Insider Selling: Payoneer Global Inc. (NASDAQ:PAYO) Director Sells 12,221 Shares of Stock

Payoneer Global Inc. (NASDAQ:PAYO) Director Scott H. Galit sold 12,221 shares of the business’s stock in a transaction dated Tuesday, May 7th. The stock was sold at an average price of $5.23, for a total value of $63,915.83. Following the transaction, the director now owns 2,451,171 shares of the company’s stock, valued at $12,819,624.33. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website.

Payoneer Global Stock Up 0.4 %

Payoneer Global stock traded up $0.02 during mid-day trading on Tuesday, reaching $5.22. The company’s stock had a trading volume of 2,060,047 shares, compared to its average volume of 2,508,153. The company has a debt-to-equity ratio of 0.03, a quick ratio of 1.09 and a current ratio of 1.09. Payoneer Global Inc. has a 12 month low of $4.02 and a 12 month high of $6.48. The business’s 50 day simple moving average is $4.80 and its 200 day simple moving average is $5.06. The company has a market capitalization of $1.92 billion, a price-to-earnings ratio of 21.75 and a beta of 0.77.

Payoneer Global (NASDAQ:PAYO) last announced its quarterly earnings data on Wednesday, February 28th. The company reported $0.05 earnings per share for the quarter, meeting the consensus estimate of $0.05. Payoneer Global had a return on equity of 14.80% and a net margin of 11.23%. The company had revenue of $224.32 million during the quarter, compared to analysts’ expectations of $223.65 million. As a group, research analysts anticipate that Payoneer Global Inc. will post 0.2 earnings per share for the current year.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the stock. Vanguard Group Inc. grew its stake in shares of Payoneer Global by 4.4% in the third quarter. Vanguard Group Inc. now owns 27,791,663 shares of the company’s stock valued at $170,085,000 after buying an additional 1,166,894 shares in the last quarter. Charles Schwab Investment Management Inc. increased its stake in shares of Payoneer Global by 23.9% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 2,075,139 shares of the company’s stock worth $12,700,000 after purchasing an additional 399,873 shares during the last quarter. Illinois Municipal Retirement Fund bought a new stake in shares of Payoneer Global in the 3rd quarter valued at about $723,000. Principal Financial Group Inc. raised its holdings in shares of Payoneer Global by 20.4% in the 3rd quarter. Principal Financial Group Inc. now owns 1,500,980 shares of the company’s stock valued at $9,186,000 after purchasing an additional 253,833 shares during the period. Finally, Capula Management Ltd acquired a new stake in Payoneer Global in the 3rd quarter valued at about $1,083,000. Institutional investors and hedge funds own 82.22% of the company’s stock.

Analysts Set New Price Targets

PAYO has been the subject of several recent analyst reports. Benchmark reaffirmed a “buy” rating and issued a $7.00 target price on shares of Payoneer Global in a research note on Tuesday, March 26th. Keefe, Bruyette & Woods dropped their price objective on Payoneer Global from $7.00 to $6.00 and set an “outperform” rating on the stock in a research note on Thursday, February 29th. The Goldman Sachs Group decreased their target price on Payoneer Global from $7.00 to $6.00 and set a “buy” rating for the company in a research note on Thursday, January 11th. Needham & Company LLC lowered their target price on Payoneer Global from $8.00 to $7.00 and set a “buy” rating for the company in a research note on Monday, April 1st. Finally, Citigroup lowered their price objective on shares of Payoneer Global from $7.50 to $6.00 and set a “buy” rating for the company in a research report on Thursday, March 21st. Seven analysts have rated the stock with a buy rating, According to MarketBeat.com, the company currently has an average rating of “Buy” and a consensus target price of $6.57.

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.