Payoneer Global Inc. (NASDAQ:PAYO) Shares Acquired by Rhumbline Advisers

Rhumbline Advisers increased its position in shares of Payoneer Global Inc. (NASDAQ:PAYO) by 2.7% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 768,335 shares of the company’s stock after buying an additional 20,297 shares during the period. Rhumbline Advisers owned about 0.21% of Payoneer Global worth $4,257,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently added to or reduced their stakes in the company. SageView Advisory Group LLC purchased a new stake in shares of Payoneer Global during the first quarter worth about $39,000. Harel Insurance Investments & Financial Services Ltd. increased its holdings in Payoneer Global by 27.8% during the 1st quarter. Harel Insurance Investments & Financial Services Ltd. now owns 9,541 shares of the company’s stock worth $46,000 after purchasing an additional 2,074 shares during the last quarter. Blueshift Asset Management LLC acquired a new position in shares of Payoneer Global in the 4th quarter valued at approximately $56,000. Sage Rhino Capital LLC acquired a new position in shares of Payoneer Global in the 2nd quarter valued at approximately $56,000. Finally, Trueblood Wealth Management LLC purchased a new position in shares of Payoneer Global during the 1st quarter valued at approximately $101,000. Institutional investors and hedge funds own 82.22% of the company’s stock.

Payoneer Global Stock Up 0.1 %

PAYO stock opened at $7.39 on Tuesday. The company has a 50-day simple moving average of $6.40 and a 200 day simple moving average of $5.65. The company has a market capitalization of $2.76 billion, a P/E ratio of 24.63 and a beta of 0.85. Payoneer Global Inc. has a fifty-two week low of $4.22 and a fifty-two week high of $7.59.

Payoneer Global (NASDAQ:PAYO) last released its earnings results on Wednesday, August 7th. The company reported $0.09 earnings per share for the quarter, topping analysts’ consensus estimates of $0.06 by $0.03. Payoneer Global had a return on equity of 15.28% and a net margin of 11.25%. The firm had revenue of $239.50 million during the quarter, compared to the consensus estimate of $223.12 million. During the same period in the prior year, the firm posted $0.12 earnings per share. The firm’s revenue for the quarter was up 15.9% compared to the same quarter last year. Equities analysts anticipate that Payoneer Global Inc. will post 0.25 EPS for the current year.

Insider Activity at Payoneer Global

In other Payoneer Global news, Director Scott H. Galit sold 400,300 shares of the company’s stock in a transaction dated Wednesday, July 10th. The shares were sold at an average price of $5.34, for a total value of $2,137,602.00. Following the completion of the sale, the director now directly owns 2,122,421 shares of the company’s stock, valued at approximately $11,333,728.14. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. In other news, Director Scott H. Galit sold 400,300 shares of the stock in a transaction 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 completion of 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 legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Scott H. Galit sold 390,000 shares of Payoneer Global stock in a transaction on Friday, July 5th. The stock was sold at an average price of $5.44, for a total value of $2,121,600.00. Following the completion of the transaction, the director now owns 2,122,421 shares in the company, valued at $11,545,970.24. The disclosure for this sale can be found here. Insiders sold 1,890,082 shares of company stock valued at $10,516,245 over the last 90 days. 5.57% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

A number of analysts recently issued reports on PAYO shares. Citigroup lifted 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. Benchmark reissued a “buy” rating and issued a $9.00 target price on shares of Payoneer Global in a research report on Thursday, August 8th. The Goldman Sachs Group increased their price target on shares of Payoneer Global from $6.50 to $8.00 and gave the stock a “buy” rating in a research report on Thursday, August 8th. Northland Securities lifted 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. Finally, Keefe, Bruyette & Woods upped their price objective on Payoneer Global from $7.00 to $8.00 and gave the company an “outperform” rating in a research note on Thursday, August 8th. Six research analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Buy” and an average price target of $8.50.

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.