AQR Capital Management LLC Invests $396,000 in Payoneer Global Inc. (NASDAQ:PAYO)

AQR Capital Management LLC purchased a new stake in shares of Payoneer Global Inc. (NASDAQ:PAYO - Free Report) during the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund purchased 71,418 shares of the company's stock, valued at approximately $396,000.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. SageView Advisory Group LLC bought a new position in shares of Payoneer Global during the first quarter valued at approximately $39,000. Harel Insurance Investments & Financial Services Ltd. increased its position 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 buying an additional 2,074 shares in the last quarter. Sage Rhino Capital LLC purchased a new position in Payoneer Global during the second quarter valued at $56,000. Citizens Financial Group Inc. RI bought a new stake in Payoneer Global in the second quarter worth $94,000. Finally, Xponance Inc. boosted its holdings in Payoneer Global by 12.1% in the second quarter. Xponance Inc. now owns 17,928 shares of the company's stock worth $99,000 after acquiring an additional 1,942 shares in the last quarter. 82.22% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several research firms have recently issued reports on PAYO. The Goldman Sachs Group lifted their price target on Payoneer Global from $8.00 to $9.00 and gave the stock a "buy" rating in a research report on Monday. Benchmark reiterated a "buy" rating and issued a $9.00 target price on shares of Payoneer Global in a research note on Thursday, August 8th. Northland Securities raised their price target on shares of Payoneer Global from $9.00 to $10.00 and gave the company an "outperform" rating in a research report on Tuesday, September 10th. Cantor Fitzgerald raised Payoneer Global to a "strong-buy" rating in a research report on Monday, August 12th. Finally, Keefe, Bruyette & Woods increased their target price on Payoneer Global from $7.00 to $8.00 and gave the company an "outperform" rating in a research note on Thursday, August 8th. Six 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 presently has a consensus rating of "Buy" and a consensus price target of $8.79.

Payoneer Global Trading Up 0.9 %

PAYO stock traded up $0.07 on Wednesday, hitting $8.10. The company had a trading volume of 1,528,455 shares, compared to its average volume of 2,628,790. Payoneer Global Inc. has a 12-month low of $4.22 and a 12-month high of $8.11. The stock has a market cap of $3.02 billion, a price-to-earnings ratio of 27.00 and a beta of 0.85. The stock's 50-day simple moving average is $7.37 and its 200 day simple moving average is $6.11.

Payoneer Global (NASDAQ:PAYO - Get Free Report) last released its quarterly earnings results on Wednesday, August 7th. The company reported $0.09 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.06 by $0.03. The firm had revenue of $239.50 million for the quarter, compared to the consensus estimate of $223.12 million. Payoneer Global had a return on equity of 15.28% and a net margin of 11.25%. The company's revenue for the quarter was up 15.9% on a year-over-year basis. During the same period last year, the business posted $0.12 EPS. Research analysts forecast that Payoneer Global Inc. will post 0.25 earnings per share for the current year.

Insider Buying and Selling at Payoneer Global

In other news, Director Scott H. Galit sold 150,000 shares of the stock in a transaction that occurred 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 transaction, the director now owns 1,809,674 shares in the company, valued at $12,794,395.18. This represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. In related news, CAO Itai Perry sold 4,100 shares of Payoneer Global stock in a transaction on Tuesday, October 15th. The stock was sold at an average price of $8.00, for a total transaction of $32,800.00. Following the transaction, the chief accounting officer now directly owns 228,738 shares in the company, valued at approximately $1,829,904. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Scott H. Galit sold 150,000 shares of the company's stock in a transaction dated 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 completion of the sale, the director now owns 1,809,674 shares of the company's stock, valued at approximately $12,794,395.18. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 158,000 shares of company stock worth $1,124,500 in the last three months. 5.57% of the stock is currently owned by company insiders.

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.