Payoneer Global Inc. (NASDAQ:PAYO) Insider Sells $77,400,000.00 in Stock

Payoneer Global Inc. (NASDAQ:PAYO) insider Crossover Managemen Technology sold 7,500,000 shares of the business’s stock in a transaction dated Monday, November 11th. The stock was sold at an average price of $10.32, for a total transaction of $77,400,000.00. Following the transaction, the insider now owns 34,197,116 shares in the company, valued at approximately $352,914,237.12. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink.

Payoneer Global Stock Performance

Shares of NASDAQ:PAYO opened at $10.32 on Thursday. The company has a market capitalization of $3.94 billion, a PE ratio of 29.49 and a beta of 0.82. The company’s fifty day moving average is $8.21 and its 200-day moving average is $6.71. Payoneer Global Inc. has a 52 week low of $4.22 and a 52 week high of $10.90.

Payoneer Global (NASDAQ:PAYO) last announced its 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 business had revenue of $248.30 million for the quarter, compared to the consensus estimate of $225.44 million. During the same period in the previous year, the business earned $0.05 EPS. Payoneer Global’s revenue was up 19.4% compared to the same quarter last year. On average, analysts forecast that Payoneer Global Inc. will post 0.32 EPS for the current year.

Analyst Ratings Changes

A number of research firms recently weighed in on PAYO. Citigroup lifted their target price on Payoneer Global from $7.00 to $8.50 and gave the stock a “buy” rating in a research report on Monday, August 12th. Needham & Company LLC lifted their price objective on Payoneer Global from $10.00 to $14.00 and gave the stock a “buy” rating in a report on Wednesday, November 6th. The Goldman Sachs Group upped their target price on Payoneer Global from $9.00 to $12.00 and gave the company a “buy” rating in a research note on Wednesday, November 6th. Keefe, Bruyette & Woods lifted their price target on shares of Payoneer Global from $9.00 to $12.00 and gave the stock an “outperform” rating in a research note on Wednesday, November 6th. Finally, Benchmark increased their price objective on shares of Payoneer Global from $10.00 to $12.00 and gave the company a “buy” rating in a research note on Wednesday, November 6th. Six analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Buy” and an average target price of $10.79.

Institutional Investors Weigh In On Payoneer Global

Several hedge funds and other institutional investors have recently added to or reduced their stakes in PAYO. Natixis acquired a new stake in shares of Payoneer Global in the first quarter valued at approximately $3,106,000. Tidal Investments LLC acquired a new stake in shares of Payoneer Global in the 1st quarter valued at $986,000. Janus Henderson Group PLC raised its position in shares of Payoneer Global by 131.6% during the first quarter. Janus Henderson Group PLC now owns 358,940 shares of the company’s stock worth $1,744,000 after acquiring an additional 203,943 shares during the last quarter. Victory Capital Management Inc. lifted its stake in shares of Payoneer Global by 17.1% during the second quarter. Victory Capital Management Inc. now owns 4,417,785 shares of the company’s stock valued at $24,475,000 after acquiring an additional 645,887 shares during the period. Finally, ProShare Advisors LLC boosted its holdings in Payoneer Global by 7.5% in the first quarter. ProShare Advisors LLC now owns 53,333 shares of the company’s stock valued at $259,000 after acquiring an additional 3,730 shares during the last quarter. 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.