Payoneer Global Inc. (NASDAQ:PAYO) CFO Beatrice Ordonez Sells 85,000 Shares

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

Payoneer Global Price Performance

Shares of PAYO opened at $10.19 on Friday. Payoneer Global Inc. has a 12 month low of $4.22 and a 12 month high of $11.29. The stock’s 50-day moving average is $10.41 and its two-hundred day moving average is $8.39. The stock has a market cap of $3.63 billion, a PE ratio of 29.12 and a beta of 0.92.

Payoneer Global (NASDAQ:PAYO) last released its quarterly earnings results on Tuesday, November 5th. The company reported $0.11 EPS 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 firm had revenue of $248.30 million for the quarter, compared to analyst estimates of $225.44 million. During the same period in the previous year, the company posted $0.05 EPS. Payoneer Global’s revenue for the quarter was up 19.4% on a year-over-year basis. On average, research analysts anticipate that Payoneer Global Inc. will post 0.35 earnings per share for the current year.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the company. Blue Trust Inc. increased its stake in Payoneer Global by 135.2% during the 3rd quarter. Blue Trust Inc. now owns 4,440 shares of the company’s stock worth $33,000 after buying an additional 2,552 shares during the period. Fifth Third Bancorp grew its stake in shares of Payoneer Global by 29.3% during the fourth quarter. Fifth Third Bancorp now owns 4,488 shares of the company’s stock valued at $45,000 after acquiring an additional 1,016 shares in the last quarter. Quarry LP purchased a new stake in shares of Payoneer Global during the second quarter worth about $29,000. GAMMA Investing LLC lifted its stake in shares of 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. Finally, FSC Wealth Advisors LLC purchased a new position in Payoneer Global in the third quarter valued at about $68,000. 82.22% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several brokerages recently commented on PAYO. Citigroup upped their price target on shares of Payoneer Global from $8.50 to $13.00 and gave the stock a “buy” rating in a research report on Tuesday, January 14th. The Goldman Sachs Group increased their target price on Payoneer Global from $9.00 to $12.00 and gave the stock a “buy” rating in a research report on Wednesday, November 6th. Benchmark boosted their price target on Payoneer Global from $10.00 to $12.00 and gave the company a “buy” rating in a research report on Wednesday, November 6th. Northland Securities upped their price target on Payoneer Global from $13.00 to $14.00 and gave the stock an “outperform” rating in a research note on Friday, December 6th. Finally, Wolfe Research lowered Payoneer Global from an “outperform” rating to a “peer perform” rating in a research note on Wednesday, January 8th. Two investment analysts have rated the stock with a hold rating, five have assigned a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $11.86.

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.