17,000 Shares in Payoneer Global Inc. (NASDAQ:PAYO) Purchased by Citizens Financial Group Inc. RI

Citizens Financial Group Inc. RI acquired a new position in Payoneer Global Inc. (NASDAQ:PAYO) in the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm acquired 17,000 shares of the company’s stock, valued at approximately $94,000.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Natixis acquired a new position in shares of Payoneer Global during the 1st quarter worth about $3,106,000. Tidal Investments LLC acquired a new position in shares of Payoneer Global during the 1st quarter worth about $986,000. Janus Henderson Group PLC grew its position in shares of Payoneer Global by 131.6% during the 1st quarter. Janus Henderson Group PLC now owns 358,940 shares of the company’s stock worth $1,744,000 after buying an additional 203,943 shares during the period. Allianz Asset Management GmbH grew its position in shares of Payoneer Global by 43.5% during the 4th quarter. Allianz Asset Management GmbH now owns 906,735 shares of the company’s stock worth $4,724,000 after buying an additional 274,942 shares during the period. Finally, ProShare Advisors LLC grew its position in shares of Payoneer Global by 7.5% during the 1st quarter. ProShare Advisors LLC now owns 53,333 shares of the company’s stock worth $259,000 after buying an additional 3,730 shares during the period. 82.22% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at Payoneer Global

In other Payoneer Global news, Director Scott H. Galit sold 150,000 shares of the business’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. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. In other 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 sale, the director now owns 2,122,421 shares in the company, valued at approximately $11,333,728.14. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. 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. The disclosure for this sale can be found here. In the last quarter, insiders have sold 1,890,082 shares of company stock worth $10,516,245. Corporate insiders own 5.57% of the company’s stock.

Wall Street Analyst Weigh In

Several research firms have recently issued reports on PAYO. Northland Securities boosted their target price on Payoneer Global from $9.00 to $10.00 and gave the stock an “outperform” rating in a research report on Tuesday, September 10th. Keefe, Bruyette & Woods boosted their target price on Payoneer Global from $7.00 to $8.00 and gave the stock an “outperform” rating in a research report on Thursday, August 8th. Needham & Company LLC boosted their target price on Payoneer Global from $8.00 to $9.00 and gave the stock a “buy” rating in a research report on Thursday, August 8th. Benchmark reiterated a “buy” rating and set a $9.00 price objective on shares of Payoneer Global in a report on Thursday, August 8th. Finally, Cantor Fitzgerald upgraded Payoneer Global to a “strong-buy” rating in a report on Monday, August 12th. Six equities research analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat.com, Payoneer Global currently has an average rating of “Buy” and an average price target of $8.50.

Payoneer Global Price Performance

NASDAQ:PAYO opened at $7.58 on Friday. The stock has a market capitalization of $2.83 billion, a PE ratio of 25.27 and a beta of 0.85. The business’s 50-day simple moving average is $6.48 and its 200-day simple moving average is $5.68. Payoneer Global Inc. has a fifty-two week low of $4.22 and a fifty-two week high of $7.67.

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, research analysts expect that Payoneer Global Inc. will post 0.25 earnings per share for the current year.

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.