Isthmus Partners LLC raised its position in Payoneer Global Inc. (NASDAQ:PAYO – Free Report) by 87.0% during the first quarter, Holdings Channel.com reports. The firm owned 545,096 shares of the company’s stock after buying an additional 253,625 shares during the period. Isthmus Partners LLC’s holdings in Payoneer Global were worth $2,633,000 at the end of the most recent quarter.
Several other hedge funds also recently modified their holdings of the company. Leonteq Securities AG grew its holdings in shares of Payoneer Global by 72.0% during the first quarter. Leonteq Securities AG now owns 6,496 shares of the company’s stock worth $31,000 after buying an additional 2,720 shares in the last quarter. Osaic Holdings Inc. lifted its stake in shares of Payoneer Global by 246.5% during the second quarter. Osaic Holdings Inc. now owns 4,636 shares of the company’s stock valued at $33,000 after buying an additional 3,298 shares during the period. Resonant Capital Advisors LLC purchased a new position in shares of Payoneer Global during the first quarter valued at approximately $49,000. CWM LLC boosted its position in Payoneer Global by 178.6% during the fourth quarter. CWM LLC now owns 9,384 shares of the company’s stock worth $53,000 after acquiring an additional 6,016 shares during the last quarter. Finally, Vident Advisory LLC acquired a new stake in Payoneer Global during the fourth quarter worth approximately $58,000. 82.22% of the stock is owned by institutional investors and hedge funds.
Wall Street Analyst Weigh In
Several research analysts have weighed in on the company. Deutsche Bank Aktiengesellschaft reiterated a “buy” rating and issued a $7.40 price target on shares of Payoneer Global in a report on Tuesday, June 16th. Needham & Company LLC cut Payoneer Global from a “buy” rating to a “hold” rating in a report on Monday, June 15th. William Blair downgraded Payoneer Global from an “outperform” rating to a “hold” rating in a research report on Monday, June 15th. Citigroup lowered Payoneer Global from a “buy” rating to a “neutral” rating and dropped their target price for the company from $10.00 to $7.40 in a research note on Tuesday, June 16th. Finally, Wall Street Zen upgraded Payoneer Global from a “sell” rating to a “hold” rating in a research report on Saturday, May 2nd. Two investment analysts have rated the stock with a Buy rating and seven have given a Hold rating to the stock. According to data from MarketBeat, the stock has an average rating of “Hold” and an average target price of $7.40.
Payoneer Global Stock Performance
Shares of PAYO stock opened at $7.09 on Thursday. The firm has a market capitalization of $2.37 billion, a price-to-earnings ratio of 35.45, a price-to-earnings-growth ratio of 0.76 and a beta of 0.95. Payoneer Global Inc. has a one year low of $4.08 and a one year high of $7.66. The company has a 50 day moving average price of $5.89 and a 200 day moving average price of $5.48.
Payoneer Global (NASDAQ:PAYO – Get Free Report) last announced its quarterly earnings results on Thursday, May 7th. The company reported $0.06 earnings per share for the quarter, beating analysts’ consensus estimates of $0.04 by $0.02. Payoneer Global had a net margin of 6.76% and a return on equity of 11.10%. The company had revenue of $261.60 million for the quarter, compared to analyst estimates of $255.12 million. During the same quarter last year, the business earned $0.05 EPS. Payoneer Global’s revenue for the quarter was up 6.1% on a year-over-year basis. As a group, equities analysts forecast that Payoneer Global Inc. will post 0.27 EPS for the current fiscal year.
Insider Buying and Selling at Payoneer Global
In related news, CFO Beatrice Ordonez sold 25,000 shares of the stock in a transaction on Monday, June 15th. The stock was sold at an average price of $7.01, for a total value of $175,250.00. Following the transaction, the chief financial officer directly owned 2,887,266 shares of the company’s stock, valued at approximately $20,239,734.66. This trade represents a 0.86% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Company insiders own 2.06% of the company’s stock.
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.
Featured Articles
- Five stocks we like better than Payoneer Global
- A Market Panic Just Discounted the AI Highway’s Tollbooth
- Why Exxon Could Be the Market’s Next Big Comeback Stock
- The Market Just Got Shaken—These 3 ETFs May Come Out Stronger
- Meta Platforms’ Cloud Push: Growth Opportunity Versus AI Concerns
Want to see what other hedge funds are holding PAYO? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Payoneer Global Inc. (NASDAQ:PAYO – Free Report).
Receive News & Ratings for Payoneer Global Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Payoneer Global and related companies with MarketBeat.com's FREE daily email newsletter.
