Private Advisor Group LLC Sells 7,506 Shares of Payoneer Global Inc. (NASDAQ:PAYO)

Private Advisor Group LLC cut its holdings in shares of Payoneer Global Inc. (NASDAQ:PAYO) by 30.0% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 17,528 shares of the company’s stock after selling 7,506 shares during the period. Private Advisor Group LLC’s holdings in Payoneer Global were worth $176,000 at the end of the most recent quarter.

Other large investors have also bought and sold shares of the company. Fifth Third Bancorp lifted its holdings in Payoneer Global by 29.3% during the 4th quarter. Fifth Third Bancorp now owns 4,488 shares of the company’s stock worth $45,000 after buying an additional 1,016 shares in the last quarter. Blue Trust Inc. lifted its holdings in Payoneer Global by 21.2% during the 4th quarter. Blue Trust Inc. now owns 5,380 shares of the company’s stock worth $54,000 after buying an additional 940 shares in the last quarter. GAMMA Investing LLC lifted its holdings in Payoneer Global by 41.7% during the 4th quarter. GAMMA Investing LLC now owns 8,241 shares of the company’s stock worth $83,000 after buying an additional 2,425 shares in the last quarter. Advisor Resource Council acquired a new position in Payoneer Global during the 3rd quarter worth $105,000. Finally, Centiva Capital LP acquired a new position in Payoneer Global during the 3rd quarter worth $121,000. 82.22% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

PAYO has been the topic of several research reports. Deutsche Bank Aktiengesellschaft initiated coverage on Payoneer Global in a report on Monday, February 3rd. They set a “buy” rating and a $13.00 price objective on the stock. Citigroup upped their price objective on Payoneer Global from $14.50 to $16.50 and gave the stock a “buy” rating in a report on Tuesday. Keefe, Bruyette & Woods cut their price target on Payoneer Global from $11.00 to $10.00 and set a “market perform” rating on the stock in a research note on Friday, February 28th. Wolfe Research downgraded Payoneer Global from an “outperform” rating to a “peer perform” rating in a research note on Wednesday, January 8th. Finally, Northland Securities increased their price target on Payoneer Global from $13.00 to $14.00 and gave the company an “outperform” rating in a research note on Friday, December 6th. Two equities research analysts have rated the stock with a hold rating, six have assigned a buy rating and one has given a strong buy rating to the company. According to MarketBeat, Payoneer Global has a consensus rating of “Moderate Buy” and an average target price of $13.07.

Payoneer Global Stock Down 6.4 %

PAYO opened at $7.81 on Friday. Payoneer Global Inc. has a 12 month low of $4.22 and a 12 month high of $11.29. The company has a fifty day simple moving average of $10.11 and a 200 day simple moving average of $9.27. The stock has a market cap of $2.79 billion, a P/E ratio of 22.31, a P/E/G ratio of 2.88 and a beta of 0.93.

Payoneer Global (NASDAQ:PAYO) last released its quarterly earnings data on Thursday, February 27th. The company reported $0.05 EPS for the quarter, missing analysts’ consensus estimates of $0.06 by ($0.01). Payoneer Global had a net margin of 13.82% and a return on equity of 17.78%. The firm had revenue of $261.74 million during the quarter, compared to the consensus estimate of $242.14 million. During the same quarter in the prior year, the company earned $0.05 EPS. On average, equities research analysts expect that Payoneer Global Inc. will post 0.34 earnings per share for the current fiscal year.

Insider Activity at Payoneer Global

In other Payoneer Global news, CFO Beatrice Ordonez sold 85,000 shares of the stock in a transaction dated Tuesday, January 21st. The stock was sold at an average price of $10.40, for a total transaction of $884,000.00. Following the completion of the transaction, the chief financial officer now owns 2,305,245 shares in the company, valued at approximately $23,974,548. This represents a 3.56 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, insider Tsafi Goldman sold 263,873 shares of the stock in a transaction dated Tuesday, December 10th. The stock was sold at an average price of $10.10, for a total value of $2,665,117.30. Following the transaction, the insider now owns 741,748 shares of the company’s stock, valued at approximately $7,491,654.80. This trade represents a 26.24 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 445,223 shares of company stock worth $4,519,362 in the last quarter. Corporate insiders own 5.57% of the company’s stock.

About Payoneer Global

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.