Migdal Insurance & Financial Holdings Ltd. Has $12.55 Million Stake in Payoneer Global Inc. (NASDAQ:PAYO)

Migdal Insurance & Financial Holdings Ltd. cut its position in Payoneer Global Inc. (NASDAQ:PAYO - Free Report) by 9.1% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 2,408,424 shares of the company's stock after selling 239,815 shares during the quarter. Migdal Insurance & Financial Holdings Ltd. owned approximately 0.67% of Payoneer Global worth $12,548,000 at the end of the most recent quarter.

A number of other hedge funds have also recently added to or reduced their stakes in PAYO. PNC Financial Services Group Inc. acquired a new position in Payoneer Global during the fourth quarter worth $27,000. Osaic Holdings Inc. boosted its position in shares of 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 purchasing an additional 2,831 shares in the last quarter. C M Bidwell & Associates Ltd. purchased a new stake in shares of Payoneer Global during the 3rd quarter worth $39,000. Tower Research Capital LLC TRC grew its stake in shares of 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 purchasing an additional 2,501 shares during the period. Finally, Cetera Advisor Networks LLC purchased a new position in shares of Payoneer Global in the 2nd quarter valued at about $53,000. Hedge funds and other institutional investors own 82.22% of the company's stock.

Wall Street Analysts Forecast Growth

A number of research analysts have issued reports on PAYO shares. Citigroup dropped their target price on shares of Payoneer Global from $7.50 to $6.00 and set a "buy" rating for the company in a report on Thursday, March 21st. The Goldman Sachs Group decreased 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. Needham & Company LLC dropped their price target on Payoneer Global from $8.00 to $7.00 and set a "buy" rating for the company in a research report on Monday, April 1st. Keefe, Bruyette & Woods decreased their price objective on shares of Payoneer Global from $7.00 to $6.00 and set an "outperform" rating on the stock in a research report on Thursday, February 29th. Finally, Cantor Fitzgerald dropped their target price on shares of Payoneer Global from $8.00 to $7.00 and set an "overweight" rating for the company in a report on Friday, March 1st. Seven analysts have rated the stock with a buy rating, According to MarketBeat.com, the company currently has a consensus rating of "Buy" and a consensus target price of $6.57.

Payoneer Global Trading Up 0.6 %

Shares of PAYO stock traded up $0.03 on Wednesday, reaching $4.85. 1,418,367 shares of the stock were exchanged, compared to its average volume of 2,543,138. 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 stock has a market cap of $1.79 billion, a P/E ratio of 20.25 and a beta of 0.81. The firm has a 50 day moving average of $4.88 and a two-hundred day moving average of $5.16. Payoneer Global Inc. has a 1-year low of $4.02 and a 1-year high of $6.48.

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

Insider Activity 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 completion of the sale, the director now owns 3,190,571 shares of the company's stock, valued at $15,569,986.48. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other news, Director Scott H. Galit sold 12,447 shares of the firm's stock in a transaction dated Tuesday, February 6th. The stock was sold at an average price of $4.88, for a total transaction of $60,741.36. Following the completion of the sale, 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 can be accessed through this hyperlink. Also, insider Tsafi Goldman sold 61,464 shares of Payoneer Global stock in a transaction dated Thursday, February 15th. The stock was sold at an average price of $5.43, for a total value of $333,749.52. Following the sale, the insider now directly owns 870,832 shares in the company, valued at $4,728,617.76. The disclosure for this sale can be found here. In the last three months, insiders sold 1,232,050 shares of company stock worth $5,864,136. 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.