Insider Selling: Payoneer Global Inc. (NASDAQ:PAYO) CFO Sells $884,000.00 in Stock

Payoneer Global Inc. (NASDAQ:PAYO) CFO Beatrice Ordonez sold 85,000 shares of the firm’s stock in a transaction dated Tuesday, January 21st. The shares were sold at an average price of $10.40, for a total value of $884,000.00. Following the sale, the chief financial officer now owns 2,305,245 shares in the company, valued at $23,974,548. This trade represents a 3.56 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.

Payoneer Global Stock Performance

NASDAQ:PAYO opened at $10.19 on Friday. Payoneer Global Inc. has a twelve month low of $4.22 and a twelve month high of $11.29. The company has a market cap of $3.63 billion, a P/E ratio of 29.12 and a beta of 0.92. The company’s 50-day moving average price is $10.40 and its 200-day moving average price is $8.45.

Payoneer Global (NASDAQ:PAYO) last issued its earnings results on Tuesday, November 5th. The company reported $0.11 earnings per share for the quarter, topping the consensus estimate of $0.04 by $0.07. Payoneer Global had a return on equity of 17.78% and a net margin of 13.82%. The business had revenue of $248.30 million for the quarter, compared to analysts’ expectations of $225.44 million. During the same period in the previous year, the firm posted $0.05 EPS. The business’s revenue for the quarter was up 19.4% compared to the same quarter last year. On average, analysts expect that Payoneer Global Inc. will post 0.35 earnings per share for the current year.

Analyst Ratings Changes

Several analysts have commented on PAYO shares. Benchmark raised their price objective on Payoneer Global from $10.00 to $12.00 and gave the company a “buy” rating in a report on Wednesday, November 6th. Keefe, Bruyette & Woods cut their price target on shares of Payoneer Global from $12.00 to $11.00 and set a “market perform” rating for the company in a report on Monday, January 6th. Northland Securities increased their price objective on shares of Payoneer Global from $13.00 to $14.00 and gave the company an “outperform” rating in a report on Friday, December 6th. Citigroup boosted their target price on shares of Payoneer Global from $8.50 to $13.00 and gave the stock a “buy” rating in a research note on Tuesday, January 14th. Finally, Wolfe Research downgraded shares of Payoneer Global from an “outperform” rating to a “peer perform” rating in a research report on Wednesday, January 8th. Two investment analysts have rated the stock with a hold rating, five have issued a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat, Payoneer Global currently has a consensus rating of “Moderate Buy” and an average price target of $11.86.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of PAYO. Robeco Institutional Asset Management B.V. acquired a new stake in Payoneer Global during the fourth quarter worth about $1,233,000. KBC Group NV increased its holdings in shares of Payoneer Global by 86.6% during the 4th quarter. KBC Group NV now owns 14,619 shares of the company’s stock worth $147,000 after buying an additional 6,784 shares during the last quarter. Fifth Third Bancorp raised its position in shares of Payoneer Global by 29.3% during the 4th quarter. Fifth Third Bancorp now owns 4,488 shares of the company’s stock valued at $45,000 after buying an additional 1,016 shares during the period. Nordea Investment Management AB lifted its holdings in Payoneer Global by 4.9% in the fourth quarter. Nordea Investment Management AB now owns 881,026 shares of the company’s stock valued at $8,951,000 after acquiring an additional 41,106 shares during the last quarter. Finally, GAMMA Investing LLC grew its position in Payoneer Global by 41.7% in the fourth quarter. GAMMA Investing LLC now owns 8,241 shares of the company’s stock worth $83,000 after acquiring an additional 2,425 shares during the period. 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.