Leuthold Group LLC Purchases Shares of 22,628 Payoneer Global Inc. (NASDAQ:PAYO)

Leuthold Group LLC purchased a new stake in shares of Payoneer Global Inc. (NASDAQ:PAYO) in the fourth quarter, according to the company in its most recent filing with the SEC. The fund purchased 22,628 shares of the company’s stock, valued at approximately $227,000.

Other hedge funds have also added to or reduced their stakes in the company. Blue Trust Inc. boosted its stake in Payoneer Global by 135.2% during the 3rd quarter. Blue Trust Inc. now owns 4,440 shares of the company’s stock valued at $33,000 after purchasing an additional 2,552 shares during the last quarter. Fifth Third Bancorp boosted its stake in shares of Payoneer Global by 29.3% in the 4th quarter. Fifth Third Bancorp now owns 4,488 shares of the company’s stock worth $45,000 after buying an additional 1,016 shares during the last quarter. GAMMA Investing LLC boosted its stake in shares of Payoneer Global by 41.7% in the 4th quarter. GAMMA Investing LLC now owns 8,241 shares of the company’s stock worth $83,000 after buying an additional 2,425 shares during the last quarter. Advisor Resource Council purchased a new position in Payoneer Global in the third quarter valued at approximately $105,000. Finally, KBC Group NV lifted its stake in Payoneer Global by 86.6% in the fourth quarter. KBC Group NV now owns 14,619 shares of the company’s stock valued at $147,000 after purchasing an additional 6,784 shares during the last quarter. Institutional investors and hedge funds own 82.22% of the company’s stock.

Insider Buying and Selling

In other Payoneer Global news, insider Tsafi Goldman sold 96,350 shares of the firm’s stock in a transaction dated 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 owns 741,748 shares in the company, valued at $7,469,402.36. This trade represents a 11.50 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CFO Beatrice Ordonez sold 85,000 shares of the firm’s stock in a transaction dated Tuesday, January 21st. The shares were 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. The trade was a 3.56 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 446,796 shares of company stock worth $4,536,413. Corporate insiders own 5.57% of the company’s stock.

Payoneer Global Stock Performance

Shares of PAYO stock opened at $9.85 on Friday. Payoneer Global Inc. has a 52-week low of $4.22 and a 52-week high of $11.29. The company has a market capitalization of $3.51 billion, a PE ratio of 28.14, a price-to-earnings-growth ratio of 2.88 and a beta of 0.93. The business’s fifty day moving average is $10.34 and its 200 day moving average is $9.16.

Analyst Ratings Changes

PAYO has been the topic of several research analyst reports. Keefe, Bruyette & Woods dropped their price objective on Payoneer Global from $12.00 to $11.00 and set a “market perform” rating on the stock in a research note on Monday, January 6th. Northland Securities increased their target price on Payoneer Global from $13.00 to $14.00 and gave the stock an “outperform” rating in a research report on Friday, December 6th. Citigroup increased their target price on Payoneer Global from $8.50 to $13.00 and gave the stock a “buy” rating in a research report on Tuesday, January 14th. Wolfe Research downgraded Payoneer Global from an “outperform” rating to a “peer perform” rating in a research report on Wednesday, January 8th. Finally, Benchmark increased their target price on Payoneer Global from $10.00 to $12.00 and gave the stock a “buy” rating in a research report on Wednesday, November 6th. Two analysts have rated the stock with a hold rating, six have given a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target 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.