Metavasi Capital LP Has $12.16 Million Holdings in Payoneer Global Inc. (NASDAQ:PAYO)

Metavasi Capital LP lowered its stake in shares of Payoneer Global Inc. (NASDAQ:PAYO - Free Report) by 41.2% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 1,211,118 shares of the company's stock after selling 850,000 shares during the quarter. Payoneer Global comprises about 4.3% of Metavasi Capital LP's holdings, making the stock its 5th largest position. Metavasi Capital LP owned 0.34% of Payoneer Global worth $12,160,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors have also recently added to or reduced their stakes in the company. Susquehanna Capital Management LLC lifted its position in shares of Payoneer Global by 290.3% during the fourth quarter. Susquehanna Capital Management LLC now owns 25,268,954 shares of the company's stock worth $253,700,000 after purchasing an additional 18,794,047 shares in the last quarter. Price T Rowe Associates Inc. MD grew its holdings in Payoneer Global by 5.3% during the 4th quarter. Price T Rowe Associates Inc. MD now owns 8,709,989 shares of the company's stock worth $87,450,000 after acquiring an additional 440,231 shares in the last quarter. American Century Companies Inc. increased its position in shares of Payoneer Global by 24.8% in the 4th quarter. American Century Companies Inc. now owns 8,166,652 shares of the company's stock worth $81,993,000 after purchasing an additional 1,624,948 shares during the last quarter. Geode Capital Management LLC grew its position in shares of Payoneer Global by 2.4% in the 4th quarter. Geode Capital Management LLC now owns 6,777,377 shares of the company's stock worth $68,059,000 after acquiring an additional 156,252 shares in the last quarter. Finally, Dimensional Fund Advisors LP boosted its holdings in Payoneer Global by 6.7% in the fourth quarter. Dimensional Fund Advisors LP now owns 5,982,879 shares of the company's stock worth $60,067,000 after purchasing an additional 377,008 shares during the period. Hedge funds and other institutional investors own 82.22% of the company's stock.

Analysts Set New Price Targets

Several brokerages recently weighed in on PAYO. Wolfe Research downgraded shares of Payoneer Global from an "outperform" rating to a "peer perform" rating in a research report on Wednesday, January 8th. The Goldman Sachs Group reduced their price objective on shares of 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 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 upped their price target 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. Finally, 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 target on the stock. Two equities research 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, the company presently has an average rating of "Moderate Buy" and a consensus price target of $12.36.

Payoneer Global Price Performance

Shares of Payoneer Global stock traded up $0.01 during midday trading on Tuesday, hitting $7.12. 2,586,757 shares of the company were exchanged, compared to its average volume of 3,080,844. The firm has a 50 day simple moving average of $7.09 and a 200-day simple moving average of $9.11. Payoneer Global Inc. has a 52 week low of $5.03 and a 52 week high of $11.29. The firm has a market cap of $2.56 billion, a P/E ratio of 20.32, a PEG ratio of 2.88 and a beta of 1.03.

Payoneer Global (NASDAQ:PAYO - Get Free Report) last announced its earnings results on Thursday, February 27th. The company reported $0.05 EPS 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 previous year, the company posted $0.05 EPS. Equities research analysts expect that Payoneer Global Inc. will post 0.34 earnings per share for the current year.

Payoneer Global 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.