ProShare Advisors LLC Cuts Position in Payoneer Global Inc. (NASDAQ:PAYO)

ProShare Advisors LLC lowered its position in Payoneer Global Inc. (NASDAQ:PAYO) by 23.9% in the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 40,566 shares of the company’s stock after selling 12,767 shares during the quarter. ProShare Advisors LLC’s holdings in Payoneer Global were worth $225,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. SageView Advisory Group LLC acquired a new position in shares of Payoneer Global during the 1st quarter worth about $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 valued at $46,000 after purchasing an additional 2,074 shares in the last quarter. Sage Rhino Capital LLC purchased a new position in Payoneer Global in the second quarter valued at approximately $56,000. Citizens Financial Group Inc. RI acquired a new stake in Payoneer Global during the second quarter worth approximately $94,000. Finally, Trueblood Wealth Management LLC purchased a new stake in shares of Payoneer Global during the 1st quarter worth approximately $101,000. Institutional investors and hedge funds own 82.22% of the company’s stock.

Payoneer Global Trading Up 0.5 %

Shares of PAYO stock opened at $7.71 on Friday. The company has a market capitalization of $2.88 billion, a P/E ratio of 25.70 and a beta of 0.85. The business’s 50 day moving average is $7.00 and its two-hundred day moving average is $5.93. Payoneer Global Inc. has a twelve month low of $4.22 and a twelve month high of $7.84.

Payoneer Global (NASDAQ:PAYO) last issued its quarterly earnings results on Wednesday, August 7th. The company reported $0.09 earnings per share for the quarter, topping the consensus estimate of $0.06 by $0.03. The firm had revenue of $239.50 million during the quarter, compared to the consensus estimate of $223.12 million. Payoneer Global had a return on equity of 15.28% and a net margin of 11.25%. The company’s revenue for the quarter was up 15.9% on a year-over-year basis. During the same period last year, the company earned $0.12 earnings per share. As a group, equities analysts predict that Payoneer Global Inc. will post 0.25 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Several brokerages recently commented on PAYO. Keefe, Bruyette & Woods lifted their price target on shares of Payoneer Global from $7.00 to $8.00 and gave the stock an “outperform” rating in a research note on Thursday, August 8th. Needham & Company LLC boosted their target price on Payoneer Global from $8.00 to $9.00 and gave the company a “buy” rating in a report on Thursday, August 8th. Northland Securities raised 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. The Goldman Sachs Group boosted their price objective on Payoneer Global from $6.50 to $8.00 and gave the company a “buy” rating in a research note on Thursday, August 8th. Finally, Cantor Fitzgerald upgraded shares of Payoneer Global to a “strong-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 assigned a strong buy rating to the stock. According to MarketBeat, the stock currently has an average rating of “Buy” and an average price target of $8.50.

Insider Transactions at Payoneer Global

In related news, Director Scott H. Galit sold 446,104 shares of the firm’s stock in a transaction dated Monday, July 8th. The shares were sold at an average price of $5.50, for a total value of $2,453,572.00. Following the completion of the sale, the director now owns 2,122,421 shares in the company, valued at $11,673,315.50. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. In related news, Director Scott H. Galit sold 10,601 shares of Payoneer Global stock in a transaction that occurred on Tuesday, July 16th. The stock was sold at an average price of $5.52, for a total value of $58,517.52. Following the sale, the director now directly owns 2,122,421 shares in the company, valued at $11,715,763.92. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, Director Scott H. Galit sold 446,104 shares of the stock in a transaction on Monday, July 8th. The stock was sold at an average price of $5.50, for a total value of $2,453,572.00. Following the completion of the transaction, the director now owns 2,122,421 shares of the company’s stock, valued at $11,673,315.50. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 1,007,005 shares of company stock worth $5,710,192 over the last ninety days. 5.57% of the stock is currently owned by company insiders.

About Payoneer Global

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.