Neo Ivy Capital Management Makes New $1.54 Million Investment in Payoneer Global Inc. (NASDAQ:PAYO)

Neo Ivy Capital Management purchased a new stake in Payoneer Global Inc. (NASDAQ:PAYO - Free Report) during the 4th quarter, according to the company in its most recent disclosure with the SEC. The institutional investor purchased 153,783 shares of the company's stock, valued at approximately $1,543,000.

Several other large investors have also modified their holdings of PAYO. Quarry LP acquired a new position in shares of Payoneer Global in the 4th quarter valued at $29,000. Smartleaf Asset Management LLC lifted its stake in shares of Payoneer Global by 405.8% in the 4th quarter. Smartleaf Asset Management LLC now owns 3,819 shares of the company's stock valued at $38,000 after purchasing an additional 3,064 shares during the last quarter. Fifth Third Bancorp grew its position in Payoneer Global by 29.3% in the 4th quarter. Fifth Third Bancorp now owns 4,488 shares of the company's stock valued at $45,000 after acquiring an additional 1,016 shares in the last quarter. Blue Trust Inc. grew its position in Payoneer Global by 21.2% in the 4th quarter. Blue Trust Inc. now owns 5,380 shares of the company's stock valued at $54,000 after acquiring an additional 940 shares in the last quarter. Finally, CreativeOne Wealth LLC acquired a new position in Payoneer Global in the 4th quarter valued at about $103,000. Institutional investors and hedge funds own 82.22% of the company's stock.

Payoneer Global Stock Performance

Shares of NASDAQ PAYO traded up $0.06 during trading on Thursday, reaching $6.87. The stock had a trading volume of 653,516 shares, compared to its average volume of 3,175,593. Payoneer Global Inc. has a one year low of $5.03 and a one year high of $11.29. The firm's 50 day moving average price is $6.84 and its two-hundred day moving average price is $8.86. The stock has a market cap of $2.48 billion, a PE ratio of 19.59, a P/E/G ratio of 2.88 and a beta of 1.03.

Payoneer Global (NASDAQ:PAYO - Get Free Report) last issued its quarterly earnings data on Wednesday, May 7th. The company reported $0.05 EPS for the quarter, missing analysts' consensus estimates of $0.07 by ($0.02). The company had revenue of $246.62 million for the quarter, compared to the consensus estimate of $244.52 million. Payoneer Global had a return on equity of 17.78% and a net margin of 13.82%. Payoneer Global's quarterly revenue was up 8.1% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.08 earnings per share. On average, research analysts expect that Payoneer Global Inc. will post 0.34 earnings per share for the current year.

Analyst Upgrades and Downgrades

PAYO has been the subject of several recent research reports. Jefferies Financial Group lifted their price objective on Payoneer Global from $8.00 to $8.50 and gave the company a "buy" rating in a research note on Tuesday. Needham & Company LLC reduced their price objective on Payoneer Global from $14.00 to $8.00 and set a "buy" rating for the company in a research note on Thursday, May 8th. Citigroup reiterated a "buy" rating and issued a $10.00 price objective (down previously from $13.00) on shares of Payoneer Global in a research note on Thursday, May 22nd. Deutsche Bank Aktiengesellschaft began coverage on Payoneer Global in a research note on Monday, February 3rd. They issued a "buy" rating and a $13.00 price objective for the company. Finally, Keefe, Bruyette & Woods raised shares of Payoneer Global from a "market perform" rating to an "outperform" rating and increased their price target for the stock from $7.00 to $9.00 in a report on Tuesday, May 13th. One equities research analyst has rated the stock with a hold rating, eight have given a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of "Buy" and an average price target of $10.44.

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.