Isthmus Partners LLC acquired a new position in Payoneer Global Inc. (NASDAQ:PAYO – Free Report) in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor acquired 291,471 shares of the company’s stock, valued at approximately $1,638,000. Isthmus Partners LLC owned approximately 0.08% of Payoneer Global at the end of the most recent reporting period.
Several other institutional investors and hedge funds have also recently modified their holdings of the company. Nisa Investment Advisors LLC boosted its holdings in Payoneer Global by 4.1% in the 3rd quarter. Nisa Investment Advisors LLC now owns 49,815 shares of the company’s stock worth $301,000 after buying an additional 1,949 shares during the period. Susquehanna International Group LLP raised its holdings in Payoneer Global by 9.5% during the third quarter. Susquehanna International Group LLP now owns 24,637 shares of the company’s stock valued at $149,000 after acquiring an additional 2,144 shares during the period. Teacher Retirement System of Texas lifted its position in shares of Payoneer Global by 1.3% in the third quarter. Teacher Retirement System of Texas now owns 169,396 shares of the company’s stock valued at $1,025,000 after acquiring an additional 2,240 shares in the last quarter. Sequoia Financial Advisors LLC lifted its position in shares of Payoneer Global by 8.1% in the fourth quarter. Sequoia Financial Advisors LLC now owns 31,677 shares of the company’s stock valued at $178,000 after acquiring an additional 2,368 shares in the last quarter. Finally, Bailard Inc. boosted its stake in shares of Payoneer Global by 4.0% in the fourth quarter. Bailard Inc. now owns 73,100 shares of the company’s stock worth $411,000 after acquiring an additional 2,800 shares during the period. 82.22% of the stock is currently owned by institutional investors.
Analyst Upgrades and Downgrades
Several analysts recently issued reports on PAYO shares. Weiss Ratings reissued a “hold (c)” rating on shares of Payoneer Global in a research note on Thursday, January 22nd. Wall Street Zen upgraded Payoneer Global from a “sell” rating to a “hold” rating in a research note on Saturday, May 2nd. Bank of America started coverage on shares of Payoneer Global in a research report on Wednesday, March 25th. They set a “buy” rating and a $6.00 price objective on the stock. Benchmark lowered their target price on shares of Payoneer Global from $10.00 to $7.00 and set a “buy” rating on the stock in a report on Friday, March 6th. Finally, Keefe, Bruyette & Woods dropped their target price on shares of Payoneer Global from $7.50 to $7.00 and set an “outperform” rating for the company in a research report on Friday, February 27th. Seven equities research 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 company currently has an average rating of “Moderate Buy” and an average target price of $7.57.
Payoneer Global Trading Down 5.5%
Shares of Payoneer Global stock opened at $4.60 on Friday. The firm has a market cap of $1.59 billion, a PE ratio of 23.00, a PEG ratio of 0.52 and a beta of 1.01. The stock has a 50 day moving average of $4.87 and a 200 day moving average of $5.35. Payoneer Global Inc. has a 12 month low of $4.08 and a 12 month high of $7.66.
Payoneer Global (NASDAQ:PAYO – Get Free Report) last released its quarterly earnings data on Thursday, May 7th. The company reported $0.06 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.04 by $0.02. The business had revenue of $261.60 million for the quarter, compared to the consensus estimate of $255.12 million. Payoneer Global had a return on equity of 11.10% and a net margin of 6.76%.The company’s revenue was up 6.1% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.05 EPS. As a group, equities research analysts forecast that Payoneer Global Inc. will post 0.27 earnings per share for the current fiscal year.
Payoneer Global Profile
Payoneer Global (NASDAQ: PAYO) operates a digital payments platform that enables businesses, marketplaces and professionals to send and receive cross-border payments. The company’s core offerings include multi-currency receiving accounts, mass payout services and working capital solutions. Through its platform, Payoneer facilitates global transactions by connecting payors and payees across a network of local bank transfers, card payouts and digital wallets, supporting the seamless movement of funds in over 150 currencies.
Founded in 2005, Payoneer has grown from a small fintech venture into a widely adopted payments infrastructure provider that serves clients in more than 200 countries and territories.
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