Payoneer Global Inc. (NASDAQ:PAYO) CAO Sells $17,051.32 in 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 value 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 stock was sold at an average price of $8.00, for a total value of $31,200.00.

Payoneer Global Stock Performance

PAYO stock opened at $10.87 on Friday. The company has a 50 day moving average price of $8.90 and a two-hundred day moving average price of $7.09. The stock has a market capitalization of $3.88 billion, a P/E ratio of 31.06 and a beta of 0.82. Payoneer Global Inc. has a one year low of $4.22 and a one year high of $11.29.

Payoneer Global (NASDAQ:PAYO) last released its earnings results on Tuesday, November 5th. The company reported $0.11 earnings per share 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 firm had revenue of $248.30 million for the quarter, compared to the consensus estimate of $225.44 million. During the same period in the prior year, the business posted $0.05 earnings per share. The firm’s revenue for the quarter was up 19.4% compared to the same quarter last year. Research analysts forecast that Payoneer Global Inc. will post 0.32 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Several equities analysts recently issued reports on the company. The Goldman Sachs Group lifted their price objective on Payoneer Global from $9.00 to $12.00 and gave the stock a “buy” rating in a report on Wednesday, November 6th. Needham & Company LLC boosted their price objective on shares of Payoneer Global from $10.00 to $14.00 and gave the stock a “buy” rating in a research report on Wednesday, November 6th. Benchmark raised 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 lifted their target price on shares of Payoneer Global from $7.00 to $8.50 and gave the stock a “buy” rating in a research report on Monday, August 12th. Finally, Northland Securities increased their price target on shares of Payoneer Global from $9.00 to $10.00 and gave the company an “outperform” rating in a research report on Tuesday, September 10th. Six research analysts have rated the stock with a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Buy” and an average price target of $10.79.

Institutional Investors Weigh In On Payoneer Global

A number of institutional investors have recently bought and sold shares of the stock. Quarry LP acquired a new position in Payoneer Global during the second quarter worth approximately $29,000. Blue Trust Inc. increased its holdings in shares of Payoneer Global by 135.2% during the 3rd quarter. Blue Trust Inc. now owns 4,440 shares of the company’s stock worth $33,000 after buying an additional 2,552 shares during the last quarter. GAMMA Investing LLC boosted its holdings in Payoneer Global by 438.5% in the third quarter. GAMMA Investing LLC now owns 5,816 shares of the company’s stock valued at $44,000 after acquiring an additional 4,736 shares during the last quarter. Sage Rhino Capital LLC acquired a new position in Payoneer Global in the second quarter valued at $56,000. Finally, FSC Wealth Advisors LLC purchased a new stake in Payoneer Global during the third quarter valued at about $68,000. 82.22% of the stock is currently owned by hedge funds and other institutional investors.

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.