Tudor Investment Corp ET AL Grows Holdings in Payoneer Global Inc. $PAYO

Tudor Investment Corp ET AL lifted its stake in Payoneer Global Inc. (NASDAQ:PAYO) by 15.8% during the 3rd quarter, according to the company in its most recent filing with the SEC. The fund 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 owned 0.30% of Payoneer Global worth $6,445,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently made changes to their positions in PAYO. Geode Capital Management LLC raised its position in Payoneer Global by 3.3% in the 2nd quarter. Geode Capital Management LLC now owns 7,058,130 shares of the company’s stock valued at $48,353,000 after purchasing an additional 226,215 shares in the last quarter. GSA Capital Partners LLP boosted its stake in shares of Payoneer Global by 195.9% in the 3rd quarter. GSA Capital Partners LLP now owns 395,610 shares of the company’s stock valued at $2,393,000 after buying an additional 261,895 shares during the period. Azora Capital LP acquired a new position in shares of Payoneer Global during the second quarter worth about $30,996,000. American Century Companies Inc. increased its stake in shares of Payoneer Global by 10.7% during the third quarter. American Century Companies Inc. now owns 7,326,825 shares of the company’s stock worth $44,327,000 after buying an additional 707,790 shares during the period. Finally, Dynamic Technology Lab Private Ltd purchased a new stake in shares of Payoneer Global during the second quarter worth approximately $343,000. Hedge funds and other institutional investors own 82.22% of the company’s stock.

Analyst Ratings Changes

PAYO has been the subject of a number of recent research reports. Weiss Ratings reiterated a “hold (c)” rating on shares of Payoneer Global in a research note on Thursday, January 22nd. Wall Street Zen upgraded shares of Payoneer Global from a “sell” rating to a “hold” rating in a report on Sunday, March 15th. Benchmark decreased their price objective on shares of Payoneer Global from $10.00 to $7.00 and set a “buy” rating for the company in a research report on Friday, March 6th. Keefe, Bruyette & Woods dropped their price objective on Payoneer Global from $7.50 to $7.00 and set an “outperform” rating on the stock in a report on Friday, February 27th. Finally, Needham & Company LLC cut their target price on Payoneer Global from $10.00 to $8.00 and set a “buy” rating on the stock in a research report on Thursday, February 26th. Seven equities research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $8.00.

Payoneer Global Price Performance

Shares of PAYO opened at $4.73 on Wednesday. Payoneer Global Inc. has a 1-year low of $4.08 and a 1-year high of $7.97. The stock 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. The firm has a fifty day moving average price of $5.30 and a 200 day moving average price of $5.68.

Payoneer Global (NASDAQ:PAYO) last issued 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). Payoneer Global had a return on equity of 10.89% and a net margin of 6.95%.The firm had revenue of $274.69 million for the quarter, compared to analysts’ expectations of $282.79 million. During the same period in the previous year, the business posted $0.05 EPS. The business’s revenue for the quarter was up 5.0% compared to the same quarter last year. As a group, equities analysts expect that Payoneer Global Inc. will post 0.34 EPS for the current fiscal year.

About Payoneer Global

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.