62,280 Shares in Payoneer Global Inc. (NASDAQ:PAYO) Bought by Massar Capital Management LP

Massar Capital Management LP purchased a new stake in Payoneer Global Inc. (NASDAQ:PAYO - Free Report) during the fourth quarter, according to its most recent filing with the SEC. The fund purchased 62,280 shares of the company's stock, valued at approximately $625,000.

A number of other large investors have also added to or reduced their stakes in the company. American Century Companies Inc. lifted its position in Payoneer Global by 24.8% during the fourth quarter. American Century Companies Inc. now owns 8,166,652 shares of the company's stock valued at $81,993,000 after purchasing an additional 1,624,948 shares during the last quarter. Geode Capital Management LLC raised its position in shares of Payoneer Global by 2.4% during the 4th quarter. Geode Capital Management LLC now owns 6,777,377 shares of the company's stock valued at $68,059,000 after buying an additional 156,252 shares in the last quarter. Dimensional Fund Advisors LP lifted its holdings in shares of Payoneer Global by 6.7% in the 4th quarter. Dimensional Fund Advisors LP now owns 5,982,879 shares of the company's stock valued at $60,067,000 after acquiring an additional 377,008 shares during the last quarter. Renaissance Technologies LLC grew its position in Payoneer Global by 15.4% in the fourth quarter. Renaissance Technologies LLC now owns 5,126,300 shares of the company's stock worth $51,468,000 after acquiring an additional 685,395 shares in the last quarter. Finally, Arrowstreet Capital Limited Partnership increased its stake in Payoneer Global by 200.0% during the fourth quarter. Arrowstreet Capital Limited Partnership now owns 3,470,347 shares of the company's stock worth $34,842,000 after acquiring an additional 2,313,481 shares during the last quarter. Institutional investors own 82.22% of the company's stock.

Wall Street Analyst Weigh In

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

Payoneer Global Trading Up 1.2 %

Shares of NASDAQ PAYO traded up $0.08 during mid-day trading on Friday, reaching $6.97. The company had a trading volume of 1,841,833 shares, compared to its average volume of 3,055,258. The stock has a market cap of $2.51 billion, a price-to-earnings ratio of 19.91, a price-to-earnings-growth ratio of 2.88 and a beta of 1.02. Payoneer Global Inc. has a 52 week low of $4.90 and a 52 week high of $11.29. The business's 50-day moving average is $7.53 and its 200-day moving average is $9.14.

Payoneer Global (NASDAQ:PAYO - Get Free Report) last released its quarterly earnings data on Thursday, February 27th. The company reported $0.05 earnings per share for the quarter, missing the consensus estimate of $0.06 by ($0.01). Payoneer Global had a net margin of 13.82% and a return on equity of 17.78%. The firm had revenue of $261.74 million during the quarter, compared to the consensus estimate of $242.14 million. During the same quarter in the previous year, the firm earned $0.05 earnings per share. As a group, equities research analysts forecast that Payoneer Global Inc. will post 0.34 earnings per share for the current year.

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.