Thrivent Financial for Lutherans Has $1.17 Million Holdings in Payoneer Global Inc. (NASDAQ:PAYO)

Thrivent Financial for Lutherans decreased its position in shares of Payoneer Global Inc. (NASDAQ:PAYO) by 6.9% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 210,291 shares of the company’s stock after selling 15,699 shares during the period. Thrivent Financial for Lutherans owned 0.06% of Payoneer Global worth $1,165,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently bought and sold shares of PAYO. SageView Advisory Group LLC bought a new position in shares of Payoneer Global in the first quarter worth about $39,000. Harel Insurance Investments & Financial Services Ltd. grew its holdings in Payoneer Global by 27.8% in the 1st quarter. Harel Insurance Investments & Financial Services Ltd. now owns 9,541 shares of the company’s stock valued at $46,000 after buying an additional 2,074 shares during the last quarter. Sage Rhino Capital LLC bought a new position in Payoneer Global in the 2nd quarter worth approximately $56,000. Citizens Financial Group Inc. RI acquired a new position in shares of Payoneer Global during the second quarter worth approximately $94,000. Finally, Trueblood Wealth Management LLC bought a new stake in shares of Payoneer Global in the first quarter valued at approximately $101,000. Institutional investors and hedge funds own 82.22% of the company’s stock.

Payoneer Global Stock Up 0.5 %

Shares of PAYO stock opened at $7.71 on Friday. The company has a market capitalization of $2.88 billion, a P/E ratio of 25.70 and a beta of 0.85. Payoneer Global Inc. has a 12-month low of $4.22 and a 12-month high of $7.84. The firm has a 50-day moving average price of $7.00 and a 200 day moving average price of $5.93.

Payoneer Global (NASDAQ:PAYO) last issued its quarterly earnings data on Wednesday, August 7th. The company reported $0.09 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.06 by $0.03. The firm had revenue of $239.50 million during the quarter, compared to the consensus estimate of $223.12 million. Payoneer Global had a return on equity of 15.28% and a net margin of 11.25%. The business’s revenue for the quarter was up 15.9% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.12 EPS. As a group, research analysts expect that Payoneer Global Inc. will post 0.25 earnings per share for the current year.

Insider Activity at Payoneer Global

In other Payoneer Global news, Director Scott H. Galit sold 446,104 shares of the company’s stock in a transaction on Monday, July 8th. The stock was sold at an average price of $5.50, for a total transaction of $2,453,572.00. Following the transaction, the director now owns 2,122,421 shares of the company’s stock, valued at approximately $11,673,315.50. This represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other news, Director Scott H. Galit sold 400,300 shares of the stock in a transaction on Wednesday, July 10th. The stock was sold at an average price of $5.34, for a total value of $2,137,602.00. Following the transaction, the director now owns 2,122,421 shares of the company’s stock, valued at $11,333,728.14. This represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Scott H. Galit sold 446,104 shares of the firm’s stock in a transaction 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 completion of the transaction, the director now owns 2,122,421 shares in the company, valued at $11,673,315.50. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 1,007,005 shares of company stock valued at $5,710,192 over the last quarter. Corporate insiders own 5.57% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research analysts have recently issued reports on PAYO shares. The Goldman Sachs Group boosted their price objective on shares of Payoneer Global from $6.50 to $8.00 and gave the stock a “buy” rating in a report on Thursday, August 8th. Cantor Fitzgerald upgraded Payoneer Global to a “strong-buy” rating in a research note on Monday, August 12th. Benchmark reiterated a “buy” rating and issued a $9.00 price objective on shares of Payoneer Global in a research report on Thursday, August 8th. Needham & Company LLC boosted their price objective on Payoneer Global from $8.00 to $9.00 and gave the company a “buy” rating in a research report on Thursday, August 8th. Finally, Keefe, Bruyette & Woods upped their target price on Payoneer Global from $7.00 to $8.00 and gave the company an “outperform” rating in a research note on Thursday, August 8th. Six analysts have rated the stock with a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, the company has an average rating of “Buy” and a consensus price target of $8.50.

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.