Isthmus Partners LLC Sells 355,262 Shares of Payoneer Global Inc. $PAYO

Isthmus Partners LLC trimmed its stake in shares of Payoneer Global Inc. (NASDAQ:PAYO) by 81.9% in the 3rd quarter, according to its most recent disclosure with the SEC. The institutional investor 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 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently bought and sold shares of the stock. Leonteq Securities AG lifted its stake in Payoneer Global by 72.0% in the 1st quarter. Leonteq Securities AG now owns 6,496 shares of the company’s stock worth $31,000 after purchasing an additional 2,720 shares in the last quarter. Nykredit A S bought a new position in shares of Payoneer Global during the 2nd quarter valued at about $39,000. GAMMA Investing LLC boosted its holdings in shares of Payoneer Global by 73.8% during the 2nd quarter. GAMMA Investing LLC now owns 5,777 shares of the company’s stock valued at $41,000 after purchasing an additional 2,453 shares during the last quarter. Resonant Capital Advisors LLC purchased a new position in shares of Payoneer Global during the first quarter valued at about $49,000. Finally, State of Wyoming purchased a new position in shares of Payoneer Global during the first quarter valued at about $57,000. 82.22% of the stock is currently owned by institutional investors.

Payoneer Global Stock Performance

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

Payoneer Global (NASDAQ:PAYO) last released its quarterly 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). Payoneer Global had a net margin of 4.65% and a return on equity of 9.97%. The business had revenue of $274.26 million for the quarter, compared to analysts’ expectations of $270.98 million. During the same period in the previous year, the company earned $0.05 EPS. Payoneer Global’s revenue for the quarter was up 5.2% compared to the same quarter last year. As a group, research analysts forecast that Payoneer Global Inc. will post 0.16 earnings per share for the current year.

Analyst Ratings Changes

Several equities research analysts have recently issued reports on PAYO shares. Deutsche Bank Aktiengesellschaft cut Payoneer Global from a “buy” rating to a “hold” rating in a report on Friday, August 7th. Weiss Ratings raised Payoneer Global from a “hold (c-)” rating to a “hold (c)” rating in a research note on Tuesday, September 1st. One investment analyst has rated the stock with a Buy rating and eight have issued a Hold rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and an average price target of $7.40.

About Payoneer Global

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.