Insider Selling: Payoneer Global Inc. (NASDAQ:PAYO) Insider Sells $2,665,117.30 in Stock

Payoneer Global Inc. (NASDAQ:PAYO) insider Tsafi Goldman sold 263,873 shares of the firm’s stock in a transaction dated Tuesday, December 10th. The shares were sold at an average price of $10.10, for a total transaction of $2,665,117.30. Following the completion of the sale, the insider now owns 741,748 shares of the company’s stock, valued at approximately $7,491,654.80. The trade was a 26.24 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink.

Payoneer Global Stock Down 0.3 %

Payoneer Global stock opened at $10.28 on Friday. The firm has a market capitalization of $3.67 billion, a PE ratio of 29.37 and a beta of 0.90. Payoneer Global Inc. has a 52 week low of $4.22 and a 52 week high of $11.29. The firm’s 50-day simple moving average is $9.61 and its 200 day simple moving average is $7.47.

Payoneer Global (NASDAQ:PAYO) last announced its quarterly earnings results on Tuesday, November 5th. The company reported $0.11 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.04 by $0.07. The company had revenue of $248.30 million for the quarter, compared to the consensus estimate of $225.44 million. Payoneer Global had a net margin of 13.82% and a return on equity of 17.78%. The company’s revenue for the quarter was up 19.4% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.05 earnings per share. On average, research analysts expect that Payoneer Global Inc. will post 0.35 EPS for the current fiscal year.

Institutional Investors Weigh In On Payoneer Global

A number of large investors have recently bought and sold shares of PAYO. SG Americas Securities LLC lifted its position in shares of Payoneer Global by 993.8% in the second quarter. SG Americas Securities LLC now owns 169,184 shares of the company’s stock valued at $937,000 after acquiring an additional 153,716 shares in the last quarter. Bank of New York Mellon Corp boosted its stake in shares of Payoneer Global by 1.7% during the 2nd quarter. Bank of New York Mellon Corp now owns 1,971,622 shares of the company’s stock worth $10,923,000 after purchasing an additional 33,063 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank grew its holdings in shares of Payoneer Global by 7.3% during the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 69,534 shares of the company’s stock worth $385,000 after buying an additional 4,738 shares in the last quarter. Sage Rhino Capital LLC acquired a new position in shares of Payoneer Global in the second quarter valued at approximately $56,000. Finally, Van ECK Associates Corp lifted its stake in shares of Payoneer Global by 4.3% during the second quarter. Van ECK Associates Corp now owns 82,903 shares of the company’s stock valued at $459,000 after buying an additional 3,444 shares during the period. Institutional investors and hedge funds own 82.22% of the company’s stock.

Analyst Upgrades and Downgrades

PAYO has been the subject of several recent analyst reports. The Goldman Sachs Group raised their price target on Payoneer Global from $9.00 to $12.00 and gave the company a “buy” rating in a report on Wednesday, November 6th. Needham & Company LLC raised their target price on Payoneer Global from $10.00 to $14.00 and gave the company a “buy” rating in a report on Wednesday, November 6th. Northland Securities boosted their target price on shares of Payoneer Global from $13.00 to $14.00 and gave the stock an “outperform” rating in a research report on Friday, December 6th. Benchmark increased their price target 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 lowered shares of Payoneer Global from an “outperform” rating to a “market perform” rating and set a $12.00 target price on the stock. in a research report on Monday, December 9th. One investment analyst has rated the stock with a hold rating, five have assigned a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Buy” and a consensus price target of $11.36.

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.