Payoneer Global Inc. (NASDAQ:PAYO) CAO Sells $562,100.56 in Stock

Payoneer Global Inc. (NASDAQ:PAYO) CAO Itai Perry sold 52,829 shares of the business’s stock in a transaction dated Monday, November 18th. The shares were sold at an average price of $10.64, for a total value of $562,100.56. Following the completion of the sale, the chief accounting officer now directly owns 201,882 shares of the company’s stock, valued at approximately $2,148,024.48. This trade represents a 20.74 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website.

Itai Perry also recently made the following trade(s):

• On Tuesday, October 15th, Itai Perry sold 4,100 shares of Payoneer Global stock. The stock was sold at an average price of $8.00, for a total value of $32,800.00.
• On Wednesday, October 9th, Itai Perry sold 3,900 shares of Payoneer Global stock. The stock was sold at an average price of $8.00, for a total transaction of $31,200.00.

Payoneer Global Stock Down 0.6 %

Shares of Payoneer Global stock opened at $10.78 on Friday. The company has a market capitalization of $3.84 billion, a P/E ratio of 30.80 and a beta of 0.82. Payoneer Global Inc. has a 52-week low of $4.22 and a 52-week high of $10.96. The company has a 50 day moving average of $8.62 and a 200 day moving average of $6.93.

Payoneer Global (NASDAQ:PAYO) last announced its quarterly earnings data on Tuesday, November 5th. The company reported $0.11 EPS for the quarter, beating analysts’ consensus estimates of $0.04 by $0.07. Payoneer Global had a net margin of 13.82% and a return on equity of 17.78%. The firm had revenue of $248.30 million during the quarter, compared to the consensus estimate of $225.44 million. During the same quarter last year, the firm earned $0.05 earnings per share. The firm’s revenue was up 19.4% compared to the same quarter last year. As a group, research analysts anticipate that Payoneer Global Inc. will post 0.32 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Several analysts have recently issued reports on PAYO shares. The Goldman Sachs Group upped their target price on shares of Payoneer Global from $9.00 to $12.00 and gave the company a “buy” rating in a research report on Wednesday, November 6th. Cantor Fitzgerald upgraded Payoneer Global to a “strong-buy” rating in a report on Monday, August 12th. Keefe, Bruyette & Woods boosted their price objective on Payoneer Global from $9.00 to $12.00 and gave the company an “outperform” rating in a report on Wednesday, November 6th. Benchmark increased their target price on Payoneer Global from $10.00 to $12.00 and gave the stock a “buy” rating in a research note on Wednesday, November 6th. Finally, Citigroup boosted their target price on shares of Payoneer Global from $7.00 to $8.50 and gave the company a “buy” rating in a research note on Monday, August 12th. Six investment analysts have rated the stock with a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, the stock has an average rating of “Buy” and a consensus target price of $10.79.

Institutional Inflows and Outflows

Several hedge funds have recently bought and sold shares of PAYO. Quarry LP bought a new position in Payoneer Global during the 2nd quarter valued at $29,000. Blue Trust Inc. boosted its holdings in shares of Payoneer Global by 135.2% in the third quarter. Blue Trust Inc. now owns 4,440 shares of the company’s stock valued at $33,000 after acquiring an additional 2,552 shares in the last quarter. GAMMA Investing LLC raised its position in Payoneer Global by 438.5% in the third quarter. GAMMA Investing LLC now owns 5,816 shares of the company’s stock worth $44,000 after acquiring an additional 4,736 shares in the last quarter. Sage Rhino Capital LLC bought a new position in shares of Payoneer Global in the second quarter valued at $56,000. Finally, FSC Wealth Advisors LLC acquired a new stake in Payoneer Global during the 3rd quarter worth about $68,000. Hedge funds and other institutional investors own 82.22% of the company’s stock.

Payoneer Global Company Profile

Payoneer Global Inc operates as a financial technology company. It operates a payment infrastructure platform that provides customers with a one-stop, global, multi-currency account to serve their accounts receivable and accounts payable needs. The company delivers a suite of services that includes cross-border payments, physical and virtual MasterCard cards, working capital, risk management, and other services.