Temasek Holdings Private Ltd Sells 769,122 Shares of Payoneer Global Inc. $PAYO

Temasek Holdings Private Ltd lowered its position in shares of Payoneer Global Inc. (NASDAQ:PAYOFree Report) by 10.3% during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 6,725,231 shares of the company’s stock after selling 769,122 shares during the period. Temasek Holdings Private Ltd’s holdings in Payoneer Global were worth $32,483,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Leonteq Securities AG increased its position in Payoneer Global by 72.0% during the first quarter. Leonteq Securities AG now owns 6,496 shares of the company’s stock worth $31,000 after acquiring an additional 2,720 shares during the period. Osaic Holdings Inc. raised its position in shares of Payoneer Global by 246.5% in the second quarter. Osaic Holdings Inc. now owns 4,636 shares of the company’s stock valued at $33,000 after buying an additional 3,298 shares in the last quarter. Resonant Capital Advisors LLC bought a new stake in shares of Payoneer Global in the first quarter valued at approximately $49,000. CWM LLC boosted its stake in shares of Payoneer Global by 178.6% in the fourth quarter. CWM LLC now owns 9,384 shares of the company’s stock valued at $53,000 after buying an additional 6,016 shares during the period. Finally, Vident Advisory LLC acquired a new stake in Payoneer Global during the fourth quarter worth approximately $58,000. 82.22% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several research firms have recently issued reports on PAYO. Keefe, Bruyette & Woods lowered Payoneer Global from a “moderate buy” rating to a “hold” rating in a report on Monday, June 15th. Weiss Ratings upgraded shares of Payoneer Global from a “hold (c-)” rating to a “hold (c)” rating in a research note on Thursday, June 25th. Deutsche Bank Aktiengesellschaft restated a “buy” rating and issued a $7.40 target price on shares of Payoneer Global in a research report on Tuesday, June 16th. Benchmark downgraded shares of Payoneer Global from a “buy” rating to a “hold” rating in a research report on Thursday, June 18th. Finally, Wall Street Zen upgraded Payoneer Global from a “sell” rating to a “hold” rating in a research note on Saturday, May 2nd. Two investment analysts have rated the stock with a Buy rating and seven have given a Hold rating to the stock. According to MarketBeat, Payoneer Global presently has a consensus rating of “Hold” and a consensus price target of $7.40.

View Our Latest Research Report on PAYO

Insider Transactions at Payoneer Global

In related news, CFO Beatrice Ordonez sold 25,000 shares of the firm’s stock in a transaction that occurred 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. This trade represents a 0.86% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 2.06% of the stock is currently owned by company insiders.

Payoneer Global Trading Down 0.1%

Shares of Payoneer Global stock opened at $7.12 on Wednesday. Payoneer Global Inc. has a 1 year low of $4.08 and a 1 year high of $7.66. The firm has a market capitalization of $2.38 billion, a PE ratio of 35.60, a price-to-earnings-growth ratio of 0.80 and a beta of 0.95. The firm’s 50 day moving average is $6.26 and its 200 day moving average is $5.57.

Payoneer Global (NASDAQ:PAYOGet Free Report) last issued its earnings results on Thursday, May 7th. The company reported $0.06 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.04 by $0.02. The business had revenue of $261.60 million during the quarter, compared to analysts’ expectations of $255.12 million. Payoneer Global had a return on equity of 11.10% and a net margin of 6.76%.The business’s revenue for the quarter was up 6.1% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.05 EPS. As a group, research analysts anticipate that Payoneer Global Inc. will post 0.26 earnings per share for the current year.

About Payoneer Global

(Free Report)

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.

Further Reading

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Institutional Ownership by Quarter for Payoneer Global (NASDAQ:PAYO)

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