Quadrature Capital Ltd Buys Shares of 73,586 Payoneer Global Inc. (NASDAQ:PAYO)

Posted by Defense World Staff on Mar 12th, 2023

Quadrature Capital Ltd purchased a new position in Payoneer Global Inc. (NASDAQ:PAYO – Get Rating) during the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor purchased 73,586 shares of the company’s stock, valued at approximately $445,000.

Several other hedge funds and other institutional investors have also modified their holdings of the company. Allspring Global Investments Holdings LLC acquired a new stake in shares of Payoneer Global during the 3rd quarter valued at about $39,000. Walleye Capital LLC acquired a new stake in Payoneer Global in the first quarter valued at approximately $50,000. Ensign Peak Advisors Inc bought a new stake in Payoneer Global in the first quarter worth approximately $53,000. XTX Topco Ltd acquired a new position in shares of Payoneer Global during the 1st quarter worth $54,000. Finally, Atria Wealth Solutions Inc. bought a new position in shares of Payoneer Global during the 1st quarter valued at $63,000. 93.89% of the stock is currently owned by hedge funds and other institutional investors.

Payoneer Global Trading Down 8.4 %

PAYO stock opened at $6.18 on Friday. The company has a current ratio of 1.08, a quick ratio of 1.08 and a debt-to-equity ratio of 0.03. The firm has a market cap of $2.16 billion, a P/E ratio of -154.46 and a beta of 0.92. Payoneer Global Inc. has a 1-year low of $3.33 and a 1-year high of $8.04. The business’s 50 day moving average is $5.89 and its 200-day moving average is $6.13.

Wall Street Analysts Forecast Growth

Several research firms have commented on PAYO. Needham & Company LLC reissued a “buy” rating and set a $10.00 target price on shares of Payoneer Global in a research report on Wednesday, March 1st. Citigroup raised their price target on shares of Payoneer Global from $10.00 to $11.00 and gave the stock a “buy” rating in a research report on Thursday, March 2nd. The Goldman Sachs Group decreased their target price on Payoneer Global from $9.00 to $6.50 and set a “buy” rating on the stock in a research report on Monday, January 9th. Wolfe Research began coverage on Payoneer Global in a research report on Wednesday, January 11th. They issued an “outperform” rating and a $7.00 price objective for the company. Finally, Jefferies Financial Group started coverage on Payoneer Global in a research report on Monday, February 27th. They set a “buy” rating and a $7.00 price objective on the stock. Five equities research analysts have rated the stock with a buy rating, Based on data from MarketBeat, the company has a consensus rating of “Buy” and a consensus price target of $8.50.

Insider Buying and Selling at Payoneer Global

In other news, SVP Itai Perry sold 6,420 shares of the business’s stock in a transaction on Friday, February 24th. The shares were sold at an average price of $5.57, for a total value of $35,759.40. Following the sale, the senior vice president now owns 170,322 shares in the company, valued at approximately $948,693.54. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In related news, insider Tsafi Goldman sold 26,861 shares of the firm’s stock in a transaction on Friday, February 24th. The stock was sold at an average price of $5.57, for a total transaction of $149,615.77. Following the completion of the sale, the insider now directly owns 785,838 shares of the company’s stock, valued at approximately $4,377,117.66. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, SVP Itai Perry sold 6,420 shares of the business’s stock in a transaction on Friday, February 24th. The stock was sold at an average price of $5.57, for a total value of $35,759.40. Following the completion of the transaction, the senior vice president now directly owns 170,322 shares in the company, valued at approximately $948,693.54. The disclosure for this sale can be found here. Insiders have sold 185,136 shares of company stock worth $1,068,720 over the last three months. Company insiders own 6.48% of the company’s stock.

Payoneer Global Company Profile

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Payoneer Global Inc operates a payment and commerce-enabling platform that facilitates marketplaces, platforms and online merchants worldwide. It delivers a suite of services that includes cross-border payments, B2B accounts payable/accounts receivable, multi-currency account, physical and virtual Mastercard cards, working capital, merchant, tax, compliance and risk, and others.