SG Americas Securities LLC Has $610,000 Stock Holdings in Payoneer Global Inc. (NASDAQ:PAYO)

SG Americas Securities LLC decreased its position in shares of Payoneer Global Inc. (NASDAQ:PAYO) by 52.1% during the 3rd quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 81,048 shares of the company’s stock after selling 88,136 shares during the quarter. SG Americas Securities LLC’s holdings in Payoneer Global were worth $610,000 as of its most recent SEC filing.

Several other large investors have also recently bought and sold shares of the company. Xponance Inc. lifted its stake in shares of Payoneer Global by 12.1% in the 2nd quarter. Xponance Inc. now owns 17,928 shares of the company’s stock valued at $99,000 after purchasing an additional 1,942 shares during the period. Harel Insurance Investments & Financial Services Ltd. lifted its stake in shares of Payoneer Global by 27.8% in the 1st quarter. Harel Insurance Investments & Financial Services Ltd. now owns 9,541 shares of the company’s stock valued at $46,000 after purchasing an additional 2,074 shares during the period. Y.D. More Investments Ltd lifted its stake in shares of Payoneer Global by 11.7% in the 2nd quarter. Y.D. More Investments Ltd now owns 22,142 shares of the company’s stock valued at $122,000 after purchasing an additional 2,328 shares during the period. Texas Permanent School Fund Corp lifted its stake in shares of Payoneer Global by 1.3% in the 1st quarter. Texas Permanent School Fund Corp now owns 227,988 shares of the company’s stock valued at $1,108,000 after purchasing an additional 2,958 shares during the period. Finally, Illinois Municipal Retirement Fund lifted its stake in shares of Payoneer Global by 1.9% in the 1st quarter. Illinois Municipal Retirement Fund now owns 160,551 shares of the company’s stock valued at $780,000 after purchasing an additional 3,028 shares during the period. Institutional investors and hedge funds own 82.22% of the company’s stock.

Payoneer Global Stock Performance

NASDAQ PAYO opened at $7.88 on Tuesday. The stock has a market capitalization of $2.94 billion, a price-to-earnings ratio of 26.27 and a beta of 0.85. The stock’s 50 day moving average price is $7.28 and its two-hundred day moving average price is $6.08. Payoneer Global Inc. has a 52 week low of $4.22 and a 52 week high of $8.01.

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

Analysts Set New Price Targets

A number of research firms have recently weighed in on PAYO. Northland Securities increased their price target on Payoneer Global from $9.00 to $10.00 and gave the company an “outperform” rating in a research note on Tuesday, September 10th. Citigroup upped their price objective on shares of Payoneer Global from $7.00 to $8.50 and gave the company a “buy” rating in a research report on Monday, August 12th. Keefe, Bruyette & Woods upped their price objective on shares of Payoneer Global from $7.00 to $8.00 and gave the company an “outperform” rating in a research report on Thursday, August 8th. Benchmark restated a “buy” rating and issued a $9.00 price objective on shares of Payoneer Global in a research report on Thursday, August 8th. Finally, The Goldman Sachs Group upped their price objective on shares of Payoneer Global from $8.00 to $9.00 and gave the company a “buy” rating in a research report on Monday. 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, the company has a consensus rating of “Buy” and a consensus price target of $8.79.

Insider Buying and Selling at Payoneer Global

In other news, CAO Itai Perry sold 3,900 shares of the company’s stock in a transaction that occurred on Wednesday, October 9th. The stock was sold at an average price of $8.00, for a total transaction of $31,200.00. Following the sale, the chief accounting officer now owns 228,738 shares in the company, valued at $1,829,904. This represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this link. In other news, CAO Itai Perry sold 3,900 shares of the company’s stock in a transaction that occurred on Wednesday, October 9th. The stock was sold at an average price of $8.00, for a total transaction of $31,200.00. Following the sale, the chief accounting officer now owns 228,738 shares in the company, valued at $1,829,904. This represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this link. Also, Director Scott H. Galit sold 150,000 shares of the company’s 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 owns 1,809,674 shares in the company, valued at approximately $12,794,395.18. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Company insiders own 5.57% of the company’s stock.

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.