Connor Clark & Lunn Investment Management Ltd. purchased a new stake in Payoneer Global Inc. (NASDAQ:PAYO – Free Report) in the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor purchased 93,787 shares of the company’s stock, valued at approximately $589,000.
Other institutional investors have also made changes to their positions in the company. Mirae Asset Global Investments Co. Ltd. lifted its position in shares of Payoneer Global by 2.5% in the first quarter. Mirae Asset Global Investments Co. Ltd. now owns 563,610 shares of the company’s stock worth $3,539,000 after purchasing an additional 13,496 shares in the last quarter. Nantahala Capital Management LLC lifted its position in shares of Payoneer Global by 181.5% in the fourth quarter. Nantahala Capital Management LLC now owns 1,084,831 shares of the company’s stock worth $7,663,000 after purchasing an additional 699,465 shares in the last quarter. Nisa Investment Advisors LLC lifted its position in shares of Payoneer Global by 41.1% in the fourth quarter. Nisa Investment Advisors LLC now owns 12,150 shares of the company’s stock worth $66,000 after purchasing an additional 3,542 shares in the last quarter. Counterpoint Mutual Funds LLC bought a new stake in shares of Payoneer Global in the first quarter worth $107,000. Finally, HRT Financial LP lifted its position in shares of Payoneer Global by 84.8% in the fourth quarter. HRT Financial LP now owns 151,963 shares of the company’s stock worth $831,000 after purchasing an additional 69,710 shares in the last quarter. Institutional investors own 83.23% of the company’s stock.
Payoneer Global Price Performance
NASDAQ:PAYO opened at $5.95 on Friday. Payoneer Global Inc. has a one year low of $4.02 and a one year high of $8.04. The company has a market cap of $2.14 billion, a P/E ratio of 198.33 and a beta of 1.05. The firm’s fifty day moving average price is $5.19 and its two-hundred day moving average price is $5.38. The company has a debt-to-equity ratio of 0.02, a current ratio of 1.10 and a quick ratio of 1.10.
Insider Buying and Selling at Payoneer Global
In other Payoneer Global news, Director Scott H. Galit sold 16,564 shares of the company’s stock in a transaction on Tuesday, August 22nd. The shares were sold at an average price of $5.90, for a total value of $97,727.60. Following the transaction, the director now directly owns 1,299,688 shares in the company, valued at $7,668,159.20. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. In related news, Director Scott H. Galit sold 12,222 shares of the company’s stock in a transaction dated Friday, August 11th. The shares were sold at an average price of $5.84, for a total value of $71,376.48. Following the transaction, the director now directly owns 1,333,528 shares in the company, valued at $7,787,803.52. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Scott H. Galit sold 16,564 shares of the company’s stock in a transaction dated Tuesday, August 22nd. The shares were sold at an average price of $5.90, for a total transaction of $97,727.60. Following the completion of the transaction, the director now owns 1,299,688 shares in the company, valued at $7,668,159.20. The disclosure for this sale can be found here. Corporate insiders own 5.57% of the company’s stock.
Analysts Set New Price Targets
A number of analysts have recently commented on the stock. Berenberg Bank assumed coverage on shares of Payoneer Global in a research report on Monday, July 10th. They issued a “buy” rating and a $7.00 price objective on the stock. Needham & Company LLC reaffirmed a “buy” rating and set a $10.00 price target on shares of Payoneer Global in a research report on Wednesday, August 9th. Finally, Citigroup upped their price target on shares of Payoneer Global from $9.00 to $10.00 in a research report on Wednesday, August 9th. Six investment analysts have rated the stock with a buy rating, According to MarketBeat, the company currently has a consensus rating of “Buy” and an average price target of $8.07.
Check Out Our Latest Report on PAYO
Payoneer Global Profile
Payoneer Global Inc operates a payment and commerce-enabling platform worldwide. It delivers a suite of services that includes cross-border payments, B2B accounts payable/accounts receivable, multi-currency account, physical and virtual Mastercard cards, working capital, merchant, tax, compliance and risk, and others.
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