Payoneer Global Inc. (NASDAQ:PAYO – Get Free Report) CAO Itai Perry sold 52,829 shares of the business’s stock in a transaction dated Monday, November 18th. The stock was sold at an average price of $10.64, for a total value of $562,100.56. Following the transaction, the chief accounting officer now directly owns 201,882 shares of the company’s stock, valued at approximately $2,148,024.48. The trade was a 20.74 % decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this link.
Itai Perry also recently made the following trade(s):
- 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 shares were sold at an average price of $8.00, for a total transaction of $31,200.00.
Payoneer Global Price Performance
Payoneer Global stock opened at $10.93 on Friday. The stock’s 50 day moving average is $8.69 and its 200 day moving average is $6.97. Payoneer Global Inc. has a one year low of $4.22 and a one year high of $10.99. The firm has a market cap of $3.90 billion, a P/E ratio of 31.23 and a beta of 0.82.
Analysts Set New Price Targets
Several research analysts have recently issued reports on the stock. Cantor Fitzgerald upgraded shares of Payoneer Global to a “strong-buy” rating in a report on Monday, August 12th. Needham & Company LLC increased their target price on Payoneer Global from $10.00 to $14.00 and gave the company a “buy” rating in a research report on Wednesday, November 6th. Citigroup lifted their price target on Payoneer Global from $7.00 to $8.50 and gave the company a “buy” rating in a research note on Monday, August 12th. Benchmark raised their price objective 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. Finally, Keefe, Bruyette & Woods boosted their target price on shares of Payoneer Global from $9.00 to $12.00 and gave the stock an “outperform” rating in a report on Wednesday, November 6th. Six research analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Buy” and an average price target of $10.79.
Check Out Our Latest Research Report on PAYO
Institutional Trading of Payoneer Global
A number of institutional investors have recently bought and sold shares of the company. Blue Trust Inc. lifted its stake in shares of Payoneer Global by 135.2% in the 3rd quarter. Blue Trust Inc. now owns 4,440 shares of the company’s stock valued at $33,000 after purchasing an additional 2,552 shares during the period. Quarry LP bought a new stake in Payoneer Global in the second quarter worth approximately $29,000. GAMMA Investing LLC lifted its stake 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 buying an additional 4,736 shares during the period. FSC Wealth Advisors LLC bought a new position in shares of Payoneer Global during the 3rd quarter worth approximately $68,000. Finally, Sage Rhino Capital LLC acquired a new stake in shares of Payoneer Global during the 2nd quarter worth approximately $56,000. Institutional investors 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.
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