Moore Capital Management LP Takes $2 Million Position in Payoneer Global Inc. $PAYO

Moore Capital Management LP bought a new stake in Payoneer Global Inc. (NASDAQ:PAYO) in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm bought 281,029 shares of the company’s stock, valued at approximately $2,001,000. Moore Capital Management LP owned approximately 0.08% of Payoneer Global at the end of the most recent quarter.

A number of other institutional investors have also added to or reduced their stakes in the company. Leonteq Securities AG grew its position in shares of Payoneer Global by 72.0% in the 1st 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 period. Osaic Holdings Inc. raised its holdings in shares of Payoneer Global by 246.5% in the 2nd quarter. Osaic Holdings Inc. now owns 4,636 shares of the company’s stock valued at $33,000 after purchasing an additional 3,298 shares during the period. GAMMA Investing LLC lifted its stake in Payoneer Global by 73.8% in 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 during the last quarter. Resonant Capital Advisors LLC bought a new position in Payoneer Global during the first quarter worth about $49,000. Finally, CWM LLC raised its stake in Payoneer Global by 178.6% in the fourth quarter. CWM LLC now owns 9,384 shares of the company’s stock valued at $53,000 after buying an additional 6,016 shares during the period. 82.22% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of research firms recently weighed in on PAYO. Needham & Company LLC lowered Payoneer Global from a “buy” rating to a “hold” rating in a report on Monday, June 15th. Benchmark downgraded shares of Payoneer Global from a “buy” rating to a “hold” rating in a report on Thursday, June 18th. Northland Securities set a $7.40 price objective on shares of Payoneer Global in a research report on Monday, June 15th. Weiss Ratings downgraded shares of Payoneer Global from a “hold (c)” rating to a “hold (c-)” rating in a report on Tuesday, August 11th. Finally, William Blair lowered shares of Payoneer Global from an “outperform” rating to a “hold” rating in a research note on Monday, June 15th. One analyst has rated the stock with a Buy rating and eight have issued a Hold rating to the company’s stock. According to data from MarketBeat, Payoneer Global has an average rating of “Hold” and an average target price of $7.40.

Insider Buying and Selling

In other Payoneer Global news, CFO Beatrice Ordonez sold 25,000 shares of Payoneer Global 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 completion of the transaction, the chief financial officer directly owned 2,887,266 shares of the company’s stock, valued at $20,239,734.66. The trade was a 0.86% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 2.06% of the stock is currently owned by company insiders.

Payoneer Global Stock Performance

PAYO stock opened at $7.11 on Tuesday. 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 PE ratio of 50.79, a price-to-earnings-growth ratio of 1.49 and a beta of 0.96. The company’s 50-day simple moving average is $7.11 and its 200 day simple moving average is $5.85.

Payoneer Global (NASDAQ:PAYO) last announced its earnings results on Thursday, August 6th. The company reported ($0.01) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.06 by ($0.07). Payoneer Global had a return on equity of 9.97% and a net margin of 4.65%.The business had revenue of $274.26 million for the quarter, compared to analyst estimates of $270.98 million. During the same quarter in the previous year, the company earned $0.05 EPS. The business’s revenue for the quarter was up 5.2% on a year-over-year basis. On average, analysts forecast that Payoneer Global Inc. will post 0.2 EPS for the current 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.