Payoneer Global Inc. (NASDAQ:PAYO) Stock Holdings Lowered by Jacobs Levy Equity Management Inc.

Jacobs Levy Equity Management Inc. lowered its stake in Payoneer Global Inc. (NASDAQ:PAYO) by 8.1% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 3,073,520 shares of the company’s stock after selling 269,298 shares during the quarter. Jacobs Levy Equity Management Inc. owned approximately 0.80% of Payoneer Global worth $23,144,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also made changes to their positions in PAYO. SG Americas Securities LLC raised its holdings in shares of Payoneer Global by 993.8% during the 2nd quarter. SG Americas Securities LLC now owns 169,184 shares of the company’s stock valued at $937,000 after purchasing an additional 153,716 shares in the last quarter. Bank of New York Mellon Corp lifted its position in shares of Payoneer Global by 1.7% in the second quarter. Bank of New York Mellon Corp now owns 1,971,622 shares of the company’s stock worth $10,923,000 after buying an additional 33,063 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank boosted its stake in shares of Payoneer Global by 7.3% during the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 69,534 shares of the company’s stock worth $385,000 after acquiring an additional 4,738 shares in the last quarter. Sage Rhino Capital LLC acquired a new position in shares of Payoneer Global during the 2nd quarter valued at about $56,000. Finally, Van ECK Associates Corp grew its holdings in Payoneer Global by 4.3% during the second quarter. Van ECK Associates Corp now owns 82,903 shares of the company’s stock valued at $459,000 after purchasing an additional 3,444 shares during the last quarter. Institutional investors and hedge funds own 82.22% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research firms recently issued reports on PAYO. Needham & Company LLC upped their price objective on shares of Payoneer Global from $10.00 to $14.00 and gave the stock a “buy” rating in a report on Wednesday, November 6th. Benchmark increased their target price on Payoneer Global from $10.00 to $12.00 and gave the company a “buy” rating in a research note on Wednesday, November 6th. Northland Securities upped their price target on Payoneer Global from $9.00 to $10.00 and gave the stock an “outperform” rating in a 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 boosted their target price on shares of Payoneer Global from $9.00 to $12.00 and gave the stock an “outperform” rating in a research report on Wednesday, November 6th. 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, the stock has an average rating of “Buy” and a consensus target price of $10.79.

Payoneer Global Stock Up 1.8 %

Shares of Payoneer Global stock opened at $10.85 on Thursday. The stock has a market capitalization of $3.87 billion, a P/E ratio of 31.00 and a beta of 0.90. Payoneer Global Inc. has a 12-month low of $4.22 and a 12-month high of $11.29. The company has a 50-day simple moving average of $9.16 and a 200 day simple moving average of $7.24.

Payoneer Global (NASDAQ:PAYO) last posted its earnings results on Tuesday, November 5th. The company reported $0.11 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.04 by $0.07. Payoneer Global had a net margin of 13.82% and a return on equity of 17.78%. The company had revenue of $248.30 million during the quarter, compared to analysts’ expectations of $225.44 million. During the same quarter in the previous year, the company posted $0.05 earnings per share. Payoneer Global’s quarterly revenue was up 19.4% compared to the same quarter last year. On average, equities analysts anticipate that Payoneer Global Inc. will post 0.32 earnings per share for the current year.

Insider Activity

In other news, insider Crossover Managemen Technology sold 7,500,000 shares of the stock in a transaction on Monday, November 11th. The stock was sold at an average price of $10.32, for a total value of $77,400,000.00. Following the transaction, the insider now owns 34,197,116 shares of the company’s stock, valued at $352,914,237.12. This represents a 17.99 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CAO Itai Perry sold 3,900 shares of the company’s stock in a transaction dated Wednesday, October 9th. The shares were sold at an average price of $8.00, for a total value of $31,200.00. Following the completion of the sale, the chief accounting officer now owns 228,738 shares of the company’s stock, valued at $1,829,904. This represents a 1.68 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 7,562,402 shares of company stock worth $78,043,152. 5.57% of the stock is owned by corporate insiders.

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.