Payoneer Global Inc. (NASDAQ:PAYO) Insider Sells $970,244.50 in Stock

Payoneer Global Inc. (NASDAQ:PAYO) insider Tsafi Goldman sold 96,350 shares of the company’s stock in a transaction that occurred on Thursday, January 2nd. The stock was sold at an average price of $10.07, for a total transaction of $970,244.50. Following the sale, the insider now directly owns 741,748 shares in the company, valued at approximately $7,469,402.36. The trade was a 11.50 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website.

Tsafi Goldman also recently made the following trade(s):

• On Tuesday, December 10th, Tsafi Goldman sold 263,873 shares of Payoneer Global stock. The stock was sold at an average price of $10.10, for a total transaction of $2,665,117.30.

Payoneer Global Stock Up 3.3 %

PAYO stock opened at $10.48 on Monday. Payoneer Global Inc. has a fifty-two week low of $4.22 and a fifty-two week high of $11.29. The stock has a market cap of $3.74 billion, a price-to-earnings ratio of 29.94 and a beta of 0.90. The business has a 50 day moving average price of $10.22 and a 200 day moving average price of $7.96.

Payoneer Global (NASDAQ:PAYO) last posted its quarterly earnings results on Tuesday, November 5th. The company reported $0.11 EPS for the quarter, beating the consensus estimate of $0.04 by $0.07. The business had revenue of $248.30 million during the quarter, compared to analysts’ expectations of $225.44 million. Payoneer Global had a return on equity of 17.78% and a net margin of 13.82%. The company’s quarterly revenue was up 19.4% compared to the same quarter last year. During the same period last year, the firm earned $0.05 EPS. As a group, sell-side analysts anticipate that Payoneer Global Inc. will post 0.35 EPS for the current year.

Wall Street Analyst Weigh In

PAYO has been the subject of a number of recent research reports. Northland Securities lifted their target price on Payoneer Global from $13.00 to $14.00 and gave the company an “outperform” rating in a report on Friday, December 6th. Needham & Company LLC lifted their price objective on Payoneer Global from $10.00 to $14.00 and gave the company a “buy” rating in a research note on Wednesday, November 6th. Benchmark upped their target price on shares of Payoneer Global from $10.00 to $12.00 and gave the stock a “buy” rating in a research note on Wednesday, November 6th. Keefe, Bruyette & Woods cut shares of Payoneer Global from an “outperform” rating to a “market perform” rating and set a $12.00 target price on the stock. in a report on Monday, December 9th. Finally, The Goldman Sachs Group boosted their price target on shares of Payoneer Global from $9.00 to $12.00 and gave the stock a “buy” rating in a report on Wednesday, November 6th. One investment analyst has rated the stock with a hold rating, five have issued a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, Payoneer Global presently has an average rating of “Buy” and a consensus price target of $11.36.

Institutional Trading of Payoneer Global

A number of institutional investors and hedge funds have recently bought and sold shares of PAYO. AXA S.A. boosted its position in Payoneer Global by 1,394.5% during the 2nd quarter. AXA S.A. now owns 14,176,485 shares of the company’s stock worth $78,538,000 after purchasing an additional 13,227,884 shares during the period. Azora Capital LP purchased a new stake in shares of Payoneer Global in the third quarter worth about $31,901,000. Legion Partners Asset Management LLC acquired a new stake in shares of Payoneer Global in the second quarter valued at about $12,360,000. American Century Companies Inc. raised its holdings in shares of Payoneer Global by 241.5% during the 2nd quarter. American Century Companies Inc. now owns 1,643,744 shares of the company’s stock valued at $9,106,000 after buying an additional 1,162,481 shares during the period. Finally, Millennium Management LLC lifted its position in Payoneer Global by 17.3% during the 2nd quarter. Millennium Management LLC now owns 6,764,016 shares of the company’s stock worth $37,473,000 after acquiring an additional 995,366 shares in 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.