Moore Capital Management LP Acquires New Position in Payoneer Global Inc. $PAYO

Moore Capital Management LP acquired a new stake in shares of Payoneer Global Inc. (NASDAQ:PAYO) in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 281,029 shares of the company’s stock, valued at approximately $2,001,000.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in PAYO. BlackRock Inc. acquired a new stake in Payoneer Global in the second quarter valued at approximately $278,076,000. Pentwater Capital Management LP acquired a new position in shares of Payoneer Global during the second quarter worth $70,405,000. Bank of America Corp DE bought a new position in shares of Payoneer Global in the 2nd quarter valued at $26,398,000. Invesco Ltd. grew its position in 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 last quarter. Finally, Bank of New York Mellon Corp bought a new stake in Payoneer Global during the 2nd quarter worth $10,549,000. 82.22% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

A number of analysts have recently commented on the company. Weiss Ratings lowered Payoneer Global from a “hold (c)” rating to a “hold (c-)” rating in a research note on Tuesday, August 11th. Deutsche Bank Aktiengesellschaft downgraded Payoneer Global from a “buy” rating to a “hold” rating in a research note on Friday, August 7th. Benchmark downgraded shares of Payoneer Global from a “buy” rating to a “hold” rating in a research report on Thursday, June 18th. Needham & Company LLC lowered shares of Payoneer Global from a “buy” rating to a “hold” rating in a report on Monday, June 15th. Finally, Northland Securities set a $7.40 price target on shares of Payoneer Global in a research note on Monday, June 15th. One investment analyst has rated the stock with a Buy rating and eight have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and an average price target of $7.40.

Payoneer Global Stock Performance

Payoneer Global stock opened at $7.11 on Tuesday. The stock has a market capitalization of $2.41 billion, a price-to-earnings ratio of 50.79, a PEG ratio of 1.49 and a beta of 0.96. Payoneer Global Inc. has a 52-week low of $4.08 and a 52-week high of $7.18. The stock’s 50 day moving average price is $7.11 and its two-hundred day moving average price is $5.85.

Payoneer Global (NASDAQ:PAYO) last released 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). Payoneer Global had a net margin of 4.65% and a return on equity of 9.97%. The company had revenue of $274.26 million during the quarter, compared to the consensus estimate of $270.98 million. During the same quarter in the prior year, the firm earned $0.05 EPS. The business’s revenue was up 5.2% compared to the same quarter last year. On average, equities research analysts forecast that Payoneer Global Inc. will post 0.2 EPS for the current year.

Insider Buying and Selling

In other Payoneer Global news, CFO Beatrice Ordonez sold 25,000 shares of the firm’s stock in a transaction on Monday, June 15th. The shares were sold at an average price of $7.01, for a total value of $175,250.00. Following the completion of the sale, the chief financial officer directly 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 transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders own 2.06% of the company’s stock.

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.