71,418 Shares in Payoneer Global Inc. (NASDAQ:PAYO) Purchased by AQR Capital Management LLC

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

Several other large investors have also recently added to or reduced their stakes in PAYO. SageView Advisory Group LLC bought a new position in shares of Payoneer Global during the 1st quarter worth approximately $39,000. Harel Insurance Investments & Financial Services Ltd. increased its holdings in Payoneer Global by 27.8% during the 1st quarter. Harel Insurance Investments & Financial Services Ltd. now owns 9,541 shares of the company’s stock valued at $46,000 after purchasing an additional 2,074 shares in the last quarter. Sage Rhino Capital LLC acquired a new stake in Payoneer Global during the 2nd quarter valued at $56,000. Citizens Financial Group Inc. RI acquired a new stake in Payoneer Global during the 2nd quarter valued at $94,000. Finally, Xponance Inc. increased its holdings in Payoneer Global by 12.1% during the 2nd quarter. Xponance Inc. now owns 17,928 shares of the company’s stock valued at $99,000 after purchasing an additional 1,942 shares in the last quarter. Institutional investors and hedge funds own 82.22% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts recently weighed in on PAYO shares. Benchmark reaffirmed a “buy” rating and set a $9.00 price target on shares of Payoneer Global in a report on Thursday, August 8th. Keefe, Bruyette & Woods raised their price target on Payoneer Global from $7.00 to $8.00 and gave the company an “outperform” rating in a report on Thursday, August 8th. Northland Securities lifted their target price on Payoneer Global from $9.00 to $10.00 and gave the company an “outperform” rating in a research note on Tuesday, September 10th. Citigroup lifted their target price on Payoneer Global from $7.00 to $8.50 and gave the company a “buy” rating in a research note on Monday, August 12th. Finally, The Goldman Sachs Group lifted their target price on Payoneer Global from $8.00 to $9.00 and gave the company a “buy” rating in a research note on Monday. Six research analysts have rated the stock with a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, the company presently has an average 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 that occurred on Wednesday, August 28th. The stock was sold at an average price of $7.07, for a total value of $1,060,500.00. Following the transaction, the director now 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 transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. In other news, CAO Itai Perry sold 3,900 shares of the stock in a transaction on Wednesday, October 9th. The stock was sold at an average price of $8.00, for a total value of $31,200.00. Following the completion of the transaction, the chief accounting officer now directly owns 228,738 shares in the company, valued at approximately $1,829,904. This represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Scott H. Galit sold 150,000 shares of the stock in a transaction on Wednesday, August 28th. The shares were sold at an average price of $7.07, for a total value of $1,060,500.00. Following the completion of the transaction, the director now owns 1,809,674 shares of the company’s stock, valued at $12,794,395.18. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Company insiders own 5.57% of the company’s stock.

Payoneer Global Stock Up 1.9 %

Shares of Payoneer Global stock opened at $8.03 on Wednesday. Payoneer Global Inc. has a 12 month low of $4.22 and a 12 month high of $8.03. The business has a fifty day simple moving average of $7.34 and a 200 day simple moving average of $6.10. The stock has a market cap of $3.00 billion, a PE ratio of 26.77 and a beta of 0.85.

Payoneer Global (NASDAQ:PAYO) last issued 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 return on equity of 15.28% and a net margin of 11.25%. The company had revenue of $239.50 million for the quarter, compared to analyst estimates of $223.12 million. During the same period in the previous year, the company posted $0.12 earnings per share. The company’s quarterly revenue was up 15.9% compared to the same quarter last year. Analysts expect that Payoneer Global Inc. will post 0.25 EPS for the current fiscal 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.