Mirae Asset Global Investments Co. Ltd. Decreases Stake in Payoneer Global Inc. (NASDAQ:PAYO)

Mirae Asset Global Investments Co. Ltd. cut its stake in shares of Payoneer Global Inc. (NASDAQ:PAYO) by 1.8% during the 4th quarter, according to its most recent filing with the SEC. The institutional investor owned 529,569 shares of the company’s stock after selling 9,754 shares during the period. Mirae Asset Global Investments Co. Ltd.’s holdings in Payoneer Global were worth $2,759,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. PNC Financial Services Group Inc. acquired a new position in Payoneer Global during the 4th quarter worth approximately $27,000. Osaic Holdings Inc. lifted its position in Payoneer Global by 91.7% during the 2nd quarter. Osaic Holdings Inc. now owns 5,919 shares of the company’s stock worth $28,000 after acquiring an additional 2,831 shares in the last quarter. C M Bidwell & Associates Ltd. acquired a new position in Payoneer Global during the 3rd quarter worth approximately $39,000. Tower Research Capital LLC TRC lifted its position in Payoneer Global by 63.3% during the 3rd quarter. Tower Research Capital LLC TRC now owns 6,452 shares of the company’s stock worth $39,000 after acquiring an additional 2,501 shares in the last quarter. Finally, Walleye Capital LLC acquired a new position in Payoneer Global during the 1st quarter worth approximately $50,000. 82.22% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

PAYO has been the topic of several recent research reports. Keefe, Bruyette & Woods reduced their price target on Payoneer Global from $7.00 to $6.00 and set an “outperform” rating on the stock in a research report on Thursday, February 29th. The Goldman Sachs Group cut their target price on Payoneer Global from $7.00 to $6.00 and set a “buy” rating on the stock in a research report on Thursday, January 11th. Citigroup cut their target price on Payoneer Global from $7.50 to $6.00 and set a “buy” rating on the stock in a research report on Thursday, March 21st. Needham & Company LLC cut their target price on Payoneer Global from $8.00 to $7.00 and set a “buy” rating on the stock in a research report on Monday, April 1st. Finally, Benchmark reaffirmed a “buy” rating and issued a $7.00 target price on shares of Payoneer Global in a research report on Tuesday, March 26th. Seven equities research analysts have rated the stock with a buy rating, According to data from MarketBeat.com, Payoneer Global presently has an average rating of “Buy” and an average price target of $6.57.

Payoneer Global Stock Performance

PAYO stock opened at $4.85 on Friday. The company has a current ratio of 1.09, a quick ratio of 1.09 and a debt-to-equity ratio of 0.03. The firm has a market cap of $1.79 billion, a P/E ratio of 20.21 and a beta of 0.81. Payoneer Global Inc. has a 12-month low of $4.02 and a 12-month high of $6.48. The stock’s 50 day simple moving average is $4.88 and its 200 day simple moving average is $5.16.

Payoneer Global (NASDAQ:PAYO) last posted its quarterly earnings results on Wednesday, February 28th. The company reported $0.05 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.05. The business had revenue of $224.32 million for the quarter, compared to analyst estimates of $223.65 million. Payoneer Global had a return on equity of 14.80% and a net margin of 11.23%. As a group, equities research analysts predict that Payoneer Global Inc. will post 0.22 EPS for the current year.

Insider Activity at Payoneer Global

In related news, insider Tsafi Goldman sold 61,464 shares of the company’s stock in a transaction that occurred on Thursday, February 15th. The stock was sold at an average price of $5.43, for a total transaction of $333,749.52. Following the sale, the insider now directly owns 870,832 shares of the company’s stock, valued at approximately $4,728,617.76. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. In related news, insider Tsafi Goldman sold 61,464 shares of the company’s stock in a transaction on Thursday, February 15th. The stock was sold at an average price of $5.43, for a total transaction of $333,749.52. Following the completion of the transaction, the insider now directly owns 870,832 shares in the company, valued at approximately $4,728,617.76. The sale was disclosed in a document filed with the SEC, which is available through this link. Also, Director Scott H. Galit sold 16,697 shares of the company’s stock in a transaction on Tuesday, February 20th. The stock was sold at an average price of $5.39, for a total value of $89,996.83. Following the transaction, the director now owns 3,156,731 shares of the company’s stock, valued at $17,014,780.09. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 1,232,050 shares of company stock valued at $5,864,136. Corporate insiders own 5.57% of the company’s stock.

Payoneer Global 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.