327,311 Shares in Payoneer Global Inc. (NASDAQ:PAYO) Acquired by New Age Alpha Advisors LLC

New Age Alpha Advisors LLC bought a new position in Payoneer Global Inc. (NASDAQ:PAYO) during the 4th quarter, according to its most recent filing with the SEC. The institutional investor bought 327,311 shares of the company’s stock, valued at approximately $3,286,000. New Age Alpha Advisors LLC owned approximately 0.09% of Payoneer Global at the end of the most recent reporting period.

Several other large investors have also recently bought and sold shares of PAYO. Azora Capital LP bought a new position in shares of Payoneer Global in the third quarter worth approximately $31,901,000. Norges Bank bought a new position in shares of Payoneer Global in the 4th quarter worth $18,130,000. American Century Companies Inc. raised its position in shares of Payoneer Global by 24.8% during the 4th quarter. American Century Companies Inc. now owns 8,166,652 shares of the company’s stock valued at $81,993,000 after buying an additional 1,624,948 shares in the last quarter. JPMorgan Chase & Co. lifted its holdings in shares of Payoneer Global by 414.4% during the 4th quarter. JPMorgan Chase & Co. now owns 1,162,304 shares of the company’s stock worth $11,670,000 after acquiring an additional 936,345 shares during the last quarter. Finally, Lord Abbett & CO. LLC purchased a new position in Payoneer Global in the third quarter worth $6,064,000. 82.22% of the stock is owned by institutional investors.

Insider Buying and Selling

In other Payoneer Global news, CFO Beatrice Ordonez sold 85,000 shares of the company’s stock in a transaction on Tuesday, January 21st. The shares were sold at an average price of $10.40, for a total value of $884,000.00. Following the completion of the transaction, the chief financial officer now directly owns 2,305,245 shares in the company, valued at approximately $23,974,548. This represents a 3.56 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Tsafi Goldman sold 96,350 shares of Payoneer Global stock in a transaction dated Thursday, January 2nd. The shares were sold at an average price of $10.07, for a total transaction of $970,244.50. Following the sale, the insider now directly owns 741,748 shares in the company, valued at $7,469,402.36. The trade was a 11.50 % decrease in their position. The disclosure for this sale can be found here. 5.57% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

PAYO has been the subject of several research analyst reports. Deutsche Bank Aktiengesellschaft initiated coverage on Payoneer Global in a research note on Monday, February 3rd. They set a “buy” rating and a $13.00 price target for the company. Citigroup upped their target price on Payoneer Global from $14.50 to $16.50 and gave the stock a “buy” rating in a research note on Tuesday, March 4th. Keefe, Bruyette & Woods decreased their price target on shares of 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. Northland Securities upped their price objective on shares of Payoneer Global from $13.00 to $14.00 and gave the company an “outperform” rating in a research note on Friday, December 6th. Finally, Wolfe Research lowered shares of Payoneer Global from an “outperform” rating to a “peer perform” rating in a report on Wednesday, January 8th. Two investment analysts have rated the stock with a hold rating, six have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $13.07.

Payoneer Global Stock Down 2.4 %

Shares of NASDAQ PAYO opened at $7.25 on Friday. The firm’s fifty day moving average is $9.21 and its 200 day moving average 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 cap of $2.61 billion, a price-to-earnings ratio of 20.71, a PEG ratio of 2.88 and a beta of 0.97.

Payoneer Global (NASDAQ:PAYO) last announced its quarterly earnings results on Thursday, February 27th. The company reported $0.05 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.06 by ($0.01). The firm had revenue of $261.74 million during the quarter, compared to the consensus estimate 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 last year, the business earned $0.05 EPS. Equities research analysts anticipate that Payoneer Global Inc. will post 0.34 earnings per share for the current year.

Payoneer Global 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.