Sage Mountain Advisors LLC Buys New Position in Payoneer Global Inc. (NASDAQ:PAYO)

Sage Mountain Advisors LLC bought a new stake in Payoneer Global Inc. (NASDAQ:PAYO) during the 4th quarter, Holdings Channel.com reports. The firm bought 34,658 shares of the company’s stock, valued at approximately $348,000.

Several other institutional investors have also added to or reduced their stakes in PAYO. Van ECK Associates Corp boosted its holdings in Payoneer Global by 1.6% in the third quarter. Van ECK Associates Corp now owns 84,209 shares of the company’s stock valued at $634,000 after acquiring an additional 1,306 shares during the last quarter. Los Angeles Capital Management LLC bought a new stake in Payoneer Global in the third quarter valued at approximately $210,000. Royce & Associates LP boosted its holdings in Payoneer Global by 49.3% in the third quarter. Royce & Associates LP now owns 234,010 shares of the company’s stock valued at $1,762,000 after acquiring an additional 77,232 shares during the last quarter. Quest Partners LLC bought a new stake in Payoneer Global in the third quarter valued at approximately $415,000. Finally, Intech Investment Management LLC bought a new stake in Payoneer Global in the third quarter valued at approximately $458,000. 82.22% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

PAYO has been the topic of several analyst reports. Keefe, Bruyette & Woods reduced their target price on Payoneer Global from $11.00 to $10.00 and set a “market perform” rating on the stock in a report on Friday, February 28th. Northland Securities increased their price target on Payoneer Global from $13.00 to $14.00 and gave the stock an “outperform” rating in a report on Friday, December 6th. Wolfe Research cut Payoneer Global from an “outperform” rating to a “peer perform” rating in a report on Wednesday, January 8th. Deutsche Bank Aktiengesellschaft started coverage on Payoneer Global in a report on Monday, February 3rd. They set a “buy” rating and a $13.00 price target on the stock. Finally, Citigroup increased their price target on Payoneer Global from $14.50 to $16.50 and gave the stock a “buy” rating in a report on Tuesday, March 4th. Two investment analysts have rated the stock with a hold rating, six have assigned a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $13.07.

Insider Transactions at Payoneer Global

In related news, CFO Beatrice Ordonez sold 85,000 shares of the stock in a transaction on Tuesday, January 21st. The stock was sold at an average price of $10.40, for a total value of $884,000.00. Following the completion of the sale, the chief financial officer now directly owns 2,305,245 shares of the company’s stock, valued at approximately $23,974,548. This represents a 3.56 % decrease in their position. The transaction was disclosed in a 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 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 $7,469,402.36. The trade was a 11.50 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 5.57% of the stock is owned by insiders.

Payoneer Global Stock Up 2.4 %

Shares of NASDAQ:PAYO opened at $7.23 on Thursday. Payoneer Global Inc. has a twelve month low of $4.22 and a twelve month high of $11.29. The stock’s 50 day moving average is $9.88 and its 200-day moving average is $9.29. The firm has a market capitalization of $2.60 billion, a price-to-earnings ratio of 20.66, a PEG ratio of 2.88 and a beta of 0.97.

Payoneer Global (NASDAQ:PAYO) last issued its 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). Payoneer Global had a return on equity of 17.78% and a net margin of 13.82%. The firm had revenue of $261.74 million for the quarter, compared to analyst estimates of $242.14 million. During the same period in the previous year, the company earned $0.05 earnings per share. Equities research analysts anticipate that Payoneer Global Inc. will post 0.34 earnings per share for the current fiscal 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.