Payoneer Global Inc. (NASDAQ:PAYO) Director Sells $140,378.70 in Stock

Payoneer Global Inc. (NASDAQ:PAYOGet Free Report) Director Avi Zeevi sold 23,793 shares of the firm’s stock in a transaction dated Tuesday, May 14th. The stock was sold at an average price of $5.90, for a total value of $140,378.70. Following the sale, the director now directly owns 430,055 shares in the company, valued at approximately $2,537,324.50. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website.

Avi Zeevi also recently made the following trade(s):

  • On Thursday, May 9th, Avi Zeevi sold 10,116 shares of Payoneer Global stock. The stock was sold at an average price of $5.91, for a total transaction of $59,785.56.

Payoneer Global Stock Up 0.2 %

NASDAQ:PAYO opened at $5.87 on Friday. The firm has a market capitalization of $2.19 billion, a price-to-earnings ratio of 19.57 and a beta of 0.77. The company has a quick ratio of 1.09, a current ratio of 1.09 and a debt-to-equity ratio of 0.02. Payoneer Global Inc. has a twelve month low of $4.02 and a twelve month high of $6.48. The stock’s 50 day moving average price is $4.99 and its two-hundred day moving average price is $5.07.

Payoneer Global (NASDAQ:PAYOGet Free Report) last issued its earnings results on Wednesday, May 8th. The company reported $0.08 earnings per share for the quarter, topping analysts’ consensus estimates of $0.05 by $0.03. The business had revenue of $228.20 million for the quarter, compared to the consensus estimate of $211.63 million. Payoneer Global had a net margin of 13.19% and a return on equity of 17.56%. The firm’s revenue for the quarter was up 18.9% on a year-over-year basis. During the same period in the previous year, the company earned $0.02 earnings per share. Equities research analysts expect that Payoneer Global Inc. will post 0.24 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Payoneer Global

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

Wall Street Analysts Forecast Growth

Several brokerages have recently issued reports on PAYO. 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. Needham & Company LLC lifted their price target on Payoneer Global from $7.00 to $8.00 and gave the company a “buy” rating in a research note on Thursday, May 9th. Benchmark reiterated a “buy” rating and set a $9.00 price objective on shares of Payoneer Global in a report on Tuesday, May 14th. Cantor Fitzgerald dropped their target price on Payoneer Global from $8.00 to $7.00 and set an “overweight” rating on the stock in a research report on Friday, March 1st. Finally, Keefe, Bruyette & Woods reduced their price target on Payoneer Global from $7.00 to $6.00 and set an “outperform” rating for the company in a research report on Thursday, February 29th. Seven investment analysts have rated the stock with a buy rating, According to data from MarketBeat, the stock currently has an average rating of “Buy” and an average target price of $7.00.

Get Our Latest Stock Report on PAYO

About Payoneer Global

(Get Free Report)

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.

Further Reading

Insider Buying and Selling by Quarter for Payoneer Global (NASDAQ:PAYO)

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