Jump Financial LLC Reduces Position in Payoneer Global Inc. (NASDAQ:PAYO)

Jump Financial LLC trimmed its holdings in shares of Payoneer Global Inc. (NASDAQ:PAYO - Free Report) by 45.4% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund 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 filing with the Securities and Exchange Commission (SEC).

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

Wall Street Analyst Weigh In

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

Payoneer Global Price Performance

PAYO stock traded up $0.36 during midday trading on Wednesday, hitting $6.65. 6,782,873 shares of the stock traded hands, compared to its average volume of 3,053,736. Payoneer Global Inc. has a 1-year low of $4.86 and a 1-year high of $11.29. The stock's fifty day simple moving average is $7.68 and its 200-day simple moving average is $9.16. The firm has a market cap of $2.39 billion, a P/E ratio of 19.00, a PEG ratio of 2.88 and a beta of 1.02.

Payoneer Global (NASDAQ:PAYO - Get Free Report) last posted its earnings results on Thursday, February 27th. The company reported $0.05 EPS for the quarter, missing analysts' consensus estimates of $0.06 by ($0.01). The business had revenue of $261.74 million for the quarter, compared to analyst estimates of $242.14 million. Payoneer Global had a net margin of 13.82% and a return on equity of 17.78%. During the same quarter last year, the business earned $0.05 earnings per share. On average, research analysts predict that Payoneer Global Inc. will post 0.34 earnings per share for the current year.

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.