GSA Capital Partners LLP Has $485,000 Stock Position in Payoneer Global Inc. (NASDAQ:PAYO)

GSA Capital Partners LLP reduced its stake in shares of Payoneer Global Inc. (NASDAQ:PAYO) by 72.0% during the 3rd quarter, HoldingsChannel.com reports. The firm owned 64,398 shares of the company’s stock after selling 165,278 shares during the period. GSA Capital Partners LLP’s holdings in Payoneer Global were worth $485,000 at the end of the most recent reporting period.

Several other large investors also recently modified their holdings of the stock. Van ECK Associates Corp boosted its stake in Payoneer Global by 1.6% in the third quarter. Van ECK Associates Corp now owns 84,209 shares of the company’s stock valued at $634,000 after buying an additional 1,306 shares in the last quarter. Xponance Inc. boosted its stake in Payoneer Global by 12.1% in the second quarter. Xponance Inc. now owns 17,928 shares of the company’s stock valued at $99,000 after buying an additional 1,942 shares in the last quarter. Y.D. More Investments Ltd boosted its stake in Payoneer Global by 11.7% in the second quarter. Y.D. More Investments Ltd now owns 22,142 shares of the company’s stock valued at $122,000 after buying an additional 2,328 shares in the last quarter. Blue Trust Inc. boosted its stake in Payoneer Global by 135.2% in the third quarter. Blue Trust Inc. now owns 4,440 shares of the company’s stock valued at $33,000 after buying an additional 2,552 shares in the last quarter. Finally, CIBC Asset Management Inc boosted its stake in Payoneer Global by 17.3% in the second quarter. CIBC Asset Management Inc now owns 21,096 shares of the company’s stock valued at $117,000 after buying an additional 3,117 shares in the last quarter. 82.22% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several research firms recently weighed in on PAYO. Northland Securities raised their price objective on Payoneer Global from $9.00 to $10.00 and gave the company an “outperform” rating in a research note on Tuesday, September 10th. Cantor Fitzgerald raised Payoneer Global to a “strong-buy” rating in a research note on Monday, August 12th. Needham & Company LLC raised their price objective on Payoneer Global from $10.00 to $14.00 and gave the company a “buy” rating in a research note on Wednesday, November 6th. Benchmark raised their price objective on Payoneer Global from $10.00 to $12.00 and gave the company a “buy” rating in a research note on Wednesday, November 6th. Finally, Citigroup increased their target price on Payoneer Global from $7.00 to $8.50 and gave the company a “buy” rating in a research report on Monday, August 12th. Six equities research 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, the company has a consensus rating of “Buy” and a consensus target price of $10.79.

Payoneer Global Trading Up 1.8 %

Payoneer Global stock opened at $10.83 on Wednesday. The company has a market capitalization of $3.86 billion, a PE ratio of 30.94 and a beta of 0.82. Payoneer Global Inc. has a 12 month low of $4.22 and a 12 month high of $10.90. The stock has a 50-day moving average price of $8.48 and a two-hundred day moving average price of $6.88.

Payoneer Global (NASDAQ:PAYO) last issued its quarterly earnings data on Tuesday, November 5th. The company reported $0.11 earnings per share (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 during the quarter, compared to the consensus estimate of $225.44 million. During the same period last year, the company earned $0.05 earnings per share. The firm’s revenue was up 19.4% compared to the same quarter last year. As a group, analysts predict that Payoneer Global Inc. will post 0.32 earnings per share for the current fiscal year.

Insider Transactions at Payoneer Global

In other Payoneer Global news, Director Scott H. Galit sold 150,000 shares of Payoneer Global 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 in the company, valued at approximately $12,794,395.18. The trade was a 7.65 % 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, CAO Itai Perry sold 3,900 shares of Payoneer Global stock in a transaction that occurred on Wednesday, October 9th. The stock was sold at an average price of $8.00, for a total value of $31,200.00. Following the completion of the sale, the chief accounting officer now owns 228,738 shares of the company’s stock, valued at approximately $1,829,904. The trade was a 1.68 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 7,658,000 shares of company stock worth $78,524,500 over the last ninety days. 5.57% of the stock is owned by insiders.

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.