Smartleaf Asset Management LLC Has $38,000 Stake in Payoneer Global Inc. (NASDAQ:PAYO)

Smartleaf Asset Management LLC lifted its position in Payoneer Global Inc. (NASDAQ:PAYO) by 405.8% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 3,819 shares of the company’s stock after purchasing an additional 3,064 shares during the quarter. Smartleaf Asset Management LLC’s holdings in Payoneer Global were worth $38,000 at the end of the most recent reporting period.

A number of other hedge funds also recently made changes to their positions in PAYO. Van ECK Associates Corp raised its stake in shares of Payoneer Global by 1.6% in the 3rd quarter. Van ECK Associates Corp now owns 84,209 shares of the company’s stock valued at $634,000 after buying an additional 1,306 shares in the last quarter. Los Angeles Capital Management LLC acquired a new position in Payoneer Global in the third quarter worth about $210,000. Royce & Associates LP raised its position in Payoneer Global by 49.3% in the third quarter. Royce & Associates LP now owns 234,010 shares of the company’s stock worth $1,762,000 after purchasing an additional 77,232 shares in the last quarter. Quest Partners LLC acquired a new position in shares of Payoneer Global in the 3rd quarter worth approximately $415,000. Finally, Intech Investment Management LLC acquired a new position in shares of Payoneer Global in the 3rd quarter worth approximately $458,000. Institutional investors and hedge funds own 82.22% of the company’s stock.

Payoneer Global Trading Up 0.3 %

PAYO opened at $7.06 on Wednesday. The stock has a market capitalization of $2.54 billion, a PE ratio of 20.17, a PEG ratio of 2.88 and a beta of 0.97. Payoneer Global Inc. has a 1-year low of $4.22 and a 1-year high of $11.29. The firm has a 50-day moving average price of $9.94 and a two-hundred day moving average price of $9.30.

Payoneer Global (NASDAQ:PAYO) 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 company had revenue of $261.74 million during the quarter, compared to analyst estimates of $242.14 million. Payoneer Global had a net margin of 13.82% and a return on equity of 17.78%. During the same period in the prior year, the business earned $0.05 EPS. On average, research analysts predict that Payoneer Global Inc. will post 0.34 EPS for the current year.

Insider Activity

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

Analyst Ratings Changes

A number of brokerages have recently issued reports on PAYO. Wolfe Research cut Payoneer Global from an “outperform” rating to a “peer perform” rating in a report on Wednesday, January 8th. Keefe, Bruyette & Woods dropped their price objective on Payoneer Global from $11.00 to $10.00 and set a “market perform” rating for the company in a research note on Friday, February 28th. Deutsche Bank Aktiengesellschaft assumed coverage on shares of Payoneer Global in a research report on Monday, February 3rd. They set a “buy” rating and a $13.00 target price for the company. Citigroup increased their target price 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. Finally, Northland Securities raised their price objective on shares of Payoneer Global from $13.00 to $14.00 and gave the stock an “outperform” rating in a report on Friday, December 6th. Two analysts have rated the stock with a hold rating, six have issued a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, Payoneer Global presently has a consensus rating of “Moderate Buy” and a consensus target price of $13.07.

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.