AQR Capital Management LLC Purchases New Position in Payoneer Global Inc. (NASDAQ:PAYO)

AQR Capital Management LLC purchased a new stake in Payoneer Global Inc. (NASDAQ:PAYO) during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm purchased 71,418 shares of the company’s stock, valued at approximately $396,000.

Several other large investors have also added to or reduced their stakes in the business. Natixis bought a new position in shares of Payoneer Global during the 1st quarter worth approximately $3,106,000. Tidal Investments LLC bought a new position in shares of Payoneer Global during the 1st quarter worth approximately $986,000. Janus Henderson Group PLC increased its stake in shares of Payoneer Global by 131.6% during the 1st quarter. Janus Henderson Group PLC now owns 358,940 shares of the company’s stock worth $1,744,000 after purchasing an additional 203,943 shares during the last quarter. Victory Capital Management Inc. increased its stake in shares of Payoneer Global by 17.1% during the 2nd quarter. Victory Capital Management Inc. now owns 4,417,785 shares of the company’s stock worth $24,475,000 after purchasing an additional 645,887 shares during the last quarter. Finally, ProShare Advisors LLC increased its stake in shares of Payoneer Global by 7.5% during the 1st quarter. ProShare Advisors LLC now owns 53,333 shares of the company’s stock worth $259,000 after purchasing an additional 3,730 shares during the last quarter. Institutional investors own 82.22% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts have recently issued reports on PAYO shares. The Goldman Sachs Group raised their price target on shares of Payoneer Global from $8.00 to $9.00 and gave the stock a “buy” rating in a research note on Monday. Citigroup raised their price target on shares of Payoneer Global from $7.00 to $8.50 and gave the stock a “buy” rating in a research note on Monday, August 12th. Needham & Company LLC lifted their price objective on shares of Payoneer Global from $9.00 to $10.00 and gave the company a “buy” rating in a research note on Monday, October 7th. Cantor Fitzgerald upgraded shares of Payoneer Global to a “strong-buy” rating in a research note on Monday, August 12th. Finally, Keefe, Bruyette & Woods lifted their price objective on shares of Payoneer Global from $7.00 to $8.00 and gave the company an “outperform” rating in a research note on Thursday, August 8th. Six equities research analysts have rated the stock with a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, Payoneer Global currently has a consensus rating of “Buy” and a consensus price target of $8.79.

Insiders Place Their Bets

In other news, Director Scott H. Galit sold 150,000 shares of the company’s stock in a transaction dated Wednesday, August 28th. The shares were sold at an average price of $7.07, for a total transaction of $1,060,500.00. Following the completion of the transaction, the director now directly owns 1,809,674 shares of the company’s stock, valued at approximately $12,794,395.18. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. In related news, Director Scott H. Galit sold 150,000 shares of the business’s stock in a transaction dated Wednesday, August 28th. The shares were sold at an average price of $7.07, for a total transaction of $1,060,500.00. Following the transaction, the director now owns 1,809,674 shares in the company, valued at $12,794,395.18. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CAO Itai Perry sold 3,900 shares of the business’s stock in a transaction dated Wednesday, October 9th. The shares were sold at an average price of $8.00, for a total transaction of $31,200.00. Following the transaction, the chief accounting officer now owns 228,738 shares in the company, valued at $1,829,904. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. 5.57% of the stock is currently owned by insiders.

Payoneer Global Price Performance

PAYO opened at $8.03 on Wednesday. The company has a fifty day moving average price of $7.34 and a 200-day moving average price of $6.10. The firm has a market capitalization of $3.00 billion, a P/E ratio of 26.77 and a beta of 0.85. Payoneer Global Inc. has a one year low of $4.22 and a one year high of $8.03.

Payoneer Global (NASDAQ:PAYO) last released its quarterly earnings results on Wednesday, August 7th. The company reported $0.09 EPS for the quarter, beating analysts’ consensus estimates of $0.06 by $0.03. Payoneer Global had a net margin of 11.25% and a return on equity of 15.28%. The firm had revenue of $239.50 million during the quarter, compared to analyst estimates of $223.12 million. During the same period in the previous year, the business earned $0.12 EPS. The business’s revenue for the quarter was up 15.9% on a year-over-year basis. On average, analysts expect that Payoneer Global Inc. will post 0.25 earnings per share for the current year.

About Payoneer Global

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.