Y Intercept Hong Kong Ltd Makes New Investment in Payoneer Global Inc. (NASDAQ:PAYO)

Y Intercept Hong Kong Ltd purchased a new position in shares of Payoneer Global Inc. (NASDAQ:PAYO) during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 127,087 shares of the company’s stock, valued at approximately $1,276,000.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Robeco Institutional Asset Management B.V. purchased a new stake in Payoneer Global during the fourth quarter worth about $1,233,000. FMR LLC increased its stake in Payoneer Global by 17.2% during the third quarter. FMR LLC now owns 1,129,312 shares of the company’s stock worth $8,504,000 after purchasing an additional 165,913 shares during the period. Charles Schwab Investment Management Inc. increased its stake 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 buying an additional 67,255 shares during the period. Quest Partners LLC purchased a new stake in shares of Payoneer Global during the third quarter worth approximately $415,000. Finally, Allspring Global Investments Holdings LLC increased its stake in shares of Payoneer Global by 133.5% during the fourth quarter. Allspring Global Investments Holdings LLC now owns 97,538 shares of the company’s stock worth $990,000 after buying an additional 55,766 shares during the period. 82.22% of the stock is currently owned by hedge funds and other institutional investors.

Payoneer Global Trading Up 2.3 %

PAYO stock opened at $10.18 on Thursday. The company has a market capitalization of $3.63 billion, a P/E ratio of 29.09, a PEG ratio of 2.88 and a beta of 0.93. Payoneer Global Inc. has a twelve month low of $4.22 and a twelve month high of $11.29. The business has a 50 day simple moving average of $10.33 and a 200-day simple moving average of $9.23.

Insider Activity

In other news, insider Tsafi Goldman sold 263,873 shares of the stock in a transaction that occurred on Tuesday, December 10th. The stock was sold at an average price of $10.10, for a total value of $2,665,117.30. Following the completion of the sale, the insider now directly owns 741,748 shares of the company’s stock, valued at approximately $7,491,654.80. This represents a 26.24 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CFO Beatrice Ordonez sold 85,000 shares of the stock in a transaction that occurred on Tuesday, January 21st. The shares were sold at an average price of $10.40, for a total value of $884,000.00. Following the completion of the sale, the chief financial officer now directly 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. Over the last ninety days, insiders sold 445,223 shares of company stock valued at $4,519,362. 5.57% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

A number of analysts recently weighed in on PAYO shares. Wolfe Research lowered shares of Payoneer Global from an “outperform” rating to a “peer perform” rating in a research note on Wednesday, January 8th. Deutsche Bank Aktiengesellschaft started coverage on shares of Payoneer Global in a research note on Monday, February 3rd. They set a “buy” rating and a $13.00 target price on the stock. Needham & Company LLC upped their target price on shares of Payoneer Global from $10.00 to $14.00 and gave the stock a “buy” rating in a research note on Wednesday, November 6th. Northland Securities upped their target price on shares of Payoneer Global from $13.00 to $14.00 and gave the stock an “outperform” rating in a research note on Friday, December 6th. Finally, Benchmark upped their target price on shares of Payoneer Global from $10.00 to $12.00 and gave the stock a “buy” rating in a research note on Wednesday, November 6th. Two investment analysts have rated the stock with a hold rating, six have assigned a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $12.00.

Payoneer Global Company 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.