New Age Alpha Advisors LLC Takes $991,000 Position in Payoneer Global Inc. $PAYO

New Age Alpha Advisors LLC acquired a new stake in shares of Payoneer Global Inc. (NASDAQ:PAYO) during the 4th quarter, HoldingsChannel.com reports. The firm acquired 176,393 shares of the company’s stock, valued at approximately $991,000.

Several other institutional investors and hedge funds have also recently modified their holdings of the stock. American Century Companies Inc. raised its position in shares of Payoneer Global by 10.7% during the third quarter. American Century Companies Inc. now owns 7,326,825 shares of the company’s stock valued at $44,327,000 after buying an additional 707,790 shares during the last quarter. Dimensional Fund Advisors LP grew its holdings in shares of Payoneer Global by 3.2% in the third quarter. Dimensional Fund Advisors LP now owns 7,309,436 shares of the company’s stock valued at $44,229,000 after purchasing an additional 224,287 shares in the last quarter. Invesco Ltd. grew its holdings in shares of Payoneer Global by 137.3% in the second quarter. Invesco Ltd. now owns 5,562,623 shares of the company’s stock valued at $38,104,000 after purchasing an additional 3,218,917 shares in the last quarter. Bank of America Corp DE grew its holdings in shares of Payoneer Global by 9.3% in the third quarter. Bank of America Corp DE now owns 3,419,039 shares of the company’s stock valued at $20,685,000 after purchasing an additional 289,598 shares in the last quarter. Finally, Alliancebernstein L.P. grew its holdings in shares of Payoneer Global by 67.7% in the third quarter. Alliancebernstein L.P. now owns 1,454,740 shares of the company’s stock valued at $8,801,000 after purchasing an additional 587,113 shares in the last quarter. Institutional investors own 82.22% of the company’s stock.

Payoneer Global Stock Up 0.8%

NASDAQ PAYO opened at $4.99 on Thursday. The company has a fifty day moving average of $4.91 and a two-hundred day moving average of $5.30. The firm has a market capitalization of $1.67 billion, a price-to-earnings ratio of 24.95, a PEG ratio of 0.53 and a beta of 1.01. Payoneer Global Inc. has a 52 week low of $4.08 and a 52 week high of $7.66.

Payoneer Global (NASDAQ:PAYO) last posted its quarterly earnings data on Thursday, May 7th. The company reported $0.06 EPS for the quarter, topping the consensus estimate of $0.04 by $0.02. The company had revenue of $261.60 million during the quarter, compared to analyst estimates of $255.12 million. Payoneer Global had a net margin of 6.76% and a return on equity of 11.10%. Payoneer Global’s quarterly revenue was up 6.1% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.05 earnings per share. Equities research analysts anticipate that Payoneer Global Inc. will post 0.27 EPS for the current year.

Analyst Ratings Changes

A number of research analysts recently weighed in on PAYO shares. Wall Street Zen raised shares of Payoneer Global from a “sell” rating to a “hold” rating in a report on Saturday, May 2nd. Keefe, Bruyette & Woods cut their target price on shares of Payoneer Global from $7.50 to $7.00 and set an “outperform” rating for the company in a report on Friday, February 27th. Weiss Ratings lowered shares of Payoneer Global from a “hold (c-)” rating to a “sell (d+)” rating in a report on Wednesday, May 20th. Benchmark cut their target price on shares of Payoneer Global from $10.00 to $7.00 and set a “buy” rating for the company in a report on Friday, March 6th. Finally, Needham & Company LLC cut their target price on shares of Payoneer Global from $10.00 to $8.00 and set a “buy” rating for the company in a report on Thursday, February 26th. Five investment analysts have rated the stock with a Buy rating and one has given a Sell rating to the company. According to data from MarketBeat, Payoneer Global has a consensus rating of “Moderate Buy” and an average price target of $7.17.

Payoneer Global Company Profile

Payoneer Global (NASDAQ: PAYO) operates a digital payments platform that enables businesses, marketplaces and professionals to send and receive cross-border payments. The company’s core offerings include multi-currency receiving accounts, mass payout services and working capital solutions. Through its platform, Payoneer facilitates global transactions by connecting payors and payees across a network of local bank transfers, card payouts and digital wallets, supporting the seamless movement of funds in over 150 currencies.

Founded in 2005, Payoneer has grown from a small fintech venture into a widely adopted payments infrastructure provider that serves clients in more than 200 countries and territories.