Tudor Investment Corp ET AL Acquires 145,084 Shares of Payoneer Global Inc. $PAYO

Tudor Investment Corp ET AL lifted its holdings in shares of Payoneer Global Inc. (NASDAQ:PAYO) by 15.8% in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 1,065,357 shares of the company’s stock after acquiring an additional 145,084 shares during the quarter. Tudor Investment Corp ET AL’s holdings in Payoneer Global were worth $6,445,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently made changes to their positions in the business. American Century Companies Inc. boosted its stake in shares of Payoneer Global by 10.7% during the 3rd quarter. American Century Companies Inc. now owns 7,326,825 shares of the company’s stock worth $44,327,000 after acquiring an additional 707,790 shares during the period. Dimensional Fund Advisors LP boosted its stake in shares of Payoneer Global by 3.2% during the 3rd quarter. Dimensional Fund Advisors LP now owns 7,309,436 shares of the company’s stock worth $44,229,000 after acquiring an additional 224,287 shares during the period. Invesco Ltd. boosted its stake in shares of Payoneer Global by 137.3% during the 2nd quarter. Invesco Ltd. now owns 5,562,623 shares of the company’s stock worth $38,104,000 after acquiring an additional 3,218,917 shares during the period. Azora Capital LP bought a new position in shares of Payoneer Global during the 2nd quarter worth approximately $30,996,000. Finally, Bank of America Corp DE boosted its stake in shares of Payoneer Global by 9.3% during the 3rd quarter. Bank of America Corp DE now owns 3,419,039 shares of the company’s stock worth $20,685,000 after acquiring an additional 289,598 shares during the period. 82.22% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several research analysts have recently commented on the company. Wall Street Zen downgraded Payoneer Global from a “hold” rating to a “sell” rating in a research note on Saturday, March 28th. Weiss Ratings reiterated 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 Payoneer Global from $10.00 to $8.00 and set a “buy” rating for the company in a research note on Thursday, February 26th. Keefe, Bruyette & Woods reduced their target price 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. Finally, Benchmark reduced their target price on Payoneer Global from $10.00 to $7.00 and set a “buy” rating for the company in a research note on Friday, March 6th. Seven equities research analysts have rated the stock with a Buy rating and one has given a Hold rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $7.57.

Payoneer Global Price Performance

PAYO opened at $4.81 on Wednesday. The business has a fifty day simple moving average of $5.13 and a 200 day simple moving average of $5.55. The company has a market capitalization of $1.66 billion, a PE ratio of 25.32, a price-to-earnings-growth ratio of 0.62 and a beta of 1.03. Payoneer Global Inc. has a 1 year low of $4.08 and a 1 year high of $7.66.

Payoneer Global (NASDAQ:PAYO) last released its quarterly earnings results 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 firm had revenue of $274.69 million during the quarter, compared to the consensus estimate of $282.79 million. Payoneer Global had a net margin of 6.95% and a return on equity of 10.89%. The business’s revenue for the quarter was up 5.0% compared to the same quarter last year. During the same quarter last year, the firm earned $0.05 earnings per share. Equities analysts anticipate that Payoneer Global Inc. will post 0.34 earnings per share for the current fiscal year.

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.