Interval Partners LP raised its position in shares of Payoneer Global Inc. (NASDAQ:PAYO – Free Report) by 28.4% in the 2nd quarter, according to the company in its most recent disclosure with the SEC. The fund owned 442,891 shares of the company’s stock after buying an additional 97,891 shares during the quarter. Interval Partners LP owned about 0.12% of Payoneer Global worth $2,454,000 at the end of the most recent reporting period.
Several other large investors have also recently modified their holdings of PAYO. SageView Advisory Group LLC acquired a new stake in Payoneer Global during the 1st quarter worth about $39,000. Harel Insurance Investments & Financial Services Ltd. boosted its stake in shares of Payoneer Global by 27.8% in the first quarter. Harel Insurance Investments & Financial Services Ltd. now owns 9,541 shares of the company’s stock worth $46,000 after buying an additional 2,074 shares during the last quarter. Blueshift Asset Management LLC acquired a new stake in Payoneer Global during the fourth quarter worth about $56,000. Sage Rhino Capital LLC purchased a new position in Payoneer Global during the second quarter valued at approximately $56,000. Finally, Citizens Financial Group Inc. RI acquired a new position in Payoneer Global in the second quarter valued at approximately $94,000. Institutional investors own 82.22% of the company’s stock.
Payoneer Global Stock Performance
Payoneer Global stock opened at $7.61 on Tuesday. The company has a market cap of $2.84 billion, a P/E ratio of 25.37 and a beta of 0.85. Payoneer Global Inc. has a one year low of $4.22 and a one year high of $7.67. The business has a fifty day moving average of $6.62 and a two-hundred day moving average of $5.75.
Analysts Set New Price Targets
Several analysts recently issued reports on PAYO shares. Cantor Fitzgerald raised shares of Payoneer Global to a “strong-buy” rating in a research note on Monday, August 12th. Needham & Company LLC upped their price target on Payoneer Global from $8.00 to $9.00 and gave the company a “buy” rating in a research report on Thursday, August 8th. Northland Securities boosted their price objective on Payoneer Global from $9.00 to $10.00 and gave the stock an “outperform” rating in a research note on Tuesday, September 10th. Citigroup increased their price target on shares of Payoneer Global from $7.00 to $8.50 and gave the stock a “buy” rating in a research report on Monday, August 12th. Finally, Benchmark restated a “buy” rating and issued a $9.00 price objective on shares of Payoneer Global in a report on Thursday, August 8th. Six investment analysts have rated the stock with a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, Payoneer Global presently has a consensus rating of “Buy” and an average target price of $8.50.
View Our Latest Research Report on Payoneer Global
Insider Activity at Payoneer Global
In other Payoneer Global news, Director Scott H. Galit sold 150,000 shares of the company’s stock in a transaction that occurred on Wednesday, August 28th. The stock was sold at an average price of $7.07, for a total value of $1,060,500.00. Following the transaction, the director now directly owns 1,809,674 shares of the company’s stock, valued at approximately $12,794,395.18. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. In other Payoneer Global news, Director Scott H. Galit sold 400,300 shares of the stock in a transaction on Wednesday, July 10th. The stock was sold at an average price of $5.34, for a total value of $2,137,602.00. Following the sale, the director now directly owns 2,122,421 shares of the company’s stock, valued at $11,333,728.14. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, Director Scott H. Galit sold 150,000 shares of the firm’s stock in a transaction that occurred 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 transaction, the director now owns 1,809,674 shares in the company, valued at approximately $12,794,395.18. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 1,890,082 shares of company stock worth $10,516,245. Company insiders own 5.57% of the company’s stock.
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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