Voleon Capital Management LP Purchases Shares of 204,878 Payoneer Global Inc. (NASDAQ:PAYO)

Voleon Capital Management LP bought a new stake in Payoneer Global Inc. (NASDAQ:PAYO - Free Report) during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 204,878 shares of the company's stock, valued at approximately $2,057,000. Voleon Capital Management LP owned about 0.06% of Payoneer Global as of its most recent SEC filing.

Other institutional investors and hedge funds have also bought and sold shares of the company. Quarry LP bought a new position in Payoneer Global in the 4th quarter worth about $29,000. Smartleaf Asset Management LLC boosted its stake in Payoneer Global by 405.8% in the fourth quarter. Smartleaf Asset Management LLC now owns 3,819 shares of the company's stock worth $38,000 after buying an additional 3,064 shares in the last quarter. Fifth Third Bancorp raised its stake in shares of Payoneer Global by 29.3% during the fourth quarter. Fifth Third Bancorp now owns 4,488 shares of the company's stock worth $45,000 after acquiring an additional 1,016 shares in the last quarter. Blue Trust Inc. lifted its stake in Payoneer Global by 21.2% in 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 last quarter. Finally, GAMMA Investing LLC boosted 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 valued at $83,000 after acquiring an additional 2,425 shares during the period. 82.22% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

PAYO has been the topic of a number of recent analyst reports. The Goldman Sachs Group cut their price target on shares of Payoneer Global from $11.00 to $9.00 and set a "buy" rating on the stock in a report on Wednesday, April 2nd. Wolfe Research lowered shares of Payoneer Global from an "outperform" rating to a "peer perform" rating in a research note on Wednesday, January 8th. Deutsche Bank Aktiengesellschaft assumed coverage on Payoneer Global in a research note on Monday, February 3rd. They issued a "buy" rating and a $13.00 target price on the stock. 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 report on Tuesday, March 4th. Finally, Keefe, Bruyette & Woods dropped 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 assigned a buy rating and one has assigned a strong buy rating to the company's stock. According to MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $12.36.

Payoneer Global Trading Up 0.8 %

NASDAQ PAYO traded up $0.06 on Tuesday, hitting $7.17. 1,618,749 shares of the company traded hands, compared to its average volume of 3,077,276. The business's 50 day moving average price is $7.09 and its 200-day moving average price is $9.11. The company has a market capitalization of $2.58 billion, a price-to-earnings ratio of 20.50, a P/E/G ratio of 2.88 and a beta of 1.03. Payoneer Global Inc. has a 52-week low of $5.03 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 (EPS) for the quarter, missing analysts' consensus estimates of $0.06 by ($0.01). Payoneer Global had a net margin of 13.82% and a return on equity of 17.78%. The company had revenue of $261.74 million for the quarter, compared to the consensus estimate of $242.14 million. During the same quarter last year, the firm posted $0.05 earnings per share. As a group, sell-side analysts predict that Payoneer Global Inc. will post 0.34 earnings per share for the current year.

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.