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

New Age Alpha Advisors LLC acquired a new position in Payoneer Global Inc. (NASDAQ:PAYO) during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor acquired 176,393 shares of the company’s stock, valued at approximately $991,000.

Several other institutional investors have also recently made changes to their positions in PAYO. Royal Bank of Canada lifted its stake in shares of Payoneer Global by 299.7% in the 1st quarter. Royal Bank of Canada now owns 158,997 shares of the company’s stock worth $1,162,000 after purchasing an additional 119,219 shares during the period. AQR Capital Management LLC lifted its stake in shares of Payoneer Global by 8.8% in the 1st quarter. AQR Capital Management LLC now owns 291,908 shares of the company’s stock worth $2,134,000 after purchasing an additional 23,533 shares during the period. Caxton Associates LLP bought a new position in shares of Payoneer Global in the 1st quarter worth approximately $172,000. United Services Automobile Association bought a new position in shares of Payoneer Global in the 1st quarter worth approximately $126,000. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC lifted its stake in shares of Payoneer Global by 5.9% in the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 757,827 shares of the company’s stock worth $5,540,000 after purchasing an additional 41,970 shares during the period. Institutional investors own 82.22% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts have recently weighed in on the stock. Bank of America assumed coverage on shares of Payoneer Global in a research note on Wednesday, March 25th. They issued a “buy” rating and a $6.00 price objective on the stock. Weiss Ratings cut shares of Payoneer Global from a “hold (c-)” rating to a “sell (d+)” rating in a research note on Wednesday, May 20th. Benchmark lowered their price objective on shares of Payoneer Global from $10.00 to $7.00 and set a “buy” rating on the stock in a research note on Friday, March 6th. Keefe, Bruyette & Woods decreased their target price on shares of Payoneer Global from $7.50 to $7.00 and set an “outperform” rating on the stock in a research note on Friday, February 27th. Finally, Needham & Company LLC decreased their target price on shares of Payoneer Global from $10.00 to $8.00 and set a “buy” rating on the stock in a research note on Thursday, February 26th. Five analysts have rated the stock with a Buy rating and one has issued a Sell rating to the company. According to MarketBeat.com, Payoneer Global has a consensus rating of “Moderate Buy” and an average target price of $7.17.

Payoneer Global Price Performance

Payoneer Global stock opened at $4.99 on Thursday. The stock has a market cap of $1.67 billion, a P/E ratio of 24.95, a PEG ratio of 0.53 and a beta of 1.01. Payoneer Global Inc. has a 1 year low of $4.08 and a 1 year high of $7.66. The firm’s 50 day moving average price is $4.91 and its 200-day moving average price is $5.30.

Payoneer Global (NASDAQ:PAYO) last released its quarterly earnings data on Thursday, May 7th. The company reported $0.06 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.04 by $0.02. The firm had revenue of $261.60 million for the quarter, compared to analysts’ expectations of $255.12 million. Payoneer Global had a net margin of 6.76% and a return on equity of 11.10%. The company’s revenue for the quarter was up 6.1% compared to the same quarter last year. During the same quarter last year, the business posted $0.05 earnings per share. As a group, equities analysts expect that Payoneer Global Inc. will post 0.27 EPS for the current year.

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.