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 - Free Report) 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 - Get Free Report) 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.

Want to see what other hedge funds are holding PAYO? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Payoneer Global Inc. (NASDAQ:PAYO - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.

Continue following MarketBeat

Add MarketBeat as your preferred source on Google to see our latest stories in your feed.

Add As Preferred Source