Susquehanna Capital Management LLC Raises Stock Holdings in Payoneer Global Inc. (NASDAQ:PAYO)

Susquehanna Capital Management LLC boosted its holdings in shares of Payoneer Global Inc. (NASDAQ:PAYO - Free Report) by 290.3% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 25,268,954 shares of the company's stock after buying an additional 18,794,047 shares during the quarter. Payoneer Global makes up approximately 100.0% of Susquehanna Capital Management LLC's investment portfolio, making the stock its largest position. Susquehanna Capital Management LLC owned approximately 7.09% of Payoneer Global worth $253,700,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Smartleaf Asset Management LLC grew its stake in 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 buying an additional 3,064 shares during the last quarter. Fifth Third Bancorp grew its position in shares of Payoneer Global by 29.3% in the fourth quarter. Fifth Third Bancorp now owns 4,488 shares of the company's stock valued at $45,000 after purchasing an additional 1,016 shares during the last quarter. Blue Trust Inc. increased its stake 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 during the period. GAMMA Investing LLC lifted its holdings in Payoneer Global by 41.7% during the 4th 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 bought a new stake in Payoneer Global in the 4th quarter valued at $103,000. Institutional investors own 82.22% of the company's stock.

Payoneer Global Trading Up 1.7 %

NASDAQ PAYO traded up $0.12 on Tuesday, hitting $7.07. 4,214,507 shares of the company's stock were exchanged, compared to its average volume of 3,063,277. The stock has a 50-day moving average of $7.38 and a 200-day moving average of $9.14. The stock has a market cap of $2.54 billion, a price-to-earnings ratio of 20.20, a P/E/G 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.

Payoneer Global (NASDAQ:PAYO - Get Free Report) last announced 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 return on equity of 17.78% and a net margin of 13.82%. The business had revenue of $261.74 million for the quarter, compared to the consensus estimate of $242.14 million. During the same quarter in the prior year, the company earned $0.05 earnings per share. As a group, analysts predict that Payoneer Global Inc. will post 0.34 earnings per share for the current year.

Analyst Upgrades and Downgrades

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