WINTON GROUP Ltd decreased its position in shares of Payoneer Global Inc. (NASDAQ:PAYO – Free Report) by 1.0% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 204,310 shares of the company’s stock after selling 2,110 shares during the quarter. WINTON GROUP Ltd owned approximately 0.05% of Payoneer Global worth $1,132,000 at the end of the most recent reporting period.
Other hedge funds and other institutional investors have also bought and sold shares of the company. Natixis acquired a new stake in shares of Payoneer Global during the first quarter valued at about $3,106,000. Tidal Investments LLC bought a new stake in Payoneer Global during the 1st quarter worth approximately $986,000. Janus Henderson Group PLC increased its position in Payoneer Global by 131.6% in the 1st quarter. Janus Henderson Group PLC now owns 358,940 shares of the company’s stock valued at $1,744,000 after acquiring an additional 203,943 shares during the period. Allianz Asset Management GmbH increased its position in Payoneer Global by 43.5% in the 4th quarter. Allianz Asset Management GmbH now owns 906,735 shares of the company’s stock valued at $4,724,000 after acquiring an additional 274,942 shares during the period. Finally, ProShare Advisors LLC raised its stake in shares of Payoneer Global by 7.5% during the first quarter. ProShare Advisors LLC now owns 53,333 shares of the company’s stock valued at $259,000 after acquiring an additional 3,730 shares during the last quarter. Institutional investors own 82.22% of the company’s stock.
Payoneer Global Stock Performance
Shares of PAYO opened at $7.38 on Monday. The firm has a market cap of $2.76 billion, a PE ratio of 24.60 and a beta of 0.85. Payoneer Global Inc. has a 52-week low of $4.22 and a 52-week high of $7.59. The business’s 50 day moving average price is $6.36 and its two-hundred day moving average price is $5.63.
Insider Activity at Payoneer Global
In other Payoneer Global news, Director Scott H. Galit sold 352,165 shares of the stock in a transaction that occurred on Monday, July 1st. The stock was sold at an average price of $5.43, for a total value of $1,912,255.95. Following the transaction, the director now owns 2,122,421 shares in the company, valued at $11,524,746.03. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. In other Payoneer Global news, Director Scott H. Galit sold 150,000 shares of the business’s stock in a transaction on Wednesday, August 28th. The shares were sold at an average price of $7.07, for a total transaction of $1,060,500.00. Following the completion of the sale, the director now owns 1,809,674 shares in the company, valued at approximately $12,794,395.18. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Scott H. Galit sold 352,165 shares of the firm’s stock in a transaction on Monday, July 1st. The shares were sold at an average price of $5.43, for a total transaction of $1,912,255.95. Following the completion of the transaction, the director now directly owns 2,122,421 shares in the company, valued at $11,524,746.03. The disclosure for this sale can be found here. Insiders sold 1,890,082 shares of company stock valued at $10,516,245 in the last three months. Corporate insiders own 5.57% of the company’s stock.
Analyst Upgrades and Downgrades
Several brokerages recently weighed in on PAYO. Needham & Company LLC boosted their price objective on shares of Payoneer Global from $8.00 to $9.00 and gave the stock a “buy” rating in a research note on Thursday, August 8th. Keefe, Bruyette & Woods increased their price target on Payoneer Global from $7.00 to $8.00 and gave the company an “outperform” rating in a research note on Thursday, August 8th. Cantor Fitzgerald upgraded Payoneer Global to a “strong-buy” rating in a research report on Monday, August 12th. Northland Securities upped their target price on Payoneer Global from $9.00 to $10.00 and gave the company an “outperform” rating in a report on Tuesday, September 10th. Finally, Citigroup raised their price target on shares of Payoneer Global from $7.00 to $8.50 and gave the stock a “buy” rating in a report on Monday, August 12th. Six investment analysts have rated the stock with a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Buy” and an average price target of $8.50.
Check Out Our Latest Stock Report on Payoneer Global
Payoneer Global 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.
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