New Age Alpha Advisors LLC Acquires New Shares in Payoneer Global Inc. (NASDAQ:PAYO)

New Age Alpha Advisors LLC acquired a new stake in shares of Payoneer Global Inc. (NASDAQ:PAYO - Free Report) in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund acquired 327,311 shares of the company's stock, valued at approximately $3,286,000. New Age Alpha Advisors LLC owned 0.09% of Payoneer Global at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Smartleaf Asset Management LLC increased its stake in Payoneer Global by 405.8% during the 4th quarter. Smartleaf Asset Management LLC now owns 3,819 shares of the company's stock valued at $38,000 after buying an additional 3,064 shares during the period. Fifth Third Bancorp increased its stake in shares of Payoneer Global by 29.3% during the fourth quarter. Fifth Third Bancorp now owns 4,488 shares of the company's stock valued at $45,000 after acquiring an additional 1,016 shares during the period. Blue Trust Inc. raised its holdings in Payoneer Global by 21.2% during the fourth quarter. Blue Trust Inc. now owns 5,380 shares of the company's stock worth $54,000 after purchasing an additional 940 shares in the last quarter. GAMMA Investing LLC lifted its position in Payoneer Global by 41.7% in the fourth quarter. GAMMA Investing LLC now owns 8,241 shares of the company's stock worth $83,000 after purchasing an additional 2,425 shares during the period. Finally, Rialto Wealth Management LLC bought a new position in Payoneer Global during the 4th quarter valued at $105,000. Institutional investors and hedge funds own 82.22% of the company's stock.

Insider Activity

In related news, CFO Beatrice Ordonez sold 85,000 shares of the business's stock in a transaction that occurred on Tuesday, January 21st. The shares were sold at an average price of $10.40, for a total transaction of $884,000.00. Following the transaction, the chief financial officer now directly owns 2,305,245 shares of the company's stock, valued at approximately $23,974,548. The trade was a 3.56 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. 5.57% of the stock is owned by corporate insiders.

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Payoneer Global Price Performance

NASDAQ PAYO traded down $0.76 on Thursday, hitting $6.79. 1,330,063 shares of the stock were exchanged, compared to its average volume of 3,158,665. The company's 50-day moving average price is $9.03 and its two-hundred day moving average price is $9.31. Payoneer Global Inc. has a 52-week low of $4.69 and a 52-week high of $11.29. The company has a market capitalization of $2.44 billion, a price-to-earnings ratio of 19.40, a P/E/G ratio of 2.88 and a beta of 0.97.

Payoneer Global (NASDAQ:PAYO - Get Free Report) last issued its quarterly earnings results on Thursday, February 27th. The company reported $0.05 earnings per share for the quarter, missing analysts' consensus estimates of $0.06 by ($0.01). The business had revenue of $261.74 million for the quarter, compared to analysts' expectations of $242.14 million. Payoneer Global had a net margin of 13.82% and a return on equity of 17.78%. During the same quarter in the prior year, the firm posted $0.05 EPS. Equities analysts predict that Payoneer Global Inc. will post 0.34 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

PAYO has been the subject of a number of research analyst reports. Northland Securities upped their price target on shares of Payoneer Global from $13.00 to $14.00 and gave the company an "outperform" rating in a report on Friday, December 6th. Wolfe Research cut shares of Payoneer Global from an "outperform" rating to a "peer perform" rating in a report on Wednesday, January 8th. Citigroup lifted their price target on shares of Payoneer Global from $14.50 to $16.50 and gave the stock a "buy" rating in a research report on Tuesday, March 4th. The Goldman Sachs Group cut their price objective on Payoneer Global from $11.00 to $9.00 and set a "buy" rating for the company in a research report on Wednesday. Finally, Keefe, Bruyette & Woods decreased their target price on Payoneer Global from $10.00 to $8.00 and set a "market perform" rating on the stock in a report on Monday. Two equities research analysts have rated the stock with a hold rating, six have issued a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $12.36.

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.