127,087 Shares in Payoneer Global Inc. (NASDAQ:PAYO) Bought by Y Intercept Hong Kong Ltd

Y Intercept Hong Kong Ltd purchased a new position in shares of Payoneer Global Inc. (NASDAQ:PAYO) in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm purchased 127,087 shares of the company’s stock, valued at approximately $1,276,000.

Several other hedge funds have also recently modified their holdings of the stock. Leuthold Group LLC acquired a new stake in shares of Payoneer Global during the fourth quarter worth $227,000. Meitav Investment House Ltd. purchased a new position in Payoneer Global in the fourth quarter worth $174,000. Principal Financial Group Inc. raised its position in Payoneer Global by 5.9% in the fourth quarter. Principal Financial Group Inc. now owns 1,549,388 shares of the company’s stock worth $15,556,000 after acquiring an additional 86,620 shares in the last quarter. State of New Jersey Common Pension Fund D purchased a new position in Payoneer Global in the fourth quarter worth $1,946,000. Finally, Blue Trust Inc. raised its position in Payoneer Global by 21.2% in the fourth quarter. Blue Trust Inc. now owns 5,380 shares of the company’s stock worth $54,000 after acquiring an additional 940 shares in the last quarter. 82.22% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other Payoneer Global news, insider Tsafi Goldman sold 96,350 shares of Payoneer Global stock in a transaction that occurred on Thursday, January 2nd. The stock was sold at an average price of $10.07, for a total transaction of $970,244.50. Following the sale, the insider now directly owns 741,748 shares in the company, valued at $7,469,402.36. The trade was a 11.50 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available 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 stock was sold at an average price of $10.40, for a total value of $884,000.00. Following the sale, the chief financial officer now owns 2,305,245 shares in the company, valued at $23,974,548. This represents a 3.56 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 445,223 shares of company stock valued at $4,519,362. Insiders own 5.57% of the company’s stock.

Payoneer Global Trading Up 2.3 %

Shares of NASDAQ:PAYO opened at $10.18 on Thursday. The stock’s 50-day moving average price is $10.33 and its two-hundred day moving average price is $9.23. Payoneer Global Inc. has a 12-month low of $4.22 and a 12-month high of $11.29. The firm has a market cap of $3.63 billion, a price-to-earnings ratio of 29.09, a PEG ratio of 2.88 and a beta of 0.93.

Wall Street Analysts Forecast Growth

PAYO has been the subject of several research analyst reports. Northland Securities increased their price objective on Payoneer Global from $13.00 to $14.00 and gave the stock an “outperform” rating in a research report on Friday, December 6th. Keefe, Bruyette & Woods dropped their price target on Payoneer Global from $12.00 to $11.00 and set a “market perform” rating for the company in a research report on Monday, January 6th. The Goldman Sachs Group raised their price target on Payoneer Global from $9.00 to $12.00 and gave the company a “buy” rating in a research report on Wednesday, November 6th. Benchmark raised their price target on Payoneer Global from $10.00 to $12.00 and gave the company a “buy” rating in a research report on Wednesday, November 6th. Finally, Needham & Company LLC raised their price target on Payoneer Global from $10.00 to $14.00 and gave the company a “buy” rating in a research report on Wednesday, November 6th. Two equities research analysts have rated the stock with a hold rating, six have issued a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, Payoneer Global currently has a consensus rating of “Moderate Buy” and an average target price of $12.00.

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.