Insider Selling: Payoneer Global Inc. (NASDAQ:PAYO) CAO Sells 52,829 Shares of Stock

Payoneer Global Inc. (NASDAQ:PAYO) 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.

Payoneer Global (NASDAQ:PAYO) last issued its quarterly earnings results on Tuesday, November 5th. The company reported $0.11 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.04 by $0.07. Payoneer Global had a net margin of 13.82% and a return on equity of 17.78%. The firm had revenue of $248.30 million for the quarter, compared to the consensus estimate of $225.44 million. During the same quarter in the previous year, the company earned $0.05 EPS. The company’s revenue for the quarter was up 19.4% on a year-over-year basis. Equities analysts anticipate that Payoneer Global Inc. will post 0.32 earnings per share for the current fiscal year.

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.

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.