Payoneer Global Inc. (NASDAQ:PAYO) CAO Sells $17,051.32 in Stock

Payoneer Global Inc. (NASDAQ:PAYO) CAO Itai Perry sold 1,573 shares of the firm’s stock in a transaction that occurred on Tuesday, November 26th. The stock was sold at an average price of $10.84, for a total transaction of $17,051.32. Following the completion of the transaction, the chief accounting officer now directly owns 199,069 shares of the company’s stock, valued at approximately $2,157,907.96. This trade represents a 0.78 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website.

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

• On Monday, November 18th, Itai Perry sold 52,829 shares of Payoneer Global stock. The stock was sold at an average price of $10.64, for a total value of $562,100.56.
• On Tuesday, October 15th, Itai Perry sold 4,100 shares of Payoneer Global stock. The shares were 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 Trading Up 1.0 %

Shares of NASDAQ:PAYO traded up $0.11 during trading on Tuesday, reaching $11.05. 4,853,992 shares of the company traded hands, compared to its average volume of 2,766,994. Payoneer Global Inc. has a 52-week low of $4.22 and a 52-week high of $11.29. The business’s fifty day moving average is $8.76 and its 200-day moving average is $7.03. The firm has a market capitalization of $3.94 billion, a price-to-earnings ratio of 31.57 and a beta of 0.82.

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

Wall Street Analysts Forecast Growth

A number of research analysts have recently commented on the stock. Keefe, Bruyette & Woods boosted their price target on shares of Payoneer Global from $9.00 to $12.00 and gave the company an “outperform” rating in a research report on Wednesday, November 6th. Citigroup upped their target price on Payoneer Global from $7.00 to $8.50 and gave the stock a “buy” rating in a research note on Monday, August 12th. Benchmark boosted their price objective on Payoneer Global from $10.00 to $12.00 and gave the stock a “buy” rating in a report on Wednesday, November 6th. Needham & Company LLC raised their price objective on shares of Payoneer Global from $10.00 to $14.00 and gave the company a “buy” rating in a research report on Wednesday, November 6th. Finally, The Goldman Sachs Group increased their target price on Payoneer Global from $9.00 to $12.00 and gave the company a “buy” rating in a research note on Wednesday, November 6th. Six analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, Payoneer Global currently has a consensus rating of “Buy” and a consensus price target of $10.79.

Institutional Trading of Payoneer Global

Several large investors have recently added to or reduced their stakes in PAYO. Janus Henderson Group PLC boosted its stake in shares of Payoneer Global by 131.6% during the 1st quarter. Janus Henderson Group PLC now owns 358,940 shares of the company’s stock valued at $1,744,000 after purchasing an additional 203,943 shares in the last quarter. Tidal Investments LLC purchased a new stake in Payoneer Global in the first quarter worth about $986,000. Victory Capital Management Inc. boosted its position in Payoneer Global by 17.1% during the 2nd quarter. Victory Capital Management Inc. now owns 4,417,785 shares of the company’s stock valued at $24,475,000 after acquiring an additional 645,887 shares in the last quarter. Wedge Capital Management L L P NC purchased a new position in shares of Payoneer Global during the 3rd quarter worth approximately $1,509,000. Finally, Price T Rowe Associates Inc. MD raised its position in shares of Payoneer Global by 3.9% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 4,790,400 shares of the company’s stock worth $23,283,000 after acquiring an additional 178,842 shares in the last quarter. 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.