Payoneer Global Inc. (NASDAQ:PAYO) is Susquehanna Capital Management LLC's Largest Position

Susquehanna Capital Management LLC grew its position in shares of Payoneer Global Inc. (NASDAQ:PAYO - Free Report) by 290.3% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund owned 25,268,954 shares of the company's stock after purchasing an additional 18,794,047 shares during the quarter. Payoneer Global makes up about 100.0% of Susquehanna Capital Management LLC's holdings, making the stock its largest position. Susquehanna Capital Management LLC owned 7.09% of Payoneer Global worth $253,700,000 at the end of the most recent reporting period.

Other hedge funds also recently made changes to their positions in the company. Aquatic Capital Management LLC lifted its position in shares of Payoneer Global by 14.4% during the 4th quarter. Aquatic Capital Management LLC now owns 162,967 shares of the company's stock valued at $1,636,000 after acquiring an additional 20,467 shares during the period. Oxford Asset Management LLP purchased a new position in Payoneer Global during the fourth quarter worth about $109,000. Lord Abbett & CO. LLC lifted its position in Payoneer Global by 54.8% during the fourth quarter. Lord Abbett & CO. LLC now owns 1,246,694 shares of the company's stock worth $12,517,000 after buying an additional 441,382 shares during the period. Voya Investment Management LLC lifted its position in Payoneer Global by 135.1% during the fourth quarter. Voya Investment Management LLC now owns 598,188 shares of the company's stock worth $6,006,000 after buying an additional 343,714 shares during the period. Finally, Price T Rowe Associates Inc. MD lifted its position in Payoneer Global by 5.3% during the fourth quarter. Price T Rowe Associates Inc. MD now owns 8,709,989 shares of the company's stock worth $87,450,000 after buying an additional 440,231 shares during the period. Hedge funds and other institutional investors own 82.22% of the company's stock.

Payoneer Global Stock Up 1.4 %

PAYO stock traded up $0.10 during mid-day trading on Thursday, reaching $7.13. The company had a trading volume of 1,406,717 shares, compared to its average volume of 3,447,384. Payoneer Global Inc. has a one year low of $4.90 and a one year high of $11.29. The stock's 50-day simple moving average is $7.26 and its two-hundred day simple moving average is $9.12. The stock has a market capitalization of $2.56 billion, a P/E ratio of 20.36, a P/E/G 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 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 firm had revenue of $261.74 million during the quarter, compared to analyst estimates of $242.14 million. During the same quarter in the previous year, the business earned $0.05 earnings per share. On average, research analysts forecast that Payoneer Global Inc. will post 0.34 EPS for the current fiscal year.

Analysts Set New Price Targets

Several equities research analysts recently commented on the company. Citigroup raised their target price on Payoneer Global from $14.50 to $16.50 and gave the company a "buy" rating in a report on Tuesday, March 4th. Deutsche Bank Aktiengesellschaft started coverage on 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 lowered Payoneer Global from an "outperform" rating to a "peer perform" rating in a research note on Wednesday, January 8th. Keefe, Bruyette & Woods lowered their price objective on Payoneer Global from $10.00 to $8.00 and set a "market perform" rating for the company in a research note on Monday, March 31st. Finally, The Goldman Sachs Group lowered their price objective on Payoneer Global from $11.00 to $9.00 and set a "buy" rating for the company in a research note on Wednesday, April 2nd. Two equities research analysts have rated the stock with a hold rating, six have given a buy rating and one has given a strong buy rating to the company. According to MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus price target 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.