Payoneer Global Inc. (NASDAQ:PAYO) CAO Itai Perry Sells 6,000 Shares

Payoneer Global Inc. (NASDAQ:PAYO) CAO Itai Perry sold 6,000 shares of Payoneer Global stock in a transaction on Tuesday, May 21st. The stock was sold at an average price of $6.00, for a total transaction of $36,000.00. Following the transaction, the chief accounting officer now directly owns 233,639 shares in the company, valued at $1,401,834. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink.

Payoneer Global Stock Performance

PAYO traded down $0.04 on Thursday, hitting $5.90. The company’s stock had a trading volume of 2,392,517 shares, compared to its average volume of 2,591,700. The company’s 50 day simple moving average is $5.10 and its 200-day simple moving average is $5.08. 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 12 month low of $4.02 and a 12 month high of $6.48. The firm has a market cap of $2.20 billion, a P/E ratio of 19.67 and a beta of 0.77.

Payoneer Global (NASDAQ:PAYO) last announced its quarterly earnings results on Wednesday, May 8th. The company reported $0.08 earnings per share for the quarter, beating the consensus estimate of $0.05 by $0.03. The company had revenue of $228.20 million during the quarter, compared to analysts’ expectations of $211.63 million. Payoneer Global had a return on equity of 17.56% and a net margin of 13.19%. The firm’s quarterly revenue was up 18.9% compared to the same quarter last year. During the same period in the previous year, the business earned $0.02 earnings per share. Analysts forecast that Payoneer Global Inc. will post 0.24 EPS for the current year.

Hedge Funds Weigh In On Payoneer Global

Large investors have recently modified their holdings of the company. Federated Hermes Inc. bought a new position in Payoneer Global in the 4th quarter valued at $29,000. C M Bidwell & Associates Ltd. bought a new stake in Payoneer Global during the third quarter valued at $39,000. SageView Advisory Group LLC purchased a new position in Payoneer Global during the first quarter worth about $39,000. Harel Insurance Investments & Financial Services Ltd. increased its stake in Payoneer Global by 27.8% in the 1st quarter. Harel Insurance Investments & Financial Services Ltd. now owns 9,541 shares of the company’s stock worth $46,000 after acquiring an additional 2,074 shares during the last quarter. Finally, Blueshift Asset Management LLC bought a new position in Payoneer Global in the 4th quarter worth about $56,000. 82.22% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Several research firms have recently issued reports on PAYO. Needham & Company LLC upped their target price on Payoneer Global from $7.00 to $8.00 and gave the company a “buy” rating in a report on Thursday, May 9th. Cantor Fitzgerald decreased their target price on Payoneer Global from $8.00 to $7.00 and set an “overweight” rating for the company in a research report on Friday, March 1st. Benchmark reissued a “buy” rating and issued a $9.00 price target on shares of Payoneer Global in a report on Tuesday, May 14th. Citigroup decreased their price objective on shares of Payoneer Global from $7.50 to $6.00 and set a “buy” rating for the company in a report on Thursday, March 21st. Finally, Keefe, Bruyette & Woods lowered their price objective on shares of Payoneer Global from $7.00 to $6.00 and set an “outperform” rating on the stock in a research report on Thursday, February 29th. Seven analysts have rated the stock with a buy rating, According to MarketBeat.com, the company presently has a consensus rating of “Buy” and a consensus target price of $7.00.

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.