Leuthold Group LLC Takes Position in Payoneer Global Inc. (NASDAQ:PAYO)

Leuthold Group LLC 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 and Exchange Commission (SEC). The firm acquired 22,628 shares of the company’s stock, valued at approximately $227,000.

A number of other institutional investors and hedge funds have also recently modified their holdings of PAYO. Blue Trust Inc. grew its stake in shares of Payoneer Global by 135.2% during the third quarter. Blue Trust Inc. now owns 4,440 shares of the company’s stock valued at $33,000 after buying an additional 2,552 shares during the last quarter. Fifth Third Bancorp grew its stake in shares of Payoneer Global by 29.3% during the fourth quarter. Fifth Third Bancorp now owns 4,488 shares of the company’s stock valued at $45,000 after buying an additional 1,016 shares during the last quarter. GAMMA Investing LLC grew its stake in shares of Payoneer Global by 41.7% in the fourth quarter. GAMMA Investing LLC now owns 8,241 shares of the company’s stock worth $83,000 after purchasing an additional 2,425 shares during the last quarter. Advisor Resource Council bought a new stake in shares of Payoneer Global in the third quarter worth about $105,000. Finally, Centiva Capital LP bought a new stake in shares of Payoneer Global in the third quarter worth about $121,000. 82.22% of the stock is owned by institutional investors.

Insiders Place Their Bets

In other news, insider Tsafi Goldman sold 96,350 shares of Payoneer Global stock in a transaction that occurred on Thursday, January 2nd. The shares were sold at an average price of $10.07, for a total transaction of $970,244.50. Following the completion of the transaction, the insider now directly owns 741,748 shares in the company, valued at approximately $7,469,402.36. This trade represents a 11.50 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CFO Beatrice Ordonez sold 85,000 shares of Payoneer Global stock in a transaction that occurred on 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 $23,974,548. The trade was a 3.56 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 446,796 shares of company stock worth $4,536,413 over the last three months. Company insiders own 5.57% of the company’s stock.

Analysts Set New Price Targets

Several analysts recently issued reports on PAYO shares. Deutsche Bank Aktiengesellschaft started coverage on Payoneer Global in a research note on Monday, February 3rd. They issued a “buy” rating and a $13.00 target price on the stock. Keefe, Bruyette & Woods cut their target price on Payoneer Global from $12.00 to $11.00 and set a “market perform” rating on the stock in a research note on Monday, January 6th. The Goldman Sachs Group raised their target price on Payoneer Global from $9.00 to $12.00 and gave the stock a “buy” rating in a research note on Wednesday, November 6th. Needham & Company LLC raised their target price on Payoneer Global from $10.00 to $14.00 and gave the stock a “buy” rating in a research note on Wednesday, November 6th. Finally, Citigroup raised their target price on Payoneer Global from $8.50 to $13.00 and gave the stock a “buy” rating in a research note on Tuesday, January 14th. Two research analysts have rated the stock with a hold rating, six have issued a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, Payoneer Global presently has an average rating of “Moderate Buy” and a consensus target price of $12.00.

Payoneer Global Price Performance

Shares of PAYO opened at $9.85 on Friday. Payoneer Global Inc. has a one year low of $4.22 and a one year high of $11.29. The company has a 50-day simple moving average of $10.34 and a two-hundred day simple moving average of $9.16. The firm has a market capitalization of $3.51 billion, a PE ratio of 28.14, a price-to-earnings-growth ratio of 2.88 and a beta of 0.93.

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.