Payoneer Global Inc. (NASDAQ:PAYO) Shares Sold by Nisa Investment Advisors LLC

Nisa Investment Advisors LLC reduced its holdings in Payoneer Global Inc. (NASDAQ:PAYO) by 14.5% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 52,110 shares of the company’s stock after selling 8,820 shares during the period. Nisa Investment Advisors LLC’s holdings in Payoneer Global were worth $271,000 at the end of the most recent quarter.

Other institutional investors also recently bought and sold shares of the company. Vanguard Group Inc. grew its holdings in Payoneer Global by 4.4% in the third quarter. Vanguard Group Inc. now owns 27,791,663 shares of the company’s stock valued at $170,085,000 after purchasing an additional 1,166,894 shares during the period. Charles Schwab Investment Management Inc. grew its holdings in Payoneer Global by 23.9% in the third quarter. Charles Schwab Investment Management Inc. now owns 2,075,139 shares of the company’s stock valued at $12,700,000 after purchasing an additional 399,873 shares during the period. Illinois Municipal Retirement Fund acquired a new stake in Payoneer Global in the third quarter valued at approximately $723,000. Principal Financial Group Inc. grew its holdings in Payoneer Global by 20.4% in the third quarter. Principal Financial Group Inc. now owns 1,500,980 shares of the company’s stock valued at $9,186,000 after purchasing an additional 253,833 shares during the period. Finally, Capula Management Ltd acquired a new stake in shares of Payoneer Global in the third quarter worth approximately $1,083,000. 82.22% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other Payoneer Global news, insider Tsafi Goldman sold 61,464 shares of the business’s stock in a transaction on Thursday, February 15th. The stock was sold at an average price of $5.43, for a total transaction of $333,749.52. Following the transaction, the insider now owns 870,832 shares of the company’s stock, valued at $4,728,617.76. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. In other Payoneer Global news, insider Tsafi Goldman sold 61,464 shares of Payoneer Global stock in a transaction on 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 owns 870,832 shares in the company, valued at $4,728,617.76. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Scott H. Galit sold 16,697 shares of Payoneer Global stock in a transaction on Tuesday, February 20th. The shares were sold at an average price of $5.39, for a total value of $89,996.83. Following the completion of the sale, the director now owns 3,156,731 shares in the company, valued at approximately $17,014,780.09. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 1,232,050 shares of company stock valued at $5,864,136. Insiders own 5.57% of the company’s stock.

Payoneer Global Stock Performance

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

Payoneer Global (NASDAQ:PAYO) last released its quarterly earnings data on Wednesday, February 28th. The company reported $0.05 earnings per share for the quarter, hitting analysts’ consensus estimates 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 return on equity of 14.80% and a net margin of 11.23%. On average, research analysts anticipate that Payoneer Global Inc. will post 0.22 earnings per share for the current year.

Analyst Ratings Changes

A number of brokerages have recently issued reports on PAYO. Needham & Company LLC lowered their price target on Payoneer Global from $8.00 to $7.00 and set a “buy” rating on the stock in a research note on Monday, April 1st. Keefe, Bruyette & Woods lowered their price target on Payoneer Global from $7.00 to $6.00 and set an “outperform” rating on the stock in a research note on Thursday, February 29th. Citigroup lowered their price target on Payoneer Global from $7.50 to $6.00 and set a “buy” rating on the stock in a research note on Thursday, March 21st. Benchmark reaffirmed a “buy” rating and issued a $7.00 price target on shares of Payoneer Global in a research note on Tuesday, March 26th. Finally, The Goldman Sachs Group lowered their price target on Payoneer Global from $7.00 to $6.00 and set a “buy” rating on the stock in a research note on Thursday, January 11th. Seven equities research analysts have rated the stock with a buy rating, Based on data from MarketBeat, the stock currently has a consensus rating of “Buy” and a consensus price target of $6.57.

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.