Corebridge Financial Inc. Sells 8,081 Shares of Payoneer Global Inc. (NASDAQ:PAYO)

Corebridge Financial Inc. trimmed its position in Payoneer Global Inc. (NASDAQ:PAYO) by 5.0% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 153,309 shares of the company’s stock after selling 8,081 shares during the quarter. Corebridge Financial Inc.’s holdings in Payoneer Global were worth $1,539,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also modified their holdings of the company. Smartleaf Asset Management LLC lifted its position in Payoneer Global by 405.8% during the 4th quarter. Smartleaf Asset Management LLC now owns 3,819 shares of the company’s stock worth $38,000 after acquiring an additional 3,064 shares during the last quarter. Fifth Third Bancorp lifted its position in shares of 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 purchasing an additional 1,016 shares during the last quarter. Blue Trust Inc. boosted its stake in Payoneer Global by 21.2% during the 4th quarter. Blue Trust Inc. now owns 5,380 shares of the company’s stock valued at $54,000 after purchasing an additional 940 shares during the period. GAMMA Investing LLC grew its holdings in Payoneer Global by 41.7% in the 4th quarter. GAMMA Investing LLC now owns 8,241 shares of the company’s stock valued at $83,000 after buying an additional 2,425 shares during the last quarter. Finally, Rialto Wealth Management LLC bought a new position in Payoneer Global in the 4th quarter worth approximately $105,000. 82.22% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

PAYO has been the subject of several research reports. Wolfe Research cut Payoneer Global from an “outperform” rating to a “peer perform” rating in a research report on Wednesday, January 8th. Citigroup raised their price target on shares of Payoneer Global from $14.50 to $16.50 and gave the stock a “buy” rating in a research report on Tuesday, March 4th. Northland Securities upped their price objective on shares of Payoneer Global from $13.00 to $14.00 and gave the company an “outperform” rating in a research report on Friday, December 6th. Keefe, Bruyette & Woods decreased their target price on Payoneer Global from $10.00 to $8.00 and set a “market perform” rating on the stock in a research report on Monday. Finally, The Goldman Sachs Group cut their price target on Payoneer Global from $11.00 to $9.00 and set a “buy” rating for the company in a report on Wednesday. Two investment analysts have rated the stock with a hold rating, six have given a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $12.36.

Payoneer Global Trading Up 1.1 %

NASDAQ PAYO opened at $7.55 on Thursday. Payoneer Global Inc. has a 1-year low of $4.69 and a 1-year high of $11.29. The company has a market capitalization of $2.72 billion, a price-to-earnings ratio of 21.57, a PEG ratio of 2.88 and a beta of 0.97. The stock’s 50 day moving average is $9.03 and its two-hundred day moving average is $9.31.

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

Insider Buying and Selling

In other Payoneer Global news, CFO Beatrice Ordonez sold 85,000 shares of the company’s stock in a transaction dated Tuesday, January 21st. The shares were sold at an average price of $10.40, for a total transaction of $884,000.00. Following the sale, the chief financial officer now directly owns 2,305,245 shares of the company’s stock, valued at approximately $23,974,548. This represents a 3.56 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. 5.57% of the stock is currently owned by corporate insiders.

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.