Sage Mountain Advisors LLC Purchases Shares of 34,658 Payoneer Global Inc. (NASDAQ:PAYO)

Sage Mountain Advisors LLC bought a new stake in shares of Payoneer Global Inc. (NASDAQ:PAYO - Free Report) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm bought 34,658 shares of the company's stock, valued at approximately $348,000.

Several other large investors have also modified their holdings of PAYO. Smartleaf Asset Management LLC lifted its position in Payoneer Global by 405.8% during the fourth quarter. Smartleaf Asset Management LLC now owns 3,819 shares of the company's stock valued at $38,000 after acquiring an additional 3,064 shares during the last quarter. Fifth Third Bancorp lifted its holdings in shares of Payoneer Global by 29.3% during the 4th quarter. Fifth Third Bancorp now owns 4,488 shares of the company's stock valued at $45,000 after purchasing an additional 1,016 shares during the last quarter. Blue Trust Inc. boosted its position in shares of Payoneer Global by 21.2% in the 4th 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 grew its stake in Payoneer Global by 41.7% during 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. Finally, Rialto Wealth Management LLC acquired a new position in Payoneer Global during the 4th quarter valued at about $105,000. Institutional investors own 82.22% of the company's stock.

Insider Buying and Selling at Payoneer Global

In related news, CFO Beatrice Ordonez sold 85,000 shares of the business's stock in a transaction dated 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 in the company, valued at approximately $23,974,548. The trade was a 3.56 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, insider Tsafi Goldman sold 96,350 shares of the stock in a transaction that occurred on Thursday, January 2nd. The shares were sold at an average price of $10.07, for a total value of $970,244.50. Following the completion of the sale, the insider now directly owns 741,748 shares of the company's stock, valued at approximately $7,469,402.36. This represents a 11.50 % decrease in their position. The disclosure for this sale can be found here. Insiders own 5.57% of the company's stock.

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Wall Street Analysts Forecast Growth

Several analysts have weighed in on the stock. Wolfe Research downgraded shares of Payoneer Global from an "outperform" rating to a "peer perform" rating in a research report on Wednesday, January 8th. Northland Securities raised their target price on Payoneer Global from $13.00 to $14.00 and gave the stock an "outperform" rating in a research note on Friday, December 6th. Keefe, Bruyette & Woods dropped their price target on Payoneer Global from $11.00 to $10.00 and set a "market perform" rating on the stock in a research note on Friday, February 28th. Deutsche Bank Aktiengesellschaft initiated coverage on Payoneer Global in a research note on Monday, February 3rd. They issued a "buy" rating and a $13.00 price objective for the company. Finally, Citigroup upped their target price on Payoneer Global from $14.50 to $16.50 and gave the company a "buy" rating in a research report on Tuesday, March 4th. Two analysts have rated the stock with a hold rating, six have assigned a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus target price of $13.07.

Payoneer Global Stock Up 1.4 %

Shares of Payoneer Global stock traded up $0.10 on Friday, reaching $7.20. The company's stock had a trading volume of 2,665,329 shares, compared to its average volume of 3,290,147. The company has a market capitalization of $2.59 billion, a P/E ratio of 20.57, a PEG ratio of 2.88 and a beta of 0.97. The stock has a 50-day moving average price of $9.76 and a 200-day moving average price of $9.29. Payoneer Global Inc. has a 52-week low of $4.22 and a 52-week high of $11.29.

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

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.