Tudor Investment Corp ET AL Invests $13.64 Million in Payoneer Global Inc. (NASDAQ:PAYO)

Tudor Investment Corp ET AL bought a new stake in Payoneer Global Inc. (NASDAQ:PAYO - Free Report) in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 1,358,821 shares of the company's stock, valued at approximately $13,643,000. Tudor Investment Corp ET AL owned about 0.38% of Payoneer Global as of its most recent SEC filing.

Other large investors also recently added to or reduced their stakes in the company. Quarry LP acquired a new stake in Payoneer Global in the 4th quarter worth approximately $29,000. Smartleaf Asset Management LLC lifted its stake in shares of Payoneer Global by 405.8% in the fourth quarter. Smartleaf Asset Management LLC now owns 3,819 shares of the company's stock worth $38,000 after buying an additional 3,064 shares during the last quarter. Fifth Third Bancorp lifted its stake in shares of Payoneer Global by 29.3% in the fourth quarter. Fifth Third Bancorp now owns 4,488 shares of the company's stock worth $45,000 after buying an additional 1,016 shares during the last quarter. Blue Trust Inc. grew its stake in Payoneer Global by 21.2% in the 4th quarter. Blue Trust Inc. now owns 5,380 shares of the company's stock valued at $54,000 after buying an additional 940 shares during the last quarter. Finally, GAMMA Investing LLC raised its holdings in Payoneer Global by 41.7% in the 4th quarter. GAMMA Investing LLC now owns 8,241 shares of the company's stock worth $83,000 after acquiring an additional 2,425 shares during the period. 82.22% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

A number of research firms have issued reports on PAYO. The Goldman Sachs Group decreased their price target on shares of Payoneer Global from $11.00 to $9.00 and set a "buy" rating for the company in a report on Wednesday, April 2nd. Deutsche Bank Aktiengesellschaft assumed coverage on Payoneer Global in a report on Monday, February 3rd. They issued a "buy" rating and a $13.00 target price on the stock. Keefe, Bruyette & Woods cut their price target on Payoneer Global from $10.00 to $8.00 and set a "market perform" rating for the company in a report on Monday, March 31st. Wolfe Research downgraded shares of Payoneer Global from an "outperform" rating to a "peer perform" rating in a research note on Wednesday, January 8th. Finally, Citigroup boosted their target price on shares of Payoneer Global from $14.50 to $16.50 and gave the stock a "buy" rating in a research report on Tuesday, March 4th. Two analysts have rated the stock with a hold rating, six have issued a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $12.36.

Payoneer Global Price Performance

Shares of NASDAQ PAYO traded up $0.12 during trading hours on Friday, reaching $7.21. The stock had a trading volume of 2,741,793 shares, compared to its average volume of 3,078,221. Payoneer Global Inc. has a twelve month low of $5.03 and a twelve month high of $11.29. The business's fifty day moving average is $7.15 and its two-hundred day moving average is $9.12. The company has a market cap of $2.59 billion, a price-to-earnings ratio of 20.60, a PEG ratio of 2.88 and a beta of 1.02.

Payoneer Global (NASDAQ:PAYO - Get Free Report) last released its quarterly earnings data on Thursday, February 27th. The company reported $0.05 EPS for the quarter, missing analysts' consensus estimates of $0.06 by ($0.01). The business had revenue of $261.74 million for the quarter, compared to the consensus estimate of $242.14 million. Payoneer Global had a return on equity of 17.78% and a net margin of 13.82%. During the same period in the previous year, the business posted $0.05 earnings per share. Sell-side analysts forecast that Payoneer Global Inc. will post 0.34 earnings per share for the current fiscal year.

Payoneer Global Company Profile

Payoneer Global Inc operates as a financial technology company. It operates a payment infrastructure platform that provides customers with a one-stop, global, multi-currency account to serve their accounts receivable and accounts payable needs. The company delivers a suite of services that includes cross-border payments, physical and virtual MasterCard cards, working capital, risk management, and other services.