17,352 Shares in Payoneer Global Inc. (NASDAQ:PAYO) Acquired by Meitav Investment House Ltd.

Meitav Investment House Ltd. acquired a new stake in shares of Payoneer Global Inc. (NASDAQ:PAYO) during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund acquired 17,352 shares of the company’s stock, valued at approximately $174,000.

Other large investors have also recently added to or reduced their stakes in the company. Azora Capital LP acquired a new stake in shares of Payoneer Global during the 3rd quarter valued at $31,901,000. Charles Schwab Investment Management Inc. raised its holdings in shares of Payoneer Global by 3.0% during the third quarter. Charles Schwab Investment Management Inc. now owns 2,337,156 shares of the company’s stock worth $17,599,000 after acquiring an additional 67,255 shares in the last quarter. Principal Financial Group Inc. boosted its position in Payoneer Global by 5.9% during the fourth quarter. Principal Financial Group Inc. now owns 1,549,388 shares of the company’s stock valued at $15,556,000 after purchasing an additional 86,620 shares during the last quarter. FMR LLC grew its stake in Payoneer Global by 17.2% in the third quarter. FMR LLC now owns 1,129,312 shares of the company’s stock valued at $8,504,000 after purchasing an additional 165,913 shares in the last quarter. Finally, Nordea Investment Management AB increased its position in Payoneer Global by 4.9% in the 4th quarter. Nordea Investment Management AB now owns 881,026 shares of the company’s stock worth $8,951,000 after purchasing an additional 41,106 shares during the last quarter. Institutional investors and hedge funds own 82.22% of the company’s stock.

Payoneer Global Trading Down 2.1 %

Shares of Payoneer Global stock opened at $10.43 on Friday. The firm has a fifty day simple moving average of $10.35 and a 200-day simple moving average of $9.10. The stock has a market capitalization of $3.72 billion, a price-to-earnings ratio of 29.80, a PEG ratio of 2.96 and a beta of 0.93. Payoneer Global Inc. has a 1-year low of $4.22 and a 1-year high of $11.29.

Analyst Upgrades and Downgrades

Several equities research analysts have recently issued reports on PAYO shares. Wolfe Research lowered Payoneer Global from an “outperform” rating to a “peer perform” rating in a report on Wednesday, January 8th. Deutsche Bank Aktiengesellschaft initiated coverage on shares of Payoneer Global in a research note on Monday, February 3rd. They issued a “buy” rating and a $13.00 target price for the company. Citigroup boosted their target price on shares of Payoneer Global from $8.50 to $13.00 and gave the stock a “buy” rating in a research report on Tuesday, January 14th. Needham & Company LLC raised their price target on shares of Payoneer Global from $10.00 to $14.00 and gave the company a “buy” rating in a report on Wednesday, November 6th. Finally, Northland Securities lifted their price objective on shares of Payoneer Global from $13.00 to $14.00 and gave the company an “outperform” rating in a research note on Friday, December 6th. Two equities research 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. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $12.00.

Insider Buying and Selling

In other Payoneer Global news, insider Tsafi Goldman sold 96,350 shares of the firm’s stock in a transaction that occurred on Thursday, January 2nd. The stock was sold at an average price of $10.07, for a total value of $970,244.50. Following the sale, the insider now owns 741,748 shares of the company’s stock, valued at $7,469,402.36. This trade represents a 11.50 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, CFO Beatrice Ordonez sold 85,000 shares of the company’s stock in a transaction that occurred on Tuesday, January 21st. The stock was sold at an average price of $10.40, for a total value 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 ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 446,796 shares of company stock worth $4,536,413 in the last quarter. 5.57% of the stock is currently owned by company insiders.

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.