Jacobs Levy Equity Management Inc. Has $13.60 Million Holdings in Payoneer Global Inc. $PAYO

Key Points

• Jacobs Levy Equity Management Inc. reduced its stake in Payoneer Global by 2.7%, selling 52,342 shares and holding 1,860,905 shares valued at approximately $13.6 million.
• Several institutional investors, including Vanguard Group and Deutsche Bank AG, have increased their holdings in Payoneer Global, suggesting growing confidence in the company.
• Payoneer's earnings report for the last quarter showed a net margin of 9.81% and revenue up by 8.8% year-over-year, although it missed earnings estimates slightly.

Jacobs Levy Equity Management Inc. lowered its position in Payoneer Global Inc. (NASDAQ:PAYO - Free Report) by 2.7% in the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,860,905 shares of the company's stock after selling 52,342 shares during the period. Jacobs Levy Equity Management Inc. owned about 0.52% of Payoneer Global worth $13,603,000 as of its most recent SEC filing.

Other large investors have also made changes to their positions in the company. Farther Finance Advisors LLC bought a new stake in shares of Payoneer Global in the 1st quarter valued at $25,000. BI Asset Management Fondsmaeglerselskab A S acquired a new position in Payoneer Global in the 1st quarter worth $34,000. Versant Capital Management Inc boosted its stake in Payoneer Global by 420.6% in the 1st quarter. Versant Capital Management Inc now owns 5,034 shares of the company's stock worth $37,000 after purchasing an additional 4,067 shares during the period. IFP Advisors Inc boosted its stake in Payoneer Global by 47,800.0% in the 1st quarter. IFP Advisors Inc now owns 6,227 shares of the company's stock worth $46,000 after purchasing an additional 6,214 shares during the period. Finally, Mirae Asset Global Investments Co. Ltd. boosted its stake in Payoneer Global by 559.9% in the 1st quarter. Mirae Asset Global Investments Co. Ltd. now owns 8,480 shares of the company's stock worth $62,000 after purchasing an additional 7,195 shares during the period. Institutional investors own 82.22% of the company's stock.

Payoneer Global Stock Performance

NASDAQ:PAYO traded up $0.16 during mid-day trading on Thursday, hitting $6.63. The stock had a trading volume of 1,475,631 shares, compared to its average volume of 3,357,602. Payoneer Global Inc. has a twelve month low of $5.71 and a twelve month high of $11.29. The stock has a market cap of $2.39 billion, a price-to-earnings ratio of 25.52, a PEG ratio of 8.96 and a beta of 0.98. The company's 50 day simple moving average is $6.76 and its 200 day simple moving average is $6.96.

Payoneer Global (NASDAQ:PAYO - Get Free Report) last issued its earnings results on Wednesday, August 6th. 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 9.81% and a return on equity of 13.42%. The firm had revenue of $260.61 million during the quarter, compared to analyst estimates of $253.17 million. During the same quarter last year, the business posted $0.09 earnings per share. The company's revenue for the quarter was up 8.8% on a year-over-year basis. As a group, equities analysts forecast that Payoneer Global Inc. will post 0.34 earnings per share for the current year.

Wall Street Analyst Weigh In

PAYO has been the subject of a number of research analyst reports. Wall Street Zen lowered shares of Payoneer Global from a "hold" rating to a "sell" rating in a research note on Tuesday. Deutsche Bank Aktiengesellschaft started coverage on shares of Payoneer Global in a research note on Thursday, July 17th. They issued a "buy" rating and a $8.00 target price for the company. Jefferies Financial Group increased their price objective on shares of Payoneer Global from $8.00 to $8.50 and gave the stock a "buy" rating in a research note on Tuesday, May 27th. Needham & Company LLC increased their price objective on shares of Payoneer Global from $8.00 to $10.00 and gave the stock a "buy" rating in a research note on Wednesday, August 6th. Finally, Citigroup restated a "buy" rating and set a $10.00 price objective (down from $13.00) on shares of Payoneer Global in a research note on Thursday, May 22nd. Eight equities research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company. According to MarketBeat, the company has an average rating of "Moderate Buy" and a consensus price target of $10.06.

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.