465,433 Shares in Payoneer Global Inc. $PAYO Purchased by Jupiter Topco LLC

Jupiter Topco LLC bought a new position in shares of Payoneer Global Inc. (NASDAQ:PAYO) during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund bought 465,433 shares of the company’s stock, valued at approximately $3,313,000.

Several other institutional investors and hedge funds also recently bought and sold shares of PAYO. Van ECK Associates Corp grew its stake in shares of Payoneer Global by 2.4% in the 4th quarter. Van ECK Associates Corp now owns 84,678 shares of the company’s stock valued at $476,000 after buying an additional 1,977 shares during the period. Susquehanna International Group LLP raised its position in shares of Payoneer Global by 9.5% during the 3rd quarter. Susquehanna International Group LLP now owns 24,637 shares of the company’s stock valued at $149,000 after buying an additional 2,144 shares during the period. ProShare Advisors LLC lifted its holdings in Payoneer Global by 4.1% in the fourth quarter. ProShare Advisors LLC now owns 54,909 shares of the company’s stock valued at $309,000 after acquiring an additional 2,145 shares during the last quarter. LPL Financial LLC lifted its holdings in Payoneer Global by 5.8% in the fourth quarter. LPL Financial LLC now owns 42,211 shares of the company’s stock valued at $237,000 after acquiring an additional 2,304 shares during the last quarter. Finally, Sequoia Financial Advisors LLC grew its position in Payoneer Global by 8.1% in the fourth quarter. Sequoia Financial Advisors LLC now owns 31,677 shares of the company’s stock worth $178,000 after acquiring an additional 2,368 shares during the period. 82.22% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In other Payoneer Global news, CFO Beatrice Ordonez sold 25,000 shares of the business’s stock in a transaction on Monday, June 15th. The shares were sold at an average price of $7.01, for a total value of $175,250.00. Following the completion of the transaction, the chief financial officer owned 2,887,266 shares in the company, valued at $20,239,734.66. The trade was a 0.86% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 2.06% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

Several research firms have issued reports on PAYO. Keefe, Bruyette & Woods cut Payoneer Global from a “moderate buy” rating to a “hold” rating in a research note on Monday, June 15th. Northland Securities set a $7.40 price target on Payoneer Global in a report on Monday, June 15th. Citigroup downgraded Payoneer Global from a “buy” rating to a “neutral” rating and cut their price objective for the stock from $10.00 to $7.40 in a research report on Tuesday, June 16th. William Blair lowered shares of Payoneer Global from an “outperform” rating to a “hold” rating in a report on Monday, June 15th. Finally, Weiss Ratings cut shares of Payoneer Global from a “hold (c)” rating to a “hold (c-)” rating in a research report on Tuesday, August 11th. One analyst has rated the stock with a Buy rating and eight have assigned a Hold rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus price target of $7.40.

Payoneer Global Stock Performance

NASDAQ PAYO opened at $7.10 on Wednesday. The firm has a 50 day simple moving average of $7.11 and a 200-day simple moving average of $5.85. Payoneer Global Inc. has a one year low of $4.08 and a one year high of $7.18. The firm has a market cap of $2.41 billion, a price-to-earnings ratio of 50.72, a PEG ratio of 1.49 and a beta of 0.94.

Payoneer Global (NASDAQ:PAYO) last announced its earnings results on Thursday, August 6th. The company reported ($0.01) earnings per share for the quarter, missing the consensus estimate of $0.06 by ($0.07). The business had revenue of $274.26 million for the quarter, compared to analysts’ expectations of $270.98 million. Payoneer Global had a return on equity of 9.97% and a net margin of 4.65%.Payoneer Global’s quarterly revenue was up 5.2% on a year-over-year basis. During the same period in the previous year, the company earned $0.05 earnings per share. Equities analysts predict that Payoneer Global Inc. will post 0.2 EPS for the current fiscal year.

Payoneer Global Company Profile

Payoneer Global (NASDAQ: PAYO) operates a digital payments platform that enables businesses, marketplaces and professionals to send and receive cross-border payments. The company’s core offerings include multi-currency receiving accounts, mass payout services and working capital solutions. Through its platform, Payoneer facilitates global transactions by connecting payors and payees across a network of local bank transfers, card payouts and digital wallets, supporting the seamless movement of funds in over 150 currencies.

Founded in 2005, Payoneer has grown from a small fintech venture into a widely adopted payments infrastructure provider that serves clients in more than 200 countries and territories.