Scott H. Galit Sells 352,165 Shares of Payoneer Global Inc. (NASDAQ:PAYO) Stock

Payoneer Global Inc. (NASDAQ:PAYO) Director Scott H. Galit sold 352,165 shares of the stock in a transaction dated Monday, July 1st. The shares were sold at an average price of $5.43, for a total value of $1,912,255.95. Following the completion of the transaction, the director now owns 2,122,421 shares in the company, valued at approximately $11,524,746.03. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink.

Payoneer Global Stock Performance

Shares of PAYO opened at $5.47 on Friday. The company’s 50 day simple moving average is $5.62 and its 200-day simple moving average is $5.15. Payoneer Global Inc. has a 12-month low of $4.22 and a 12-month high of $6.48. The firm has a market cap of $2.04 billion, a PE ratio of 18.23 and a beta of 0.82. The company has a current ratio of 1.09, a quick ratio of 1.09 and a debt-to-equity ratio of 0.02.

Payoneer Global (NASDAQ:PAYO) last issued its quarterly earnings data on Wednesday, May 8th. The company reported $0.08 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.05 by $0.03. Payoneer Global had a net margin of 13.19% and a return on equity of 17.56%. The company had revenue of $228.20 million for the quarter, compared to the consensus estimate of $211.63 million. During the same period last year, the firm posted $0.02 EPS. Payoneer Global’s revenue for the quarter was up 18.9% on a year-over-year basis. As a group, equities analysts predict that Payoneer Global Inc. will post 0.24 EPS for the current year.

Institutional Trading of Payoneer Global

Several institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Harel Insurance Investments & Financial Services Ltd. increased its holdings in shares of Payoneer Global by 27.8% in the first quarter. Harel Insurance Investments & Financial Services Ltd. now owns 9,541 shares of the company’s stock valued at $46,000 after purchasing an additional 2,074 shares during the period. Yousif Capital Management LLC increased its stake in Payoneer Global by 1.8% in the 4th quarter. Yousif Capital Management LLC now owns 129,060 shares of the company’s stock valued at $672,000 after buying an additional 2,320 shares during the period. Texas Permanent School Fund Corp increased its stake in Payoneer Global by 1.3% in the 1st quarter. Texas Permanent School Fund Corp now owns 227,988 shares of the company’s stock valued at $1,108,000 after buying an additional 2,958 shares during the period. Illinois Municipal Retirement Fund raised its position in Payoneer Global by 1.9% during the 1st quarter. Illinois Municipal Retirement Fund now owns 160,551 shares of the company’s stock worth $780,000 after buying an additional 3,028 shares during the last quarter. Finally, ProShare Advisors LLC boosted its holdings in shares of 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 in the last quarter. 82.22% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of brokerages recently issued reports on PAYO. Citigroup lowered their price target on Payoneer Global from $7.50 to $6.00 and set a “buy” rating for the company in a report on Thursday, March 21st. Benchmark reaffirmed a “buy” rating and issued a $9.00 target price on shares of Payoneer Global in a research report on Tuesday, May 14th. Finally, Needham & Company LLC boosted their price target on shares of Payoneer Global from $7.00 to $8.00 and gave the company a “buy” rating in a research report on Thursday, May 9th. Seven analysts have rated the stock with a buy rating, Based on data from MarketBeat, Payoneer Global currently has a consensus rating of “Buy” and a consensus price target of $7.00.

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.