a “buy” rating in a report on Thursday, August 8th. Northland Securities upped their price objective on Payoneer Global from $9.00 to $10.00 and gave the stock an “outperform” rating in a research report on Tuesday, September 10th. Cantor Fitzgerald upgraded Payoneer Global to a “strong-buy” rating in a report on Monday, August 12th. Keefe, Bruyette & Woods upped their price target on Payoneer Global from $7.00 to $8.00 and gave the stock an “outperform” rating in a report on Thursday, August 8th. Finally, 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. Six analysts have rated the stock with a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, Payoneer Global currently has an average rating of “Buy” and a consensus price target of $8.50.

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.