Insider Selling: Payoneer Global Inc. (NASDAQ:PAYO) CAO Sells 1,573 Shares of Stock

Payoneer Global Inc. (NASDAQ:PAYO) CAO Itai Perry sold 1,573 shares of the stock in a transaction dated Tuesday, November 26th. The stock was sold at an average price of $10.84, for a total transaction of $17,051.32. Following the transaction, the chief accounting officer now directly owns 199,069 shares of the company’s stock, valued at $2,157,907.96. This represents a 0.78 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

Itai Perry also recently made the following trade(s):

• On Monday, November 18th, Itai Perry sold 52,829 shares of Payoneer Global stock. The stock was sold at an average price of $10.64, for a total transaction of $562,100.56.
• On Tuesday, October 15th, Itai Perry sold 4,100 shares of Payoneer Global stock. The shares were sold at an average price of $8.00, for a total transaction of $32,800.00.
• On Wednesday, October 9th, Itai Perry sold 3,900 shares of Payoneer Global stock. The shares were sold at an average price of $8.00, for a total transaction of $31,200.00.

Payoneer Global Stock Performance

Shares of NASDAQ PAYO opened at $11.05 on Wednesday. Payoneer Global Inc. has a 1 year low of $4.22 and a 1 year high of $11.29. The firm’s 50 day moving average price is $8.76 and its 200 day moving average price is $7.03. The firm has a market cap of $3.94 billion, a P/E ratio of 31.57 and a beta of 0.82.

Payoneer Global (NASDAQ:PAYO) last announced its quarterly earnings results on Tuesday, November 5th. The company reported $0.11 earnings per share for the quarter, beating analysts’ consensus estimates of $0.04 by $0.07. The company had revenue of $248.30 million for the quarter, compared to analyst estimates of $225.44 million. Payoneer Global had a net margin of 13.82% and a return on equity of 17.78%. Payoneer Global’s revenue for the quarter was up 19.4% on a year-over-year basis. During the same quarter last year, the business earned $0.05 EPS. As a group, equities analysts predict that Payoneer Global Inc. will post 0.32 EPS for the current year.

Hedge Funds Weigh In On Payoneer Global

Hedge funds have recently made changes to their positions in the stock. Janus Henderson Group PLC boosted its holdings in shares of Payoneer Global by 131.6% in the 1st quarter. Janus Henderson Group PLC now owns 358,940 shares of the company’s stock valued at $1,744,000 after purchasing an additional 203,943 shares during the last quarter. Tidal Investments LLC acquired a new position in shares of Payoneer Global in the 1st quarter valued at $986,000. Victory Capital Management Inc. boosted its holdings in shares of Payoneer Global by 17.1% in the 2nd quarter. Victory Capital Management Inc. now owns 4,417,785 shares of the company’s stock valued at $24,475,000 after purchasing an additional 645,887 shares during the last quarter. Wedge Capital Management L L P NC acquired a new position in shares of Payoneer Global in the 3rd quarter valued at $1,509,000. Finally, Price T Rowe Associates Inc. MD raised its stake in shares of Payoneer Global by 3.9% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 4,790,400 shares of the company’s stock valued at $23,283,000 after acquiring an additional 178,842 shares during the period. Institutional investors and hedge funds own 82.22% of the company’s stock.

Analysts Set New Price Targets

PAYO has been the subject of a number of research analyst reports. Benchmark increased their target price on shares of Payoneer Global from $10.00 to $12.00 and gave the company a “buy” rating in a report on Wednesday, November 6th. Citigroup raised their price objective on shares of Payoneer Global from $7.00 to $8.50 and gave the stock a “buy” rating in a research note on Monday, August 12th. Needham & Company LLC raised their price objective on shares of Payoneer Global from $10.00 to $14.00 and gave the stock a “buy” rating in a research note on Wednesday, November 6th. The Goldman Sachs Group raised their price objective on shares of Payoneer Global from $9.00 to $12.00 and gave the stock a “buy” rating in a research note on Wednesday, November 6th. Finally, Northland Securities raised their target price on shares of Payoneer Global from $9.00 to $10.00 and gave the stock an “outperform” rating in a research report on Tuesday, September 10th. Six equities research analysts have rated the stock with a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, Payoneer Global has a consensus rating of “Buy” and an average price target of $10.79.

About Payoneer Global

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.