Payoneer Global Inc. (NASDAQ:PAYO) Director Susanna Morgan Sells 16,180 Shares

Payoneer Global Inc. (NASDAQ:PAYO) Director Susanna Morgan sold 16,180 shares of the company’s stock in a transaction that occurred on Monday, June 2nd. The shares were sold at an average price of $6.77, for a total transaction of $109,538.60. Following the completion of the sale, the director now owns 80,902 shares of the company’s stock, valued at approximately $547,706.54. This trade represents a 16.67% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this link.

Payoneer Global Stock Performance

Shares of NASDAQ PAYO opened at $6.77 on Thursday. The business has a 50 day simple moving average of $6.76 and a 200 day simple moving average of $8.74. Payoneer Global Inc. has a 52 week low of $5.03 and a 52 week high of $11.29. The stock has a market cap of $2.45 billion, a price-to-earnings ratio of 19.34, a PEG ratio of 2.88 and a beta of 0.99.

Payoneer Global (NASDAQ:PAYO) last announced its quarterly earnings results on Wednesday, May 7th. The company reported $0.05 EPS for the quarter, missing the consensus estimate of $0.07 by ($0.02). The business had revenue of $246.62 million for the quarter, compared to analyst estimates of $244.52 million. Payoneer Global had a return on equity of 17.78% and a net margin of 13.82%. The business’s revenue for the quarter was up 8.1% compared to the same quarter last year. During the same quarter last year, the company earned $0.08 EPS. On average, analysts predict that Payoneer Global Inc. will post 0.34 EPS for the current year.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in PAYO. Vanguard Group Inc. boosted its position in Payoneer Global by 12.1% during the first quarter. Vanguard Group Inc. now owns 33,881,608 shares of the company’s stock worth $247,675,000 after purchasing an additional 3,656,056 shares during the period. Susquehanna Capital Management LLC lifted its stake in shares of Payoneer Global by 290.3% in the fourth quarter. Susquehanna Capital Management LLC now owns 25,268,954 shares of the company’s stock worth $253,700,000 after buying an additional 18,794,047 shares during the last quarter. American Century Companies Inc. lifted its stake in shares of Payoneer Global by 15.1% in the first quarter. American Century Companies Inc. now owns 9,403,250 shares of the company’s stock worth $68,738,000 after buying an additional 1,236,598 shares during the last quarter. Price T Rowe Associates Inc. MD boosted its holdings in shares of Payoneer Global by 3.0% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 8,970,295 shares of the company’s stock worth $65,574,000 after buying an additional 260,306 shares during the period. Finally, Millennium Management LLC boosted its holdings in shares of Payoneer Global by 15.5% during the 1st quarter. Millennium Management LLC now owns 7,537,691 shares of the company’s stock worth $55,101,000 after buying an additional 1,014,096 shares during the period. 82.22% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Several brokerages have issued reports on PAYO. Keefe, Bruyette & Woods raised shares of Payoneer Global from a “market perform” rating to an “outperform” rating and boosted their target price for the company from $7.00 to $9.00 in a research note on Tuesday, May 13th. Needham & Company LLC dropped their price target on Payoneer Global from $14.00 to $8.00 and set a “buy” rating on the stock in a research report on Thursday, May 8th. Jefferies Financial Group raised their price objective on Payoneer Global from $8.00 to $8.50 and gave the stock a “buy” rating in a research report on Tuesday, May 27th. The Goldman Sachs Group lowered their target price on Payoneer Global from $11.00 to $9.00 and set a “buy” rating on the stock in a research note on Wednesday, April 2nd. Finally, Citigroup reissued a “buy” rating and issued a $10.00 price target (down from $13.00) on shares of Payoneer Global in a research report on Thursday, May 22nd. One investment analyst has rated the stock with a hold rating, eight have issued a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Buy” and an average price target of $10.44.

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.