Payoneer Global Inc. (NASDAQ:PAYO) Shares Sold by IQ EQ FUND MANAGEMENT IRELAND Ltd

IQ EQ FUND MANAGEMENT IRELAND Ltd reduced its holdings in Payoneer Global Inc. (NASDAQ:PAYO) by 36.6% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 10,166 shares of the company’s stock after selling 5,862 shares during the period. IQ EQ FUND MANAGEMENT IRELAND Ltd’s holdings in Payoneer Global were worth $102,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the business. Smartleaf Asset Management LLC lifted its stake in Payoneer Global by 405.8% in the 4th quarter. Smartleaf Asset Management LLC now owns 3,819 shares of the company’s stock worth $38,000 after purchasing an additional 3,064 shares in the last quarter. Fifth Third Bancorp increased its holdings in shares of Payoneer Global by 29.3% in the fourth quarter. Fifth Third Bancorp now owns 4,488 shares of the company’s stock valued at $45,000 after purchasing an additional 1,016 shares during the last quarter. Blue Trust Inc. lifted its position in Payoneer Global by 21.2% during the fourth quarter. Blue Trust Inc. now owns 5,380 shares of the company’s stock worth $54,000 after buying an additional 940 shares in the last quarter. GAMMA Investing LLC boosted its stake in Payoneer Global by 41.7% during the fourth quarter. GAMMA Investing LLC now owns 8,241 shares of the company’s stock worth $83,000 after buying an additional 2,425 shares during the last quarter. Finally, Rialto Wealth Management LLC acquired a new position in Payoneer Global during the fourth quarter worth $105,000. 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 85,000 shares of the business’s stock in a transaction that occurred on Tuesday, January 21st. The shares were sold at an average price of $10.40, for a total transaction of $884,000.00. Following the completion of the transaction, the chief financial officer now owns 2,305,245 shares in the company, valued at $23,974,548. The trade was a 3.56 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, insider Tsafi Goldman sold 96,350 shares of Payoneer Global stock in a transaction on Thursday, January 2nd. The stock was sold at an average price of $10.07, for a total transaction of $970,244.50. Following the sale, the insider now directly owns 741,748 shares of the company’s stock, valued at approximately $7,469,402.36. This trade represents a 11.50 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 5.57% of the company’s stock.

Analysts Set New Price Targets

Several research analysts have recently commented on the company. Citigroup lifted their price target on Payoneer Global from $14.50 to $16.50 and gave the stock a “buy” rating in a report on Tuesday, March 4th. Keefe, Bruyette & Woods reduced their target price on shares of Payoneer Global from $11.00 to $10.00 and set a “market perform” rating on the stock in a research note on Friday, February 28th. Deutsche Bank Aktiengesellschaft began coverage on shares of Payoneer Global in a research note on Monday, February 3rd. They issued a “buy” rating and a $13.00 price target for the company. Northland Securities lifted their price target on shares of Payoneer Global from $13.00 to $14.00 and gave the company an “outperform” rating in a research report on Friday, December 6th. Finally, Wolfe Research lowered Payoneer Global from an “outperform” rating to a “peer perform” rating in a research report on Wednesday, January 8th. Two research analysts have rated the stock with a hold rating, six have issued a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, Payoneer Global has a consensus rating of “Moderate Buy” and a consensus price target of $13.07.

Payoneer Global Price Performance

Shares of Payoneer Global stock opened at $7.25 on Friday. The stock has a market capitalization of $2.61 billion, a price-to-earnings ratio of 20.71, a price-to-earnings-growth ratio of 2.88 and a beta of 0.97. The business has a 50-day moving average of $9.21 and a 200 day moving average of $9.30. Payoneer Global Inc. has a 12 month low of $4.69 and a 12 month high of $11.29.

Payoneer Global (NASDAQ:PAYO) last released its earnings results on Thursday, February 27th. The company reported $0.05 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.06 by ($0.01). Payoneer Global had a return on equity of 17.78% and a net margin of 13.82%. The business had revenue of $261.74 million for the quarter, compared to analyst estimates of $242.14 million. During the same quarter last year, the company earned $0.05 earnings per share. Equities research analysts anticipate that Payoneer Global Inc. will post 0.34 earnings per share for the current year.

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.