Payoneer Global Inc. (NASDAQ:PAYO) Director Scott H. Galit Sells 150,000 Shares of Stock

Payoneer Global Inc. (NASDAQ:PAYO) Director Scott H. Galit sold 150,000 shares of the firm’s stock in a transaction that occurred on Wednesday, August 28th. The stock was sold at an average price of $7.07, for a total transaction of $1,060,500.00. Following the sale, the director now owns 1,809,674 shares of the company’s stock, valued at $12,794,395.18. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link.

Payoneer Global Stock Up 0.7 %

Payoneer Global stock traded up $0.05 during mid-day trading on Friday, hitting $7.44. The company’s stock had a trading volume of 14,785 shares, compared to its average volume of 2,677,979. The company has a debt-to-equity ratio of 0.02, a current ratio of 1.09 and a quick ratio of 1.09. Payoneer Global Inc. has a 52-week low of $4.22 and a 52-week high of $7.45. The firm’s 50 day moving average is $5.98 and its 200 day moving average is $5.48. The company has a market cap of $2.78 billion, a PE ratio of 24.63 and a beta of 0.82.

Payoneer Global (NASDAQ:PAYO) last posted its quarterly earnings results on Wednesday, August 7th. The company reported $0.09 EPS for the quarter, topping the consensus estimate of $0.06 by $0.03. The business had revenue of $239.50 million during the quarter, compared to analysts’ expectations of $223.12 million. Payoneer Global had a net margin of 13.19% and a return on equity of 17.56%. The firm’s quarterly revenue was up 15.9% compared to the same quarter last year. During the same period last year, the company posted $0.12 earnings per share. On average, analysts anticipate that Payoneer Global Inc. will post 0.23 earnings per share for the current year.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently commented on the company. Cantor Fitzgerald upgraded Payoneer Global to a “strong-buy” rating in a research report on Monday, August 12th. Needham & Company LLC increased their price target on Payoneer Global from $8.00 to $9.00 and gave the company a “buy” rating in a research report on Thursday, August 8th. Benchmark reissued a “buy” rating and issued a $9.00 price target on shares of Payoneer Global in a research note on Thursday, August 8th. The Goldman Sachs Group upped their price objective on shares of Payoneer Global from $6.50 to $8.00 and gave the company a “buy” rating in a research note on Thursday, August 8th. Finally, Citigroup lifted their target price on shares of Payoneer Global from $7.00 to $8.50 and gave the stock a “buy” rating in a research report on Monday, August 12th. Five equities research analysts have rated the stock with a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Buy” and a consensus price target of $8.25.

Institutional Investors Weigh In On Payoneer Global

Institutional investors have recently modified their holdings of the stock. Quarry LP acquired a new position in shares of Payoneer Global in the second quarter worth $29,000. Federated Hermes Inc. purchased a new position in Payoneer Global in the fourth quarter valued at about $29,000. SageView Advisory Group LLC acquired a new position in Payoneer Global in the 1st quarter worth about $39,000. Harel Insurance Investments & Financial Services Ltd. raised its stake in shares of Payoneer Global by 27.8% during the 1st 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 shares of Payoneer Global during the 2nd quarter valued at about $56,000. Institutional investors and hedge funds 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.