Tikvah Management LLC Has $12.37 Million Holdings in Payoneer Global Inc. $PAYO

Key Points

• Tikvah Management LLC increased its stake in Payoneer Global Inc. by 31.0% during the 1st quarter, owning approximately $12.37 million worth of shares, making it the firm's 8th largest position.
• Payoneer Global reported $260.61 million in revenue for the quarter, surpassing analysts' expectations, though its earnings per share missed estimates at $0.05.
• Several institutional investors have recently shifted positions in Payoneer, with a collective ownership of 82.22% of the company's stock.

Tikvah Management LLC increased its holdings in shares of Payoneer Global Inc. (NASDAQ:PAYO - Free Report) by 31.0% during the 1st quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 1,692,133 shares of the company's stock after acquiring an additional 400,000 shares during the period. Payoneer Global comprises about 4.3% of Tikvah Management LLC's investment portfolio, making the stock its 8th biggest position. Tikvah Management LLC owned 0.47% of Payoneer Global worth $12,369,000 at the end of the most recent quarter.

Several other institutional investors have also made changes to their positions in PAYO. Susquehanna Capital Management LLC boosted its position in shares of Payoneer Global by 290.3% during the 4th quarter. Susquehanna Capital Management LLC now owns 25,268,954 shares of the company's stock valued at $253,700,000 after acquiring an additional 18,794,047 shares in the last quarter. Nuveen LLC acquired a new stake in shares of Payoneer Global during the 1st quarter valued at about $28,023,000. Vanguard Group Inc. boosted its position in Payoneer Global by 12.1% in the first quarter. Vanguard Group Inc. now owns 33,881,608 shares of the company's stock valued at $247,675,000 after buying an additional 3,656,056 shares in the last quarter. Deutsche Bank AG boosted its position in Payoneer Global by 252.8% in the fourth quarter. Deutsche Bank AG now owns 2,779,110 shares of the company's stock valued at $27,902,000 after buying an additional 1,991,449 shares in the last quarter. Finally, Driehaus Capital Management LLC acquired a new position in Payoneer Global in the fourth quarter valued at about $19,305,000. 82.22% of the stock is currently owned by institutional investors and hedge funds.

Payoneer Global Stock Performance

Shares of NASDAQ PAYO traded up $0.36 during trading on Friday, reaching $7.01. The company had a trading volume of 4,165,299 shares, compared to its average volume of 3,835,760. Payoneer Global Inc. has a 52 week low of $5.71 and a 52 week high of $11.29. The stock has a market cap of $2.53 billion, a PE ratio of 26.96, a PEG ratio of 8.75 and a beta of 0.97. The business's 50 day moving average price is $6.75 and its 200-day moving average price is $7.30.

Payoneer Global (NASDAQ:PAYO - Get Free Report) last announced its earnings results on Wednesday, August 6th. The company reported $0.05 earnings per share for the quarter, missing analysts' consensus estimates of $0.06 by ($0.01). Payoneer Global had a return on equity of 13.42% and a net margin of 9.81%.The company had revenue of $260.61 million during the quarter, compared to the consensus estimate of $253.17 million. During the same period in the prior year, the firm posted $0.09 earnings per share. The company's revenue was up 8.8% on a year-over-year basis. Equities analysts anticipate that Payoneer Global Inc. will post 0.34 earnings per share for the current year.

Analysts Set New Price Targets

PAYO has been the topic of a number of recent analyst reports. Jefferies Financial Group boosted their price target on shares of Payoneer Global from $8.00 to $8.50 and gave the company a "buy" rating in a research report on Tuesday, May 27th. Citigroup restated a "buy" rating and issued a $10.00 price target (down from $13.00) on shares of Payoneer Global in a research report on Thursday, May 22nd. Needham & Company LLC boosted their price target on shares of Payoneer Global from $8.00 to $10.00 and gave the company a "buy" rating in a research report on Wednesday, August 6th. Deutsche Bank Aktiengesellschaft initiated coverage on shares of Payoneer Global in a research report on Thursday, July 17th. They issued a "buy" rating and a $8.00 price target on the stock. Finally, Wall Street Zen upgraded shares of Payoneer Global from a "sell" rating to a "hold" rating in a research report on Saturday, August 16th. Eight investment analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company's stock. According to data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $10.06.

Insider Buying and Selling at Payoneer Global

In related news, Director Susanna Morgan sold 16,180 shares of the business's stock in a transaction that occurred on Monday, June 2nd. The shares were sold at an average price of $6.77, for a total transaction of $109,538.60. Following the completion of the sale, the director directly owned 80,902 shares of the company's stock, valued at $547,706.54. The trade was a 16.67% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this link. Corporate insiders own 2.58% of the company's stock.

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.