Renaissance Technologies LLC lifted its holdings in shares of Payoneer Global Inc. (NASDAQ:PAYO – Free Report) by 18.1% in the second quarter, according to its most recent filing with the SEC. The firm owned 3,444,322 shares of the company’s stock after acquiring an additional 527,222 shares during the period. Renaissance Technologies LLC owned approximately 0.92% of Payoneer Global worth $19,082,000 as of its most recent filing with the SEC.
Other institutional investors have also made changes to their positions in the company. SageView Advisory Group LLC bought a new position in Payoneer Global during the first quarter worth about $39,000. Harel Insurance Investments & Financial Services Ltd. raised its holdings in shares of Payoneer Global by 27.8% in the 1st 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 in the last quarter. Sage Rhino Capital LLC bought a new position in shares of Payoneer Global during the 2nd quarter worth approximately $56,000. Blueshift Asset Management LLC acquired a new stake in Payoneer Global in the 4th quarter valued at $56,000. Finally, Citizens Financial Group Inc. RI bought a new stake in Payoneer Global in the second quarter valued at $94,000. 82.22% of the stock is currently owned by institutional investors and hedge funds.
Payoneer Global Stock Performance
Shares of PAYO stock opened at $7.58 on Friday. The firm’s 50 day moving average price is $6.53 and its two-hundred day moving average price is $5.69. Payoneer Global Inc. has a 52-week low of $4.22 and a 52-week high of $7.67. The stock has a market cap of $2.83 billion, a PE ratio of 25.27 and a beta of 0.85.
Wall Street Analyst Weigh In
PAYO has been the subject of a number of analyst reports. Needham & Company LLC lifted their price objective on Payoneer Global from $8.00 to $9.00 and gave the company a “buy” rating in a report on Thursday, August 8th. Citigroup lifted their price target on shares of Payoneer Global from $7.00 to $8.50 and gave the company a “buy” rating in a report on Monday, August 12th. Northland Securities upped their price objective on shares of Payoneer Global from $9.00 to $10.00 and gave the stock an “outperform” rating in a research note on Tuesday, September 10th. Keefe, Bruyette & Woods lifted their target price on shares of Payoneer Global from $7.00 to $8.00 and gave the company an “outperform” rating in a research note on Thursday, August 8th. Finally, Benchmark reissued a “buy” rating and issued a $9.00 price objective on shares of Payoneer Global in a research note on Thursday, August 8th. Six research analysts have rated the stock with a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Buy” and an average target price of $8.50.
Check Out Our Latest Research Report on Payoneer Global
Insider Activity
In related news, Director Scott H. Galit sold 352,165 shares of the firm’s stock in a transaction on Monday, July 1st. The stock was sold at an average price of $5.43, for a total transaction of $1,912,255.95. Following the sale, the director now owns 2,122,421 shares of the company’s stock, valued at approximately $11,524,746.03. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. In other Payoneer Global news, Director Scott H. Galit sold 352,165 shares of the stock in a transaction dated 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 completion of the sale, the director now directly owns 2,122,421 shares in the company, valued at $11,524,746.03. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Scott H. Galit sold 140,912 shares of Payoneer Global stock in a transaction dated Wednesday, July 3rd. The shares were sold at an average price of $5.48, for a total value of $772,197.76. Following the transaction, the director now owns 2,122,421 shares in the company, valued at approximately $11,630,867.08. 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 quarter. Company insiders own 5.57% of the company’s stock.
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.
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