Payoneer Global Inc. $PAYO Shares Acquired by Tudor Investment Corp ET AL

Tudor Investment Corp ET AL increased its holdings in Payoneer Global Inc. (NASDAQ:PAYO) by 15.8% during the third quarter, HoldingsChannel.com reports. The fund owned 1,065,357 shares of the company’s stock after buying an additional 145,084 shares during the period. Tudor Investment Corp ET AL’s holdings in Payoneer Global were worth $6,445,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors have also recently bought and sold shares of PAYO. Royal Bank of Canada raised its holdings in shares of Payoneer Global by 299.7% in the first quarter. Royal Bank of Canada now owns 158,997 shares of the company’s stock valued at $1,162,000 after buying an additional 119,219 shares during the last quarter. AQR Capital Management LLC increased its position in Payoneer Global by 8.8% in the 1st quarter. AQR Capital Management LLC now owns 291,908 shares of the company’s stock valued at $2,134,000 after acquiring an additional 23,533 shares during the period. Caxton Associates LLP purchased a new stake in Payoneer Global during the 1st quarter valued at approximately $172,000. United Services Automobile Association acquired a new stake in Payoneer Global during the 1st quarter worth approximately $126,000. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew its stake in shares of Payoneer Global by 5.9% in the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 757,827 shares of the company’s stock valued at $5,540,000 after purchasing an additional 41,970 shares during the last quarter. Institutional investors and hedge funds own 82.22% of the company’s stock.

Payoneer Global Price Performance

Payoneer Global stock opened at $4.73 on Wednesday. The stock’s 50 day moving average price is $5.30 and its 200 day moving average price is $5.68. Payoneer Global Inc. has a 1-year low of $4.08 and a 1-year high of $7.97. The company has a market cap of $1.63 billion, a PE ratio of 24.90, a price-to-earnings-growth ratio of 0.59 and a beta of 1.09.

Payoneer Global (NASDAQ:PAYO) last released its quarterly earnings data on Thursday, February 26th. The company reported $0.05 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.06 by ($0.01). The business had revenue of $274.69 million during the quarter, compared to analysts’ expectations of $282.79 million. Payoneer Global had a return on equity of 10.89% and a net margin of 6.95%.The company’s revenue was up 5.0% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.05 EPS. On average, equities research analysts anticipate that Payoneer Global Inc. will post 0.34 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Several equities research analysts have recently commented on the company. Keefe, Bruyette & Woods cut their price target on Payoneer Global from $7.50 to $7.00 and set an “outperform” rating for the company in a research note on Friday, February 27th. Benchmark lowered their price objective on shares of Payoneer Global from $10.00 to $7.00 and set a “buy” rating on the stock in a research report on Friday, March 6th. Weiss Ratings reissued a “hold (c)” rating on shares of Payoneer Global in a research note on Thursday, January 22nd. Needham & Company LLC reduced their target price on shares of Payoneer Global from $10.00 to $8.00 and set a “buy” rating for the company in a research note on Thursday, February 26th. Finally, Wall Street Zen raised shares of Payoneer Global from a “sell” rating to a “hold” rating in a report on Sunday, March 15th. Seven investment analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $8.00.

Payoneer Global Company Profile

Payoneer Global (NASDAQ: PAYO) operates a digital payments platform that enables businesses, marketplaces and professionals to send and receive cross-border payments. The company’s core offerings include multi-currency receiving accounts, mass payout services and working capital solutions. Through its platform, Payoneer facilitates global transactions by connecting payors and payees across a network of local bank transfers, card payouts and digital wallets, supporting the seamless movement of funds in over 150 currencies.

Founded in 2005, Payoneer has grown from a small fintech venture into a widely adopted payments infrastructure provider that serves clients in more than 200 countries and territories.