GAMMA Investing LLC Acquires 4,736 Shares of Payoneer Global Inc. (NASDAQ:PAYO)

GAMMA Investing LLC boosted its stake in shares of Payoneer Global Inc. (NASDAQ:PAYO) by 438.5% in the 3rd quarter, according to the company in its most recent disclosure with the SEC. The firm owned 5,816 shares of the company’s stock after buying an additional 4,736 shares during the quarter. GAMMA Investing LLC’s holdings in Payoneer Global were worth $44,000 as of its most recent SEC filing.

A number of other large investors have also added to or reduced their stakes in PAYO. Xponance Inc. lifted its position in shares of Payoneer Global by 12.1% during the 2nd quarter. Xponance Inc. now owns 17,928 shares of the company’s stock valued at $99,000 after buying an additional 1,942 shares during the last quarter. Harel Insurance Investments & Financial Services Ltd. lifted its stake in shares of 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 valued at $46,000 after buying an additional 2,074 shares in the last quarter. Y.D. More Investments Ltd boosted its holdings in Payoneer Global by 11.7% in the 2nd quarter. Y.D. More Investments Ltd now owns 22,142 shares of the company’s stock worth $122,000 after buying an additional 2,328 shares during the period. Texas Permanent School Fund Corp grew its stake in Payoneer Global by 1.3% in the 1st quarter. Texas Permanent School Fund Corp now owns 227,988 shares of the company’s stock valued at $1,108,000 after buying an additional 2,958 shares in the last quarter. Finally, Illinois Municipal Retirement Fund raised its holdings in Payoneer Global by 1.9% during the 1st quarter. Illinois Municipal Retirement Fund now owns 160,551 shares of the company’s stock valued at $780,000 after acquiring an additional 3,028 shares during the period. Hedge funds and other institutional investors own 82.22% of the company’s stock.

Insider Buying and Selling at Payoneer Global

In related news, CAO Itai Perry sold 4,100 shares of Payoneer Global stock in a transaction on Tuesday, October 15th. The shares were sold at an average price of $8.00, for a total value of $32,800.00. Following the sale, the chief accounting officer now owns 228,738 shares in the company, valued at $1,829,904. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. In other Payoneer Global news, Director Scott H. Galit sold 150,000 shares of the firm’s stock in a transaction on Wednesday, August 28th. The stock was sold at an average price of $7.07, for a total transaction of $1,060,500.00. Following the completion of the transaction, the director now owns 1,809,674 shares of the company’s stock, valued at approximately $12,794,395.18. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, CAO Itai Perry sold 4,100 shares of the business’s stock in a transaction on Tuesday, October 15th. The shares were sold at an average price of $8.00, for a total transaction of $32,800.00. Following the sale, the chief accounting officer now owns 228,738 shares in the company, valued at approximately $1,829,904. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 158,000 shares of company stock valued at $1,124,500 in the last 90 days. Insiders own 5.57% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts have recently weighed in on PAYO shares. Needham & Company LLC lifted their price target on Payoneer Global from $9.00 to $10.00 and gave the company a “buy” rating in a research report on Monday, October 7th. Citigroup lifted their target price on Payoneer Global from $7.00 to $8.50 and gave the company a “buy” rating in a report on Monday, August 12th. Cantor Fitzgerald raised shares of Payoneer Global to a “strong-buy” rating in a report on Monday, August 12th. Northland Securities boosted their price objective on shares of Payoneer Global from $9.00 to $10.00 and gave the company an “outperform” rating in a research note on Tuesday, September 10th. Finally, Benchmark reiterated a “buy” rating and issued a $9.00 target price on shares of Payoneer Global in a research note on Thursday, August 8th. Six investment analysts have rated the stock with a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat, Payoneer Global presently has an average rating of “Buy” and a consensus price target of $8.79.

Payoneer Global Price Performance

Shares of Payoneer Global stock opened at $8.22 on Friday. The company has a 50 day simple moving average of $7.40 and a two-hundred day simple moving average of $6.13. Payoneer Global Inc. has a 1 year low of $4.22 and a 1 year high of $8.25. The firm has a market cap of $3.07 billion, a PE ratio of 27.40 and a beta of 0.85.

Payoneer Global (NASDAQ:PAYO) last released its quarterly earnings data on Wednesday, August 7th. The company reported $0.09 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.06 by $0.03. The firm had revenue of $239.50 million for the quarter, compared to analysts’ expectations of $223.12 million. Payoneer Global had a net margin of 11.25% and a return on equity of 15.28%. The company’s revenue for the quarter was up 15.9% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.12 earnings per share. As a group, research analysts anticipate that Payoneer Global Inc. will post 0.25 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.