Payoneer Global Inc. (NASDAQ:PAYO) Shares Sold by Jump Financial LLC

Jump Financial LLC lowered its holdings in Payoneer Global Inc. (NASDAQ:PAYO) by 45.4% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 171,822 shares of the company’s stock after selling 142,864 shares during the quarter. Jump Financial LLC’s holdings in Payoneer Global were worth $1,725,000 as of its most recent SEC filing.

Other institutional investors have also recently made changes to their positions in the company. Smartleaf Asset Management LLC boosted its position in Payoneer Global by 405.8% in the 4th quarter. Smartleaf Asset Management LLC now owns 3,819 shares of the company’s stock worth $38,000 after purchasing an additional 3,064 shares in the last quarter. Fifth Third Bancorp lifted its stake in shares of Payoneer Global by 29.3% in the 4th quarter. Fifth Third Bancorp now owns 4,488 shares of the company’s stock valued at $45,000 after purchasing an additional 1,016 shares during the period. Blue Trust Inc. boosted its holdings in Payoneer Global by 21.2% during the fourth quarter. Blue Trust Inc. now owns 5,380 shares of the company’s stock worth $54,000 after buying an additional 940 shares in the last quarter. GAMMA Investing LLC grew its position in Payoneer Global by 41.7% during the fourth quarter. GAMMA Investing LLC now owns 8,241 shares of the company’s stock valued at $83,000 after buying an additional 2,425 shares during the period. Finally, CreativeOne Wealth LLC purchased a new position in Payoneer Global in the fourth quarter valued at $103,000. Hedge funds and other institutional investors own 82.22% of the company’s stock.

Payoneer Global Stock Down 0.8 %

Payoneer Global stock opened at $6.36 on Friday. The company has a fifty day simple moving average of $7.85 and a 200-day simple moving average of $9.18. The firm has a market capitalization of $2.29 billion, a price-to-earnings ratio of 18.17, a PEG ratio of 2.88 and a beta of 1.02. Payoneer Global Inc. has a 52-week low of $4.86 and a 52-week high of $11.29.

Payoneer Global (NASDAQ:PAYO) last announced its quarterly earnings data on Thursday, February 27th. The company reported $0.05 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.06 by ($0.01). Payoneer Global had a net margin of 13.82% and a return on equity of 17.78%. The business had revenue of $261.74 million for the quarter, compared to analysts’ expectations of $242.14 million. During the same period in the prior year, the company posted $0.05 EPS. On average, research analysts anticipate that Payoneer Global Inc. will post 0.34 EPS for the current fiscal year.

Insider Buying and Selling

In other Payoneer Global news, CFO Beatrice Ordonez sold 85,000 shares of the firm’s stock in a transaction on Tuesday, January 21st. The stock was sold at an average price of $10.40, for a total value of $884,000.00. Following the completion of the sale, the chief financial officer now directly owns 2,305,245 shares of the company’s stock, valued at $23,974,548. This trade represents a 3.56 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 5.57% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

Several equities research analysts have recently issued reports on PAYO shares. Citigroup increased their target price on shares of Payoneer Global from $14.50 to $16.50 and gave the stock a “buy” rating in a research note on Tuesday, March 4th. Deutsche Bank Aktiengesellschaft began coverage on Payoneer Global in a report on Monday, February 3rd. They issued a “buy” rating and a $13.00 price objective on the stock. Keefe, Bruyette & Woods reduced their target price on Payoneer Global from $10.00 to $8.00 and set a “market perform” rating for the company in a research note on Monday, March 31st. The Goldman Sachs Group dropped their price target on shares of Payoneer Global from $11.00 to $9.00 and set a “buy” rating on the stock in a research note on Wednesday, April 2nd. Finally, Wolfe Research cut shares of Payoneer Global from an “outperform” rating to a “peer perform” rating in a research report on Wednesday, January 8th. Two analysts have rated the stock with a hold rating, six have given a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $12.36.

Payoneer Global 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.