5 Best Technology Penny Stocks To Invest In Now

3. Payoneer Global Inc (NASDAQ:PAYO)

Number of Hedge Fund Investors: 27

Payoneer Global Inc (NASDAQ:PAYO) shares fell in February after the company posted Q4 results, which came in better than expected but their effect was eclipsed by Payoneer Global Inc’s (NASDAQ:PAYO) lower-than-expected adjusted EBITDA and revenue guidance. Nonetheless, hedge funds are showing interest in Payoneer Global Inc (NASDAQ:PAYO), since Insider Monkey’s proprietary database of smart money investors and their holdings shows that 27 hedge funds had stakes in Payoneer Global Inc (NASDAQ:PAYO) as of the end of the fourth quarter of 2023.