Massar Capital Management LP Makes New $625,000 Investment in Payoneer Global Inc. (NASDAQ:PAYO)

Massar Capital Management LP bought a new stake in Payoneer Global Inc. (NASDAQ:PAYO - Free Report) in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm bought 62,280 shares of the company's stock, valued at approximately $625,000.

Other hedge funds have also bought and sold shares of the company. Smartleaf Asset Management LLC lifted its position in Payoneer Global by 405.8% during the fourth quarter. Smartleaf Asset Management LLC now owns 3,819 shares of the company's stock worth $38,000 after acquiring an additional 3,064 shares during the last quarter. Fifth Third Bancorp increased its stake in 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 acquiring an additional 1,016 shares during the last quarter. Blue Trust Inc. grew 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 buying an additional 940 shares during the last quarter. GAMMA Investing LLC grew its stake in shares of Payoneer Global by 41.7% during the fourth quarter. GAMMA Investing LLC now owns 8,241 shares of the company's stock worth $83,000 after buying an additional 2,425 shares during the last quarter. Finally, CreativeOne Wealth LLC bought a new stake in shares of Payoneer Global during the fourth quarter worth $103,000. 82.22% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

PAYO has been the topic of a number of research reports. The Goldman Sachs Group decreased their target price on shares of Payoneer Global from $11.00 to $9.00 and set a "buy" rating on the stock in a research note on Wednesday, April 2nd. Keefe, Bruyette & Woods reduced their price objective on shares of 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. Citigroup boosted their price objective on shares of Payoneer Global from $14.50 to $16.50 and gave the stock a "buy" rating in a research note on Tuesday, March 4th. Deutsche Bank Aktiengesellschaft initiated coverage on shares of Payoneer Global in a research note on Monday, February 3rd. They issued a "buy" rating and a $13.00 price objective on the stock. Finally, Wolfe Research cut shares of Payoneer Global from an "outperform" rating to a "peer perform" rating in a research note on Wednesday, January 8th. Two investment 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, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $12.36.

Payoneer Global Stock Performance

Payoneer Global stock traded up $0.08 during mid-day trading on Friday, reaching $6.97. The stock had a trading volume of 1,841,833 shares, compared to its average volume of 3,057,587. Payoneer Global Inc. has a fifty-two week low of $4.90 and a fifty-two week high of $11.29. The stock's 50-day simple moving average is $7.46 and its 200-day simple moving average is $9.15. The firm has a market capitalization of $2.51 billion, a PE ratio of 19.91, a price-to-earnings-growth ratio of 2.88 and a beta of 1.02.

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