TD Asset Management Inc. grew its position in shares of Payoneer Global Inc. (NASDAQ:PAYO) by 67.7% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 675,011 shares of the company’s stock after buying an additional 272,408 shares during the period. TD Asset Management Inc. owned approximately 0.20% of Payoneer Global worth $5,771,000 at the end of the most recent quarter.
Other hedge funds have also recently bought and sold shares of the company. Technology Crossover Management VIII Ltd. acquired a new stake in shares of Payoneer Global during the 2nd quarter worth $432,399,000. Millennium Management LLC acquired a new stake in shares of Payoneer Global during the 2nd quarter worth $81,864,000. Massachusetts Financial Services Co. MA acquired a new stake in shares of Payoneer Global during the 2nd quarter worth $39,660,000. Price T Rowe Associates Inc. MD acquired a new stake in shares of Payoneer Global during the 2nd quarter worth $37,854,000. Finally, FMR LLC acquired a new stake in shares of Payoneer Global during the 2nd quarter worth $32,578,000. Hedge funds and other institutional investors own 53.29% of the company’s stock.
Payoneer Global stock opened at $6.25 on Friday. Payoneer Global Inc. has a 12 month low of $6.05 and a 12 month high of $11.20. The company has a 50-day moving average price of $7.25.
Several analysts have recently issued reports on PAYO shares. Citigroup started coverage on Payoneer Global in a report on Friday, September 24th. They set a “buy” rating and a $12.50 target price on the stock. Zacks Investment Research lowered Payoneer Global from a “buy” rating to a “hold” rating in a research note on Wednesday. Finally, The Goldman Sachs Group started coverage on Payoneer Global in a research note on Friday, December 10th. They issued a “neutral” rating on the stock. Two analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Buy” and a consensus target price of $12.00.
About Payoneer Global
Payoneer Inc operates a cross-border payment and commerce-enabling platform that facilitates digital businesses, online sellers, and freelancers worldwide to receive and manage their international payments. The company delivers a suite of services that includes cross-border payments, working capital, tax solutions, merchant services, and risk management.
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