Pentwater Capital Management LP Invests $70.41 Million in Payoneer Global Inc. $PAYO

Pentwater Capital Management LP acquired a new position in shares of Payoneer Global Inc. (NASDAQ:PAYO) in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm acquired 9,888,410 shares of the company’s stock, valued at approximately $70,405,000. Payoneer Global accounts for about 0.4% of Pentwater Capital Management LP’s portfolio, making the stock its 26th largest holding. Pentwater Capital Management LP owned approximately 2.92% of Payoneer Global as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Leonteq Securities AG raised its stake in shares of Payoneer Global by 72.0% in the first quarter. Leonteq Securities AG now owns 6,496 shares of the company’s stock valued at $31,000 after acquiring an additional 2,720 shares during the last quarter. Osaic Holdings Inc. grew its position in Payoneer Global by 246.5% during the 2nd quarter. Osaic Holdings Inc. now owns 4,636 shares of the company’s stock worth $33,000 after acquiring an additional 3,298 shares during the last quarter. GAMMA Investing LLC increased its holdings in Payoneer Global by 73.8% during the 2nd quarter. GAMMA Investing LLC now owns 5,777 shares of the company’s stock valued at $41,000 after purchasing an additional 2,453 shares in the last quarter. Resonant Capital Advisors LLC acquired a new stake in Payoneer Global during the 1st quarter valued at $49,000. Finally, CWM LLC raised its position in Payoneer Global by 178.6% in the 4th quarter. CWM LLC now owns 9,384 shares of the company’s stock valued at $53,000 after purchasing an additional 6,016 shares during the last quarter. 82.22% of the stock is currently owned by institutional investors and hedge funds.

Payoneer Global Stock Performance

Shares of NASDAQ:PAYO opened at $7.12 on Thursday. The company has a 50-day simple moving average of $7.10 and a 200 day simple moving average of $5.82. Payoneer Global Inc. has a 52-week low of $4.08 and a 52-week high of $7.18. The company has a market capitalization of $2.41 billion, a P/E ratio of 50.86, a price-to-earnings-growth ratio of 1.49 and a beta of 0.96.

Payoneer Global (NASDAQ:PAYO) last issued its quarterly earnings data on Thursday, August 6th. The company reported ($0.01) earnings per share for the quarter, missing the consensus estimate of $0.06 by ($0.07). The company had revenue of $274.26 million during the quarter, compared to the consensus estimate of $270.98 million. Payoneer Global had a net margin of 4.65% and a return on equity of 9.97%. Payoneer Global’s revenue for the quarter was up 5.2% compared to the same quarter last year. During the same period in the previous year, the company earned $0.05 earnings per share. As a group, equities analysts forecast that Payoneer Global Inc. will post 0.2 earnings per share for the current year.

Insider Buying and Selling at Payoneer Global

In related news, CFO Beatrice Ordonez sold 25,000 shares of the firm’s stock in a transaction on Monday, June 15th. The stock was sold at an average price of $7.01, for a total value of $175,250.00. Following the transaction, the chief financial officer owned 2,887,266 shares in the company, valued at approximately $20,239,734.66. This trade represents a 0.86% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders own 2.06% of the company’s stock.

Analysts Set New Price Targets

Several analysts have recently commented on the company. Deutsche Bank Aktiengesellschaft cut Payoneer Global from a “buy” rating to a “hold” rating in a report on Friday, August 7th. Wall Street Zen raised Payoneer Global from a “sell” rating to a “hold” rating in a report on Saturday, May 2nd. Needham & Company LLC cut shares of Payoneer Global from a “buy” rating to a “hold” rating in a research report on Monday, June 15th. Weiss Ratings cut Payoneer Global from a “hold (c)” rating to a “hold (c-)” rating in a research note on Tuesday, August 11th. Finally, Northland Securities set a $7.40 target price on shares of Payoneer Global in a report on Monday, June 15th. One equities research analyst has rated the stock with a Buy rating and eight have given a Hold rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and an average target price of $7.40.

Payoneer Global 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.