202,913 Shares in Payoneer Global Inc. (NASDAQ:PAYO) Bought by Tidal Investments LLC
Tidal Investments LLC acquired 202,913 shares of Payoneer Global Inc. during the 1st quarter, valued at approximately $986,000. Other large investors also increased their positions in the company. Payoneer Global's stock price has fluctuated between $4.22 and $6.48 in the past year. The company reported higher-than-expected earnings and revenue for the latest quarter. Several analysts have given the stock a "buy" rating with an average price target of $7.00.
Tidal Investments LLC acquired a new position in shares of Payoneer Global Inc. (NASDAQ:PAYO - Free Report) during the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm acquired 202,913 shares of the company's stock, valued at approximately $986,000. Tidal Investments LLC owned about 0.06% of Payoneer Global at the end of the most recent reporting period.
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Several other large investors have also recently added to or reduced their stakes in the company. Interval Partners LP bought a new position in Payoneer Global during the first quarter worth $1,677,000. Janus Henderson Group PLC increased its position in Payoneer Global by 131.6% in the first quarter. Janus Henderson Group PLC now owns 358,940 shares of the company's stock worth $1,744,000 after buying an additional 203,943 shares during the period. Price T Rowe Associates Inc. MD increased its position in Payoneer Global by 3.9% in the first quarter. Price T Rowe Associates Inc. MD now owns 4,790,400 shares of the company's stock worth $23,283,000 after buying an additional 178,842 shares during the period. Shell Asset Management Co. acquired a new stake in Payoneer Global in the first quarter worth $5,360,000. Finally, Natixis acquired a new stake in Payoneer Global in the first quarter worth $3,106,000. 82.22% of the stock is currently owned by institutional investors.
Payoneer Global Trading Down 4.1 %
Shares of NASDAQ PAYO opened at $5.38 on Monday. Payoneer Global Inc. has a one year low of $4.22 and a one year high of $6.48. The business has a 50-day moving average price of $5.58 and a two-hundred day moving average price of $5.22. The company has a current ratio of 1.09, a quick ratio of 1.09 and a debt-to-equity ratio of 0.02. The firm has a market capitalization of $2.01 billion, a PE ratio of 17.93 and a beta of 0.82.
Payoneer Global (NASDAQ:PAYO - Get Free Report) last posted its quarterly earnings results on Wednesday, May 8th. The company reported $0.08 earnings per share for the quarter, topping analysts' consensus estimates of $0.05 by $0.03. Payoneer Global had a return on equity of 17.56% and a net margin of 13.19%. The company had revenue of $228.20 million during the quarter, compared to the consensus estimate of $211.63 million. During the same period last year, the business earned $0.02 EPS. The business's quarterly revenue was up 18.9% on a year-over-year basis. As a group, analysts predict that Payoneer Global Inc. will post 0.23 earnings per share for the current fiscal year.
Wall Street Analyst Weigh In
Several equities research analysts have weighed in on the company. Needham & Company LLC increased their target price on Payoneer Global from $7.00 to $8.00 and gave the stock a "buy" rating in a research report on Thursday, May 9th. Benchmark reaffirmed a "buy" rating and set a $9.00 target price on shares of Payoneer Global in a report on Tuesday, May 14th. Six equities research analysts have rated the stock with a buy rating, Based on data from MarketBeat, Payoneer Global currently has an average rating of "Buy" and an average price target of $7.00.
View Our Latest Stock Report on Payoneer Global
Insider Activity at Payoneer Global
In other Payoneer Global news, CAO Itai Perry sold 6,000 shares of Payoneer Global stock in a transaction that occurred on Tuesday, May 21st. The stock was sold at an average price of $6.00, for a total value of $36,000.00. Following the transaction, the chief accounting officer now directly owns 233,639 shares of the company's stock, valued at approximately $1,401,834. The sale was disclosed in a document filed with the SEC, which is accessible through this link. In other news, CAO Itai Perry sold 6,000 shares of Payoneer Global stock in a transaction that occurred on Tuesday, May 21st. The stock was sold at an average price of $6.00, for a total transaction of $36,000.00. Following the sale, the chief accounting officer now owns 233,639 shares of the company's stock, valued at approximately $1,401,834. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Scott H. Galit sold 446,104 shares of Payoneer Global stock in a transaction that occurred on Monday, July 8th. The stock was sold at an average price of $5.50, for a total value of $2,453,572.00. Following the sale, the director now directly owns 2,122,421 shares in the company, valued at approximately $11,673,315.50. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 1,806,285 shares of company stock valued at $9,837,589. Corporate insiders own 5.57% of the company's stock.
Payoneer Global Profile
(Free Report)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.
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