Entropy Technologies LP Purchases Shares of 53,759 Payoneer Global Inc. (NASDAQ:PAYO)

Entropy Technologies LP purchased a new stake in Payoneer Global Inc. (NASDAQ:PAYO) during the fourth quarter, HoldingsChannel.com reports. The fund purchased 53,759 shares of the company’s stock, valued at approximately $540,000.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Azora Capital LP purchased a new position in shares of Payoneer Global during the third quarter worth about $31,901,000. Charles Schwab Investment Management Inc. grew its holdings in shares of Payoneer Global by 3.0% during the third quarter. Charles Schwab Investment Management Inc. now owns 2,337,156 shares of the company’s stock worth $17,599,000 after buying an additional 67,255 shares during the last quarter. FMR LLC grew its holdings in shares of Payoneer Global by 17.2% during the third quarter. FMR LLC now owns 1,129,312 shares of the company’s stock worth $8,504,000 after buying an additional 165,913 shares during the last quarter. Nordea Investment Management AB grew its holdings in shares of Payoneer Global by 4.9% during the fourth quarter. Nordea Investment Management AB now owns 881,026 shares of the company’s stock worth $8,951,000 after buying an additional 41,106 shares during the last quarter. Finally, Lord Abbett & CO. LLC purchased a new position in shares of Payoneer Global during the third quarter worth about $6,064,000. 82.22% of the stock is currently owned by institutional investors and hedge funds.

Payoneer Global Trading Up 0.8 %

Shares of PAYO opened at $10.09 on Thursday. Payoneer Global Inc. has a twelve month low of $4.22 and a twelve month high of $11.29. The firm has a market capitalization of $3.60 billion, a P/E ratio of 28.83, a price-to-earnings-growth ratio of 2.98 and a beta of 0.93. The stock’s fifty day simple moving average is $10.34 and its 200 day simple moving average is $8.91.

Wall Street Analysts Forecast Growth

A number of equities research analysts have weighed in on PAYO shares. The Goldman Sachs Group lifted their price objective on Payoneer Global from $9.00 to $12.00 and gave the company a “buy” rating in a report on Wednesday, November 6th. Keefe, Bruyette & Woods decreased their price target 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. Wolfe Research lowered Payoneer Global from an “outperform” rating to a “peer perform” rating in a research note on Wednesday, January 8th. Needham & Company LLC lifted their price objective on Payoneer Global from $10.00 to $14.00 and gave the stock a “buy” rating in a research report on Wednesday, November 6th. Finally, Northland Securities lifted 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. Two research analysts have rated the stock with a hold rating, six have assigned a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $12.00.

Insider Activity at Payoneer Global

In related news, CAO Itai Perry sold 52,829 shares of the stock in a transaction on Monday, November 18th. The stock was sold at an average price of $10.64, for a total value of $562,100.56. Following the completion of the sale, the chief accounting officer now directly owns 201,882 shares in the company, valued at approximately $2,148,024.48. This represents a 20.74 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. 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 of the company’s stock, 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 three months, insiders sold 499,625 shares of company stock worth $5,098,514. Corporate 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.