JPMorgan Chase & Co. Has $1.70 Million Position in Payoneer Global Inc. (NASDAQ:PAYO)

JPMorgan Chase & Co. lessened its holdings in Payoneer Global Inc. (NASDAQ:PAYO) by 36.8% in the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 225,959 shares of the company’s stock after selling 131,605 shares during the period. JPMorgan Chase & Co. owned approximately 0.06% of Payoneer Global worth $1,701,000 at the end of the most recent quarter.

Several other hedge funds have also recently added to or reduced their stakes in PAYO. Quarry LP acquired a new position in Payoneer Global in the second quarter worth about $29,000. Blue Trust Inc. raised its position in Payoneer Global by 135.2% in the third quarter. Blue Trust Inc. now owns 4,440 shares of the company’s stock worth $33,000 after purchasing an additional 2,552 shares in the last quarter. GAMMA Investing LLC raised its position in Payoneer Global by 438.5% in the third quarter. GAMMA Investing LLC now owns 5,816 shares of the company’s stock worth $44,000 after purchasing an additional 4,736 shares in the last quarter. FSC Wealth Advisors LLC acquired a new stake in shares of Payoneer Global during the third quarter worth approximately $68,000. Finally, Xponance Inc. increased its holdings in shares of Payoneer Global by 12.1% during the second quarter. Xponance Inc. now owns 17,928 shares of the company’s stock worth $99,000 after buying an additional 1,942 shares in the last quarter. Institutional investors and hedge funds own 82.22% of the company’s stock.

Payoneer Global Price Performance

NASDAQ:PAYO opened at $10.28 on Thursday. The stock has a market capitalization of $3.67 billion, a PE ratio of 29.37 and a beta of 0.92. The business’s 50-day simple moving average is $10.41 and its 200-day simple moving average is $8.38. Payoneer Global Inc. has a fifty-two week low of $4.22 and a fifty-two week high of $11.29.

Payoneer Global (NASDAQ:PAYO) last announced its earnings results 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 return on equity of 17.78% and a net margin of 13.82%. The business had revenue of $248.30 million for the quarter, compared to analyst estimates of $225.44 million. During the same quarter last year, the firm earned $0.05 EPS. Payoneer Global’s revenue for the quarter was up 19.4% compared to the same quarter last year. On average, research analysts expect that Payoneer Global Inc. will post 0.35 earnings per share for the current year.

Wall Street Analyst Weigh In

PAYO has been the subject of several recent analyst reports. Northland Securities raised their price objective on shares of Payoneer Global from $13.00 to $14.00 and gave the stock an “outperform” rating in a report on Friday, December 6th. Keefe, Bruyette & Woods decreased their price target on shares of Payoneer Global from $12.00 to $11.00 and set a “market perform” rating on the stock in a research note on Monday, January 6th. Wolfe Research cut shares of Payoneer Global from an “outperform” rating to a “peer perform” rating in a research note on Wednesday, January 8th. Needham & Company LLC raised their price objective 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. Finally, Benchmark raised their price objective on shares of Payoneer Global from $10.00 to $12.00 and gave the company a “buy” rating in a research note on Wednesday, November 6th. Two analysts have rated the stock with a hold rating, five have given a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $11.86.

Insiders Place Their Bets

In related news, insider Tsafi Goldman sold 96,350 shares of the firm’s stock in a transaction dated Thursday, January 2nd. The shares were sold at an average price of $10.07, for a total value of $970,244.50. Following the completion of the sale, the insider now directly owns 741,748 shares in the company, valued at approximately $7,469,402.36. This trade represents a 11.50 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, insider Crossover Managemen Technology sold 7,500,000 shares of the firm’s stock in a transaction dated Monday, November 11th. The shares were sold at an average price of $10.32, for a total transaction 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 $352,914,237.12. This trade represents a 17.99 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 7,914,625 shares of company stock valued at $81,614,514 in the last three months. 5.57% of the stock is currently owned by corporate insiders.

Payoneer Global 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.