Payoneer Global Inc. (NASDAQ:PAYO) CAO Itai Perry Sells 3,900 Shares

Payoneer Global Inc. (NASDAQ:PAYO) CAO Itai Perry sold 3,900 shares of the stock in a transaction that occurred on Wednesday, October 9th. The stock was sold at an average price of $8.00, for a total transaction of $31,200.00. Following the sale, the chief accounting officer now owns 228,738 shares in the company, valued at approximately $1,829,904. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.

Payoneer Global Price Performance

Shares of NASDAQ:PAYO opened at $7.85 on Friday. Payoneer Global Inc. has a 12 month low of $4.22 and a 12 month high of $8.01. The firm has a market capitalization of $3.00 billion, a P/E ratio of 29.07 and a beta of 0.85. The company’s fifty day moving average price is $7.18 and its 200 day moving average price is $6.02.

Payoneer Global (NASDAQ:PAYO) last posted its earnings results on Wednesday, August 7th. The company reported $0.09 EPS for the quarter, topping analysts’ consensus estimates of $0.06 by $0.03. The business had revenue of $239.50 million for the quarter, compared to analysts’ expectations of $223.12 million. Payoneer Global had a return on equity of 15.28% and a net margin of 11.25%. The business’s revenue was up 15.9% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.12 earnings per share. On average, sell-side analysts anticipate that Payoneer Global Inc. will post 0.25 EPS for the current year.

Hedge Funds Weigh In On Payoneer Global

A number of hedge funds and other institutional investors have recently made changes to their positions in PAYO. Quarry LP purchased a new stake in shares of Payoneer Global during the second quarter worth approximately $29,000. GAMMA Investing LLC increased its stake in shares of Payoneer Global by 438.5% during 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 during the period. SageView Advisory Group LLC acquired a new position in shares of Payoneer Global during the first quarter worth about $39,000. Harel Insurance Investments & Financial Services Ltd. raised its holdings in Payoneer Global by 27.8% during the first quarter. Harel Insurance Investments & Financial Services Ltd. now owns 9,541 shares of the company’s stock worth $46,000 after purchasing an additional 2,074 shares in the last quarter. Finally, Sage Rhino Capital LLC acquired a new stake in Payoneer Global in the second quarter valued at about $56,000. Hedge funds and other institutional investors own 82.22% of the company’s stock.

Analysts Set New Price Targets

Several equities research analysts have weighed in on the company. Citigroup increased their price target on Payoneer Global from $7.00 to $8.50 and gave the company a “buy” rating in a research report on Monday, August 12th. Benchmark reaffirmed a “buy” rating and issued a $9.00 target price on shares of Payoneer Global in a report on Thursday, August 8th. The Goldman Sachs Group lifted their price target on shares of Payoneer Global from $6.50 to $8.00 and gave the stock a “buy” rating in a research note on Thursday, August 8th. Northland Securities raised their price objective on shares of Payoneer Global from $9.00 to $10.00 and gave the company an “outperform” rating in a report on Tuesday, September 10th. Finally, Cantor Fitzgerald raised Payoneer Global to a “strong-buy” rating in a report on Monday, August 12th. Six investment analysts have rated the stock with a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat, Payoneer Global currently has a consensus rating of “Buy” and a consensus price target of $8.64.

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.