Voya Investment Management LLC Buys 343,714 Shares of Payoneer Global Inc. (NASDAQ:PAYO)

Voya Investment Management LLC increased its stake in shares of Payoneer Global Inc. (NASDAQ:PAYO - Free Report) by 135.1% during the fourth quarter, according to its most recent filing with the SEC. The institutional investor owned 598,188 shares of the company's stock after purchasing an additional 343,714 shares during the period. Voya Investment Management LLC owned 0.17% of Payoneer Global worth $6,006,000 as of its most recent SEC filing.

Other large investors have also added to or reduced their stakes in the company. Smartleaf Asset Management LLC boosted its stake in Payoneer Global by 405.8% during the fourth quarter. Smartleaf Asset Management LLC now owns 3,819 shares of the company's stock valued at $38,000 after buying an additional 3,064 shares during the period. Fifth Third Bancorp boosted its position in shares of Payoneer Global by 29.3% during 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 during the last quarter. Blue Trust Inc. grew its holdings in shares of Payoneer Global by 21.2% during the fourth quarter. Blue Trust Inc. now owns 5,380 shares of the company's stock worth $54,000 after purchasing an additional 940 shares in the last quarter. GAMMA Investing LLC increased its position in shares of Payoneer Global by 41.7% in the fourth quarter. GAMMA Investing LLC now owns 8,241 shares of the company's stock worth $83,000 after purchasing an additional 2,425 shares during the last quarter. Finally, CreativeOne Wealth LLC purchased a new stake in Payoneer Global in the fourth quarter valued at approximately $103,000. Institutional investors own 82.22% of the company's stock.

Payoneer Global Stock Up 1.7 %

Shares of PAYO traded up $0.12 during mid-day trading on Friday, hitting $7.21. 2,741,793 shares of the company's stock traded hands, compared to its average volume of 3,078,221. The firm has a market capitalization of $2.59 billion, a P/E ratio of 20.60, a PEG ratio of 2.88 and a beta of 1.02. The business's 50-day moving average price is $7.15 and its 200-day moving average price is $9.11. Payoneer Global Inc. has a 1 year low of $5.03 and a 1 year high of $11.29.

Payoneer Global (NASDAQ:PAYO - Get Free Report) last issued its quarterly earnings data on Thursday, February 27th. The company reported $0.05 EPS for the quarter, missing the consensus estimate of $0.06 by ($0.01). The company had revenue of $261.74 million during the quarter, compared to the consensus estimate of $242.14 million. Payoneer Global had a return on equity of 17.78% and a net margin of 13.82%. During the same quarter last year, the company posted $0.05 earnings per share. Sell-side analysts anticipate that Payoneer Global Inc. will post 0.34 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Several analysts have recently weighed in on the stock. Citigroup raised their price objective on shares of Payoneer Global from $14.50 to $16.50 and gave the company a "buy" rating in a research report on Tuesday, March 4th. The Goldman Sachs Group dropped their price target on Payoneer Global from $11.00 to $9.00 and set a "buy" rating for the company in a research note on Wednesday, April 2nd. Deutsche Bank Aktiengesellschaft initiated coverage on Payoneer Global in a research report on Monday, February 3rd. They issued a "buy" rating and a $13.00 target price for the company. Wolfe Research cut shares of Payoneer Global from an "outperform" rating to a "peer perform" rating in a research note on Wednesday, January 8th. Finally, Keefe, Bruyette & Woods reduced their price objective on Payoneer Global from $10.00 to $8.00 and set a "market perform" rating on the stock in a research note on Monday, March 31st. Two analysts have rated the stock with a hold rating, six have assigned a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $12.36.

About Payoneer Global

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.