Payoneer Global Inc. $PAYO Stock Sold by Isthmus Partners LLC

Isthmus Partners LLC lowered its holdings in Payoneer Global Inc. (NASDAQ:PAYO) by 81.9% during the third quarter, HoldingsChannel reports. The fund owned 78,440 shares of the company’s stock after selling 355,262 shares during the period. Isthmus Partners LLC’s holdings in Payoneer Global were worth $560,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also made changes to their positions in the business. Axxcess Wealth Management LLC purchased a new stake in Payoneer Global during the third quarter worth approximately $280,000. Commonwealth Financial Services LLC boosted its holdings in Payoneer Global by 75.8% in the third quarter. Commonwealth Financial Services LLC now owns 26,803 shares of the company’s stock valued at $191,000 after purchasing an additional 11,559 shares in the last quarter. SteelPeak Wealth LLC purchased a new position in Payoneer Global in the third quarter valued at approximately $146,000. Cyndeo Wealth Partners LLC purchased a new position in Payoneer Global in the third quarter valued at approximately $217,000. Finally, Fortitude Family Office LLC increased its stake in Payoneer Global by 4,913.8% in the third quarter. Fortitude Family Office LLC now owns 19,955 shares of the company’s stock valued at $142,000 after purchasing an additional 19,557 shares during the last quarter. Institutional investors and hedge funds own 82.22% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research firms have weighed in on PAYO. Deutsche Bank Aktiengesellschaft cut shares of Payoneer Global from a “buy” rating to a “hold” rating in a report on Friday, August 7th. Weiss Ratings upgraded shares of Payoneer Global from a “hold (c-)” rating to a “hold (c)” rating in a report on Tuesday, September 1st. One equities research analyst has rated the stock with a Buy rating and eight have given a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus price target of $7.40.

Payoneer Global Stock Performance

Payoneer Global stock opened at $7.17 on Friday. Payoneer Global Inc. has a fifty-two week low of $4.08 and a fifty-two week high of $7.19. The company has a market capitalization of $2.43 billion, a P/E ratio of 51.22, a PEG ratio of 1.83 and a beta of 0.88. The stock has a 50-day simple moving average of $7.13 and a 200-day simple moving average of $6.45.

Payoneer Global (NASDAQ:PAYO) last announced its earnings results on Thursday, August 6th. The company reported ($0.01) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.06 by ($0.07). The firm had revenue of $274.26 million during the quarter, compared to analyst estimates of $270.98 million. Payoneer Global had a net margin of 4.65% and a return on equity of 9.97%. The firm’s revenue for the quarter was up 5.2% compared to the same quarter last year. During the same period last year, the company earned $0.05 earnings per share. As a group, analysts forecast that Payoneer Global Inc. will post 0.16 earnings per share for the current year.

Payoneer Global Profile

Payoneer Global Inc (NASDAQ: PAYO) operates a global financial technology platform that helps businesses, online marketplaces, freelancers and other professionals send, receive and manage payments across borders. Its services are designed to support companies that operate internationally, including small and medium-sized businesses and digital commerce participants.

The company provides multi-currency receiving accounts, cross-border payouts, supplier and contractor payments, currency conversion and other business payment tools.