Isthmus Partners LLC Takes Position in Payoneer Global Inc. $PAYO

Isthmus Partners LLC purchased a new stake in Payoneer Global Inc. (NASDAQ:PAYO) in the fourth quarter, HoldingsChannel reports. The fund purchased 291,471 shares of the company’s stock, valued at approximately $1,638,000.

Several other large investors also recently added to or reduced their stakes in PAYO. Bailard Inc. lifted its stake in shares of Payoneer Global by 4.0% in the 4th quarter. Bailard Inc. now owns 73,100 shares of the company’s stock valued at $411,000 after purchasing an additional 2,800 shares during the last quarter. Sequoia Financial Advisors LLC increased its position in shares of Payoneer Global by 8.1% during the 4th quarter. Sequoia Financial Advisors LLC now owns 31,677 shares of the company’s stock valued at $178,000 after purchasing an additional 2,368 shares during the last quarter. Mitsubishi UFJ Asset Management Co. Ltd. raised its holdings in Payoneer Global by 42.1% during the 4th quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 35,931 shares of the company’s stock valued at $195,000 after buying an additional 10,653 shares during the period. New York State Teachers Retirement System raised its holdings in Payoneer Global by 7.8% during the 4th quarter. New York State Teachers Retirement System now owns 195,981 shares of the company’s stock valued at $1,101,000 after buying an additional 14,200 shares during the period. Finally, PVG Asset Management Corp bought a new stake in Payoneer Global in the fourth quarter worth $90,000. 82.22% of the stock is owned by institutional investors.

Payoneer Global Stock Down 5.5%

PAYO stock opened at $4.60 on Friday. The business’s fifty day simple moving average is $4.87 and its two-hundred day simple moving average is $5.35. Payoneer Global Inc. has a twelve month low of $4.08 and a twelve month high of $7.66. The firm has a market cap of $1.59 billion, a price-to-earnings ratio of 23.00, a PEG ratio of 0.52 and a beta of 1.01.

Payoneer Global (NASDAQ:PAYO) last issued its earnings results on Thursday, May 7th. The company reported $0.06 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.04 by $0.02. The firm had revenue of $261.60 million during the quarter, compared to analyst estimates of $255.12 million. Payoneer Global had a net margin of 6.76% and a return on equity of 11.10%. The business’s revenue was up 6.1% on a year-over-year basis. During the same period in the previous year, the firm earned $0.05 earnings per share. Research analysts expect that Payoneer Global Inc. will post 0.27 EPS for the current year.

Analyst Upgrades and Downgrades

A number of research analysts have weighed in on the stock. Benchmark cut their price objective on shares of Payoneer Global from $10.00 to $7.00 and set a “buy” rating on the stock in a research report on Friday, March 6th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Payoneer Global in a research note on Thursday, January 22nd. Bank of America assumed coverage on shares of Payoneer Global in a report on Wednesday, March 25th. They set a “buy” rating and a $6.00 price target on the stock. Keefe, Bruyette & Woods reduced their price objective on shares of Payoneer Global from $7.50 to $7.00 and set an “outperform” rating on the stock in a research report on Friday, February 27th. Finally, Needham & Company LLC decreased their price objective on shares of Payoneer Global from $10.00 to $8.00 and set a “buy” rating for the company in a research note on Thursday, February 26th. Seven equities research analysts have rated the stock with a Buy rating and one has given a Hold rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $7.57.

Payoneer Global Company 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.