Deutsche Bank AG bought a new position in Payoneer Global Inc. (NASDAQ:PAYO – Free Report) during the second quarter, Holdings Channel reports. The firm bought 518,965 shares of the company’s stock, valued at approximately $3,695,000.
A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in PAYO. Van ECK Associates Corp grew its holdings in Payoneer Global by 2.4% during the 4th quarter. Van ECK Associates Corp now owns 84,678 shares of the company’s stock valued at $476,000 after buying an additional 1,977 shares in the last quarter. Susquehanna International Group LLP raised its holdings in shares of Payoneer Global by 9.5% during the 3rd quarter. Susquehanna International Group LLP now owns 24,637 shares of the company’s stock worth $149,000 after acquiring an additional 2,144 shares in the last quarter. ProShare Advisors LLC boosted its position in shares of Payoneer Global by 4.1% during the 4th quarter. ProShare Advisors LLC now owns 54,909 shares of the company’s stock valued at $309,000 after acquiring an additional 2,145 shares during the last quarter. LPL Financial LLC boosted its position in shares of Payoneer Global by 5.8% during the 4th quarter. LPL Financial LLC now owns 42,211 shares of the company’s stock valued at $237,000 after acquiring an additional 2,304 shares during the last quarter. Finally, Sequoia Financial Advisors LLC grew its holdings in shares of Payoneer Global by 8.1% in the fourth quarter. Sequoia Financial Advisors LLC now owns 31,677 shares of the company’s stock valued at $178,000 after purchasing an additional 2,368 shares in the last quarter. 82.22% of the stock is owned by institutional investors.
Payoneer Global Stock Performance
NASDAQ:PAYO opened at $7.11 on Wednesday. The stock’s fifty day moving average is $7.10 and its 200 day moving average is $5.82. Payoneer Global Inc. has a fifty-two week low of $4.08 and a fifty-two week high of $7.18. The firm has a market capitalization of $2.41 billion, a PE ratio of 50.79, a PEG ratio of 1.49 and a beta of 0.96.
Insider Activity
In other news, CFO Beatrice Ordonez sold 25,000 shares of the firm’s stock in a transaction dated Monday, June 15th. The shares were sold at an average price of $7.01, for a total value of $175,250.00. Following the completion of the sale, the chief financial officer owned 2,887,266 shares in the company, valued at approximately $20,239,734.66. This trade represents a 0.86% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Company insiders own 2.06% of the company’s stock.
Analyst Upgrades and Downgrades
Several equities research analysts recently weighed in on the stock. Benchmark cut shares of Payoneer Global from a “buy” rating to a “hold” rating in a research report on Thursday, June 18th. William Blair lowered shares of Payoneer Global from an “outperform” rating to a “hold” rating in a research report on Monday, June 15th. Deutsche Bank Aktiengesellschaft cut shares of Payoneer Global from a “buy” rating to a “hold” rating in a research note on Friday, August 7th. Wall Street Zen upgraded shares of Payoneer Global from a “sell” rating to a “hold” rating in a research report on Saturday, May 2nd. Finally, Keefe, Bruyette & Woods downgraded shares of Payoneer Global from a “moderate buy” rating to a “hold” rating in a report on Monday, June 15th. One research analyst has rated the stock with a Buy rating and eight have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and an average price target of $7.40.
Read Our Latest Research Report on Payoneer Global
Payoneer Global Profile
Payoneer Global (NASDAQ: PAYO) operates a digital payments platform that enables businesses, marketplaces and professionals to send and receive cross-border payments. The company’s core offerings include multi-currency receiving accounts, mass payout services and working capital solutions. Through its platform, Payoneer facilitates global transactions by connecting payors and payees across a network of local bank transfers, card payouts and digital wallets, supporting the seamless movement of funds in over 150 currencies.
Founded in 2005, Payoneer has grown from a small fintech venture into a widely adopted payments infrastructure provider that serves clients in more than 200 countries and territories.
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