Payoneer Global Inc. (NASDAQ:PAYO) Shares Sold by Phoenix Financial Ltd.

Phoenix Financial Ltd. decreased its position in Payoneer Global Inc. (NASDAQ:PAYO - Free Report) by 31.4% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 2,703,780 shares of the company's stock after selling 1,238,820 shares during the quarter. Phoenix Financial Ltd. owned 0.76% of Payoneer Global worth $27,146,000 at the end of the most recent quarter.

Other hedge funds also recently made changes to their positions in the company. American Century Companies Inc. grew its holdings in Payoneer Global by 24.8% during the 4th quarter. American Century Companies Inc. now owns 8,166,652 shares of the company's stock valued at $81,993,000 after purchasing an additional 1,624,948 shares in the last quarter. Geode Capital Management LLC grew its stake in shares of Payoneer Global by 2.4% during the fourth quarter. Geode Capital Management LLC now owns 6,777,377 shares of the company's stock valued at $68,059,000 after acquiring an additional 156,252 shares in the last quarter. Renaissance Technologies LLC increased its position in shares of Payoneer Global by 15.4% during the fourth quarter. Renaissance Technologies LLC now owns 5,126,300 shares of the company's stock worth $51,468,000 after acquiring an additional 685,395 shares during the last quarter. Arrowstreet Capital Limited Partnership lifted its stake in shares of Payoneer Global by 200.0% in the fourth quarter. Arrowstreet Capital Limited Partnership now owns 3,470,347 shares of the company's stock worth $34,842,000 after acquiring an additional 2,313,481 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. boosted its holdings in Payoneer Global by 3.9% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 2,428,185 shares of the company's stock valued at $24,379,000 after purchasing an additional 91,029 shares during the last quarter. Hedge funds and other institutional investors own 82.22% of the company's stock.

Insider Activity at Payoneer Global

In other Payoneer Global news, CFO Beatrice Ordonez sold 85,000 shares of the firm'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 transaction, the chief financial officer now owns 2,305,245 shares of the company's stock, valued at approximately $23,974,548. This trade represents a 3.56 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Company insiders own 5.57% of the company's stock.

Wall Street Analysts Forecast Growth

Several equities research analysts have issued reports on PAYO shares. The Goldman Sachs Group dropped their price objective on Payoneer Global from $11.00 to $9.00 and set a "buy" rating on the stock in a report on Wednesday, April 2nd. Deutsche Bank Aktiengesellschaft initiated coverage on shares of Payoneer Global in a report on Monday, February 3rd. They issued a "buy" rating and a $13.00 price target on the stock. Citigroup raised their price objective on shares of Payoneer Global from $14.50 to $16.50 and gave the stock a "buy" rating in a report on Tuesday, March 4th. Keefe, Bruyette & Woods dropped their target price on shares of Payoneer Global from $10.00 to $8.00 and set a "market perform" rating for the company in a research report on Monday, March 31st. Finally, Wolfe Research cut shares of Payoneer Global from an "outperform" rating to a "peer perform" rating in a research report on Wednesday, January 8th. Two analysts have rated the stock with a hold rating, six have assigned a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, Payoneer Global presently has a consensus rating of "Moderate Buy" and a consensus price target of $12.36.

Payoneer Global Stock Performance

Shares of Payoneer Global stock traded up $0.02 on Tuesday, reaching $6.43. 825,797 shares of the company were exchanged, compared to its average volume of 2,997,339. The firm has a market cap of $2.31 billion, a price-to-earnings ratio of 18.37, a P/E/G ratio of 2.88 and a beta of 1.02. Payoneer Global Inc. has a 1-year low of $4.73 and a 1-year high of $11.29. The company's 50-day moving average is $8.17 and its two-hundred day moving average is $9.23.

Payoneer Global (NASDAQ:PAYO - Get Free Report) last announced its quarterly earnings results on Thursday, February 27th. The company reported $0.05 EPS for the quarter, missing the consensus estimate of $0.06 by ($0.01). The firm had revenue of $261.74 million during the quarter, compared to analyst estimates 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 in the previous year, the business posted $0.05 EPS. As a group, sell-side analysts forecast that Payoneer Global Inc. will post 0.34 earnings per share for the current year.

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.