Payoneer Global Inc. (NASDAQ:PAYO) Shares Sold by Mirae Asset Global Investments Co. Ltd.

Mirae Asset Global Investments Co. Ltd. lowered its stake in Payoneer Global Inc. (NASDAQ:PAYO) by 1.8% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 529,569 shares of the company’s stock after selling 9,754 shares during the quarter. Mirae Asset Global Investments Co. Ltd. owned about 0.15% of Payoneer Global worth $2,759,000 at the end of the most recent quarter.

A number of other large investors also recently bought and sold shares of PAYO. BlackRock Inc. lifted its position in shares of Payoneer Global by 5.2% during the second quarter. BlackRock Inc. now owns 33,938,367 shares of the company’s stock worth $163,244,000 after purchasing an additional 1,671,920 shares in the last quarter. Vanguard Group Inc. lifted its position in shares of Payoneer Global by 4.4% during the third quarter. Vanguard Group Inc. now owns 27,791,663 shares of the company’s stock worth $170,085,000 after purchasing an additional 1,166,894 shares in the last quarter. Susquehanna International Group LLP lifted its position in shares of Payoneer Global by 85,862.0% during the first quarter. Susquehanna International Group LLP now owns 18,819,651 shares of the company’s stock worth $118,187,000 after purchasing an additional 18,797,758 shares in the last quarter. Price T Rowe Associates Inc. MD lifted its position in shares of Payoneer Global by 9.7% during the second quarter. Price T Rowe Associates Inc. MD now owns 15,601,619 shares of the company’s stock worth $61,158,000 after purchasing an additional 1,383,186 shares in the last quarter. Finally, State Street Corp lifted its position in shares of Payoneer Global by 11.2% during the second quarter. State Street Corp now owns 8,262,878 shares of the company’s stock worth $39,744,000 after purchasing an additional 831,226 shares in the last quarter. Institutional investors and hedge funds own 82.22% of the company’s stock.

Payoneer Global Stock Performance

Shares of Payoneer Global stock opened at $4.85 on Friday. The firm has a market capitalization of $1.79 billion, a P/E ratio of 20.21 and a beta of 0.81. Payoneer Global Inc. has a 52 week low of $4.02 and a 52 week high of $6.48. The company has a quick ratio of 1.09, a current ratio of 1.09 and a debt-to-equity ratio of 0.03. The firm’s 50 day moving average is $4.88 and its two-hundred day moving average is $5.16.

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

Wall Street Analyst Weigh In

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

Insider Buying and Selling at Payoneer Global

In other Payoneer Global news, Director Scott H. Galit sold 12,447 shares of the stock in a transaction that occurred on Tuesday, February 6th. The shares were sold at an average price of $4.88, for a total value of $60,741.36. Following the transaction, the director now directly owns 3,190,571 shares in the company, valued at $15,569,986.48. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other news, Director Scott H. Galit sold 340,120 shares of the firm’s stock in a transaction that occurred on Tuesday, March 12th. The shares were sold at an average price of $4.51, for a total transaction of $1,533,941.20. Following the transaction, the director now directly owns 3,127,981 shares in the company, valued at $14,107,194.31. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, Director Scott H. Galit sold 12,447 shares of the firm’s stock in a transaction that occurred on Tuesday, February 6th. The stock was sold at an average price of $4.88, for a total transaction of $60,741.36. Following the transaction, the director now owns 3,190,571 shares in the company, valued at $15,569,986.48. The disclosure for this sale can be found here. Insiders have sold 1,232,050 shares of company stock worth $5,864,136 over the last three months. 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.