Voleon Capital Management LP Makes New $2.06 Million Investment in Payoneer Global Inc. (NASDAQ:PAYO)

Voleon Capital Management LP acquired a new position in shares of Payoneer Global Inc. (NASDAQ:PAYO - Free Report) in the fourth quarter, according to the company in its most recent filing with the SEC. The firm acquired 204,878 shares of the company's stock, valued at approximately $2,057,000. Voleon Capital Management LP owned approximately 0.06% of Payoneer Global at the end of the most recent quarter.

Several other hedge funds also recently modified their holdings of the company. PDT Partners LLC raised its position in Payoneer Global by 44.9% in the fourth quarter. PDT Partners LLC now owns 429,297 shares of the company's stock valued at $4,310,000 after purchasing an additional 132,994 shares during the period. Northern Trust Corp lifted its position in Payoneer Global by 17.9% during the 4th quarter. Northern Trust Corp now owns 3,019,162 shares of the company's stock worth $30,312,000 after acquiring an additional 458,594 shares in the last quarter. Tudor Investment Corp ET AL purchased a new position in Payoneer Global in the 4th quarter worth approximately $13,643,000. Quarry LP acquired a new stake in Payoneer Global in the fourth quarter valued at approximately $29,000. Finally, Susquehanna Capital Management LLC raised its stake 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 valued at $253,700,000 after purchasing an additional 18,794,047 shares during the period. 82.22% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of equities analysts have commented on the stock. The Goldman Sachs Group cut their price objective 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. Keefe, Bruyette & Woods reduced their price target 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 lifted their price objective on 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 assumed coverage on shares of Payoneer Global in a report on Monday, February 3rd. They issued a "buy" rating and a $13.00 price target on the stock. Two analysts have rated the stock with a hold rating, six have issued a buy rating and one has given a strong buy rating to the company. According to MarketBeat, Payoneer Global presently has a consensus rating of "Moderate Buy" and an average target price of $12.36.

Payoneer Global Trading Down 1.4 %

NASDAQ:PAYO traded down $0.10 during mid-day trading on Monday, hitting $7.11. The stock had a trading volume of 3,844,621 shares, compared to its average volume of 3,081,287. Payoneer Global Inc. has a 52 week low of $5.03 and a 52 week high of $11.29. The stock has a market capitalization of $2.56 billion, a price-to-earnings ratio of 20.31, a P/E/G ratio of 2.88 and a beta of 1.02. The company has a 50 day simple moving average of $7.15 and a 200-day simple moving average of $9.12.

Payoneer Global (NASDAQ:PAYO - Get Free Report) last issued 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 return on equity of 17.78% and a net margin of 13.82%. The business had revenue of $261.74 million during the quarter, compared to the consensus estimate of $242.14 million. During the same period last year, the company earned $0.05 earnings per share. As a group, equities research analysts anticipate 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.