Payoneer Global Inc. (NASDAQ:PAYO) Stock Holdings Trimmed by Battery Global Advisors LLC

Battery Global Advisors LLC decreased its position in Payoneer Global Inc. (NASDAQ:PAYO) by 14.3% in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 2,008,352 shares of the company’s stock after selling 334,725 shares during the quarter. Payoneer Global makes up 7.0% of Battery Global Advisors LLC’s portfolio, making the stock its 5th biggest position. Battery Global Advisors LLC owned approximately 0.54% of Payoneer Global worth $11,126,000 at the end of the most recent quarter.

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

Insider Activity

In related news, Director Scott H. Galit sold 390,000 shares of the firm’s stock in a transaction that occurred on Friday, July 5th. The shares were sold at an average price of $5.44, for a total value of $2,121,600.00. Following the transaction, the director now owns 2,122,421 shares of the company’s stock, valued at $11,545,970.24. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. In other Payoneer Global news, Director Scott H. Galit sold 390,000 shares of the company’s stock in a transaction that occurred on Friday, July 5th. The shares were sold at an average price of $5.44, for a total transaction of $2,121,600.00. Following the completion of the sale, the director now directly owns 2,122,421 shares of the company’s stock, valued at $11,545,970.24. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, Director Scott H. Galit sold 352,165 shares of Payoneer Global stock in a transaction on Monday, July 1st. The stock was sold at an average price of $5.43, for a total transaction of $1,912,255.95. Following the transaction, the director now owns 2,122,421 shares in the company, valued at approximately $11,524,746.03. The disclosure for this sale can be found here. Insiders sold 1,890,082 shares of company stock valued at $10,516,245 in the last quarter. 5.57% of the stock is currently owned by insiders.

Payoneer Global Stock Performance

NASDAQ:PAYO opened at $7.58 on Monday. The company has a market cap of $2.83 billion, a PE ratio of 25.27 and a beta of 0.85. The company has a 50 day simple moving average of $6.57 and a two-hundred day simple moving average of $5.73. Payoneer Global Inc. has a 12 month low of $4.22 and a 12 month high of $7.67.

Payoneer Global (NASDAQ:PAYO) last issued its quarterly earnings data on Wednesday, August 7th. The company reported $0.09 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 during the quarter, compared to analyst estimates of $223.12 million. During the same quarter in the previous year, the company posted $0.12 earnings per share. Payoneer Global’s revenue was up 15.9% compared to the same quarter last year. Research analysts forecast that Payoneer Global Inc. will post 0.25 earnings per share for the current year.

Analyst Upgrades and Downgrades

Several analysts recently commented on the stock. Cantor Fitzgerald raised shares of Payoneer Global to a “strong-buy” rating in a research report on Monday, August 12th. Benchmark reissued a “buy” rating and set a $9.00 price target on shares of Payoneer Global in a research report on Thursday, August 8th. The Goldman Sachs Group boosted their price objective on shares of Payoneer Global from $6.50 to $8.00 and gave the stock a “buy” rating in a report on Thursday, August 8th. Needham & Company LLC increased their target price on Payoneer Global from $8.00 to $9.00 and gave the company a “buy” rating in a research note on Thursday, August 8th. Finally, Northland Securities boosted their price target on Payoneer Global from $9.00 to $10.00 and gave the stock an “outperform” rating in a research note on Tuesday, September 10th. Six investment analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Buy” and an average price target of $8.50.

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.