Payoneer Global Inc. (NASDAQ:PAYO) Shares Sold by Migdal Insurance & Financial Holdings Ltd.

Migdal Insurance & Financial Holdings Ltd. reduced its position in shares of Payoneer Global Inc. (NASDAQ:PAYO) by 9.1% during the 4th quarter, Holdings Channel.com reports. The firm owned 2,408,424 shares of the company’s stock after selling 239,815 shares during the period. Migdal Insurance & Financial Holdings Ltd.’s holdings in Payoneer Global were worth $12,548,000 as of its most recent SEC filing.

Several other large investors also recently added to or reduced their stakes in PAYO. JPMorgan Chase & Co. raised its stake in Payoneer Global by 10.9% during the 1st quarter. JPMorgan Chase & Co. now owns 59,049 shares of the company’s stock valued at $263,000 after purchasing an additional 5,804 shares during the period. Citigroup Inc. raised its stake in Payoneer Global by 397.7% during the 1st quarter. Citigroup Inc. now owns 908,623 shares of the company’s stock valued at $4,053,000 after purchasing an additional 726,070 shares during the period. Vanguard Group Inc. raised its stake in Payoneer Global by 191.4% during the 1st quarter. Vanguard Group Inc. now owns 25,792,530 shares of the company’s stock valued at $115,035,000 after purchasing an additional 16,940,356 shares during the period. XTX Topco Ltd acquired a new position in shares of Payoneer Global in the first quarter worth $54,000. Finally, Charles Schwab Investment Management Inc. increased its stake in shares of Payoneer Global by 2.6% in the first quarter. Charles Schwab Investment Management Inc. now owns 966,041 shares of the company’s stock worth $4,309,000 after acquiring an additional 24,110 shares during the last quarter. 82.22% of the stock is owned by institutional investors and hedge funds.

Payoneer Global Stock Up 0.8 %

Shares of NASDAQ PAYO traded up $0.04 during mid-day trading on Wednesday, hitting $4.86. The company had a trading volume of 672,606 shares, compared to its average volume of 2,532,770. The company has a market capitalization of $1.79 billion, a PE ratio of 20.08 and a beta of 0.81. The firm has a 50-day simple moving average of $4.88 and a two-hundred day simple moving average of $5.16. The company has a current ratio of 1.09, a quick ratio of 1.09 and a debt-to-equity ratio of 0.03. Payoneer Global Inc. has a one year low of $4.02 and a one year high of $6.48.

Payoneer Global (NASDAQ:PAYO) last announced its quarterly earnings data on Wednesday, February 28th. The company reported $0.05 earnings per share for the quarter, meeting the consensus estimate of $0.05. Payoneer Global had a return on equity of 14.80% and a net margin of 11.23%. The company had revenue of $224.32 million during the quarter, compared to analysts’ expectations of $223.65 million. On average, equities analysts expect that Payoneer Global Inc. will post 0.22 EPS for the current year.

Analysts Set New Price Targets

PAYO has been the topic of a number of research reports. Citigroup dropped their price target on shares of Payoneer Global from $7.50 to $6.00 and set a “buy” rating on the stock in a research note on Thursday, March 21st. Needham & Company LLC decreased their price objective on shares of Payoneer Global from $8.00 to $7.00 and set a “buy” rating for the company in a report on Monday, April 1st. Cantor Fitzgerald decreased their price objective on shares of Payoneer Global from $8.00 to $7.00 and set an “overweight” rating for the company in a report on Friday, March 1st. The Goldman Sachs Group decreased their price objective on shares of Payoneer Global from $7.00 to $6.00 and set a “buy” rating for the company in a report on Thursday, January 11th. Finally, Keefe, Bruyette & Woods decreased their price objective on shares of Payoneer Global from $7.00 to $6.00 and set an “outperform” rating for the company in a report on Thursday, February 29th. Seven research analysts have rated the stock with a buy rating, According to data from MarketBeat.com, the stock presently has a consensus rating of “Buy” and a consensus price target of $6.57.

Insider Buying and Selling

In related news, Director Scott H. Galit sold 191,283 shares of Payoneer Global stock in a transaction dated Wednesday, April 10th. The stock was sold at an average price of $4.85, for a total transaction of $927,722.55. Following the completion of the transaction, the director now owns 2,476,139 shares in the company, valued at $12,009,274.15. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. In related news, Director Scott H. Galit sold 191,283 shares of Payoneer Global stock in a transaction dated Wednesday, April 10th. The stock was sold at an average price of $4.85, for a total transaction of $927,722.55. Following the completion of the transaction, the director now owns 2,476,139 shares in the company, valued at $12,009,274.15. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Tsafi Goldman sold 6,118 shares of the firm’s stock in a transaction that occurred on Friday, February 23rd. The stock was sold at an average price of $5.45, for a total transaction of $33,343.10. Following the sale, the insider now owns 858,332 shares of the company’s stock, valued at $4,677,909.40. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 1,232,050 shares of company stock worth $5,864,136. Company insiders own 5.57% of the company’s stock.

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.