Temasek Holdings Private Ltd Sells 342,323 Shares of Payoneer Global Inc. (NASDAQ:PAYO)

Temasek Holdings Private Ltd cut its holdings in shares of Payoneer Global Inc. (NASDAQ:PAYO) by 1.7% during the third quarter, Holdings Channel reports. The fund owned 19,899,760 shares of the company’s stock after selling 342,323 shares during the period. Temasek Holdings Private Ltd owned approximately 0.05% of Payoneer Global worth $149,845,000 at the end of the most recent reporting period.

A number of other large investors have also bought and sold shares of PAYO. Van ECK Associates Corp boosted its position in Payoneer Global by 1.6% in the 3rd quarter. Van ECK Associates Corp now owns 84,209 shares of the company’s stock valued at $634,000 after buying an additional 1,306 shares during the last quarter. The Manufacturers Life Insurance Company boosted its position in Payoneer Global by 1.2% in the 3rd quarter. The Manufacturers Life Insurance Company now owns 165,996 shares of the company’s stock valued at $1,250,000 after buying an additional 1,907 shares during the last quarter. Xponance Inc. boosted its position in Payoneer Global by 12.1% in 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. Y.D. More Investments Ltd boosted its position 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 valued at $122,000 after buying an additional 2,328 shares during the last quarter. Finally, Blue Trust Inc. boosted its position in Payoneer Global by 135.2% in the 3rd quarter. Blue Trust Inc. now owns 4,440 shares of the company’s stock valued at $33,000 after buying an additional 2,552 shares during the last quarter. 82.22% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

PAYO has been the topic of several recent research reports. Keefe, Bruyette & Woods raised their price target on Payoneer Global from $9.00 to $12.00 and gave the stock an “outperform” rating in a research report on Wednesday, November 6th. Citigroup raised their price target on Payoneer Global from $7.00 to $8.50 and gave the stock a “buy” rating in a research report on Monday, August 12th. The Goldman Sachs Group raised their price target on Payoneer Global from $9.00 to $12.00 and gave the stock a “buy” rating in a research report on Wednesday, November 6th. Benchmark raised their price target on Payoneer Global from $10.00 to $12.00 and gave the stock a “buy” rating in a research report on Wednesday, November 6th. Finally, Northland Securities raised their price target on Payoneer Global from $9.00 to $10.00 and gave the stock an “outperform” rating in a research report on Tuesday, September 10th. Six investment analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Buy” and a consensus target price of $10.79.

Payoneer Global Trading Down 0.6 %

Shares of Payoneer Global stock opened at $10.79 on Friday. The company has a market capitalization of $3.85 billion, a PE ratio of 30.83 and a beta of 0.90. Payoneer Global Inc. has a 12 month low of $4.22 and a 12 month high of $11.29. The stock’s fifty day simple moving average is $9.22 and its 200 day simple moving average is $7.27.

Payoneer Global (NASDAQ:PAYO) last issued its quarterly earnings data on Tuesday, November 5th. The company reported $0.11 EPS for the quarter, topping the consensus estimate 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 the consensus estimate of $225.44 million. During the same quarter last year, the business posted $0.05 EPS. The firm’s revenue was up 19.4% compared to the same quarter last year. Analysts predict that Payoneer Global Inc. will post 0.32 EPS for the current fiscal year.

Insider Buying and Selling at Payoneer Global

In other Payoneer Global news, insider Crossover Managemen Technology sold 7,500,000 shares of Payoneer Global stock in a transaction dated Monday, November 11th. The stock was sold at an average price of $10.32, for a total value of $77,400,000.00. Following 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 position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, CAO Itai Perry sold 4,100 shares of Payoneer Global stock in a transaction dated Tuesday, October 15th. The shares were sold at an average price of $8.00, for a total value of $32,800.00. Following the completion of the sale, the chief accounting officer now directly owns 228,738 shares in the company, valued at $1,829,904. This represents a 1.76 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 7,562,402 shares of company stock valued at $78,043,152 in the last 90 days. 5.57% of the stock is currently owned by company insiders.

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.