Mutual of America Capital Management LLC Sells 3,572 Shares of Payoneer Global Inc. (NASDAQ:PAYO)

Mutual of America Capital Management LLC reduced its stake in Payoneer Global Inc. (NASDAQ:PAYO) by 8.6% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 38,065 shares of the company’s stock after selling 3,572 shares during the quarter. Mutual of America Capital Management LLC’s holdings in Payoneer Global were worth $287,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds have also bought and sold shares of the stock. Quarry LP purchased a new position in shares of Payoneer Global during the second quarter worth approximately $29,000. Blue Trust Inc. boosted its holdings in shares of Payoneer Global by 135.2% during the 3rd 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. GAMMA Investing LLC boosted its holdings in shares of Payoneer Global by 438.5% during the 3rd quarter. GAMMA Investing LLC now owns 5,816 shares of the company’s stock valued at $44,000 after buying an additional 4,736 shares in the last quarter. Sage Rhino Capital LLC bought a new position in Payoneer Global in the 2nd quarter worth about $56,000. Finally, FSC Wealth Advisors LLC bought a new position in Payoneer Global in the 3rd quarter worth about $68,000. 82.22% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at Payoneer Global

In related news, CAO Itai Perry sold 52,829 shares of the firm’s stock in a transaction on Monday, November 18th. The stock was sold at an average price of $10.64, for a total value of $562,100.56. Following the completion of the sale, the chief accounting officer now directly owns 201,882 shares in the company, valued at $2,148,024.48. This trade represents a 20.74 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Crossover Managemen Technology sold 7,500,000 shares of the firm’s stock in a transaction on Monday, November 11th. The stock was sold at an average price of $10.32, for a total value of $77,400,000.00. Following the completion of the sale, the insider now owns 34,197,116 shares of the company’s stock, valued at approximately $352,914,237.12. This represents a 17.99 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 7,562,402 shares of company stock valued at $78,043,152. 5.57% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

A number of equities analysts recently issued reports on the stock. Citigroup upped their price target on shares of Payoneer Global from $7.00 to $8.50 and gave the stock a “buy” rating in a research note on Monday, August 12th. Needham & Company LLC upped their target price on shares of Payoneer Global from $10.00 to $14.00 and gave the company a “buy” rating in a research note on Wednesday, November 6th. Keefe, Bruyette & Woods upped their target price on shares of Payoneer Global from $9.00 to $12.00 and gave the company an “outperform” rating in a research note on Wednesday, November 6th. Cantor Fitzgerald upgraded shares of Payoneer Global to a “strong-buy” rating in a research note on Monday, August 12th. Finally, The Goldman Sachs Group increased their price objective on shares of Payoneer Global from $9.00 to $12.00 and gave the stock a “buy” rating in a research note on Wednesday, November 6th. Six investment analysts have rated the stock with a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Buy” and an average target price of $10.79.

Payoneer Global Price Performance

Shares of PAYO opened at $10.87 on Friday. Payoneer Global Inc. has a 1 year low of $4.22 and a 1 year high of $11.29. The company has a 50 day simple moving average of $8.90 and a two-hundred day simple moving average of $7.09. The firm has a market cap of $3.88 billion, a P/E ratio of 31.06 and a beta of 0.82.

Payoneer Global (NASDAQ:PAYO) last announced its quarterly earnings data on Tuesday, November 5th. The company reported $0.11 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.04 by $0.07. Payoneer Global had a net margin of 13.82% and a return on equity of 17.78%. The business had revenue of $248.30 million during the quarter, compared to analyst estimates of $225.44 million. During the same period last year, the firm posted $0.05 EPS. The company’s revenue was up 19.4% on a year-over-year basis. On average, sell-side analysts anticipate that Payoneer Global Inc. will post 0.32 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.